US miner reports positive results at Australian project

Photo: Vista

Colorado-based miner Vista Gold has reported assay results for ongoing drilling at its Mt Todd gold project in Australia’s North-ern Territory.


“The mineralization intersected in hole VB21-011 is both thicker and of higher grade than observed in previous drill holes in the current program,” the U.S. business said in a statement.


Frederick Earnest, the president and CEO of the company, said that Vista Gold has “completed 16 of 18 holes (5,466 of the planned 6,000 meters) in our current drill program. Each of the holes completed has intersected mineralization consistent with our geologic model for the area north of the Batman deposit.”


“The Nxld intercepts have so far been of a higher grade than those inter-sected in Batman and we are looking forward to additional drilling planned in this area,” he said.