TriStar Gold (TSG-V) Aug 30, '16 is pleased to announce the preliminary economic assessment (PEA) phase of drilling at its Castelo de Sonhos (CDS) gold project in Para State, Brazil. Two core drill rigs have been mobilized and are scheduled to arrive at CDS in the coming days, with drilling commencing shortly thereafter. This is the beginning of several months of drilling aimed at validating the exploration target range published in March of this year, and culminating in a NI 43-101 PEA (Scoping Study) report by mid-2017.
The initial holes in this program will test the Esperanca South area to the southwest, where it extends onto a mineral concession that has not yet been drilled. Field work earlier this year, guided by Dr. Rael Lipson, has confirmed the strong analogy between CDS and the paleo-placer gold deposits at Tarkwa, and has improved the understanding of the deposit type and the directions of grade continuity. The next phase of drilling leverages this new information, as well as a wide variety of older data that also point to significant mineralization along strike: a strong gold-in-soil geochemical anomaly, gold in trench samples across the conglomerate band, the presence of large and continuous historical workings at surface, and airborne geophysics.
Mr. Nick Appleyard, President and CEO, commented: "This year's work on Castelo de Sonhos gives us every reason to believe that this is a project that can be developed into a significant mine. We know that the conglomerate band is mineralized at surface, and also at depth wherever it has been drilled. The next several drill holes are significant step-outs beyond previous drilling and will, if successful, extend the strike length of Esperanca South by more than two kilometres."
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 Para 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 |
