Advancing its flagship Castelo de Sonhos gold project
TriStar Gold is a gold exploration and development company. Its 100% owned flagship project, Castelo de Sonhos gold project, is located in Pará state, Brazil. Moreover, the Company has recently completed a US $8 million finance with Royal Gold Inc. with proceeds used to advance the project to completion of a feasibility study in 2020. Further, TriStar is currently drilling for additional resources.
About Castelo de Sonhos
The Castelo de Sonhos gold project sits approximately 20km from the town of Castelo de Sonhos. It’s also a paleoplacer gold deposit with 19 km of conglomerate outcrop. Large upside potential remains with only around 60% of the prospective area drilled thus far.
The plateau hosts several identified mineralized conglomerate targets. In Esperança East, the largest of the under-explored, high-priority targets, 2018 drilling has shown reefs with higher grades and thicknesses than previously believed and has also shown that mineralization extends further to the south. Esperança South continues to provide positive assay results, indicating that the well-mineralized reefs may thicken to the north.
The New Discovery Zone on the west and the Upper Conglomerate Zone, have only recently been discovered and have not yet been drilled.
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