2018 Drilling Starts at TriStar Gold's Castelo de Sonhos Project
SCOTTSDALE, Ariz., March 12, 2018 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (the “Company” or “TriStar”) (TSX-V:TSG) is pleased to announce that the 2018 drilling campaign has started at its Castelo de Sonhos (“CDS”) gold project in Pará State, Brazil, with a core rig now drilling at CDS and an RC rig to start next week This is the beginning of several months of drilling aimed at extending the known mineralization into new areas with the goal being to increase the mineral resources.
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Mr. Nick Appleyard, President and CEO, commented: “This year’s work on Castelo de Sonhos is aimed at building on the substantial resource base that we announced last year. The areas we have targeted for drilling include filling in gaps and extending the drill-tested areas at Esperança South and Central, as well as the first really detailed campaign at Esperança East. With our drill program last year, we achieved a very large increase in resources; now we are again aggressively putting investor money to work to advance the project.”
The initial RC holes in this program will fill in some gaps at Esperança Central before moving to Esperança South. The man-portable core rig will drill the northern extension of Esperança South where the RC rig is too large to access. Figure 1, shows the main drill targets for this initial 2018 campaign.
About TriStar:
TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have 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. Further information is available at www.tristargold.com.
For further information, please contact:
TriStar Gold Inc.
Nick Appleyard
President and CEO
480-794-1244
info@tristargold.com
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, the scope and success of the planned exploration program at the Castelo de Sonhos project and the Company's opinion that it has clear title to the Castelo de Sonhos property 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; 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.
A figure accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4d8a3f8e-7b3e-4d88-b092-353bdac632b0