Wednesday 7th December 2016

Resource Clips


Posts tagged ‘Vista Gold (VGZ)’

A hesitant market

September 25th, 2012

Good news leaves investors unimpressed

By Greg Klein

Next Page 1 | 2

Impressive drill results can do wonders for an exploration company’s stock. Or they can leave people wondering. A darling of the junior resource sector, GoldQuest Mining TSXV:GQC announced more gold results on September 25. But if a share price bump was going to happen, it didn’t happen immediately.

Here are highlights from three holes at the Romero Gold-Copper Discovery of the company’s Las Tres Palmas Trend in the Dominican Republic.

  • 2.64 grams per tonne gold (uncut) or 2.5 g/t gold (top cut) and 0.33% copper over 122.7 metres
  • (including 6.35 g/t gold (uncut) or 5.97 g/t gold (top cut) and 0.53% copper over 44 metres)
  • 0.59 g/t gold and 0.24% copper over 110 metres
  • (including 1 g/t gold and 0.32% copper over 50 metres)
  • 0.42 g/t gold and 0.74% copper over 146.5 metres
  • (including 0.54 g/t gold and 1.47% copper over 72 metres)
  • 0.53 g/t gold and 0.16% copper over 71.7 metres
Good news leaves investors unimpressed

Drill core samples from SnipGold Corp’s Bronson Slope in northwestern B.C.

An arbitrary top cut of 50 g/t gold was used pending further geostatistical data. The top cut was applied to all results, but affected only one interval. True widths were not provided. Depths extend to 476 metres.

With these results, GoldQuest has now reported assays from 10 holes at Romero. Still to come are results for five additional holes. Drilling continues.

Two years ago GoldQuest stock traded just over $0.20. Its price gradually doubled but then sunk all the way to $0.04 last May 16. But despite the market downturn, May 23 began the company’s rapid recovery. That’s when assays from the Romero Discovery first hit the market. GoldQuest shot up to an August 21 high of $2.03 before dropping back. It climbed again to $2.00 on September 20, then fell to a September 24 close of $1.83. Despite the September 25 assays, however, the stock opened the day at $1.35 before a press time close of $1.23.

GoldQuest’s closest Tres Palmas neighbour is Unigold’s TSXV:UGD 22,616-hectare flagship Candelones Project. On September 13 Unigold released assays including

  • 0.71 g/t gold, 1.2 g/t silver, 0.09% copper and 0.42% zinc over 165.65 metres
  • (including 1.38 g/t gold, 4.1 g/t silver, 0.06% copper and 1.25% zinc over 27.65 metres)
  • 0.56 g/t gold, 1.8 g/t silver, 0.06% copper and 0.08% zinc over 89 metres
  • (including 1 g/t gold, 5.1 g/t silver, 0.11% copper and 0.21% zinc over 25 metres)
  • (including 1.3 g/t gold, 2.1 g/t silver and 0.22% copper over 10 metres)
  • 0.49 g/t gold, 0.6 g/t silver, 0.07% copper and 0.01% zinc over 28 metres
  • 0.62 g/t gold, 0.5 g/t silver, 0.09% copper and 0.06% zinc over 12 metres

The company estimates intervals to be true widths. No top cut was applied. Depths extend to 476 metres.

Unigold says the results support its belief that the Candelones Extension Zone remains open in three directions. Data from 36 holes has been released so far, with assays pending for seven more from the Candelones Extension. The company states that mineralization shows a strong correlation with IP chargeability anomalies.

On September 13 Unigold also closed a $5-million private placement of 11.2 million shares at $0.45.

The little country’s biggest mining project is Pueblo Viejo, which began pouring gold on August 14. With proven and probable reserves totalling 25.3 million gold ounces, the project is a 60%-40% JV between Barrick TSX:ABX and Goldcorp TSX:G. Barrick operates the mine, which is expected to reach commercial production in Q4 this year.

