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Vista Gold Phase 2 Drilling Continues to Intercept High Grade Gold Mineralized Intervals in the South Cross Lode at Mt Todd

The results are from the Mt Todd North project area, which is located approximately 30 kilometers northwest of the main Mt Todd project area.

Phase 2 Drilling Program Update

The Phase 2 drilling program is part of Vista’s ongoing efforts to expand the Mt Todd gold project and increase its gold production potential.

  • 5 meters at 35 g Au/T from 1 meters downhole. ## Introduction
  • Introduction

    The discovery of gold in the Witwatersrand Basin in South Africa in 1886 marked the beginning of a new era in the history of gold mining. The Witwatersrand Basin, located in the Gauteng province, is one of the largest gold-producing areas in the world. The region’s unique geology and favorable climate made it an ideal location for gold mining. Over the years, the Witwatersrand Basin has produced an estimated 2.5 billion ounces of gold, making it one of the most significant gold-producing regions in the world.

    Geology and Gold Deposits

    The Witwatersrand Basin is a sedimentary basin that formed over 2.9 billion years ago. The basin is composed of a series of layered rocks, including sandstones, conglomerates, and basalts. The gold deposits in the Witwatersrand Basin are primarily found in the Witwatersrand Supergroup, a geological formation that dates back to the Paleoproterozoic era. The gold deposits are typically found in the form of quartz veins, which are often associated with other minerals such as pyrite, arsenopyrite, and galena.

    The results of the drilling program are expected to be used to update the resource estimate and inform the development of the project.

    Drilling Program Yields Promising Results at the Gold Project

    Initial Findings

    The recent drilling program at the gold project has yielded promising results, with six holes reporting intercepts with gold grades up to 6.82 g Au/t near the surface. These findings suggest that the project has the potential for expansion, particularly in the northeast portion of the current resource shell.

    Key Highlights

  • Six holes with gold grades up to 82 g Au/t near surface
  • Potential for expansion in northeast portion of current resource shell
  • Area previously classified as waste now showing mineralization
  • Drilling continued to intersect mineralization at depth with intercepts ranging from 06 to 19 g Au/t
  • Depth and Mineralization

    The drilling program has also revealed that mineralization extends at depth, with intercepts ranging from 3.06 to 9.19 g Au/t. This suggests that the project has a significant amount of gold-bearing material, and that the mineralization is not limited to the surface.

    Depth and Gold Grades

  • Intercepts ranging from 06 to 19 g Au/t at depth
  • Gold grades increasing with depth, indicating a potential for further expansion
  • Resource Update and Project Development

    The results of the drilling program are expected to be used to update the resource estimate and inform the development of the project.

    The assay results indicate that the Mt Todd deposit is a high-grade gold deposit with a significant amount of gold in the oxide and transition zones.

    Mt Todd Gold Project Update: A New Chapter for the Australian Mine

    Project Overview

    The Mt Todd gold project, located in the Northern Territory of Australia, has been a significant focus for the company, Mt Todd Gold Limited. The project has been in development for several years, with the company working tirelessly to bring this high-grade gold deposit to production. In recent months, the company has made significant progress in updating the mineral resource estimate and moving forward with a feasibility study.

    Assay Results and Vein Intercepts

  • The assay results from the six holes announced have revealed multiple vein intercepts with grades above 0 g Au/t. The assay results also highlight the potential for the project to produce high-grade gold concentrates. ## Feasibility Study and Project Timeline
  • Feasibility Study and Project Timeline

    Feasibility Study Timeline

  • A decision to commence the feasibility study is expected by year end. The feasibility study will provide a comprehensive assessment of the project’s technical and economic viability. The study will include a detailed analysis of the project’s capital and operating costs, as well as a review of the project’s environmental and social impacts.

