07:27 AM EST, 01/13/2025 (MT Newswires) -- Vista Gold ( VGZ ) shares at last look traded 3.4% higher on Monday in pre-market trading as it reported final drill results for its 2024 program at the Mt Todd gold project in Australia's Northern Territory.

The company said it encountered high-grade gold intercepts, including 3.0 meters at 4.13 grams per tonne (g/t) gold, 43.3 meters at 0.82 g/t gold and 29.0 meters at 1.55 g/t gold.

"These and prior drill holes in the South Cross Lode demonstrate the continuity of the mineralization along strike at relatively shallow depths," said Frederick Earnest, Vista's president and chief executive. "We expect this to benefit the update to our resource model and the reserve estimates that will be completed in conjunction with the in-progress Mt Todd feasibility study."

The company said it plans to provide an overview of its 2024 drilling program in the coming weeks.