Next Page 1 | 2

Vista reports Australia Gold Assays up to 1.03 g/t over 206m, 2.46 g/t over 33.3m

August 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningVista Gold Corp TSX:VGZ announced results from its Mt Todd gold project in Northern Territory, Australia. Highlights include

0.54 grams per tonne gold over 28.1 metres
0.99 g/t gold over 24.9 metres
0.67 g/t gold over 34 metres
1.15 g/t gold over 18 metres
2.46 g/t gold over 33.3 metres
(including 4.29 g/t gold over 14.1 metres)
1.88 g/t gold over 10 metres
(including 4.22 g/t gold over 4 metres)
0.68 g/t gold over 44.1 metres
1.03 g/t gold over 206 metres
4.15 g/t gold over 12.8 metres
(including 9.06 gold over 4.6 metres)
0.56 g/t gold over 31 metres
0.7 g/t gold over 40 metres
0.49 g/t gold over 32.9 metres

President/CEO Fred Earnest commented, “Our resource-conversion drilling program continues to successfully intersect mineralization in the inferred mineral resource category. Of the 24 holes drilled to date, we have received assays results on 18 holes and are incorporating the results into an updated resource estimate which is expected to be completed next week. Results from the remainder of the ongoing drilling program will subsequently be incorporated into the resource estimate that will form the basis of the definitive feasibility study that we expect to complete early next year.”

View Company Profile

Connie Martinez
Manager, Investor Relations
720.981.1185

by Kevin Michael Grace

Vista reports Mexico Assays up to 2.34 g/t Gold, 232 g/t Silver over 19.4m

August 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningVista Gold Corp TSX:VGZ announced results from its Guadalupe de los Reyes project in Sinaloa State, Mexico. Assays include

2.62 grams per tonne gold, 51 g/t silver over 5.6 metres
3.52 g/t gold, 132 g/t silver over 18 metres
(including 12.6 g/t gold, 348 g/t silver over 4 metres)
7.25 g/t gold, 132 g/t silver over 6.1 metres
2.77 g/t gold, 46.2 g/t silver over 10.1 metres
8.19 g/t gold, 109 g/t silver over 11 metres
2.16 g/t gold, 28.3 g/t silver over 8 metres
14.4 g/t gold, 127 g/t silver over 5.7 metres
2.34 g/t gold, 232 g/t silver over 19.4 metres
2.82 g/t gold, 32.8 g/t silver over 8.1 metres

President/CEO Fred Earnest commented, “The results from these final 25 holes, and particularly the intercepts at depth in San Miguel, continue to indicate the potential for a significant epithermal gold-silver vein system at the Guadalupe de los Reyes gold-silver project. The results confirm the presence of both lower grade stockwork veining and high-grade potential occurring in larger quartz veins. We are now working to incorporate the results from this drill program into a new mineral resource estimate and Preliminary Economic Assessment, which we anticipate to be completed early in the fourth quarter.”

View Company Profile

Connie Martinez
Manager, Investor Relations
720.981.1185

by Kevin Michael Grace

Vista reports Australia Gold Assays including 2.2 g/t over 59m

April 26th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningVista Gold Corp TSX:VGZ announced assays from its Mt Todd Project in Northern Territory, Australia. Results include

1.35 g/t gold over 19 metres
1.01 g/t over 14 metres
1.29 g/t over 8 metres
2.2 g/t over 59 metres (including 6.07 g/t over 10 metres)
0.88 g/t over 23 metres
1.22 g/t over 42.4 metres
1.11 g/t over 34.9 metres
1.12 g/t over 8.9 metres
1.13 g/t over 32.7 metres
0.94 g/t over 42.8 metres
0.92 g/t over 192 metres
1.31 g/t over 50.2 metres
1.12 g/t over 38.1 metres

President/CEO Fred Earnest commented, “The drill results at Mt Todd continue to confirm our belief that we will be able to convert a portion of the existing estimated inferred resources to measured and indicated resources. Upon completion of the expanded drill program and the feasibility study on the Mt Todd gold project, we intend to evaluate whether a larger process facility with higher throughput is warranted to improve the project’s economics by optimizing economies of scale and the project life.”

