HOUSTON, TX - TriStar Gold Inc. (the Company) is pleased to announce that the company has started its drilling campaign as well as an airborne geophysical survey at its 100% owned Castelo de Sonhos property in Southwestern Pará State, Brazil.
The first phase of the drilling campaign, to be performed by Layne-Christensen do Brasil Ltda., will comprise a minimum of 5,000 meters of core drilling, to cover the two main targets at Castelo de Sonhos project, the Esperança Center and Esperança South geochemical anomalies. Drilling at Esperança Center started with one drill rig in the first week of September. A second drill rig is scheduled to start drilling at Esperança South in the second half of September.
An airborne geophysical survey (magnetometry and radiometry), is being performed by FugroLasa Brasil, which will cover a total of 7,019 linear kilometers in two contiguous blocks covering the entire mineral rights area. The main block covers the Castelo de Sonhos plateau with flight lines spaced 100 meters apart for a total of 5,228 linear kilometers. The second block covers the remaining eastern area with flight lines spaced 200 meters apart for a total of 1,791 linear kilometers. The surveys will be flown at an elevation of 100 meters.
TriStar’s soil geochemistry sampling program for the Esperança South target has confirmed the previous results obtained by Barrick Gold in 1995-1996 as did the program conducted at Esperança Center (See New Release dated August 9, 2011). The TriStar soil sampling programs are designed to cover and fill in both Esperança targets and to extend sampling to areas not previously sampled. As in the two targets the main anomalies run in the same North-South trend, the sampling lines run East-West, on 100 meter centers (Barrick’s sampling was centered at 200 meters) and samples were collected every 50 meters.
As for Esperança Center, the preparation method was to sieve the samples at 230# and for the analysis the method was Fire Assay with Atomic Absorption finishing in 50 g aliquot.
Acme Laboratories performed the preparation and analysis of all samples, executing the preparation in Itaituba-Pará, at its local preparation facility and the analysis in Santiago,Chile. Approximately 5% of the samples consist of QA/QC samples inserted by Tristar into the batches, as two types of standards, blanks and duplicates. Satisfactory results were obtained for all tests.
Of a total of 1,422 soil samples at Esperança South, 526 samples (37%) returned assays equal to or higher than 100 ppb (parts per billion) gold and 187 samples (13%) returned assays higher than 250 ppb gold. The average gold value was 121 ppb and the maximum gold assay was 1,384 ppb (1.38 grams per tonne). The 100 ppb gold curve defined two main anomalies. One anomaly, very continuous and consistent, is 2,000 meters long by 800 meters wide, striking in a NNW direction and the other, less continuous, is 3,000 meters long by 400 meters wide, striking in a NE direction. On a combined basis, the anomalies at Esperança South and Esperança Center have a total length of 7,500 meters.
Mark E. Jones, President and CEO of TriStar stated, “Our sampling program has now confirmed the presence of two large anomalies at Esperanca South: one at 2,000 by 800 meters and the other at 3,000 by 400 meters. These two anomalies are in addition to the main anomaly at Esperança Center, announced on August 9, 2011. Our sampling has also confirmed the previous work conducted by Barrick. With drilling now underway, we will provide additional updates of results as they become available”.
Mr. Rodrigo Mello, a qualified person as defined in NI 43-101, has read and approved the technical portions of this release.
TriStar Gold is a well-financed gold exploration company focused on high-potential properties in Brazil. In addition to Castelo de Sonhos, TriStar holds exploration projects in the Tapajós district known as the Bom Jardim and the Andorinhas Property. The Company’s shares are listed on the TSX Venture Exchange under the symbol TSG-V. Further information is available at www.Tristarau.com
For further information, please contact:
TriStar Gold Inc.
Mark E. Jones, III
Chairman and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbour" provisions under the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forwardlooking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the company’s projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.