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Vista Gold is an international gold mining, development and exploration company based in Littleton, Colorado, with its registered office in Whitehorse, Yukon Territory. Vista has gold properties in North and South America. Vista's new strategy of creating value through the acquisition of high quality gold resources, and positioning itself as a continuous call option on gold is attracting significant investor interest.

Vista Gold Corporation   VGZ   (TSX)

Paredones Amarillos, Baja California Sur. The Corporation owns 100% of the Paredones Amarillos project. It is located 40 miles (60 kilometers) south of La Paz, Mexico. 

Paredones Amarillos was acquired in August 2002 (from Viceroy Resources?) for about $1 per ounce of gold resource. Holding costs are estimated at $100,000 per year. 

Gold Resources
Measured, indicated and inferred gold resources currently are: 
Resources                         Tons         Grade (opt)         Contained ounces
Measured & Indicated  55,668,000     0.0338              1,882,000
Inferred                           5,495,000    0.0255                 140,000

TOTAL                        61,163,000    0.0330               2,022,000


Reserve and resource calculations have been prepared by Snowden, an independent third
party. A 0.015 opt (0.5 gram) cut-off grade was assumed. 

Based on a feasibility study completed in 1997 by Echo Bay Mines, average total cash costs are estimated at $226 per ounce and total production costs are estimated at $340 per ounce from mineable reserves of 1.3 million ounces. Vista believes that by re-visiting some of the design criteria developed in the feasibility study, particularly with respect to the process facilities, both capital and operating costs can be reduced on this project.

wwwInfo 25Sep02

(From Echo Bay Archived Files)

Paredonnes Amarillos Project in Baja California Sur. Initially owned 60% of 12,750 ha project with the new and improved Viceroy (merged Baja / Loki / Viceroy company) owning the remaining 40%. Sold this 60% to Viceroy Resource Corporation on 18Oct99 and  took a $13.8 million dollar write-down on sale on annual books in fiscal year 1999. Basically they worked out a deal where Echo Bay could get some consideration for a decommissioned SAG unit of Viceroy's.

CMH 2001-2002
Press Release 10Feb00
Press Release 18Oct99
Randol Conference Jan99
MBD September, 1997
LAMR April, 1997
NMN v82#48 01/27/97
Press Release 14Jan97

(From Viceroy's Archived Files)

Paredones Amarillos in southern Baja. Purchased Echo Bay's 60% position in October, 1999 and now controls 100% of  property which consists of 16 claims totaling 12,757 Ha.  Project still on hold.  Production go ahead was reached by Echo Bay in January, 1997 (pre Bre-X and POG collapse -- way bad timing!!!). Production was initially expected 1999 pending positive feasibility study by 60% JV partner Echo Bay. Development deferred indefinably late in 1997 due to low gold prices. On Jan 1, 1998 reserves stood at 44.5 million tonnes at 1.1 gpt Au. A proposed OP/HL Au project as a 60/40 JV with Echo Bay. Advanced through final feasibility study (before Echo Bay sold out and wrote it down). Permits approved. $111MM capital and $231/oz cash cost, final construction decision deferred pending improved Au price or reasonable forward sales. $375/oz required. Exploration suspended for 1998. Ditto 1999. Project was to yield 128,000 oz/yr over 9 year mine life. Proven and probable reserves stand at 36 MT at 1.1 gpt based on 0.5 gpt cut-off (over 1.3 million oz). Cash costs are $223/oz with total production costs reaching $338/oz. At $375/oz Au payback is reached in 84 months giving an internal ROR of 8%. (Ouch!) Since 1993 over 205,000 ft of drilling was done on the property.

A total of 12 mineralized resources have been identified and studied to various degrees. All are hosted in cataclasite and mylonite which is dated between 79-91 MA. As of Jan1999 seven of these 12 remain open. Largest defined mineralization is is Paredonnes Amarillos ( 1.48 Moz proven and probable) on the southern portion of large land package. Second largest is Las Colinas (348,000 oz) which is at the north end of the district. Other named resources are El Mirador, Uvares.

Press Release 18Oct99.
CMH 1998-1999
MBD October, 1998
MBD December, 1997
GCN #148 1August97
LAMR January, 1997
GCN #11 16Jan97
NMN v82#46 6Jan97
MBD September, 1996
MR v107#22 05/29/96
MBD June, 96
GCN #104 29May96
NMN v82 #6 04/08/96