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TriStar Gold Announces Updated Mineral Resource Estimate for Castelo de Sonhos Gold Project
SCOTTSDALE, Ariz., Dec. 04, 2017 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (TSXV:TSG) (the “Company” or “TriStar”) has completed an updated mineral resource estimat
About this update from Tristar Gold Inc.
[{"type":"text","content":"SCOTTSDALE, Ariz., Dec. 04, 2017 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (TSXV:TSG) (the “Company” or “TriStar”) has completed an updated mineral resource estimate for the Castelo de Sonhos gold project using all available data, including assays from the 37 drill holes that were not available for the September 18, 2017 resource estimation. Key highlights are: Mineral resource (0.4 g/t cut-off) of • Indicated • 8.9 million tonnes, • at 1.8 g/t, • containing 0.5 million ounces of gold • Inferred • 26.3 million tonnes, • at 1.2 g/t, • containing 1.0 million ounces of gold Substantial amounts of Esperança Central and South still untested Esperança East and West will be drill tested in 2018 “The resource is growing as anticipated and continues to validate the predictions of the exploration target range. We look forward to drilling in 2018 aimed at further expanding the resource and supplying all the data necessary for the scoping study,” says Nick Appleyard, TriStar’s President and CEO, “CDS continues to deliver and the resource has grown by over 400% in the last 18 months, and now our confidence levels are growing as well. We are particularly pleased with the strong grade of the Indicated resources, at 1.8 g/t, which is due to our ability to use petrophysics and televiewer to identify marker horizons that establish continuity between our 50m drill holes.” Table 1. Mineral resource estimate1 for the Castelo de Sonhos gold project (with an effective date of December 4, 2017) above a reporting cutoff 2 of 0.4 g/t Au. Region Resource Category Tonnage(Mt) Grade(g/t Au) Metal Content3(Moz Au) Esperança South Indicated 8.9 1.8 0.5 Inferred 14.9 1.2 0.6 Esperança Center Indicated 0 0 0 Inferred 11.3 1.0 0.4 Project Total Indicated 8.9 1.8 0.5 Inferred 26.2 1.2 1.0 1Numbers have been rounded to reflect the precision of Inferred and Indicated mineral resource estimates.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 pr...