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Strong Results Accelerate TriStar Gold’s Castelo De Sonhos Project, Preliminary Economic Assessment Begins
SCOTTSDALE, Ariz., July 11, 2018 (GLOBE NEWSWIRE) -- The most recent batches of assays from drilling at the Castelo de Sonhos (CDS) gold project of TriStar Gold
About this update from Tristar Gold Inc.
[{"type":"text","content":" SCOTTSDALE, Ariz., July 11, 2018 (GLOBE NEWSWIRE) -- The most recent batches of assays from drilling at the Castelo de Sonhos (CDS) gold project of TriStar Gold Inc. (TSX.V:TSG) (the “Company” or “TriStar”) have accelerated the project’s development schedule; these include: 23m @ 1.19 g/t from 64-87m in RC-18-324 at Esperança South (Figure 1), including - 6m at 2.20 g/t from 64-70m - 3m at 3.24 g/t from 80-83m 19m @ 0.50 g/t from 36-55m in RC-18-322 at Esperança East 5m @ 5.06 g/t from 62-67m in RC-18-322 at Esperança East, including - 1m at 23.14 g/t from 62-63m 8m @ 1.14 g/t from 5-13m in CSH-18-293 at Esperança South, including - 3m at 2.54 g/t from 10-13m With all holes drilled vertically, and reefs dipping at 20° to 30°, true widths are approximately 90% of the downhole intersection lengths. “Frankly, we didn’t expect to be at this point this soon,” said Nicholas Appleyard, President/CEO of TriStar. “Two years ago, we published the science and data analysis that gave us confidence that CDS warranted development, and we undertook drilling programs to expand the mineral resource to the point where a preliminary economic assessment (PEA) would evaluate the potential profitability of an open-pit mine. We expected to be moving to a PEA near the end of 2018, but our evaluation of Q2 drilling results convinces us to launch the PEA now, ahead of schedule.” Requests for proposals have now been sent to a short-list of engineering companies for the completion of an updated mineral resource estimate in Q3, a PEA in Q4, and the associated independent 43-101 technical reports. Drilling All assays have now been received for the 34 reverse circulation holes (3,972m) and 8 core holes (960m), drilled so far in 2018 (see Figure 1). Of the ten holes in the final batch of assays, all had well-mineralized significant intersections, and nine had multiple significant intersections. In three of the holes, the total thickness of the significant intervals exceeded 20m. These results exceed expectations and add confidence to the geological understanding of CDS. The tabulation of drilling results maintained by the Company on its website here has been updated to provide all information available to date on drill hole locations and significant intervals. Figure 1. Mineralized conglomerate targets ide...