TriStar Announces Positive Drill Results from Castelo de Sonhos
June 12 2018 - 9:00AM
TriStar Gold Inc. (the “Company” or
“TriStar”) (TSX.V:TSG) is pleased to announce that the results
from 13 new drill holes from the 2018 campaign at its Castelo de
Sonhos gold project (“CDS”) are now available and identify
mineralized conglomerate reefs outside of the existing mineral
resource footprint.
Mr. Nick Appleyard, President and CEO,
commented: “This latest batch of drill results is exciting, as we
have new data from Esperança East, which is our largest untested
area with both outcropping conglomerate reef and coincident
gold-in-soil geochemistry, making it a high priority target. With
results like hole RC-18-317 in Esperança East returning 2m @ 3.53
g/t from 27m downhole and 4m @ 2.7 g/t from 92m (true width is
approximately 90% of the intersection length) downhole it looks
like we are seeing two reefs similar to what we see in Esperança
South (see Figure 1a), which is very promising.”
Drilling
Since the beginning of the 2018 drill program, a
total of 34 reverse circulation (“RC”) holes for 3,972m and 8 core
holes for 960m have been completed. This marks the end of the first
phase of the 2018 drilling campaign. Assays have recently been
received for 13 holes for 1,560m (see Figure 1 for locations), the
results are very promising, with the positive results at Esperança
East potentially opening up a large new zone beyond the existing
mineral resources. Two holes at Esperança South had no significant
intersections; all of the other holes had at least one, but
frequently multiple intersections of anticipated grades and
thicknesses. The results are generally consistent with expectations
and continue to add to our confidence and knowledge base at
CDS.
Detailed summaries of drill hole locations and
significant intervals have been added to the CDS project page of
the company website here (or visit www.tristargold.com) along with
a complete list of all significant intervals for the
project.
Assay methods, quality assurance and
quality control (QA/QC)
In 2018, all drill hole samples are analyzed
using a Leachwell analysis of 1kg of material taken from either ½
core in diamond drill holes or ¼ of the chips in reverse
circulation holes. Samples are transported by truck from site to
the ALS lab in Goiania, Brazil, where they are dried, crushed,
pulverized and packaged for shipment to the ALS analytical lab in
Lima, Peru.
The ALS preparation and analytical labs are
accredited to ISO 17025:2005 UKAS ref 4028, and have internal QA/QC
programs for monitoring accuracy and precision. In addition to
this, TriStar uses standards, blanks and field duplicates in an
external QA/QC program to provide independent monitoring of
laboratory analyses.
To view Figure 1a, please visit the following
link: http://www.globenewswire.com/NewsRoom/AttachmentNg/02fc0e02-379d-44ef-970e-5cb82a84fc3a
To view Figure 1b, please visit the following
link: http://www.globenewswire.com/NewsRoom/AttachmentNg/86381e92-ef4f-4585-91dc-bf9906dba534
Figure 1. a) Locations of the
new drill holes in Esperança East and Esperança South. b)
Southwest-facing perspective view of Esperança South showing the
two identified reefs and the pit shell used to constrain
resources.
Qualified Person
R. Mohan Srivastava (P.Geo.), Vice President of
TriStar, is the Qualified Person who has reviewed the technical
information contained in this news release and has approved its
disclosure.
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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