TriStar Gold Inc. (the Company) has received the results for the
final twenty seven holes completed in the second phase diamond
drilling program at the Company’s 100% owned Castelo de Sonhos Gold
Project in the Tapajos region of Para state, Brazil. Results
received relate to infill and step-out drilling at the Esperança
South and Esperança Center targets, additional drilling at the
Esperança East target and first time drilling at the Esperança West
target.
The latest results confirm and expand the mineralization at
Esperança South to a strike length of 2,700 meters; enhance the
prior results and define an open ended mineralized zone of 1,000
meters at Esperança Center; provide encouragement at Esperança East
and identify gold mineralization in the first hole drilled at
Esperança West target.
The second phase of drilling at Castelo de Sonhos started with
two drill rigs on July 17th and was completed on November 25th
2012. Results are now complete for all sixty (60) holes drilled in
2012 in a program with a total of 6,440.40 meters. TriStar has now
drilled a total of 12,103.05 meters in 93 core holes at Castelo de
Sonhos.
The table below shows the most significant intercepts for the
final twenty seven holes.
Esperança South Target Hole Intercept (Au)
From (m) To (m) Final Depth (m) CSH-78
1.50 m at 1.05 g/t
100.00 101.50 103.00 CSH-80 4.00 m at
0.62 g/t
6.00 m at 1.71 g/t
29.00
51.00
33.00
57.00
82.80 CSH-81 4.00 m at 4.63 g/t 98.00
102.00 122.70 CSH-83
Including
and
16.00 m at 2.95 g/t
4.00 m at 4.87 g/t
4.50 m at 5.49 g/t
54.50
56.00
66.00
70.50
60.00
70.50
82.50 CSH-85 4.00 m at 3.34 g/t 53.00
57.00 101.65 CSH-86 1.60 m at 1.25 g/t 14.00
15.60 15.60 CSH-87 3.00 m at 1.03 g/t
0.00 3.00 15.65 CSH-88 12.70 m at 0.30 g/t
1.30 14.00 15.15
Esperança Center
Target Hole Intercept (Au) From (m) To (m)
Final Depth (m) CSH-70 2.00 m at 1.62 g/t
62.00 64.00 100.90 CSH-71
11.00 m at 0.58 g/t
2.00 m at 1.50 g/t
2.00 m at 1.52 g/t
52.00
87.00
109.00
63.00
89.00
111.00
152.55 CSH-72 8.00 m at 0.49 g/t
2.00 m at 2.81 g/t
33.00
76.00
41.00
78.00
102.50 CSH-73 2.00 m at 1.01 g/t 106.00
108.00 123.15 CSH-74 2.00 m at 2.29 g/t
8.00 m at 1.03 g/t
173.00
183.00
175.00
191.00
202.50 CSH-75 2.00 m at 4.69 g/t
12.00 m at 2.32 g/t
53.00
120.00
55.00
132.00
151.40 CSH-77 2.00 m at 1.03 g/t
2.00 m at 0.70 g/t
30.00
42.00
32.00
44.00
101.65
Esperança East Target CSH-84 2.00 m at
3.12 g/t 89.00 91.00 125.10
Esperança West
Target CSH-92 2.10 m at 4.92 g/t 17.50
19.60 317.95
All holes were drilled inclined between 45 to 55 degrees of the
horizontal and were planned to intercept mineralization at right
angles.
The principal goals for the second phase drilling at the
Esperança South and Esperança Center targets were to add more drill
holes in previously drilled sections and fill in and extend the
drilling grid in these targets. The drill holes at Esperança East
and Esperança West were the first investigative holes in these
targets.
At Esperança South, the results confirm and expand the results
of the previous holes drilled in this target. Holes CSH-81, CSH-83
and CSH-85, located in the southern portion of Esperança South
confirm and enhance the mineralization in that part of the target.
Mineralization at Esperança South is still open to the South and to
the North, where the mineralization has now a strike length of
2,700 meters inside a soil geochemistry anomaly which extends for
over 5,500 meters.
At Esperança Center, the current results enhance the previous
drilling results and a mineralized zone of approximately 1,000
meters long has now been defined at this target. The strong
geochemical anomaly continuous further north for at least another
1,500 meters and further drilling will be planned for this
area.
At Esperança East, the initial results are encouraging and
additional drilling will be planned in this target. Also, as the
first drill hole was positive at Esperança West, additional
drilling will be planned in this target as well.
In addition to further drilling in 2013 TriStar plans to conduct
preliminary metallurgical testing and engage technical consultants
to determine the steps to be taken to enable the Company to
calculate a resource estimate.
“These drilling results keep confirming and expanding the
previous results at Esperança South and are also confirming and
enhancing the results at Esperança Center. At both targets, the
mineralization is still wide open to the South and to the North. It
is now quite clear that given the size of the soil geochemistry
anomalies and the widespread zones of gold mineralization
encountered in all targets in almost all drill holes at Castelo de
Sonhos that we may be dealing with something really significant.
Therefore, more work and drilling is needed in all these targets
within the outline of the strong soil anomalies,” Vice President of
Exploration Elton Pereira said.
Mark E Jones III, President and CEO of TriStar stated, “The 2012
drilling campaign was very successful. There appears to be a close
correlation between the anomalous surface areas and the mineralized
zones encountered by the drilling. As only a portion of the
anomalous areas have been drilled we intend to continue to
aggressively explore these areas. Mineralization continues at
Castelo de Sonhos, expanding into a project which appears to have
significant size. The upside of the system remains open for several
linear kilometers and the geological setting seems to be very
similar to Jacobina or Tarkwa and has a favorable
infrastructure. We will continue our efforts to expand the project
in 2013.”
Sampling Procedures
The recovered HQ and NQ size cores were split in half by a
standard rock saw. One-half was sent to the laboratory in intervals
not greater than 2 meters length and cut depending on geologic
parameters. The remaining half-core was stored on site. The samples
were bagged in batches of forty (40) samples and sent from the
project site to the city of Parauapebas (Carajás), where SGS-Geosol
Labs has a sample prep facility.
All samples were dried at 60°C, 100% crushed to 95% minus 2mm
and homogenized.
For those samples in which visible gold were not identified, a
split of 250-300g aliquot was taken and pulverized to 95% minus 150
mesh, from where a new split of 50g aliquot was taken to be
analyzed by fire assay/atomic absorption.
For those samples in which visible gold was identified, to
minimize the nugget effect, a minimum of 1 Kg was pulverized to 95%
minus 150 mesh and sieved in a 150 mesh sieve. The oversize was
weighed and analyzed by fire assay/atomic absorption. The undersize
was weighed, homogenized and two aliquots of 50g were split to be
analyzed by fire assay/atomic absorption. Balance between weights
and assays of the oversize and undersize resulted in sample’s final
assay.
For both types of preparation, the pulps were airfreighted to be
assayed at SGS-Geosol lab in Vespasiano, Minas Gerais state. In
addition to the laboratory quality control, TriStar has added its
own certified standard check samples each 10 samples.
Mr. Rodrigo Mello, FAusIMM, a qualified person as defined in NI
43-101, has read and approved the technical portions of this
release.
About TriStar:
TriStar Gold is a well-financed gold exploration company focused
on high-potential properties in Brazil. In addition to Castelo de
Sonhos, TriStar holds another exploration project in the Tapajós
district known as the Bom Jardim Property. The Company’s shares are
listed on the TSX Venture Exchange under the symbol TSG-V. Further
information is available at www.tristarau.com
Neither 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. 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. 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.
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