Vista Gold released assays for another three of eight holes from ongoing exploration at its 100%-owned Mt. Todd gold project in Northern Territory, Australia. Drilling has confirmed the extension of the Batman Core Zone to the north as anticipated, while the intercept is thicker than expected with higher grades in the center. In our view, the results confirm the exploration potential of Mt. Todd, which bodes well for Vista as it continues to de-risk Mt. Todd for potential development. These drill results are important, not because they are stellar, but because they may help improve in pit economics and demonstrate potential to expand this already massive deposit and points toward extensions along a 5.4km long trend towards other known deposits. Management is certain that this is a district with growing exploration potential.