TriStar Gold Reports on Exploration Target at Castelo de Sonhos

TriStar Gold Inc. (TSXV:TSG) announced the results of a quantitative risk assessment of the exploration target at its Brazil-based Castelo de Sonhos gold project. The company believes that subject to the availability of funds, the target warrants further exploration.
As quoted in the press release:

The assessment of the exploration target for Castelo de Sonhos (CDS) uses a quantitative approach that integrates the available drill hole and geological information to produce a family of equally likely scenarios that establish distributions for tonnage, grade and metal content. Following the conventional use of such distributions, the 10th percentile (P10) defines a pessimistic case and the 90th percentile (P90) defines an optimistic case.
The P10-P90 range for the exploration target at Castelo de Sonhos, rounded to reflect the inherent uncertainties, is:

Table 1. Exploration target range at Castelo de Sonhos.

Tonnage: 50 – 84 Mt

Gold Grade: 1.3 – 1.6 g/t

Metal Content: 2.1 – 4.3 Moz

These ranges are conceptual in nature since the CDS project requires further drilling and surface sampling to validate the geological and statistical assumptions used. Although all of the technical assumptions are supported by the spatially limited current drilling and available geological data, further drilling may challenge these assumptions. There is therefore no certainty that future resource estimates for the project will achieve the exploration target reported in Table 1.

Click here to read the full TriStar Gold Inc. (TSXV:TSG) press release.