TriStar Gold Inc. (the Company or TriStar) is pleased to announce that it has filed on Sedar a National Instrument 43-101 Technical Report (the “Report”) for the Castelo de Sonhos Gold Project in Pará State, Brazil. The Report includes the previously announced (see press release dated January 29, 2016) results of its quantitative risk assessment of the Exploration Target, 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.
The 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.
TriStar Gold will be presenting Castelo de Sonhos and the quantitative risk assessment methodology to determine the Exploration Target at the following events:
! PDAC, Exploration Insights session
o Castelo de Sonhos: Exploration concept for a Paleoproterozoic conglomerate-hosted gold deposit
o March 8 at 10:50 in Room 713
! Toronto Geological Discussion Group
o Integrating Multiple Lines of Evidence to Define the Brazilian Castelo de Sonhos Paleo-placer Gold Exploration Target Range
o April 5 at 4pm
! Geostats 2016 (Valencia, Spain)
o Castelo de sonhos: geostatistical quantification of the potential size of a paleoproterozoic conglomerate-hosted gold deposit
o September 5 - 9, 2016
For more details of any of these events, please contact the company at firstname.lastname@example.org or visit us at Booth 2152 at the PDAC.
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 State, Brazil. The Company’s shares are listed on the TSX Venture Exchange under the symbol TSG-V. Further information is available at www.tristargold.com.
For further information, please contact:
TriStar Gold Inc.
President and CEO
Neither the 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. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. 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 forward-looking 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. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward- looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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, except as required by applicable securities laws.