TriStar Gold Inc. (the Company) is pleased to announce the
results of the first round of holes completed in the second phase
diamond drilling at the Company’s 100% owned Castelo de Sonhos Gold
Project in the Tapajos region of Para state, Brazil. Results have
been received for fifteen (15) holes drilled at the Esperança South
Target.
The second phase of drilling at Castelo de Sonhos started on
July 17th with two drill rigs, both initially located at the
Esperança South target which have since been moved to the Esperança
East and Center targets. A total of 30 holes totalling 3,690 meters
of a planned 44 holes totalling a minimum of 5,000 meters have been
drilled to date in this second phase campaign.
Eleven of the completed holes, for which results have been
received, encountered mineralization and the table below shows the
most significant results for those holes. Hole CSH-34 was stopped
due to technical problems without reaching the targeted mineralized
zone and was drilled again as Hole CSH-36.
Esperança South Target Hole
Intercept (Au) From (m)
To (m) Final Depth (m) CSH-35
2.00 m at 2.98 g/t
24.00 26.00
40.75 CSH-36 8.00 m at 1.46 g/t
119.00 127.00
149.85 CSH-37 2.00
m at 4.26 g/t
2.00 m at 3.36 g/t
25.00
41.00
27.00
43.00
104.05 CSH-39
or
2.00 m at 1.24 g/t
2.00 m at 1.13 g/t
32.00 m at 0.51 g/t
52.00
82.00
52.00
54.00
84.00
84.00
120.00 CSH-40
Including
20.00 m at 2.86 g/t
4.00 m at 6.19 g/t
6.00 m at 4.74 g/t
63.00
69.00
77.00
83.00
73.00
83.00
120.00 CSH-41 3.20
m at 4.46 g/t
2.00 m at 1.54 g/t
79.20
132.00
82.40
134.00
150.45 CSH-42 2.00
m at 1.06 g/t 24.00
26.00 101.65 CSH-43
11.50 m at 1.60 g/t
2.00 m at 1.99 g/t
48.50
102.00
60.00
104.00
116.80 CSH-44
including
13.90 m at 4.51 g/t
7.90 m at 7.38 g/t
45.00
51.00
58.90
58.90
60.80 CSH-47
including
4.00 m at 4.44 g/t
2.00 m at 8.34 g/t
111.00
113.00
115.00
115.00
140.40 CSH-48
or
2.00 m at 1.14 g/t
1.75 m at 1.19 g/t
11.00 m at 0.64 g/t
117.00
123.00
117.0
119.00
124.75
128.00
139.50
All holes were drilled inclined between 45 to 55 degrees of the
horizontal and were planned to intercept mineralization at right
angles.
The principal goals for the second phase drilling at the
Esperança South target were to add more drill holes in previously
drilled sections and also, to fill in and extend the drilling grid
to the north, where the soil geochemistry widens.
With the results of holes CSH-43, the northernmost positive one,
and CSH-44, the southernmost positive one, the strike length of the
mineralized zone at Esperança South has been extended from 1,400
meters to 2,600 meters. This zone is still open in both directions,
to the north and to the south, within a soil geochemistry anomaly
which extends for over 5,500 meters. In at least two drill
sections, the down dip length of the mineralization extends for
approximately 150 meters. Also, the results of holes CSH-37,
CSH-40, CSH-41, CSH-44 and CSH-47 have enhanced the mineralization
in sections previously drilled.
Except for the two most northerly drill sections (Section DH-42
and section DH-43) at Esperança South, which are 780 meters apart,
all other drilled sections are between 100 and 200 meters
apart.
“These drilling results duplicate the phase one drilling
campaign rate of success at Esperança South, where 11 holes of 14
holes intercepted mineralization. The thicknesses and grades now
identified, also confirm the same pattern as observed in the phase
one drilling campaign, with mineralized zones ranging between 1 to
20 meters thick with grades up to 8 g/t gold. We are very excited
by these results and by the upside potential at Castelo de Sonhos
as all soil geochemistry anomalies and conglomerates extend over
more than 15 kilometers. Moreover, the mineralization identified so
far at Esperança South is still well open to the north and to the
south,” Vice President of Exploration Elton Pereira said.
