06:28:50 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Vista Gold Corp (2)
Symbol VGZ
Shares Issued 99,412,007
Close 2018-03-02 C$ 1.00
Market Cap C$ 99,412,007
Recent Sedar Documents

Vista Gold files NI 43-101 PFS for Mt. Todd

2018-03-02 17:52 ET - News Release

Mr. Frederick Earnest reports

VISTA GOLD CORP. FILES 43-101 PRELIMINARY FEASIBILITY STUDY FOR THE MT TODD GOLD PROJECT

Vista Gold Corp. has completed and filed a National Instrument 43-101 preliminary feasibility report for the Mt. Todd gold project, which was announced on Jan. 24, 2018. The PFS provides an assessment of the Mt. Todd gold project at a gold price of $1,300 (U.S.) per troy ounce with a foreign exchange rate of 80 U.S. cents per Australian dollar. The base case for the PFS evaluates a 50,000-tonne-per-day owner-operated, open-pit operation with a conventional three-stage crush and two-stage grind comminution circuit followed by a carbon-in-pulp gold recovery circuit. The results of an alternative case designed to mine and process 33,000 tpd are also included in the technical report. Additionally, the technical report provides detailed information supporting Vista's decision to incorporate automated sorting and two-stage grinding. For further information on the results of the PFS and the Mt. Todd gold project, see the technical report entitled "NI 43-101 Technical Report Mt. Todd Gold Project 50,000 tpd Preliminary Feasibility Study Northern Territory, Australia," dated March 2, 2018, with an effective date of Jan. 24, 2018, which is available on SEDAR as well as on Vista's website under the technical reports section.

Vista's president and chief executive officer, Frederick H. Earnest, commented: "We are pleased with the results of the PFS, as reported at the current gold price and foreign exchange rate. Again, we have evaluated two options for the development of the Mt. Todd gold project with a 50,000 tpd base case and a smaller, more selective 33,000 tpd alternate case that has been designed to allow for expansion to the base case size. We are excited about the incorporation of automated sorting technology and the newly designed grinding circuit, which together provide the foundation for the results reported at today's economic conditions. We invite any who may have detailed questions about the results of, or the technology incorporated in, the PFS to contact the Vista team."

John Rozelle, Vista's senior vice-president, a qualified person as defined by National Instrument 43-101, has approved the information in this press release.

About Vista Gold Corp.

The company is a well-financed gold project developer. Its principal asset is the flagship Mt. Todd gold project in Northern Territory, Australia. Mt. Todd is the largest known undeveloped gold project in Australia.

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