Mr. Nick Appleyard reports
DRILLING RAMPS UP AS GOVERNMENT APPROVALS PUBLISHED
Tristar Gold Inc. now has a second drill rig operating at Castelo de Sonhos as part of the in-fill drilling program of approximately 200 holes (20,000 to 25,000 metres) that aim to increase confidence in resource estimates which will serve as the basis for the prefeasibility study slated for completion by the end of 2020. Tristar is also pleased to announce that Brazil's National Mining Agency has published its approval of final exploration reports that, with previously approved reports, cover all of the areas in the company's December, 2018, preliminary economic assessment (PEA) life-of-mine schedule.
"With two rigs, we're able to make rapid progress on the prefeasibility program," said Nick Appleyard, president and chief executive officer. "Final approval for the reports that cover the optimized pits is an important milestone on the path to permitting."
The federal government has now approved final reports covering approximately 14 kilometres of the strike length of known gold mineralization at Castelo de Sonhos; these are the areas identified in previous studies as the best locations for initiating open-pit mining. Once the preliminary feasibility study has been published, exploration and drilling will continue on the other mineral concessions to expand resources and to prepare the reports that will allow Tristar to secure permits for the entire plateau.
The submission of final exploration reports requires that the company make a proposal to the ANM for reductions to the original footprint of each mineral concession, removing areas where no mineralization exists.
About Tristar Gold Inc.
Tristar is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The company's current flagship property is Castelo de Sonhos in Para state, Brazil.
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