TriStar Gold Presents Exploration Target Range at Castelo de Sonhos

About this update from Tristar Gold Inc.

[{"type":"text","content":"TriStar Gold Presents Exploration Target Range at Castelo de Sonhos(via Thenewswire.ca)\n \n \nJanuary 29, 2016 / TheNewswire - TriStar Gold Inc. (the Company or TriStar) is pleased to present the results of its quantitative risk assessment of the Exploration Target at its Castelo de Sonhos Gold Project in Para State, Brazil ranging from 2.1 million ounces (Moz) of gold, contained in 50 million tonnes (Mt) at 1.3 g/t, to 4.3 Moz of gold, contained in 84 Mt at 1.6 g/t. \n\n \n \nThe exploration target presented in this press release is conceptual in nature since the CDS project requires further drilling and surface sampling. There is no certainty that future resource estimates for the project will achieve the exploration target reported in Table 1.\n\n \n \nExploration target\n\n\n \nThe assessment of the exploration target for Castelo de Sonhos (CDS) uses a quantitative approach that integrates the available drill hole and geological information to produce a family of equally likely scenarios that establish distributions for tonnage, grade and metal content. Following the conventional use of such distributions, the 10th percentile (P10) defines a pessimistic case and the 90th percentile (P90) defines an optimistic case. \n\n\n \nThe P10-P90 range for the exploration target at Castelo de Sonhos, rounded to reflect the inherent uncertainties, is:\n\n \n \nTable 1. Exploration target range at Castelo de Sonhos.\n\n \n\nTonnage:\n\n\n\n\n50\n\n\n\n\n-\n\n\n\n\n84 Mt\n\n\n\n\nGold Grade:\n\n\n\n\n1.3\n\n\n\n\n-\n\n\n\n\n1.6 g/t\n\n\n\n\nMetal Content:\n\n\n\n\n2.1\n\n\n\n\n-\n\n\n\n\n4.3 Moz\n\n\n \n \nThese ranges are conceptual in nature since the CDS project requires further drilling and surface sampling to validate the geological and statistical assumptions used. Although all of the technical assumptions are supported by the spatially limited current drilling and available geological data, further drilling may challenge these assumptions. There is therefore no certainty that future resource estimates for the project will achieve the exploration target reported in Table 1.\n\n\n \nTriStar management believes that, subject to the availability of funds, the Exploration Target is sufficient to warrant undertaking additional exploration activities in order to confirm the assumptions used in the Exploration Target and advance CDS towar...

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