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Be the first with the news that moves the market- Mining company TriStar Gold (TSG) has begun drilling at its Castelo de Sonhos gold project in ParáState, Brazil
- The drilling program is designed to test new exploration targets and to expand the mineral resource at Castelo de Sonhos
- Two drill rigs are already onsite and drilling, with a third rig scheduled to arrive a few weeks’ time
- The company expects to begin reporting results from the initial drill holes sometime in November, 2020
- TriStar Gold (TSG) is up 1.41 per cent and is currently trading at C$0.36 per share
Mining company TriStar Gold (TSG) has begun drilling at its Castelo de Sonhos gold project in Pará State, Brazil.
The Castelo de Sonhos project is currently the company’s flagship property. The drilling program which has just commenced is designed to test new exploration targets, and to expand its known mineral resource.
While drill rigs are already onsite at the project, another rig is scheduled to arrive soon. The first three to five core drill holes will situated in the northern end of the Esperança South target, while the first six RC drill holes will be east of Esperança South.
The initial core drilling will target extensions of results which proved promising during previous drilling. This is partly because this is an area of rugged terrain, which limits the access of the larger RC rig. Later, the core rig will target the CDS Deeps target of remobilised gold.
The RC drilling will target shallow, previously untested conglomerate horizons in the valley. If these holes intersect conglomerate-hosted gold, there is potential for much more upside drilling in this area.
Later, the RC rig will prioritise the completion of certain requirements for the pre-feasibility study drilling. This particular endeavour is scheduled for completion in early 2021.
TriStar’s President and CEO, Nick Appleyard, commented on the start of the company’s major exploration drilling program.
“The drilling is now up and running in this program, and our whole team is excited about it. As of today, we have two drill rigs at site drilling with a third rig arriving in a couple of weeks, meaning it’s going to be a very busy fourth quarter for us.
“We anticipate reporting results from the initial holes starting in November,” he said.
TriStar Gold (TSG) is up 1.41 per cent, and trading for C$0.36 per share at 12:54pm EDT.
