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TriStar Gold Announces Resource Estimate for Castelo De Sonhos Gold Paleo-Placer Project
SCOTTSDALE, AZ--(Marketwired - September 18, 2017) - TriStar Gold Inc. (the "Company" or "TriStar") (TSX VENTURE: TSG) has received from CSA Global ("CSA") an i
About this update from Tristar Gold Inc.
[{"type":"text","content":"SCOTTSDALE, AZ--(Marketwired - September 18, 2017) - TriStar Gold Inc. (the \"Company\" or \"TriStar\") (TSX VENTURE: TSG) has received from CSA Global (\"CSA\") an independent mineral resource estimate for the Castelo de Sonhos gold project. Key highlights are: Inferred mineral resource (0.4 g/t cut-off) of 31 million tonnes, at 1.3 g/t, containing 1.3 million ounces of gold Results validate the exploration target range projections that have been utilized to guide drill targets Approximately 30% of the assays from the current RC program are still pending for inclusion in an updated resource estimate Substantial amounts of Esperança Central and South still untested Esperança East and West will be drill tested in 2018 Preliminary economic assessment to be based on updated resource \"We are very pleased to see the predictions of the exploration target range now being validated by hard data. This resource uses all the available data on the project, however 30% of the assays from the now completed RC program are still outstanding and we have not yet started to test Esperança West or East,\" says Nick Appleyard, TriStar's President and CEO. \"We are looking forward to updating the resource soon and completing the technical and economic studies that will support the preliminary economic assessment.\" Table 1. Mineral resource estimate1 for the Castelo de Sonhos gold project (with an effective date of September 13, 2017) above a reporting cutoff2 of 0.4 g/t Au. Region Resource Category Tonnage(Mt) Grade(g/t Au) Metal Content3(Moz Au) Esperança South Inferred 21 1.4 1.0 Esperança Center Inferred 10 0.9 0.3 Project Total Inferred 31 1.3 1.3 1Numbers have been rounded to reflect the precision of an Inferred mineral resource estimate. 2The reporting cutoff corresponds to the approximate marginal cutoff for an open pit with total operating cost (non-waste mining + processing + G&A) of $US 15.00/t, metallurgical recovery of 98% and a gold price of $US 1,200/oz. These are mineral resources and not reserves and as such do not have demonstrated economic viability. 3The metal content estimates reflect gold in situ, and do not include factors such as external dilution, mining losses and proces...