TriStar Reports: Additional Diamond Drilling Outlines a 1,400 Meter Long Mineralized Zone at Castelo de Sonhos Project.
April 9, 2012
Houston, TX – TriStar Gold Inc. (the Company) is pleased to announce additional results now available from its initial 33-hole, 5,662-meter drilling campaign at the Company’s Castelo de Sonhos Gold Project in the Tapajos region of Para state, Brazil. These results refer to eight (8) new holes as well as two (2) holes for which partial results were previously announced. Results for one remaining hole are still pending.
With the completion of this first drilling phase, TriStar has drilled thirty three (33) holes for a total of 5,662.65 meters on three separate targets. Eighteen holes (2,145.05 meters) were located at Esperança South target to investigate a large (5,000 meters by 200 to 800 meters) soil anomaly along with a coincident 3,200 meter long zone of open cuts worked by local garimpeiros (artisanal miners), fourteen holes (3,013.40 meters) were located at Esperança Center target to investigate another large soil anomaly (2,500 meters by 800 meters) and one hole (504.20 meters), was located to investigate an airborne geophysical anomaly located at the western portion of the Esperança Center hill. Results from this hole are not yet available.
The table below shows the most significant results for the ten holes being announced. All of these holes were drilled inclined from 45 to 55 degrees with the horizontal and were planned to intercept mineralized layers at right angles. For hole 28, results are not available yet. Hole 33, was abandoned due to technical problems without reaching the targeted mineralized zone.
(1) Previously announced.
“With results now available for 32 holes, we can state that our mineralized intercepts, hosted in proterozoic conglomerates, are very similar to those encountered at comparable gold deposits also associated with proterozoic conglomerates, like Jacobina in Northeastern Brazil and Tarkwa in Ghana (Western Africa). At Esperança South, out of 18 holes, 14 positive holes outline a mineralized zone with a length of 1,400 meters along strike and considering the results of hole 32, which is located 600 meters more to the North, this zone may possibly be extended to 2,000 meters. Also, the occurrence of high grade intercepts may represent a potential upside at Castelo de Sonhos. Our next drilling phases will aim not only to extend the mineralized zones along strike and dip at Esperança South, but also to identify new mineralized zones at all targets” Vice President of Exploration Elton Pereira said.
Mark E Jones III, President and CEO of TriStar stated: “We are very pleased to have completed this successful drilling campaign. The TriStar team is excited to be working in a geological setting similar to some of the world's largest and more historic mines. This successful beginning is encouraging for our ensuing drilling program as the company works to build its resource base.”
For reference, the following table shows the drilling results previously announced on February 27, 2012.
|Esperança South Target|
|Hole||Intercept (Au)||From (m)||To (m)||Final Depth (m)|
|CSH-03||8.00 m at 2.15 g/t||76.00||84.00||159.95|
2.00 m at 1.32 g/t
4.00 m at 1.27 g/t
|CSH-08||6.00 m at 1.94 g/t||28.00||34.00||143.00|
2.00 m at 1.03 g/t
6.00 m at 1.07 g/t
|CSH-11||4.00 m at 1.16 g/t||67.00||71.00||120.10|
4.00 m at 10.14 g/t
2.00 m at 2.39 g/t
|CSH-16||2.00 m at 2.65 g/t||111.00||113.00||120.40|
|CSH-18||1.75 m at 1.79 g/t||79.00||80.75||121.10|
|CSH-20||2.00 m at 1.39 g/t||14.00||16.00||120.00|
|CSH-21||12.50 m at 1.05 g/t||35.50||48.00||120.00|
2.00 m at 2.41 g/t
11.00 m at 2.34 g/t
|Esperança Center Target|
|Hole||Intercept (Au)||From (m)||To (m)||Final Depth (m)|
|CSH-01||2.00 m at 3.73 g/t||50.15||52.15||266.80|
|CSH-02||1.00 m at 10.62 g/t||4.00||5.00||432.40|
5.00 m at 2.79 g/t
1.00 m at 2.55 g/t
|CSH-06||2.00 m at 2.45 g/t||60.00||62.00||323.00|
|CSH-19||6.00 m at 1.28 g/t||107.00||113.00||194.10|
2.00 m at 1.28 g/t
2.00 m at 1.75 g/t
For holes 01 to 16 and 18, the recovered HQ and NQ size cores were split in half by a standard rock saw. One-half was sent to the laboratory in intervals not greater than 2 meters length and cut depending on geologic parameters. The remaining half-core was stored on site. The samples were bagged in lots of forty (40) samples and sent from the project site to Itaituba, where ACME Labs has a sample prep facility. Samples were dried at 60C, 100% pulverized to 85% minus 150 mesh and 100% sieved in a 150 mesh sieve. The oversize was weighted and analyzed by fire assay/atomic absorption. The undersize was weighted, homogenized and an aliquot of 50g was split to be analyzed by fire assay/atomic absorption. Balance between weights and assays of the oversize and undersize resulted in sample’s final assay. For holes 17 and 19 to 33, the samples were dried at 60C, 100% crushed to 85% minus 2mm, split in a 500g aliquot which was pulverized to 85% minus 200 mesh from where a new split of 50g aliquot was taken to be analyzed by fire assay/atomic absorption. For both types of preparation, the pulps were air freighted to be assayed at ACME Labs in Santiago, Chile. In addition to the laboratory quality control, TriStar has added its own certified standard check samples each 10 samples.
Mr. Rodrigo Mello, FAusIMM, 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 another exploration project in the Tapajós district known as the Bom Jardim 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 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 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. 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.