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TriStar Gold Inc.
Summary
| Project: | Castelo de Sonhos | |
|---|---|---|
| Deposit: | Esperanca South, Esperanca Center | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 7/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 12-7-2017: TriStar Gold Inc. announces an Exploration/Drilling Update report for its Esperanca South, Esperanca Center deposit at the Castelo de Sonhos project. Drilling results incl. 27m @ 2.5g/t Au from 58m. SCOTTSDALE, AZ--(Marketwired - July 12, 2017) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: R. Mohan Srivastava (Internal) | |
| ABSTRACT: | SCOTTSDALE, AZ--(Marketwired - July 12, 2017) - The first assay results are now available from the reverse circulation (RC) drilling program at the Castelo de Sonhos (CDS) gold project of TriStar Gold Inc. (TSX VENTURE: TSG) (the "Company" or "TriStar"). This RC drilling program began in May when the first RC rig arrived at site and is now being handled by three rigs, the last of which arrived at site in June. To date a total of 60 holes have been completed for 7,013 m; assay results are now available from 24 holes for 2,747 m. Drilling is expected to continue until we have approximately 15,000 m complete, at which point an updated resource estimate will be calculated and used as the basis for the project's first preliminary economic assessment (PEA). "We're excited to see CDS moving forward," says Nick Appleyard, TriStar's President and CEO, "the three twin holes have demonstrated to us the benefits of combining low-cost RC drilling with high-value optical televiewer imaging and petrophysical logging to replace expensive core drilling. The first assay results from the in-fill RC holes are consistent with what we saw in the large step-out holes last fall; so, we're looking forward to publishing a PEA later this year that demonstrates our continued belief that this project meets our corporate objectives." Figure 1 shows the location of the 60 new RC holes that have been completed in the Esperança South and Center regions of the project. All RC holes are vertical, and drilled to a target depth of 120m. A few holes were terminated short of their 120m target due to local conditions; any hole that reaches less than half of its target length is deemed to be abandoned prematurely, and will be redrilled. Three of the new RC holes are closely-spaced twins of previous core drill holes, drilled to provide data on the reliability of analytical data from RC chips. | |
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