Vista Gold wrapped up field exploration at its Mt. Todd exploration licenses in Australia’s Northern Territory and retained the two core drill rigs for an additional 8,500 m of drilling at the Batman deposit. In September, the company reported total estimated gold mineral resources for the Batman deposit of 5.98 million oz measured and indicated and 2.61 million oz inferred. The goal of the current drilling is to obtain additional sample information in the areas of estimated inferred resources to determine if they can be converted to estimated measured and indicated resources.
Vista also reported it received the permits for its planned drilling program at its Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico, and that a 12-hole core program had begun. The program is designed to obtain core for metallurgical testing from the stockwork that is the host for the project’s current reported estimated mineral resources and to test the potential for high gold grades and bonanza silver grades in the underlying low-sulphidation epithermal vein systems. If this initial core drilling program is successful, Vista intends to undertake a more comprehensive drilling program beginning in early 2012. (www.vistagold.com)