View Company Profile

Contact:
Connie Martinez
Manager, Investor Relations
720.981.1185

by Ted Niles

Vista reports Australia Gold Assays up to 1.5 g/t over 163m

March 12th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningVista Gold Corp TSX:VGZ announced assays from its Mt Todd gold project in Northern Territory, Australia. Results include

4.05 g/t gold over 10 metres
1.5 g/t over over 163 metres (including 7.38 g/t over 11 metres)
1.66 g/t over 21 metres
1.42 g/t over 10 metres
1.16 g/t over 96 metres
1.49 g/t over 11 metres
0.81 g/t over 35 metres
0.88 g/t over 39 metres

Vista is also undertaking a feasibility study on the project. President/CEO Fred Earnest stated, “Work on the Mt Todd feasibility study is being finalized and we expect to announce the results before the end of the first quarter 2012 or shortly thereafter. Through our significant efforts over the past seven years, we believe we have addressed all of the issues related to those conditions that contributed to the failure of previous operations. We believe that the metallurgical testing and process engineering reports will provide the market with a clear understanding, supported by testing results and analysis, of what needs to be done to efficiently process the ore in the Mt Todd deposit. Additionally, we believe there is opportunity to further optimize the Mt Todd gold project and to enhance the project’s economics prior to the anticipated approval of the principal environmental permits in the 4th quarter of this year. I am pleased that we are now moving forward to build a project management team for this project and look forward to the results of continued refinements in the coming months.”

View Company Profile

Contact:
Connie Martinez
Manager, Investor Relations
720..981.1185

by Ted Niles

Vista reports Mexico Assays including 7.79 g/t Gold, 477 g/t Silver over 8.9m

February 27th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningVista Gold Corp TSX:VGZ announced results from its Guadalupe de los Reyes project in Sinaloa State, Mexico. Assays include

14.9 g/t gold and 460 g/t silver over 2 metres
7.79 g/t gold and 477 g/t silver over 8.9 metres
(including 12.15 g/t gold and 738 g/t silver over 5.3 metres)
0.92 g/t gold and 115 g/t silver over 4.9 metres
1.63 g/t gold and 26.4 g/t silver over 2 metres
8.47 g/t gold and 31.5 g/t silver over 1.7 metres
4.95 g/t gold and 33.7 g/t silver over 15 metres
(including 10.13 g/t gold and 50.2 g/t silver over 6.3 metres)

President/CEO Fred Earnest commented, “In addition to confirming the results of previous reverse circulation drilling, we are making tremendous advances in validating our hypothesis that the stockwork systems that host the reported estimated mineral resources are underlain by LSE veins with the potential for high gold grades and bonanza silver grades. We are excited by the success of this drilling program and look forward to the results of drilling on other veins within the district. These preliminary results (grades and thicknesses) suggest that the LSE veins potentially could be mined by mechanized underground mining methods. Following the completion of this program in March, we intend to evaluate the overall exploration potential of the district and propose additional drilling in the hope that we can define a high-grade underground mineral resource estimate.”

View Company Profile

Contact:
Connie Martinez
Manager, Investor Relations
720.981.1185

by Ted Niles

Vista reports Mexico Assays up to 2.22 g/t Gold, 249 g/t Silver over 7m

January 19th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningVista Gold Corp TSX:VGZ announced assays from its Guadalupe de los Reyes gold-silver project in Sinaloa State, Mexico. Results include

2.22 g/t gold and 249 g/t silver over 7 metres
(including 5.46 g/t gold and 645.7 g/t silver over 1.5 metres)
1.88 g/t gold over 2.6 metres
37.7 g/t silver over 1 metre
0.67 g/t gold and 56.9 g/t silver over 8 metres
2.16 g/t gold and 23.3 g/t silver over 2 metres
3.23 g/t gold and 59.3 g/t silver over 2 metres
0.88 g/t gold and 20.9 g/t silver over 2 metres
1.79 g/t gold and 97.1 g/t silver over 7.6 metres
1.16 g/t gold and 47.6 g/t silver over 1.8 metres
20.3 g/t silver over 3 metres
1.39 g/t gold and 27.3 g/t silver over 5.4 metres
1.6 g/t gold and 40 g/t silver over 20.3 metres
1.28 g/t gold and 211 g/t silver over 3 metres

VP Exploration Frank Fenne stated, “This initial phase of core drilling at Guadalupe de los Reyes confirmed that we are in a district that is host to a system of LSE veins with the potential for higher gold and silver grades, particularly when you look at the intercepts from hole 11GW-001. This is only the first round of core drilling we have undertaken in the district, however, and we are still in the early stages of our understanding of the system. Based on these initial holes, the stockwork appears to be more extensive than previously contemplated and, therefore, we are now drilling deeper holes as the program continues.”

View Company Profile

Contact:
Connie Martinez
Manager, Investor Relations
720.981.1185

by Ted Niles