Mark E Jones III, President and CEO of TriStar stated: “We are
pleased with the continuing progress at Castelo de Sonhos. These
results confirm the similarity with both the Jacobina and Tarkwa
deposits. Twenty-nine drill holes remain to be reported in this
drilling campaign which will test the Esperança Center and
Esperança East anomalies. This drilling confirms our positive view
of the project."
Castelo de Sonhos is a property where gold mineralization is
hosted in proterozoic conglomerates similar to those encountered at
comparable gold deposits also associated with proterozoic
conglomerates, like Jacobina in Northeastern Brazil and Tarkwa in
Ghana (Western Africa).
Sampling Procedures
The recovered HQ and NQ size cores were split in half by a
standard rock saw. One-half was sent to the laboratory in intervals
not greater than 2 meters length and cut depending on geologic
parameters. The remaining half-core was stored on site. The samples
were bagged in batches of forty (40) samples and sent from the
project site to the city of Parauapebas (Carajás), where SGS-Geosol
Labs has a sample prep facility.
All samples were dried at 60°C, 100% crushed to 95% minus 2mm
and homogenized.
For those samples in which visible gold were not identified, a
split of 250-300g aliquot was taken and pulverized to 95% minus 150
mesh, from where a new split of 50g aliquot was taken to be
analyzed by fire assay/atomic absorption.
For those samples in which visible gold was identified, to
minimize the nugget effect, a minimum of 1 Kg was pulverized to 95%
minus 150 mesh and sieved in a 150 mesh sieve. The oversize was
weighed and analyzed by fire assay/atomic absorption. The undersize
was weighed, homogenized and two aliquots of 50g were split to be
analyzed by fire assay/atomic absorption. Balance between weights
and assays of the oversize and undersize resulted in sample’s final
assay.
For both types of preparation, the pulps were airfreighted to be
assayed at SGS-Geosol lab in Vespasiano, Minas Gerais state. In
addition to the laboratory quality control, TriStar has added its
own certified standard check samples each 10 samples.
Mr. Rodrigo Mello, FAusIMM, a qualified person as defined in NI
43-101, has read and approved the technical portions of this
release.
About TriStar:
TriStar Gold is a well-financed gold exploration company focused
on high-potential properties in Brazil. In addition to Castelo de
Sonhos, TriStar holds another exploration project in the Tapajós
district known as the Bom Jardim Property. The Company’s shares are
listed on the TSX Venture Exchange under the symbol TSG-V. Further
information is available at www.tristarau.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
Forward-Looking Statements
Certain statements contained in this press release may
constitute forward-looking statements under Canadian securities
legislation which are not historical facts and are made pursuant to
the "safe harbour" provisions under the United States Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based upon the Company's reasonable expectations and
business plan at the date hereof, which are subject to change
depending on economic, political and competitive circumstances and
contingencies. Readers are cautioned that such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause a change in such assumptions and the actual
outcomes and estimates to be materially different from those
estimated or anticipated future results, achievements or position
expressed or implied by those forward-looking statements. Risks,
uncertainties and other factors that could cause the Company's
plans to change include changes in demand for and price of gold and
other commodities (such as fuel and electricity) and currencies;
changes or disruptions in the securities markets; legislative,
political or economic developments in Brazil; the need to obtain
permits and comply with laws and regulations and other regulatory
requirements; the possibility that actual results of work may
differ from projections/expectations or may not realize the
perceived potential of the company’s projects; risks of accidents,
equipment breakdowns and labour disputes or other unanticipated
difficulties or interruptions; the possibility of cost overruns or
unanticipated expenses in development programs; operating or
technical difficulties in connection with exploration, mining or
development activities; the speculative nature of gold exploration
and development, including the risks of diminishing quantities of
grades of reserves and resources; and the risks involved in the
exploration, development and mining business. The Company disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
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