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TriS

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  7950 East Acona Drive, Suite 209
Scottsdale, Arizona
85260 USA
Tel No.: 480-794-1244
Web Site: www.tristargold.com
E-mail: info@tristargold.com
Contact Person: Nick Appleyard
Position: CEO


Company Data

Traded Market: TSX-V
Traded Symbol: TSG
Outstanding Shares: 178 million
Public Float: approx. 40%
52 Week High: $ 0.25
52 Week Low: $ 0.09
Present Price: Click Here


Introduction

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TriStar Gold Inc. is a minerals exploration and development company. The Company advances mining projects from exploration to production, with a focus on precious metals deposits in the Americas that have potential to become significant producing mines.

TSG’s current flagship project is the 100%-owned Castelo de Sonhos gold project, located in Pará state of Brazil, a paleo-placer that produced 300,000 ounces of gold during the 1980s.


Projects in Hand

Castelo de Sonhos Gold Project, Pará State, Brazil

The Castelo de Sonhos gold project is situated in the southwestern Pará state, an established mining jurisdiction, approximately 20 km from the town of Castelo de Sonhos, close to power, federal highway, water and labour.

Two billion years ago, a large continent lay near the South Pole, with a chain of lode gold deposits along its central mountain ridge. Gold accumulated in placer deposits along the shores and beaches. In modern times, these now include gold deposits at Tarkwa, Jacobina and Castelo de Sonhos.

Size

  • 26,750 Ha property 100% owned
  • Large gold deposit: 19 km outcrop

Geology

  • Paleo-placer gold deposit
  • Analogous to producing mines: Tarkwa and Jacobina

Preliminary Economic Assessment (PEA)

  • Resource updated September 2018
  • PEA results in November 2018 indicate robust economics at current gold prices with a low cost base, and strong leverage for higher gold prices.
    • 1.1Moz Gold Produced at base case $1,250 gold price
    • $441M Cash Flow pre-tax
    • 51% IRR pre-tax
    • $319M NPV pre-tax 5% discounted
    • 1.9 Year Payback
    • $184M Initial Capex
    • AISC $687/oz

Straightforward Mining

  • Mineralization at surface: simple open pit
  • Simple metallurgy: up to 98% gold recovery
  • Environmentally clean: no sulphides

Growth Potential

Resource Upside Potential

  • Esperança South
    • Extend known gold reefs
    • Drill untested reef sections
  • Esperança Center
    • Extend drilling
  • Esperança East
    • Largest area of potential growth
    • Results so far have exceeded expectations

Additional Exploration Targets

  • 2 new conglomerate targets identified through soil geochemistry
  • Analogous deposits have large underground components, not yet considered here

Resource Growth

The project currently has mineral resources of:

Indicated: 17.7 million tonnes at 1.2 g/t, containing 0.7 million ounces ("Moz") of gold.

Inferred: 39.8 million tonnes at 1.0 g/t, containing 1.3 Moz of gold.

Mineral Resources as at September 17, 2018 (above a 0.3 g/t cut-off)

Region

Classification

Tonnage
(Mt)

Grade
(g/t Au)

Metal Content
(Moz Au)

Esperança South

Indicated

11.8

1.4

0.5

Inferred

21.7

1.2

0.8

Esperança East

Indicated

-

-

-

Inferred

11.8

0.9

0.4

Esperança Center

Indicated

5.9

0.9

0.2

Inferred

6.3

0.7

0.1

Project Total

Indicated

17.7

1.2

0.7

Inferred

39.8

1.0

1.3

Castelo de Sonhos – An exceptional deposit:

  • Mining friendly region of Pará State, Brazil
  • Great local infrastructure for mine development
  • Gold paleo-placer with strong similarities to Tarkwa (Gold Fields) and Jacobina (Yamana Gold)
  • 19 km of continuous mineralized outcrop with down-dip extensions
  • Historical production of approximately 300,000 ounces from small-scale mining
  • Strong additional resource potential
  • Excellent preliminary metallurgical results
  • Robust Preliminary Economic Assessment (PEA) results

Direction 2019

Drilling Objectives

  • Increase Confidence
  • Further Expand Resources
    • Upgrade Resource Classifications

De-Risking

  • Initiate Baseline Social and Environmental Studies
  • Commence Permitting Activities Towards Production

Beyond 2019

  • Complete Feasibility Studies
  • Acquire Second Significant Asset

Financing

August 6 2019, TriStar closed the largest financing in the Company’s history: $US 8,000,000 from Royal Gold.

