Denver, Colorado, May 19, 2021 – Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced assay results for drilling at the Company’s Mt Todd gold project (“Mt Todd” or the “Project”). Two additional holes have been completed on an east-west section approximately 500 meters north of the limits of the Batman deposit resource model. Both holes drilled through mineralized structures as projected, with some intercepts in both holes showing significantly higher grades than historic drilling in the Batman deposit.
Highlights
VB21-004 intersected the same structure as VB20-001 and drilled 42 meters @ 0.80 grams gold per tonne (“g Au/t”), including 12 meters @ 1.46 g Au/t;
VB21-005 was drilled up-dip from VB21-002 and intersected 29 meters @ 2.65 g Au/t, including 0.31 meters @ 161.80 g Au/t;
Both holes confirm the lateral continuity of mineralized structures with drill intercepts 500 meters north of the Batman deposit; and
VB21-005 confirmed the vertical continuity of the definable high-grade zone intersected in hole VB21-002.
Frederick Earnest, President and CEO commented, “In these drill results, we see vertical and horizontal continuity of mineralization just as we did in our very successful development and expansion of the Batman deposit. The results of this program confirm our strong belief in the potential to increase the gold resources of the Mt Todd Project with additional drilling. The significantly higher-grade intercepts encountered in both VB21-004 and VB21-005 suggest the potential importance of these parallel structures as part of the feeder system that helped create the Batman deposit. Presently, two drills are drilling in the general vicinity of VB21-002 and VB21-005 to further define this structure, which is an extension of the Batman Core Zone. Following this, we plan to drill the parallel structure intersected in VB21-004 300 meters to the east, which aligns with the Golf-Tollis target. We are focused on understanding the geology and structural conditions that helped form these narrower, but apparently higher-grade, mineralized structures and their relationship to the Batman deposit approximately 500 meters to the south. We believe this will allow us to refine our exploration model prior to stepping out further to the north. We are very pleased with these results and look forward to the results of future drilling.” Vista Gold CEO Video
Holes VB21-004 and VB21-005 were drilled on Section 8436400N targeting differing, yet parallel mineralized structures. Hole VB21-005 was drilled to test the vertical continuity of mineralization discovered in hole VB21-002 (results announced March 24, 2021). This hole intersected 10 meters averaging 6.50 g Au/t, including 0.31 meters with 161.80 g Au/t. Hole VB21-004 was drilled approximately 300 meters to the east targeting a mineralized structure in line with the Golf-Tollis target and intersected 6 meters averaging 2.48 g Au/t, including 1.0 meter with 11.10 g Au/t. Please refer to the following table for a detailed summary of the assay results for these two holes and to Figure 1 on the following page for a map showing the locations of these drill holes.
Table 1 – Summary of Assay Results
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