DENVER, Dec. 10, 2013 /CNW/
- Vista Gold Corp. ("Vista" or the "Company") (NYSE MKT and TSX:
VGZ) announced that the Northern Territory Environmental Protection
Agency ("NT EPA") has recently requested additional information
with respect to the final Environmental Impact Statement ("EIS")
for its Mt. Todd gold project. Vista is currently reviewing the
request for additional information and evaluating how best to
respond. Vista will provide an update on the timing for anticipated
approval of the EIS when it is reasonable to do so.
Vista's President and CEO, Mr. Fred Earnest,
commented, "The NT EPA has invoked their right to request
additional information prior to the expiration of the 35-day final
EIS review period. While this represents a delay in the approval of
the Mt. Todd EIS, we do not expect a lengthy delay. The Mt. Todd
gold project is a large project and the final EIS is a very
comprehensive document with supporting information that include the
technical engineering reports prepared for the June 2013
preliminary feasibility study. We are confident that most of the
information requested by the NT EPA is readily available in the
existing documentation. Given the past history of the Mt. Todd mine
site, we are respectful of the NT EPA's desire to ensure that any
issues are appropriately addressed. We look forward to working with
the NT EPA to provide the requested information and are confident
that we can work together to achieve the successful approval of the
EIS."
About Vista Gold Corp.
Vista's principal assets include its flagship Mt. Todd gold
project in Northern Territory, Australia,
and a 24.9% holding in Midas Gold Corp. In addition to non-core
projects in Mexico, California
and Indonesia, Vista holds a royalty
interest in a project in Bolivia.
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, providing an update on timing for anticipated EIS approval,
length of delay in EIS approval, most information for our response
to NT EPA being readily available in existing documentation,
ability to work with the NT EPA to obtain EIS approval 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: mineral
reserve estimates, terms and conditions of our agreements with
contractors and our approved business plans, management's
assessment of potential transactions and strategic options, and the
Company's assessment of the questions raised by the NT EPA. 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,
ability to work with the NT EPA to settle any questions raised,
availability of information to respond to questions raised by the
NT EPA, risks that additional studies may need to be conducted
resulting in delays, uncertainty of resource and reserve estimates,
estimates of results based on such resource and reserve 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.