  • TriStar has sold to Royal Gold an option to purchase a 1.0% net smelter return (NSR) royalty on Castelo de Sonhos gold project (CDS). TriStar will sell and grant to Royal a newly created 1.5% NSR royalty on the CDS property.
  • TriStar will grant to Royal 19,640,000 common share purchase warrants (to be issued pro-rata with the funding schedule), each entitling Royal to purchase one common share of TriStar Gold Inc. at an exercise price of C$ 0.25 per common share for a period of five years.

Nick Appleyard, TriStar's president and chief executive officer says, "We've grown the resource seven-fold in the past 30 months, and we're excited to now be funded through the Prefeasibility Study (PFS) which is aimed at establishing mineral reserves for the first time and presenting a blueprint for a profitable mine. To this end, we're focusing 20,000 m of infill drilling in Esperanca South; following the PFS we'll turn our attention to expanding resources and reserves elsewhere on our mineral concessions.”


Management

Management and Directors

Nick Appleyard, President & CEO, Director

Mr. Appleyard was former CEO of Chaparral Gold, Vice President of Corporate Development for International Minerals. He has over 25 years international experience in precious metals exploration and mining. He has managed exploration, development and production JVs in North and South America.

Scott Brunsdon, Chief Financial Officer

Mr. Brunsdon was former CFO of Chaparral Gold, International Minerals and Placer Dome North America. He has been a Director and senior manager with several mining companies and has over 28 years experience in public company management, corporate development, public listings, mergers and acquisitions.

Mo Srivastava, Vice President

Mr. Srivastava was founder and President of FSS Canada Consultants and Benchmark Six. He is a geologist and geostatistician with more than 30 years of experience in economic geology, also has been an Advisor to Boards of Directors.

Mark E. Jones III, Chairman of the Board

Mr. Jones was former Founder & Chairman of Brazauro, Founder & Director of Crown Resources, Director of Arequipa Resources.

Brian C. Irwin, Corporate Secretary, Director

Mr. Irwin was former Partner at Dumoulin Black Law Firm, Chairman of Ashton Mining.

Quinton Hennigh, Director

Mr. Hennigh is President and Chairman of Novo Resources; Former Exploration geologist with Homestake, Newmont, Newcrest.

Carlos Vilhena, Director

Mr. Vilhena is Partner at Pinheiro Neto Advogados (Brazil); International Affairs Officer, Brazilian Mining Association.

Leendert G. Krol, Director

Mr. Krol was former Vice President and Director for Newmont.

Tony Brown, Manager of Metallurgical Engineering

Mr. Brown was a Founding Partner and President of MRDI Consultants and Manager of Metallurgical Engineering for Fluor Mining & Metals. He has over 40 years of international experience in mining and metals including metallurgical testing, flowsheet design, feasibility studies, detailed engineering, cost estimating, commissioning and operations.

Mark Cannuli, Technical Advisor

Mr. Cannuli was the Exploration Manager for Chaparral Gold and International Minerals. His experience includes discovering the Inmaculada deposit and includes over 30 years in use of geology, geophysics and geochemistry to identify and assess mineral deposits.


News Update

On November 07, 2019, TriStar Gold Inc. announced that its common shares have been accepted for trading on the OTCQB, a U.S. stock market that is based in New York City and operated by OTC Markets Group. The shares will trade on the OTCQB under the ticker symbol TSGZF and will commence trading today, November 7, 2019.

On October 22, 2019, TriStar Gold Inc. announced that a second drill rig is now operating at Castelo de Sonhos as part of the in-fill drilling program of approximately 200 holes (20,000 to 25,000m) that aim to increase confidence in resource estimates which will serve as the basis for the pre-feasibility study slated for completion by the end of 2020. TriStar was also announced 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 PEA life-of-mine schedule. “With two rigs, we’re able to make rapid progress on the pre-feasibility program” Mr. Nick Appleyard, President and CEO, commented. “Final approval for the reports that cover the optimized pits is an important milestone on the path to permitting.”

On September 12, 2019, Tristar Gold Inc. announced that the Infill drilling has started at Castelo de Sonhos. This campaign focuses on Esperanca South, with approximately 200 holes (20,000 to 25,000m) that aim to increase confidence in resource estimates which will serve as the basis for the pre-feasibility study (PFS) slated for completion by the end of 2020. The first reverse circulation rig began drilling this week; a second will begin in the coming weeks.

On August 8, 2019, the TSX Venture Exchange has accepted for filing a royalty agreement dated Aug. 2, 2019, between a subsidiary of TriStar Gold Inc. and a subsidiary of Royal Gold Inc., pursuant to which the Company has granted Royal Gold up to a 1.5-per-cent net smelter return (NSR) royalty on TriStar's Castelo de Sonhos project, Brazil, for total consideration of US$7.5-million.


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