Tristar Gold Corporate Update and Advisory Committee
February 12 2018 - 10:00AM
TriStar Gold Inc. (the “Company” or “TriStar”)
(TSX:TSG) is pleased to announce the formation of an advisory
committee. The team is comprised of Dr. Rael Lipson, Dr. Martin
Williams and Mr. Stephen Kay.
“It is a pleasure and an honour for us at
TriStar to welcome Rael, Martin and Steve to our advisory
committee,” says Nick Appleyard, TriStar’s President and CEO,
“together they bring such a great depth and breadth of industry
knowledge that complements the experienced management team and
board at TriStar.”
Dr. Rael Lipson was the chief geologist for Gold
Fields South Africa and is now a consultant as well as adjunct
faculty at the Colorado School of Mines. Mr. Stephen Kay, now
retired, is a geologist and was the CEO and President of
International Minerals Corp. for over 20 years, his experience
includes involvement from discovery through project development and
financing of gold and silver deposits, predominantly in South
America. Dr. Martin Williams is a Chief Advisor - Geochemistry with
Piteau Associates and has experience providing advice on mine water
management issues to most of the world’s major mining
corporations.
In connection with his appointment to the
committee Mr. Kay has been granted 100,000 stock options. The
options may be exercised at a price of Can $0.28 per common
share. The grant of the options remains subject to the
approval of the TSX Venture Exchange.
Corporate Update
On January 25, 2018 TriStar announced the
closing of a private placement for gross proceeds of Can $ 2.86
million. TriStar intends to use these funds for general
corporate purposes and to advance the Castelo de Sonhos (CDS)
project.
In order to advance Castelo de Sonhos two drill
rigs are being mobilized to site. A reverse circulation (RC)
rig that will drill approximately 4,000m and a small portable core
rig that will drill approximately 1,000m. The aim of the
drill program will be to increase the resource base at CDS with the
portable core rig drilling in locations that are hard to access for
the large RC rig.
About TriStar:
TriStar Gold is an exploration and development
company focused on precious metals properties in the Americas that
have potential to become significant producing mines. The Company’s
current flagship property is Castelo de Sonhos in Pará State,
Brazil. The Company’s shares are listed on the TSX Venture Exchange
under the symbol TSG. Further information is available at
www.tristargold.com.
For further information, please
contact:
TriStar Gold Inc. Nick Appleyard
President and CEO 480-794-1244 info@tristargold.com
Neither the 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. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as “expects” or “it is expected”,
or variations of such words and phrases or statements that certain
actions, events or results “will” occur. Forward looking statements
in this press release include, the scope and success of the planned
exploration program at the Castelo de Sonhos project and the
Company's opinion that it has clear title to the Castelo de Sonhos
property 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.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. 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, except as required by
applicable securities laws.
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