Vista Gold Corp. (NYSE American and TSX: VGZ) has released the final drill results from its 2024 drilling program at the Mt Todd gold project in Northern Territory, Australia.
The results further confirm the presence of wider veins with high-grade gold intercepts in the South Cross Lode (SXL) zone, consistent with previous findings.
Key highlights from the drilling include:
- Hole VB24-032 in the SXL returned 3 metres at 4.13 g Au/t from 121.1 metres, including 0.6 metres at 18.34 g Au/t, and 1.1 meters at 16 g Au/t from 142.9 metres, including 0.3 metres at 65.42 g Au/t.
- Hole VB24-033, drilled in hanging wall structures adjacent to the Batman deposit, yielded 43.3 metres at 0.82 g Au/t from 109 metres, including 1.0 metres at 7.55 g Au/t.
- Hole VB24-034 in the SXL returned 29 metres at 1.55 g Au/t from 156 metres, including 1.9 metres at 8.01 g Au/t.
Frederick H. Earnest, President and CEO of Vista Gold, expressed enthusiasm about the results, particularly noting the wider and higher-grade vein intercepts encountered at relatively shallow depths starting just 100 meters below the surface.
The company believes that mineralisation in the SXL remains open at depth and to the northeast.
These results are expected to contribute positively to the upcoming update of the resource model and reserve estimates, which will be incorporated into the ongoing Mt Todd feasibility study.
The 2024 drilling program, completed in December, consisted of 34 holes totalling 6,776 metres.
Phase 1 results, announced in August 2024, extended the core zone and mineralised boundaries in the northern section of the Batman deposit.
Phase 2 focused on the shallow portion of the SXL, with interim results released in September and October 2024.
Vista Gold plans to provide a comprehensive overview of the 2024 drilling program in the coming weeks, followed by an updated Mt Todd mineral resource estimate.
