0000912282-19-000053.txt : 20190607 0000912282-19-000053.hdr.sgml : 20190607 20190607135512 ACCESSION NUMBER: 0000912282-19-000053 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190529 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190607 DATE AS OF CHANGE: 20190607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISTA GOLD CORP CENTRAL INDEX KEY: 0000783324 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09025 FILM NUMBER: 19885104 BUSINESS ADDRESS: STREET 1: 7961 SHAFFER PKWY, SUITE 5 CITY: LITTLETON STATE: CO ZIP: 80127 BUSINESS PHONE: 720-981-1185 MAIL ADDRESS: STREET 1: 7961 SHAFFER PKWY, SUITE 5 CITY: LITTLETON STATE: CO ZIP: 80127 FORMER COMPANY: FORMER CONFORMED NAME: GRANGES INC DATE OF NAME CHANGE: 19950602 FORMER COMPANY: FORMER CONFORMED NAME: GRANGES EXPLORATION LTD DATE OF NAME CHANGE: 19890619 8-K 1 vista8k_060719.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 29, 2019
(Date of earliest event reported)

VISTA GOLD CORP.
(Exact Name of Registrant as Specified in Charter)
British Columbia, Canada
(State or Other Jurisdiction of Incorporation)
1-9025
(Commission File Number)
Not Applicable
(IRS Employer Identification No.)


7961 SHAFFER PARKWAY, SUITE 5, LITTLETON, COLORADO 80127
(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code:   (720) 981-1185
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 7.01  Regulation FD

On May 29, 2019, the Registrant issued a press release that announced leach test recoveries averaging 92.7%  from the ongoing metallurgical test work at its Mt Todd gold project located in Northern Territory, Australia.

A copy of the press release is attached to this report as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.  The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01  Exhibits

99.1 Press Release dated May 29, 2019*

*The Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.


SIGNATURES

In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


   
 
VISTA GOLD CORP.
(Registrant)


Dated: May 31, 2019
By: s/Frederick H. Earnest                                             
Frederick H. Earnest
Chief Executive Officer



EXHIBIT INDEX

Exhibit No. Description
99.1         Press Release dated May 29, 2019*

*The Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.



EX-99.1 2 ex99_1.htm PRESS RELEASE DATED MAY 29, 2019
EXHIBIT 99.1

   

7961 Shaffer Parkway
Suite 5
Littleton, CO  80127
Phone:  720-981-1185




Trading Symbol: VGZ
Toronto and NYSE American Stock Exchanges

       

__________________ NEWS _________________

Vista Gold Corp. Announces Mt Todd Leach Test Recoveries Averaging 92.7%

Denver, Colorado, May 29, 2019 – Vista Gold Corp. (TSX & NYSE American: VGZ) (“Vista” or the “Company”) today announced excellent leach test results from the ongoing metallurgical test work at its Mt Todd gold project located in Northern Territory, Australia. These results are the first from a number of metallurgical tests being conducted on material from the Batman deposit. Leach tests on material with an 80% passing (“P80”) grind size of approximately 50 microns achieved average gold recoveries of 92.7%. Gold recoveries at coarser grind sizes were consistent with previous test results on similarly sized material. Additional leach test work on samples with a finer design P80 grind size of 40 microns is nearing completion, with final results expected in the coming weeks.

Initial leach test results are from high-grade and deposit-average grade composites from the Batman deposit.  Samples BR153 and BR154 had individual head grades of 1.96 and 1.90 grams gold per tonne (“g Au/t”), respectively, while Samples BR161 and BR162 had individual head grades of 0.72 and 0.73 g Au/t, respectively.  Assays were completed in triplicate.  The reported gold recovery is based on the average of the three assays.  The following table summarizes the leach test results.
Sample
2nd Stage Grinding Mill
P80 Product Size
Average Gold Recovery
BR153
IsaMill
53 µm
93.6%
BR154
IsaMill
53 µm
93.6%
BR161
IsaMill
52 µm
91.4%
BR162
IsaMill
52 µm
92.3%

Frederick H. Earnest, President and Chief Executive Officer, commented, “We are very encouraged by these results, which further support our confidence that finer grind sizes will yield higher gold recoveries. Our design contemplates a P80 particle size of 40 microns.  The current testing is being completed on samples with estimated head grades of 0.8 to 1.7 g Au/t at target grind sizes of 45, 38 and 30 microns.  We expect to receive the remaining leach test results in batches over the next several weeks and anticipate recoveries to be in the low ninety-percent range, consistent with the results above and our work as previously announced in August 2018.  This is a significant improvement from the average gold recoveries of 86.4% reported in the January 2018 prefeasibility study and represents the potential to recover approximately 300,000 more ounces of gold over the life of the project.”
The comprehensive results will be incorporated into an updated prefeasibility study currently scheduled for completion in the third quarter of this year.
Qualified Person
Deepak Malhotra, on behalf of Resource Development Inc., an independent Qualified Person as defined by Canadian National Instrument 43-101, supervised the preparation of the information that forms the basis for the scientific and technical information disclosed herein and has reviewed this press release and consented to its release.

For further information on the Mt Todd Gold Project, see the Technical Report entitled “NI 43-101 Technical Report Mt Todd Gold Project 50,000 tpd Preliminary Feasibility Study Northern Territory, Australia,” dated March 2, 2018 with an effective date of January 24, 2018, which is available on SEDAR as well as on Vista’s website under the Technical Reports section.
About Vista Gold Corp.
The Company is a gold project developer. Our principal asset is our flagship Mt Todd gold project in Northern Territory, Australia.  Mt Todd is the largest undeveloped gold project in Australia.

For further information, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185.
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 we expect or anticipate will or may occur in the future, including such things as our belief that recoveries in the low 90% range may be achieved for the Mt Todd gold project; our belief that the testing results show higher recoveries at finer grind sizes; our plans to undertake additional testing over specified estimated head grades and target grind sizes; timing of and completion of such testing; results of future testing; timing and completion of an updated preliminary feasibility study; incorporating the results of this and ongoing leach testing; and that actual results will be consistent with test work results 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: test results are indicative of actual results, no change to laws or regulations impacting mine development or mining activities, our approved business plans, mineral resource and reserve estimates and results of preliminary economic assessments, preliminary feasibility studies and feasibility studies on our projects, if any, our experience with regulators, our experience and knowledge of the Australian mining industry and positive changes to current economic conditions and the price of gold.  When used in this press release, the words optimistic,” “potential,” “indicate,” “expect,”intend,” “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 the Company 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 and reserve estimates, uncertainty as to the Company’s future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; 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 our 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; uncertainty as to the results of bulk metallurgical test work; and uncertainty as to completion of critical milestones for Mt Todd; as well as those factors discussed under the headings Note Regarding Forward-Looking Statements and Risk Factors in the Company’s latest Annual Report on Form 10-K as filed in February 2019 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although we have 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, we assume no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.


GRAPHIC 3 image00001.jpg begin 644 image00001.jpg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end