Vista Gold Corp. Announces Recent Geological Evaluation Results Highlighting the Potential of the Mt Todd Gold Project

DENVER, June 02, 2020 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced positive results of ongoing geological evaluations at its Mt Todd Gold Project (“Mt Todd” or the “Project”) in the Northern Territory, Australia. This initial phase of the Company’s evaluations focused on the Batman deposit and the area north to the Quigleys deposit. Results demonstrate greater potential for continuity of gold mineralization along a 5.4 Km strike length. These results are preliminary in nature.

The Company recently consolidated its geologic information which includes both Vista and historic drilling at the Batman deposit, historic drilling northeast of the Batman deposit to the Quigleys’ deposit, and all of the surface geochemistry, geophysics, structural geology, and lithologic data into a comprehensive GIS database as part of its ongoing evaluation work to identify and prioritize upside potential at Mt Todd. This consolidated GIS format has identified several trends and potential areas where the gold mineralization may be more extensive than previously thought.

Frederick H. Earnest, President and Chief Executive Officer of Vista, stated, “We believe Mt Todd hosts a district and not just a deposit. The recent work by our geologic team on understanding the connectivity of the Batman deposit to the Golf-Tollis and Quigleys deposits indicates potential for district continuity. As we evaluate this potential combined with continued improved gold prices, it is possible to envision a 20-plus year mine.”

Mt Todd encompasses a large land package that has both explored and unexplored areas. There are two principle mineralized structural trends; the Batman-Driffield Trend and the Cullen-Australis Trend. The Batman-Driffield Trend has the greatest number of known mineralized prospects and has been the subject of the most detailed work. Figure 1 provides detail on the southwestern portion of the Batman-Driffield Trend which contains the Batman deposit and several other prospects with historic drilling.  Long-section A-B covers a linear length of ~5.4 Km. This area lies within Vista’s mining licenses and represents the initial phase of recent evaluations by Vista’s exploration team.