2018 Drilling Starts at TriStar Gold’s Castelo de Sonhos Project
March 12 2018 - 9:00AM
TriStar Gold Inc. (the “Company” or
“TriStar”) (TSX-V:TSG) is pleased to announce that the 2018
drilling campaign has started at its Castelo de Sonhos (“CDS”) gold
project in Pará State, Brazil, with a core rig now drilling at CDS
and an RC rig to start next week This is the beginning of several
months of drilling aimed at extending the known mineralization into
new areas with the goal being to increase the mineral resources.
Mr. Nick Appleyard, President and CEO,
commented: “This year’s work on Castelo de Sonhos is aimed at
building on the substantial resource base that we announced last
year. The areas we have targeted for drilling include filling in
gaps and extending the drill-tested areas at Esperança South and
Central, as well as the first really detailed campaign at Esperança
East. With our drill program last year, we achieved a very large
increase in resources; now we are again aggressively putting
investor money to work to advance the project.”
The initial RC holes in this program will fill
in some gaps at Esperança Central before moving to Esperança South.
The man-portable core rig will drill the northern extension of
Esperança South where the RC rig is too large to access. Figure 1,
shows the main drill targets for this initial 2018
campaign.
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.
A figure accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/4d8a3f8e-7b3e-4d88-b092-353bdac632b0
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