Vista Gold Corp. welcomes the release of the Draft Guidelines for an Environmental Impact Statement (EIS) for the Mt Todd Gold Project.
Company President and Chief Operating Officer, Mr Frederick Earnest said the release of the guidelines was a major milestone in the process of their assessment of the site as a producing gold mine.
“We are encouraged by the potential of the Mt Todd site and are currently conducting a definitive feasibility study to determine if the property can be re-opened.”
The “brownfield” site is located approximately 50km north of Katherine and 250 km south of Darwin in the Northern Territory, Australia. The mine tenement is approximately 160,800ha.
Over the past five years, Vista Gold has taken an orderly, methodical and conservative approach to determine the future of the site.
In November 2010, The Northern Territory Government renewed its agreement with Vista Gold for the care and maintenance of the site, demonstrating both the Government’s and Vista Gold’s commitment to assessing the feasibility of developing the site.
The Northern Territory Minister for Natural Resources, Environment and Heritage, Karl Hampton MLA recently determined the requirement for an EIS under the Environmental Assessment Act.
The Draft EIS Guidelines will be available from Saturday, 27 August 2011 for public comment until Monday, 12 September 2011 from:
Members of the public wishing to gain more information on the site may contact Vista Gold through the Mt Todd project website at mttodd.com.au
“We are working closely with authorities and are committed to managing this site in an environmentally sound manner,” Mr Earnest said.
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Media enquiries: Jeannette Button +618 89419169, +61 407 727 080