    Table 1. Summary of Phase 2 Drill Holes VB24-025 through VB24-030 ? highlighting intercepts greater than 5.0 g Au/t. Hole No. Grid Coordinates Survey Data Intersections MGA94 Grid Easting MGA94 Grid Northing RL (m) Azimuth (°) Dip (°) Depth (m) From (m) To (m) Interval (m) True Thickness (m) Grade (g Au/t ) Sample Type VB24-025 187622 8435694 137 268.8 -60.4 167.4 22.5 30.5 8.0 3.9 1.20 HQ ½ Core including 27.9 30.5 2.7 1.3 3.22 HQ ½ Core and 46.0 52.0 6.0 3.0 0.50 HQ ½ Core and 60.0 63.8 3.8 1.9 0.50 HQ ½ Core and 70.0 91.0 21.0 10.4 0.60 HQ ½ Core including 70.0 71.0 1.0 0.5 5.57 HQ ½ Core and 96.0 106.0 10.0 5.0 0.61 HQ ½ Core and 119.0 122.4 3.4 1.7 0.57 HQ ½ Core and 142.5 163.3 20.8 10.9 1.96 HQ ½ Core including 147.0 150.9 3.9 2.0 3.06 HQ ½ Core including 155.0 156.0 1.0 0.5 9.19 HQ ½ Core including 160.0 163.3 3.3 1.7 4.93 HQ ½ Core VB24-026 187415 8435502 150 271.2 -60.1 119.5 41.2 43.6 2.4 1.2 0.93 HQ ½ Core VB24-027 187545 8435600 138 268.5 -60.3 121.1 11.3 14.0 2.8 1.4 0.66 HQ ½ Core and 37.0 52.0 15.0 7.5 0.77 HQ ½ Core and 59.7 62.0 2.3 1.2 2.09 HQ ½ Core and 68.0 91.0 23.0 11.9 0.93 HQ ½ Core including 72.2 76.0 3.8 2.0 2.84 HQ ½ Core and 102.0 107.0 5.0 2.7 0.82 HQ ½ Core VB24-028 187628 8435747 138 270.3 -60.0 125.5 25.0 37.0 12.0 6.5 0.96 HQ ½ Core including 31.0 32.2 1.2 0.6 3.66 HQ ½ Core and 71.2 75.2 4.0 2.0 2.49 HQ ½ Core including 74.0 75.2 1.2 0.6 6.82 HQ ½ Core and 84.0 91.0 7.0 3.4 0.99 HQ ½ Core including 84.0 85.0 1.0 0.5 3.24 HQ ½ Core and 120.4 124.4 4.1 2.0 2.48 HQ ½ Core including 123.5 124.4 1.0 0.5 4.14 HQ ½ Core VB24-029 187545 8435554 138 264.3 -60.8 212.4 18.2 20.0 1.9 0.9 0.96 HQ ½ Core and 62.0 66.0 4.0 2.0 0.45 HQ ½ Core VB24-030 187594 8435701 137 270.4 -60.1 203.1 92.2 97.0 4.8 2.4 1.11 HQ ½ Core including 92.2 93.0 0.8 0.4 4.07 HQ ½ Core and 142.0 146.2 4.2 2.1 0.64 HQ ½ Core

    Introduction

    The discovery of gold in the 19th century marked the beginning of a new era in mining and exploration. Since then, the quest for gold has driven the development of various mining techniques, technologies, and strategies. One of the most significant advancements in gold mining is the use of diamond core drilling, which has revolutionized the way geologists and miners extract gold from the earth.

    The Benefits of Diamond Core Drilling

    Diamond core drilling offers several benefits over traditional drilling methods. Some of the key advantages include:

  • Increased accuracy: Diamond core drilling allows for more accurate measurements of gold deposits, as it provides a larger sample size and more detailed information about the geology of the area. Improved sampling: The use of diamond core drilling enables the collection of more representative samples, which is essential for determining the true thickness of gold deposits. Enhanced exploration: Diamond core drilling facilitates the exploration of gold deposits in areas that were previously inaccessible or difficult to reach. ## The Ore Grade 50g Fire Assay Method**
  • The Ore Grade 50g Fire Assay Method

    The ore grade 50g fire assay method is a widely used technique for determining the gold content of ore samples. This method involves heating a sample of ore in a furnace until it reaches a temperature of around 1000°C, at which point the gold is melted and collected. The resulting gold content is then measured using a fire assay machine.

    Estimating True Thicknesses

    Estimating true thicknesses is a critical step in gold mining, as it determines the amount of gold that can be extracted from a deposit. Diamond core drilling allows for the estimation of true thicknesses based on the orientation of veining as measured relative to the core axis.

