TriStar Gold - Identifies New Drilling Targets as PFS Advances
TriStar Gold - Identifies New Drilling Targets
as PFS Advances
Scottsdale, Arizona--(Newsfile Corp. - September 8, 2020) - TriStar Gold Inc. (TSXV: TSG) (OTCQX:
TSGZF) (the Company or TriStar) is pleased to provide a corporate update for planned activities,
principally focused on restarting drilling at the Castelo de Sonhos gold project in the next few weeks.
Additionally, TriStar will be presenting at two upcoming conferences:
The Virtual Metals Investor Forum
and the Precious Metals Summit Beaver Creek - VIRTUAL.
"We're very excited to resume drilling at Castelo de Sonhos, to complete the pre-feasibility study (PFS)
drilling and to test opportunities we've recently recognized for additional gold mineralization outside our
current mineral resources," says Nick Appleyard, TriStar's President and CEO.
"The two virtual
conferences this month provide us with a tremendous platform to discuss our drilling and associated site
activities with the investing community."
Drilling
An initial contract has been signed for 10,000m of reverse circulation drilling and 2,500m of core drilling.
The optical televiewer (OTV) will also be back at site this month and will be used on drilling completed
earlier this year and in much of the upcoming planned drilling. The drill rigs have multiple high priority
targets to drill in the coming months including:
CDS Deeps
CDS Deeps represents an untested target related to gold deposition and possible remobilization from
its original location in the conglomerates by the intrusion of younger granitic rocks. Several sites have
been identified where the granitic rocks are close to both the surface and the gold-bearing conglomerate
horizon.
Untested shallow and outcropping conglomerates
Both TriStar mapping and the artificial intelligence algorithms of GoldSpot Discoveries have identified
multiple areas which appear to have potentially gold-bearing conglomerates at or near surface. These
can be tested with the cost-effective combination of shallow reverse circulation drilling and OTV.
Infill and step-out drilling
There is still about 2,000m of in-fill drilling to be completed for the PFS, as well as geotechnical drilling to
define pit wall stability parameters. Additionally, there are opportunities for step-out drilling in areas
where good results were reported earlier this year.
Figure 1, map of conceptual drill targets at Castelo de Sonhos, showing known gold-in-soil anomaly.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4509/63393_66da44cce483c912_002full.jpg
Other activities at CDS for September
New topography and air photos
A Lidar (Light Detection and Ranging) survey has been flown. This will provide high-precision
topography across the entire project area and the transportation corridor to BR163, the major north-
south highway to the west of the project, and provides high-resolution air photos that will be used
extensively in the PFS as well as in environmental and social permitting activities.
Weather Station
A meteorological station has now been installed to gather site-specific data for use in generating
engineering design parameters and environmental controls.
Conferences
On September 10
th
TriStar will be presenting at the Virtual Metals Investor Forum at the invitation of
Gwen Preston. TriStar's presentation will be in session 3 starting at 1pm (PDT), and can be accessed
via
https://webcast.fmav.ca/mifsept2020/
.
On September 15
th
at TriStar will be presenting at the Precious Metals Summit Beaver Creek -
VIRTUAL conference at 1:45pm (PDT) and the conference website can be accessed via
https://www.precioussummit.com/event/2020-summit-colorado
.
About TriStar:
TriStar Gold is an exploration and development company focused on precious metals properties in the
Americas that have the potential to become significant producing mines. The Company's current flagship
property is Castelo de Sonhos in Pará State, Brazil. The Company's shares trade on the TSX Venture
Exchange under the symbol
TSG
and on the OTCQX under the symbol
TSGZF
. Further information is
available at
www.tristargold.com
.
ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:
Nick Appleyard
President and CEO
For further information, please contact:
TriStar Gold Inc.
Nick Appleyard
President and CEO
480-794-1244
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
statements about the Company's plans to complete a pre-feasibility study on the CDS project, the
results of further in-fill drilling on the CDS property, the ability of the Company to complete the current
in-fill drilling program, the results of further exploration target identification and the anticipated effects
of the COVID-19 virus. 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; effects of the COVID-19 virus on all
aspects of the Company's business, 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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