DENVER, July 1, 2013 /CNW/
- 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.