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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the period of April 2, 1997 Commission File Number: 1-9025
VISTA GOLD CORP.
(Name of Registrant)
Suite 3000
370 Seventeenth Street
Denver, Colorado 80202
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the SEC
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not applicable.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VISTA GOLD CORP.
Date: April 4, 1997 By: /s/ KARLA J. KIMREY
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Karla J. Kimrey
Director of Investor Relations
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EXHIBIT INDEX
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Exhibit Description of Exhibit
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99.1 Press release dated April 2, 1997, stating that the Company secures land
surface rights in Bolivia
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EXHIBIT 99.1
VISTA GOLD SECURES LAND SURFACE RIGHTS IN BOLIVIA
DENVER, COLORADO, APRIL 2, 1997 -- The Company is pleased to announce that it
has reached an agreement with the local Ayllus (indigenous people) for the use
of the land surface necessary to construct the Amayapampa and Capa Circa mines
in Bolivia. The land surface rights were important to secure so the Company
can maintain its development schedule and commence the initial construction in
the form of a water retention dam at Amayapampa.
In exchange for the surface right to use the 370 acres (150 hectares), the
Company has agreed to provide socio-economic programs that will benefit local
communities and workers and to replace land which is not usable at the end of
the mine's life. Some of these benefits will include education, training and
employment as well as assistance with various improvement and development
programs.
During the past 3 months, Vista has completed 18 diamond drill core holes and
21 reverse circulation drill holes for a total of 23,400 feet (7,130 m) to
confirm work done in 1996 by Da Capo Resources. This drilling phase is now
complete and assays will be concluded by mid-April. One of the diamond drill
rigs from Amayapampa is now moving to the Company's Copacabana exploration
property in southern Bolivia to commence exploration on that target.
"Securing these surface rights and completing the confirmatory drilling are
keys to maintaining our time line for gold production at Amayapampa," said
Michael B. Richings, President and CEO of Vista Gold Corp. "We are on track
for completion of the final bankable feasibility study in June, with project
financing and construction beginning shortly thereafter."
Vista Gold Corp. is an international gold mining, development and exploration
company based in Denver, Colorado, with its registered office in Vancouver,
British Columbia. Its holdings range from the Hycroft mine in Nevada to
development and exploration projects in North and South America including
Ecuador, Bolivia, Venezuela and Peru.
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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 the targeted results. Such risks and
uncertainties include those described in the Company's Form 10K as amended.
For further information, please contact Karla J. Kimrey, Director of Investor
Relations, or Michael B. Richings, President and CEO of Vista Gold Corp. at
(303) 629-2450 or (888) 629-2450.
