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TriStar Gold Inc.
Summary
| Project: | Castelo de Sonhos | |
|---|---|---|
| Deposit: | Castelo de Sonhos | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 11-7-2018: TriStar Gold Inc. announces an Exploration/Drilling Update report for its Castelo de Sonhos deposit at the Castelo de Sonhos project. Drillnig results incl. 23m @ 1.19g/t Au from 64m. (Scottsdale, AZ) The most recent batches of assays from dril | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: R. Mohan Srivastava (Internal) | |
| ABSTRACT: | (Scottsdale, AZ) The most recent batches of assays from drilling at the Castelo de Sonhos (CDS) gold project of TriStar Gold Inc. (the “Company” or “TriStar”) have accelerated the project’s development schedule. With all holes drilled vertically, and reefs dipping at 20 to 30, true widths are approximately 90% of the downhole intersection lengths. “Frankly, we didn’t expect to be at this point this soon,” said Nicholas Appleyard, President/CEO of TriStar. “Two years ago, we published the science and data analysis that gave us confidence that CDS warranted development, and we undertook drilling programs to expand the mineral resource to the point where a preliminary economic assessment (PEA) would evaluate the potential profitability of an open-pit mine. We expected to be moving to a PEA near the end of 2018, but our evaluation of Q2 drilling results convinces us to launch the PEA now, ahead of schedule.” Requests for proposals have now been sent to a short-list of engineering companies for the completion of an updated mineral resource estimate in Q3, a PEA in Q4, and the associated independent 43-101 technical reports. All assays have now been received for the 34 reverse circulation holes (3,972m) and 8 core holes (960m), drilled so far in 2018 (see Figure 1). Of the ten holes in the final batch of assays, all had well-mineralized significant intersections, and nine had multiple significant intersections. In three of the holes, the total thickness of the significant intervals exceeded 20m. These results exceed expectations and add confidence to the geological understanding of CDS. | |
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