Vancouver — Denver-based
The deposit has a measured and indicated resource of 47.8 million tonnes grading 1.1 grams gold per tonne, or 1.7 million oz., based on a cutoff grade of 0.5 gram gold. There is also an inferred resource of 7.5 million tonnes grading 1.1 grams gold.
Vista Gold plans to explore for additional resources.
The company, which also holds several advanced gold projects in Mexico, Bolivia, and the western U.S., has a market capitalization of $70 million, based on 18.2 million shares outstanding. The stock recently traded at $3.80.
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