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Vista Gold Corp. Announces Drilling Results at Maverick Springs Project in Nevada
PRNewswire-FirstCall
DENVER

Vista Gold Corp. (Amex: VGZ; TSX) is pleased to report final drill results from a recently completed 14-hole reverse circulation program totaling 12,920 feet at the Maverick Springs gold-silver project. The property is located approximately 50 miles southeast of Elko, Nevada, on the southeast extension of the Carlin Trend.

Maverick Springs is a large, flat-lying, Carlin-type system with gold-silver mineralization occurring in a zone 100 to 400 feet in thickness. The objective of all but one of the holes was infill drilling of previously outlined mineralization. All holes intersected mineralization, confirming gold-silver mineralization within a zone measuring approximately 2,500 feet north-south by 2,000 feet east-west. All holes were vertical and the intervals cited in the table below are thought to represent true thicknesses. One step-out hole (MR-139) was drilled 1,400 feet north of the infill area and intercepted anomalous gold mineralization, significantly expanding the potential for the project.

Intercepts indicating the potential for bulk-mineable gold mineralization include MR-141 which intersected 375 feet of mineralization at 0.011 ounces of gold per ton, MR-142 which intersected 280 feet of mineralization at 0.014 ounces of gold per ton, MR-144 which intersected 260 feet of mineralization at 0.014 ounces of gold per ton, MR-147 which intersected 245 feet of mineralization at 0.017 ounces of gold per ton, MR-143 which intersected 220 feet of mineralization at 0.011 ounces of gold per ton, and MR-138 which intersected 165 feet of mineralization at 0.011 ounces of gold per ton.

Higher grade gold intercepts included 10 feet of gold mineralization in drill hole MR-147 assaying 0.134 ounces of gold per ton.

The drilling program was performed between July 22 and October 21, 2003 under the overall supervision of Qualified Person Warren Bates, P.Geo. All samples taken were 5 feet in length and were assayed by American Assay Labs of Reno, Nevada. Sampling and assaying methods were conducted in accordance with Canadian National Instrument 43-101 best practices. A resource analysis will be done by an independent consulting firm in accordance with National Instrument 43-101 guidelines.

Silver Standard Resources, Inc. (TSX-V: SSO; Nasdaq: SSRI) funded the drilling program through a unique option/joint venture earn-in agreement with Vista, as previously disclosed, in which Silver Standard will acquire all silver mineralization hosted at Maverick Springs while Vista will retain all gold mineralization. In order to earn its interest, Silver Standard has paid cash and will contribute a total of US$1.2 million toward exploration programs, land holding costs and option payments.

Vista Gold Corp., based in Littleton, Colorado, evaluates and acquires gold projects with defined gold resources. Additional exploration and technical studies are undertaken to maximize the value of the projects for eventual development. The Corporation's holdings include the Maverick Springs, Mountain View, Hasbrouck, Three Hills, Hycroft and Wildcat projects in Nevada, the Long Valley project in California, the Yellow Pine project in Idaho, the Paredones Amarillos and Guadalupe De Los Reyes projects in Mexico, and the Amayapampa project in Bolivia.

             Selected Drill Results, Maverick Springs, Nevada

                                                           Gold    Silver
                                                           Grade    Grade
                                                          Weighted Weighted
    Hole                         From     To    Interval  Average  Average
     No.          Coordinates   (feet)  (feet)   (feet)  (oz./ton)(oz./ton)

   MR-136          644769E       210     230       20     0.027     0.5
                   4444079N
                                 335     345       10     0.009     0.1
                                 585     740      155     0.009     1.2
                        incl.    585     650       65     0.012     2.5
   MR-137-A        644848E       395     575      180     0.007     0.2
                   4444031N
                        incl.    535     560       25     0.014     0.8
   MR-138          644634E       815     980      165     0.011     1.8
                   4443479N
   MR-139          644780E       990    1005       15     0.011     0.1
                   4445084N
   MR-140-A        644652E       510     605       95     0.014     0.3
                   4444654N
                                 770     885      115     0.013     0.4
   MR-141          644769E       530     905      375     0.011     1.7
                   4444079N
   MR-142 (1)      644587E       660     940      280     0.014     0.8
                   4444298N
                        incl.    750     765       15     0.090     2.0
   MR-143 (1)      644510E       650     870      220     0.011     1.8
                   4444208N
   MR-144          644896E       175     220       45     0.010     0.1
                   4444277N
                                 270     295       25     0.006     0.0
                                 530     790      260     0.014     0.8
                        incl.    710     765       55     0.037     1.2
   MR-145          644800E       320     345       25     0.006     0.0
                   4444205N
                                 460     615      155     0.011     0.9
   MR-146 (1)      644980E       325     345       20     0.005     0.0
                   4444365N
                                 410     465       55     0.009     0.0
                                 595     690       95     0.015     2.0
   MR-147 (1)      644840E       555     800      245     0.017     1.2
                   4444510N
                        incl.    650     660       10     0.134     0.4
   MR-148          644950E       730     835      105     0.010     1.0
                   4444480N
                        incl.    735     760       25     0.034     0.7
   MR-149 (1)      644745E       515     625      110     0.007     0.2
                   4444490N

   (1) Hole ending in mineralization

The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in the Corporation's periodic reports, including the annual report on Form 10-K, as amended, filed with the U.S. Securities and Exchange Commission. The Corporation assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, please contact Jock McGregor at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE: Vista Gold Corp.

CONTACT: Jock McGregor of Vista Gold Corp., +1-720-981-1185

Web site: http://www.vistagold.com/


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