SCOTTSDALE, Arizona–(Newsfile Corp. – June 13, 2023)– Tristar Gold Co., Ltd. (TSXV:TSG) (OTCQX:TSGZF) (the Company or TriStar) is pleased to announce the positive development of permits related to the Castelo de Soños gold project in the State of Pará, Brazil. A multidisciplinary team from the Pará State Environmental Sustainability Secretariat (SEMAS) has just completed a site visit. Regulatory experts visited the various regions where the project’s infrastructure will be located, interacting with multiple stakeholders and community leaders to consider the physical, biological and socioeconomic aspects of the project. .
After completing the Environmental Impact Assessment (EIA) report in July 2022, the application for the first stage of the environmental license was submitted to SEMAS. TriStar was notified in April 2023 that he was under formal EIA review. The EIA document was published on the government website and dated he June 4th.thin 2023, a site visit was scheduled as part of the project review.
CEO Nick Appleyard said, “The permitting for the Castelo de Sonhos project continues to move forward, and this site visit marks a major milestone. We appreciate the professionalism seen from SEMAS and the two I am impressed with the camaraderie with which the team works.” We look forward to working together to achieve our common goal of producing transparent and positive outcomes for the communities and people near Castelo de Soños, in the province of Pará, and for the future of this wonderful project. increase. ”
SEMAS advised TriStar that with the site visit completed, the next step in the licensing process was to complete the EIA review. After the formal notice is issued, a 45-day period will begin, during which project stakeholders will have the opportunity to comment on her EIA and make requests related to the public hearing. SEMAS will then work with the company to determine the best date for the public hearing that will be effective for both SEMAS and the company and will allow for the best participation of project stakeholders.
Tristar also announced that it will request the National Mining Agency (ANM) of Para state to reduce ANM area 850.775 (see Figure 1 below). TriStar will retain 1,186 hectares of the original 10,000-hectare parcel for exploration and other purposes. Some of the concessions released did not include any identifiable exploration targets or TriStar interests. This change will reduce our holding costs and commitments and eliminate potential future liabilities.
Figure 1, plan drawing with purple outline for reduced concession.
About Tristar
TriStar Gold is an exploration and development company focused on precious metals assets in the Americas with potential for significant production mines. Our current flagship asset is the Castelo de Soños gold project in the state of Pará, Brazil. TriStar has completed a pre-feasibility study and is currently in the process of permitting while evaluating optimization options. Our shares are traded on the TSX Venture Exchange under the following symbols: TSGMore Under the OTCQX symbol TSGZFMore. For more information, please refer to the following URL: www.tristargold.com.
On behalf of our Board of Directors:
Nick Appleyard
Representative Director and President
For more information, please contact:
Tristar Gold Co., Ltd.
Nick Appleyard
Representative Director and President
480-794-1244
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Forward-Looking Statements
Certain statements contained in this press release are not historical facts and, if they constitute forward-looking statements under the Securities Act of Canada, are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. there is. Information may contain forward-looking terms such as “expected” or “anticipated” or variations of such words or phrases or statements that state that a particular action, event or outcome “will occur.” may be identified by Forward-looking statements in this press release include statements regarding the Company’s ability to complete its current drilling program, the results of the identification of further exploration targets, and the expected continued impact of COVID-19. Such forward-looking statements are based on our reasonable expectations and business plans as of the date hereof and are subject to change due to economic, political and competitive conditions and unforeseen circumstances. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause changes in such assumptions, and actual results or Please note that estimates may differ materially from future estimates or anticipated future results, performance or stated position. These forward-looking statements are implied. Risks, uncertainties and other factors that may cause us to change our plans include changes in demand and prices for gold and other commodities (such as fuel and electricity) and currencies. changes or disruptions in the securities market; Legislative, political and economic development in Brazil. the impact of COVID-19 on all aspects of our business, the need to obtain permits and comply with laws, regulations and other regulatory requirements; Actual work results may differ from forecasts/expectations or failure to realize the perceived potential of our projects. Risk of accidents, equipment failure, labor disputes, or other unforeseen difficulties or interruptions. potential cost overruns or unexpected expenses in development programs; operational or technical problems associated with exploration, mining or development activities; The speculative nature of gold exploration and development, including the risk of declining reserves and resource grades. Risks associated with exploration, development and mining operations. The Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements or forward-looking information. There may be other factors that may cause any difference from what is expected, estimated or intended. . We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
