Huge Gold Resource in Idaho
Wow, this company is hitting on all cylinders, with multiple projects, and all of them having huge upside from here.Maybe some are beginning to see why an analyst recently had a $21 per share price object (see my previous post).Today, a news release is out that provides some background to the company’s recently consolidated holdings in Idaho, in which the company now holds a 35% interest.Here is an excerpt:
“Combined with Vista's Yellow Pine deposit the new project, known as Golden Meadows, will have an estimated 3.95 million ounces measured and indicated mineral resources and 2.4 million ounces of inferred mineral resources, based on current estimations. Also, Golden Meadows will have multiple advanced exploration targets with potential to expand the existing resource.”
Vista Gold Corp. Announces Combined Mineral Resource Estimate for the Yellow Pine - Golden Meadows Project in Valley County, Idaho - Yahoo! Finance
Further detail is provided by a new presentation to the company’s 35% held Midas Gold:
2011-02-22MGI_PresentationResources-FINAL.pdf (application/pdf Object)