TriStar Gold - LP Permit Update
TriStar Gold - LP Permit Update
Scottsdale, Arizona--(Newsfile Corp. - March 18, 2024) -
TriStar Gold Inc.
(TSXV: TSG) (OTCQB:
TSGZF)
(the Company or TriStar) is pleased to provide an update on the application for the Licença
Prévia (Preliminary License or LP) for the Castelo de Sonhos gold project in Brazil. On December 12,
2023, TriStar received a notification from the Secretariat for the Environment and Sustainability
(SEMAS) for Pará State to clarify certain issues in our LP process, which was duly responded to in the
timeframe requested.
TriStar recently received a new notification with issues for clarification, which has
also been responded to. This back and forth shows that SEMAS are ensuring they have a correct
understanding of the project and are doing their jobs vigorously and professionally to minimize the
possibility of errors in the licensing process.
Mr. Nick Appleyard, CEO, stated, "In November at our Public Hearing we saw what great community
support we have at Castelo de Sonhos. Now we continue to work closely with SEMAS towards the
issuance of the LP. These final few issues that are being worked on are not go/no go, rather technical
definitions that should not impede the issuance of the LP but are causing small delays which is not
unusual in a robust process like this."
TriStar has now submitted everything requested and responded to all comments. Although there is no
formal timeframe for this review, TriStar feels that the receipt of the LP in Q1 2024 is now unlikely, and
that receipt of the LP will most probably slip into Q2.
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 the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-
feasibility study and is now advancing permitting while evaluating optimization options. The Company's
shares trade on the TSX Venture Exchange under the symbol
TSG
and on the OTCQB 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
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 ability to complete the current drilling program, the results of further
exploration target identification and the anticipated ongoing 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/201932