TriStar Gold - Permit Approved by COEMA Council
TriStar Gold - Permit Approved by COEMA
Council
Scottsdale, Arizona--(Newsfile Corp. - June 12, 2024) -
TriStar Gold Inc.
(TSXV: TSG) (OTCQB:
TSGZF) (the Company or TriStar) is pleased to announce that the Pará State Environmental Council
(COEMA) met on June 11, 2024 in Belem, and has approved the Licença Prévia (Preliminary License
or LP) and the Environmental Impact Assessment (EIA) for the Castelo de Sonhos gold project in Brazil.
The formal issuance and gazettal of the LP should now only be subject to internal Secretariat for the
Environment and Sustainability (SEMAS) processes. TriStar presented at the COEMA meeting to a
positive and supportive response. Subsequently the council unanimously voted in favor of the LP.
Mr. Nick Appleyard, CEO, stated, "Achieving a milestone like this is the culmination of a huge amount of
work by our small and dedicated team (photos of two team members presenting to COEMA below). The
work they have done has been outstanding in every regard. We are also thankful to the many people and
organizations that have supported us including the Federation of Industries of Pará State (FIEPA), the
Secretariat of Economic Development, Mining and Energy (SEDEME) and the Professional Association
of Geologists of the Amazon (APGAM)."
The formal issuance of the LP is now in the hands of SEMAS, who will publish the formal approval in the
State of Pará gazette at
www.ioepa.com.br
. TriStar is not aware of any specific risks to the formal
issuance of the LP, but neither are there any guarantees.
The development of the project, including future commitments detailed through our permitting activities
are all aimed at unlocking shareholder value.
However, project development goes hand in hand with our
voluntary work in the local region, this is all focused on sustainable development that can have a lasting
positive impact on the people that we share this beautiful part of Brazil with.
Figure 1 Rosangela Pontara presenting the benefits of CDS to COEMA Board members.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4509/212713_07e28605a43eaa98_002full.jpg
Figure 2, Fernanda Bretas presenting the technical aspects of CDS.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4509/212713_07e28605a43eaa98_003full.jpg
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 anticipated official receipt of the LP permit. 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/212713