Welcome!

News Feed Item

Extension of Castelo De Sonhos Continues to Show Higher Grades

TBD--(Marketwired - November 30, 2016) - Results have been received from two additional step-out holes at the Castelo de Sonhos gold project of TriStar Gold Inc. (the "Company" or "TriStar") (TSX VENTURE: TSG) confirming that gold mineralization, as predicted by the Exploration Target published in March of this year, now extends at least 1.6 kilometers to the southwest beyond the resource area defined by TriStar in its 2014 Technical Report.

Table 1 below shows the significant intervals for all complete drill holes received to date. Samples from the remaining four drill holes from Esperança South were recently shipped to the laboratory and assay results are expected in mid-December. Both drill rigs have now moved to Esperança Central and are drilling to the north of the current resource area.

                                                                            
                           Thickness and gold                       Grade x 
        Hole ID                  grade           Downhole depth   Thickness 
----------------------------------------------------------------------------
       CSH-16-144          3.10 m @ 3.90 g/t    121.80 ‒ 124.90 m  12.1 gm/t
----------------------------------------------------------------------------
       CSH-16-145          3.90 m @ 0.70 g/t     12.70 ‒ 16.60 m            
                                                                            
                           1.85 m @ 1.10 g/t    163.40 ‒ 165.25 m           
                           2.00 m @ 4.96 g/t    177.20 ‒ 179.20 m           
                        ----------------------------------------------------
                        Total: 7.75m @ 1.89 g/t                    14.7 gm/t
----------------------------------------------------------------------------
       CSH-16-146          2.10 m @ 7.51 g/t    144.90 ‒ 147.00 m  15.8 gm/t
----------------------------------------------------------------------------
       CSH-16-147          1.80 m @ 0.63 g/t     65.10 ‒ 66.90 m            
                                                                            
                           4.10 m @ 3.68 g/t    182.30 ‒ 186.40 m           
                        ----------------------------------------------------
                        Total: 5.90m @ 2.75 g/t                    16.2 gm/t
----------------------------------------------------------------------------
      2016 Southwestern                                                     
     extension average:    4.71 m @ 3.12 g/t                       14.7 gm/t
----------------------------------------------------------------------------
     2014 resource area                                                     
               average:    4.14 m @ 2.43 g/t                       10.1 gm/t
----------------------------------------------------------------------------
                                                                            

Table 1. Significant gold intervals in first four holes on southwestern extension of Esperança South (holes CSH-16-144/145 were previously released). Drill holes were drilled towards an azimuth of 140 degrees, with a dip of 55 degrees. The downhole intersections are approximately true width of the mineralization.

Mr. Nick Appleyard, TriStar's President and CEO, commented: "The results from the first four drill holes at Esperança South are exceeding our expectations, and are all significantly higher than the average drill results that were used for the 2014 resource estimate. Castelo de Sonhos maintains its record that every single drill hole that intersects at least half of the conglomerate has significant intervals of gold mineralization. The conglomerate continues to appear to be pervasively mineralized."

Figure 1 to the right shows the current drill program on the south west limb of the Castelo de Sonhos deposit. The drill-tested strike of mineralization has now been extended by approximately 1.6 km, and the grades and thicknesses encountered are superior to those seen in the drill holes used for the 2014 mineral resource estimate.

Infill drilling will be required to calculate a new resource estimate, it is anticipated that this drilling will be done early in 2017 using Reverse Circulation (RC). The RC drilling offers several advantages with the most important being a much larger sample, which should improve grade analysis. The other advantages of RC drilling are lower cost and faster drilling as compared to core drilling. Following the completion of the new resource the Company anticipates publishing a Preliminary Economic Assessment (scoping study) in the third quarter of 2017.

In December, a test program of petro-physical logging will be conducted on the 2016 drill holes. The logging will include an image of the inside of the drill hole, as well as gamma, resistivity, magnetic susceptibility and acoustic velocity all of which are commonly used by the oil industry for interpreting sedimentary basins, which we believe will aid in the understanding and modeling of CDS and its paleo-placer origin.

Sample analysis procedures and QA/QC protocols

Sample preparation and analytical work for the Castelo de Sonhos drilling program were carried out by SGS Geosol in Parauapebas, Para State (sample preparation) and Belo Horizonte, Minas Gerais (analysis), an ISO 9001:2008 and 14001:2004 certified laboratory which employs industry-standard analytical methods. As part of TriStar´s QA/QC protocol, standard samples and blanks were inserted into the sample processing stream at a rate of one per 10 samples. Duplicate and alternate laboratory check samples also form part of this sampling protocol.

TriStar's Vice-President, R. Mohan Srivastava (P.Geo.), is the QP for this press release and has prepared or supervised the preparation of the scientific or technical information in this press release.

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.

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.

Image Available: http://www.marketwire.com/library/MwGo/2016/11/30/11G123733/Images/PR_CDS_drilling_Dec2016_Fig01-62b8cff7e7fea67ba805dd4cdc2a4bf7.jpg

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...