TriStar Gold Metallurgical Results and Corporate Update
TriStar Gold Metallurgical Results and
Corporate Update
Scottsdale, Arizona--(Newsfile Corp. - July 23, 2020) -
TriStar Gold Inc.
(TSXV: TSG) (OTCQB:
TSGZF) (the Company or TriStar) is pleased to announce the receipt of results from six composite
metallurgical samples as part of the prefeasibility study at Castelo de Sonhos.
All six bottle roll tests
returned over 96% gold recovery with an average gold recovery from the samples of 98%.
Additionally,
exploration work is due to restart at Castelo de Sonhos in August with drilling expected to start soon
after in September.
"The metallurgical results from this campaign all exceed the conceptual recovery of 95% used in our
PEA. We are very happy the results that will feed into our prefeasibility study continue to meet or exceed
the expectations set by the PEA," says Nick Appleyard, TriStar's President and CEO.
"Our team in
Brazil is now keen to get back into the field and start working aggressively on the exploration programs
that we have been working on these past couple of months. We have identified multiple drill targets for
both shallow paleoplacer-hosted mineralization and deeper remobilized mineralization that are now
being refined into a plan for drilling and additional surface reconnaissance studies."
Metallurgical Test Results
The metallurgical test-work was performed by McClelland Laboratories in Sparks, Nevada on six
composite samples created from drill holes in Esperança South region of Castelo de Sonhos with head
grades ranging from 0.3 g/t gold up to 1.1 g/t gold.
Results from the six composites are:
Composite ID
Gold Recovery %
Calculated Head Grade g/t
Composite 1
96.3
0.27
Composite 2
98.5
0.68
Composite 3
98.7
0.77
Composite 4
97.8
0.91
Composite 5
97.8
0.90
Composite 6
99.1
1.06
Table 1 - 2020 Summary of metallurgical results from Whole Ore Bottle Roll Tests using 80%-105µm
feed size from Castelo De Sonhos Composites
This gives TriStar a very good database of test work covering Esperança South that will be used in the
ongoing prefeasibility study.
Final metallurgical recovery for the project will be determined during the pit
design process, where a grade-recovery relationship will most likely be used to determine optimal
project conditions for operating.
Additional work is ongoing to establish standard operating procedures
for crushing and grinding, overall gold recovery and tailings disposal.
Figure 1 - Graph of gold recovery versus head grade for the three metallurgical testing campaigns
at
Castelo de Sonhos at both 80% passing 105µm and 150µm feed size
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4509/60345_3a6e2a0104d7cb82_002full.jpg
Exploration Activities
The exploration work outside of the prefeasibility area is scheduled to begin in August, with TriStar
geologists reviewing and optimizing the artificial intelligence-generated targets. Field exploration
activities to gather additional data such as soil sampling and mapping will also take place.
It is
anticipated that drilling will start on the exploration targets in September this year with both a reverse
circulation and a core rig scheduled to mobilize to site.
In general, the RC rig will test the shallow targets
with straightforward access and the core rig will be used for the deeper targets and areas with difficult
access.
QA/QC
The McClelland Analytical Services Laboratory based in Sparks Nevada is an ISO 17025 accredited
facility that provides quantitative chemical analyses in support of metallurgical, exploration and
environmental testing using classical methods and modern analytical instrumentation.
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, including data verification, 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 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 are listed 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
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/60345