Business
TriStar Drilling Update, Goldspot Work and Directors Exercise Options
Scottsdale, Arizona--(Newsfile Corp. - February 6, 2020) - TriStar Gold Inc. (TSXV: TSG) (OTCQ...
About this update from Tristar Gold Inc.
[{"type":"text","content":"TriStar Drilling Update, Goldspot Work and Directors Exercise OptionsScottsdale, Arizona--(Newsfile Corp. - February 6, 2020) - TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (\"the Company\" or \"TriStar\") is pleased to announce that drilling for the pre-feasibility study is advancing well with results including 4m @ 10.8 g/t gold in hole RC-19-383 (46m to 50m downhole) as targeted, highlighting the continuity and predictability of the system. GoldSpot Discoveries Corp. are making good progress on their gold target generation work and two directors of TriStar have exercised a total of 2.8 million employee stock options at prices of C$0.18 and C$0.20, adding $C534,000 to the treasury.\"Results from the pre-feasibility drilling program continue to be positive and are confirming our understanding of the continuity of this large gold system. Drilling is expected to continue through March with results expected in the second quarter of 2020\" stated Mr. Nick Appleyard, TriStar's President and CEO. He added, \"Our work with GoldSpot has already identified machine learning algorithms that will be tested using the wide range of data available at Castelo de Sonhos to help establish new drilling targets. Of particular interest, will be the deeper targets that will help test the theory of gold enrichment along the contact between the underlying granite and the conglomerate\". Pre-feasibility DrillingIn January 2020, results from 10 RC drill holes from the in-fill program were received. All of which contained significant gold intersections. Some highlights include:Hole RC-19-383, 4m @ 10.8 g/t, from 46 to 50m downholeRC-19-387, 15m @ 0.8 g/t, from 13 to 28m and 20m @ 0.6 g/t from 42 to 62mRC-19-388, 15m @ 1.1 g/t, from 36 to 51mRC-19-390, 3m @ 1.1 g/t, from 10 to 13m and 4m @ 1.6 g/t from 68 to 72mRC-19-391, 9m @ 1.5 g/t, from 105 to 114mA complete table of all significant intervals along with a set of cross sections is available on our CDS project webpage. All recent holes are drilled vertically with most having a target depth of 120m. True widths of the mineralized intersections are approximately 90% of the indicated drill length. The RC program is expected to be about 20,000m in total and to date we have completed 106 holes for a total of 11,783m.Figure 1, RC drill holes that returned assay results in January 2020. Shown is Esperança...