Business
Tristar Gold Corporate Update and Advisory Committee
SCOTTSDALE, Ariz., Feb. 12, 2018 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (the “Company” or “TriStar”) (TSX:TSG) is pleased to announce the formation of an advisor
About this update from Tristar Gold Inc.
[{"type":"text","content":"SCOTTSDALE, Ariz., Feb. 12, 2018 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (the “Company” or “TriStar”) (TSX:TSG) is pleased to announce the formation of an advisory committee. The team is comprised of Dr. Rael Lipson, Dr. Martin Williams and Mr. Stephen Kay. “It is a pleasure and an honour for us at TriStar to welcome Rael, Martin and Steve to our advisory committee,” says Nick Appleyard, TriStar’s President and CEO, “together they bring such a great depth and breadth of industry knowledge that complements the experienced management team and board at TriStar.” Dr. Rael Lipson was the chief geologist for Gold Fields South Africa and is now a consultant as well as adjunct faculty at the Colorado School of Mines. Mr. Stephen Kay, now retired, is a geologist and was the CEO and President of International Minerals Corp. for over 20 years, his experience includes involvement from discovery through project development and financing of gold and silver deposits, predominantly in South America. Dr. Martin Williams is a Chief Advisor - Geochemistry with Piteau Associates and has experience providing advice on mine water management issues to most of the world’s major mining corporations. In connection with his appointment to the committee Mr. Kay has been granted 100,000 stock options. The options may be exercised at a price of Can $0.28 per common share. The grant of the options remains subject to the approval of the TSX Venture Exchange. Corporate Update On January 25, 2018 TriStar announced the closing of a private placement for gross proceeds of Can $ 2.86 million. TriStar intends to use these funds for general corporate purposes and to advance the Castelo de Sonhos (CDS) project. In order to advance Castelo de Sonhos two drill rigs are being mobilized to site. A reverse circulation (RC) rig that will drill approximately 4,000m and a small portable core rig that will drill approximately 1,000m. The aim of the drill program will be to increase the resource base at CDS with the portable core rig drilling in locations that are hard to access for the large RC rig. About TriStar: TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have potential to become significant producing mines. The Company’s current flagship property is Castelo de Sonhos in Pará St...