    Chain of Custody and Sampling Protocols

    The chain of custody is a critical aspect of any sampling program. It refers to the sequence of events that ensures the integrity and security of the samples from the time they are collected to the time they are analyzed.

    Reference materials are crucial for verifying the accuracy of analytical results in the mining industry.

    The samples are then analyzed by the NAL using their proprietary technology.

    The Importance of Reference Materials in the Mining Industry

    The mining industry relies heavily on reference materials to ensure the accuracy and reliability of its analytical results. Reference materials are used as standards to compare the results of analytical tests, allowing for the verification of the accuracy of the testing equipment and the competence of the laboratory personnel.

    Types of Reference Materials

    There are several types of reference materials used in the mining industry, including:

  • Certified reference materials (CRMs): These are materials that have been certified to have a known composition and are used as standards for analytical testing.

    Decentralized Digital Asset Ecosystems: A New Era of Security and Transparency.

    Introduction

    The world of cryptocurrency and blockchain technology has been rapidly evolving, with new projects and innovations emerging every day. One such project that has garnered significant attention is Vista, a decentralized platform that aims to revolutionize the way we think about digital assets. In this article, we will delve into the world of Vista, exploring its features, benefits, and potential applications.

    What is Vista? Vista is a decentralized platform that utilizes blockchain technology to create a secure and transparent digital asset ecosystem. The platform is designed to facilitate the creation, trading, and management of digital assets, such as tokens and cryptocurrencies. Vista’s unique approach to digital asset management sets it apart from other platforms, offering a more secure, transparent, and efficient way to interact with digital assets.

    The 2024 Feasibility Study is available on the Company’s website at [www.ourcompany.com](http://www.ourcompany.com).

    Introduction

    The world of renewable energy is rapidly evolving, and companies are racing to develop innovative solutions to meet the growing demand for clean energy. One such company is [Company Name], a leading player in the renewable energy sector. In this article, we will delve into the company’s latest development, a feasibility study that promises to revolutionize the way we think about energy production.

    The Feasibility Study

    The 2024 Feasibility Study is a comprehensive analysis of the company’s proposed project, which aims to harness the power of [specific renewable energy source, e.g., solar, wind, or hydroelectric]. The study provides a detailed examination of the project’s technical, environmental, and economic viability.

    Key Findings

  • The study reveals that the proposed project has the potential to generate [amount] of clean energy, which is expected to reduce greenhouse gas emissions by [percentage].

    The project has a significant potential for growth, with a large resource base and a proven track record of gold production.

    Overview of the Mt Todd Gold Project

    The Mt Todd gold project is a shovel-ready development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. This project is a significant opportunity for investors and mining companies looking to capitalize on the gold sector’s growth potential.

    Key Features of the Mt Todd Gold Project

  • Large Resource Base: The Mt Todd gold project has a substantial resource base, with estimated gold reserves of over 5 million ounces.

    Introduction

    The discovery of a mineralized structure, such as the SXL, is a significant event in the mining industry. It represents a potential source of valuable minerals, and its exploration and development can have a substantial impact on the local economy. In this article, we will delve into the details of the SXL, a mineralized structure discovered in the Mt Todd deposit, and explore its potential for expansion.

    The SXL: A Narrower Mineralized Structure

    The SXL is a mineralized structure that has been identified within the Mt Todd deposit. According to Vista Gold, the company behind the discovery, the SXL is a narrower mineralized structure with high-grade intercepts. This means that the mineralization is concentrated in a smaller area, but with higher concentrations of valuable minerals. Key characteristics of the SXL: + Narrower mineralized structure + High-grade intercepts + Concentrated mineralization

    Potential for Expansion

    The discovery of the SXL has significant implications for the potential expansion of the Mt Todd resource shell. Vista Gold believes that results to date indicate potential for expansion in the northeast portion of the current resource shell, including an area previously classified as waste. This suggests that the mineralization may be more extensive than initially thought, and that further exploration and development may be warranted. Potential areas for expansion: + Northeast portion of the current resource shell + Area previously classified as waste

    Ongoing Drilling and Future Prospects

    The ongoing drilling program at the Mt Todd deposit is expected to provide further information about the potential for further expansion of the resource shell.

    31 october 2024 at 06:50 News published onand distributed by:

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