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Market Gainer releases coverage for Vista Gold Corporation.

Publication: M2 Presswire
Publication Date: 31-JAN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2006-www.MarketGainer.com: Market Gainer releases coverage for Vista Gold Corporation(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:03012006

Vista Gold Corporation (TSX:VGZ) evaluates and acquires gold projects with defined gold resources. Additional exploration and...

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...technical studies are undertaken to maximize the value of the projects for eventual development.

Shares of Vista Gold finished Monday January 30, 2006 at $5.90, while trading just over 12 thousand shares. Market Gainer would like to take this opportunity to inform our subscribers to be aware of Vista Gold Corporation as they announced after market, that it has received an updated feasibility study for the possible restart of operations at the Hycroft Mine, an open-pit, heap-leach, gold mine located 54 miles west of Winnemucca, Nevada. The Hycroft Mine has produced in excess of one million ounces of gold and two million ounces of silver and is currently on a care and maintenance basis.

The updated study was issued on January 25, 2006 by Mine Development Associates (MDA) of Reno, Nevada, a consulting firm, in accordance with Canadian National Instrument 43-101 guidelines. The study and verification of the data employed in the study was undertaken under the supervision of Mr. Neil Prenn, P. Eng., a qualified person independent of Vista. The Hycroft resource estimate on which the feasibility study was based and which was used by MDA to calculate mineral reserves was prepared by Ore Reserves Engineering (ORE) of Lakewood, Colorado, under the direction of Mr. Alan Noble, P. Eng., a qualified person independent of Vista. The results of the ORE...

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