Vista Gold reports Phase 1 drilling results at Mt. Todd, Australia

Vista Gold announced results from Phase 1 and the start of Phase 2 of its 2024 drilling program at the company’s Mt Todd gold project in Northern Territory, Australia. Phase 1 comprised 11 holes totaling 2,910 meters. CEO Frederick Earnest commented, “We are pleased to report that Phase 1 of the 2024 drilling program at Mt Todd is complete. This phase of the program has successfully confirmed the extension of the core zone and the mineralized boundaries in the northern section of the Batman deposit, including intercepts at the northern limit with gold grades that exceeded our expectations. For example, hole VB24-001 returned an average grade of 1.17 grams of gold per ton over 58 meters in an area of the deposit previously estimated to have an average grade of 0.45 g Au/t.” Phase 2 drilling is expected to be completed by year end. The development scenario for Mt Todd initially targets 150,000-200,000 ounces of annual gold production.