EL 28321 Mount Todd Project Annual Report for the period ended 2 May 2016

Abstract

EL 28321 is situated to the west of the Stuart Highway, 40 km due south of the town of Pine Creek. This annual report documents the work completed on the licence for the period from May 3rd, 2015 to May 2nd, 2016. As of May 2nd 2016, EL 28321 is the most recent addition to the Vista Gold tenement package on the Mt Todd project, having been granted on May 3rd, 2011. The tenement consists of 63 graticular blocks, being 13km wide and 20km long with a total area of 198.3 square km. Vista Gold Australia Pty Ltd. is the operator and manager of the exploration work. The bulk of the expense was incurred in reconnaissance mapping to identify structural defects within the Tennyson's Leucogranite and defining / planning a suitable program to examine Au / base metal potential.