DENVER, July 1, 2013 /PRNewswire/ -- Vista Gold Corp.
("Vista" or the "Company") (NYSE MKT and TSX: VGZ) today announced
that it submitted the initial Environmental Impact Statement
("EIS") to the Northern Territory Environmental Protection
Authority ("NT EPA") on Friday, June 28,
2013.
Submission of the initial EIS starts concurrent agency review
and public consultation periods, the latter of which will close on
August 12, 2013. Following
closure of the public consultation and agency review periods, the
NT EPA will provide a consolidated set of comments to Vista.
The Company will subsequently respond to the comments in a final
EIS, which will be submitted to the NT EPA for approval.
Vista continues to anticipate completion of the EIS process around
year-end.
Additionally, on Friday June 28,
Vista completed and filed the 43-101 technical report for the Mt.
Todd Preliminary Feasibility Study that was announced on
May 29, 2013. The Technical
Report, dated June 28, 2013, is
available on SEDAR as well as Vista's website under the Technical
Reports section.
Fred Earnest, Vista's President
and CEO, commented, "The submission of the EIS for review and
approval by the NT EPA marks the achievement of a significant
milestone for the project and is a key part of our strategy to add
significant value with minimal expense going forward."
About Vista Gold Corp.
Vista is focused on the development of the Mt. Todd gold project
in Northern Territory, Australia,
to achieve its goal of becoming a gold producer. Vista has
completed a preliminary economic assessment on its Guadalupe de los Reyes gold/silver project in
Mexico and has granted Invecture
Group, S.A. de C.V. a right to earn a 62.5% interest in the Los
Cardones gold project, in Mexico.
Vista's other holdings include the Awak Mas gold project in
Indonesia, subject to One Asia
Resources Ltd.'s right to earn an 80% interest, and the Long Valley
gold project in California. For
more information about our projects, including technical studies
and resource estimates, please visit our website at
www.vistagold.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the U.S. Securities Act of 1933, as amended, and
U.S. Securities Exchange Act of 1934, as amended, and
forward-looking information within the meaning of Canadian
securities laws. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Vista expects or
anticipates will or may occur in the future, including such things
as, the Company's continued work on the Mt. Todd gold project,
anticipated discussions with the NT EPA regarding the EIS, timing
for responses to the NT EPA comments on the EIS and finalizing the
EIS process, and other such matters are forward-looking statements
and forward-looking information. The material factors and
assumptions used to develop the forward-looking statements and
forward-looking information contained in this press release include
the following: the anticipated timing and process for the
completion of the EIS. When used in this press release, the
words "optimistic," "potential," "indicate," "expect," "intend,"
"plans," "hopes," "believe," "may," "will," "if," "anticipate," and
similar expressions are intended to identify forward-looking
statements and forward-looking information. These statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Vista to be materially different from any future results,
performance or achievements expressed or implied by such
statements. Such factors include, among others, uncertainty
of resource estimates, estimates of results based on such resource
estimates; risks relating to completing metallurgical testing;
risks relating to cost increases for capital and operating
costs; risks related to the timing and the ability to obtain
the necessary permits, risks of shortages and fluctuating costs of
equipment or supplies; risks relating to fluctuations in the price
of gold; the inherently hazardous nature of mining-related
activities; potential effects on Vista's operations of
environmental regulations in the countries in which it operates;
risks due to legal proceedings; risks relating to political and
economic instability in certain countries in which it operates; as
well as those factors discussed under the headings "Note Regarding
Forward-Looking Statements" and "Risk Factors" in Vista's Annual
Report Form 10-K as filed on March 14,
2013 and other documents filed with the U.S. Securities and
Exchange Commission and Canadian securities regulatory
authorities. Although Vista has attempted to identify
important factors that could cause actual results to differ
materially from those described in forward-looking statements and
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended.
Except as required by law, Vista assumes no obligation to publicly
update any forward-looking statements or forward-looking
information; whether as a result of new information, future events
or otherwise.
For further information, please contact Connie Martinez at (720) 981-1185, or visit the
Company's website at www.vistagold.com.
SOURCE Vista Gold Corp.