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TriStar Gold Inc.
Summary
| Project: | Castelo de Sonhos | |
|---|---|---|
| Deposit: | Esperanca South | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 1/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 6-1-2017: TriStar Gold Inc. announces an Exploration/Drilling Update report for its Esperanca South deposit at the Castelo de Sonhos project. Drilling results incl. 1.85m @ 3.28g/t Au from 21.85m. TriStar Gold Inc. (the “Company” or “TriStar”) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | TriStar Gold Inc. (the “Company” or “TriStar”) is pleased to announce that a total of 13.2 million warrants for total proceeds of C$2.05 million have been exercised since October 1, 2016. This includes warrants with expiration dates of December 21, 2016 (exercise prices of C$0.13 and C$0.20) and January 6, 2017 (exercise price of C$0.20). As at January 6, 2017, the Company has 138,353,376 common shares issued and outstanding. The Company has now received all of the assay results from new drill holes in the Esperança South area of the Castelo de Sonhos gold project. These assays confirm that gold mineralization now extends at least two kilometers to the southwest beyond the resource area defined by the Company in 2014. Mr. Nick Appleyard, TriStar’s President and CEO, commented: “The results from the Esperança South drilling have validated the exploration target model released earlier this year. We now know that in Esperança South alone the strike length of near-surface mineralization is two kilometres longer than reported in 2014. We are looking forward to continued drill results from the northern extension of Esperança Center, and incorporating these results into the PEA scheduled for 2017.” | |
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