TriStar Gold - LP Permit Received, Setting the Stage for Development
TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) has received the Licença Prévia (Preliminary License or LP) for its Castelo de Sonhos gold project in Brazil from the Pará Secretariat for the Environment and Sustainability (SEMAS). This milestone significantly derisks the project and positions TriStar for advancement to the feasibility study stage. The LP, the first of a three-stage environmental licensing process, is important as it involves approval from various government agencies and stakeholders.
CEO Nick Appleyard views Castelo de Sonhos as potentially the next 100,000+ ounce per year gold mine in Brazil. The company plans to proceed with de-risking studies, including feasibility and advanced engineering, leading to a construction development decision. TriStar will host a webinar on September 5th to discuss this development. Additionally, the company has granted 3,250,000 incentive stock options to directors, officers, employees, and consultants at $0.195 per share, expiring on August 28, 2029.
TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) ha ricevuto la Licença Prévia (Licenza Preliminare o LP) per il suo progetto aurifero Castelo de Sonhos in Brasile dalla Segreteria per l'Ambiente e la Sostenibilità del Pará (SEMAS). Questo traguardo riduce significativamente i rischi del progetto e posiziona TriStar per avanzare verso la fase di studio di fattibilità. La LP, primo di un processo di autorizzazione ambientale in tre fasi, è importante poiché implica l'approvazione da parte di vari enti governativi e stakeholder.
Il CEO Nick Appleyard considera Castelo de Sonhos come potenzialmente la prossima miniera d'oro in Brasile con oltre 100.000 once all'anno. L'azienda prevede di proseguire con studi di riduzione dei rischi, compresi studi di fattibilità e ingegneria avanzata, portando a una decisione di sviluppo della costruzione. TriStar ospiterà un webinar il 5 settembre per discutere di questo sviluppo. Inoltre, l'azienda ha concesso 3.250.000 opzioni di acquisto di azioni a incentivo a direttori, funzionari, dipendenti e consulenti a $0,195 per azione, con scadenza il 28 agosto 2029.
TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) ha recibido la Licença Prévia (Licencia Preliminar o LP) para su proyecto de oro Castelo de Sonhos en Brasil por parte de la Secretaría de Medio Ambiente y Sostenibilidad de Pará (SEMAS). Este hito reduce significativamente los riesgos del proyecto y posiciona a TriStar para avanzar a la etapa de estudio de viabilidad. La LP, la primera de un proceso de licencia ambiental en tres etapas, es importante ya que implica la aprobación de varias agencias gubernamentales y partes interesadas.
El CEO Nick Appleyard considera Castelo de Sonhos como potencialmente la próxima mina de oro en Brasil con más de 100,000 onzas al año. La empresa planea continuar con estudios de reducción de riesgos, incluidos estudios de viabilidad e ingeniería avanzada, que conducirán a una decisión de desarrollo de construcción. TriStar realizará un webinar el 5 de septiembre para discutir este desarrollo. Además, la empresa ha otorgado 3,250,000 opciones de acciones motivacionales a directores, funcionarios, empleados y consultores a $0.195 por acción, que expiran el 28 de agosto de 2029.
TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF)는 브라질의 Castelo de Sonhos 금 프로젝트에 대해 Pará 환경 및 지속 가능성 비서관(SEMAS)으로부터 Licença Prévia(예비 라이선스 또는 LP)를 받았습니다. 이 이정표는 프로젝트의 위험을 크게 줄여주며 TriStar가 타당성 조사 단계로 나아갈 수 있는 기반을 마련합니다. LP는 세 단계로 이루어진 환경 인허가 프로세스의 첫 번째 단계로, 여러 정부 기관과 이해 관계자의 승인을 포함하기 때문에 중요합니다.
CEO Nick Appleyard는 Castelo de Sonhos가 브라질에서 해마다 100,000온스 이상의 금을 생산할 수 있는 다음 광산이 될 가능성이 있다고 보고 있습니다. 회사는 타당성 및 고급 엔지니어링을 포함한 위험 감소 연구를 진행할 계획이며, 이를 통해 건설 개발 결정을 내릴 것입니다. TriStar는 9월 5일에 이 발전 사항에 대해 논의하는 웨비나를 열 예정입니다. 또한, 회사는 3,250,000개의 유인 옵션을 지배주주, 임원, 직원 및 컨설턴트에게 주당 $0.195에 부여했으며, 이 옵션은 2029년 8월 28일에 만료됩니다.
TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) a reçu la Licença Prévia (Licence Préliminaire ou LP) pour son projet aurifère Castelo de Sonhos au Brésil de la part du Secrétariat de l'Environnement et de la Durabilité du Pará (SEMAS). Cette étape majeure réduit considérablement les risques du projet et positionne TriStar pour passer à l'étape de l'étude de faisabilité. La LP, première d'un processus d'autorisation environnementale en trois étapes, est importante car elle implique l'approbation de diverses agences gouvernementales et parties prenantes.
Le PDG Nick Appleyard considère Castelo de Sonhos comme potentiellement la prochaine mine d'or au Brésil avec une production de plus de 100 000 onces par an. L'entreprise prévoit de poursuivre les études de réduction des risques, y compris les études de faisabilité et d'ingénierie avancée, menant à une décision de développement de construction. TriStar organisera un webinaire le 5 septembre pour discuter de ce développement. De plus, l'entreprise a accordé 3 250 000 options d'actions incitatives à des directeurs, des responsables, des employés et des consultants au prix de 0,195 $ par action, expirant le 28 août 2029.
TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) hat die Licença Prévia (Vorläufige Lizenz oder LP) für sein Goldprojekt Castelo de Sonhos in Brasilien von der Umweltschutz- und Nachhaltigkeitssekretariat von Pará (SEMAS) erhalten. Dieser Meilenstein reduziert das Risiko des Projekts erheblich und positioniert TriStar für den Übergang zur Machbarkeitsstudienphase. Die LP, die erste von drei Phasen im Umweltgenehmigungsprozess, ist wichtig, da sie die Genehmigung verschiedener Regierungsbehörden und Stakeholder umfasst.
CEO Nick Appleyard sieht Castelo de Sonhos als potenziell die nächste Goldmine in Brasilien an, die über 100.000 Unzen pro Jahr produzieren könnte. Das Unternehmen plant, mit Risikominderungsstudien fortzufahren, einschließlich Machbarkeitsstudien und fortgeschrittener Ingenieurtechnik, was zu einer Entscheidung über die Bautätigkeit führen wird. TriStar wird am 5. September ein Webinar abhalten, um diese Entwicklung zu besprechen. Darüber hinaus hat das Unternehmen 3.250.000 Anreiz-Aktienoptionen an Direktoren, Führungskräfte, Mitarbeiter und Berater zu je 0,195 $ pro Aktie gewährt, die am 28. August 2029 auslaufen.
- Received Preliminary License (LP) for Castelo de Sonhos gold project in Brazil
- LP approval derisks the project and sets stage for feasibility study
- Potential for Castelo de Sonhos to become a 100,000+ ounce per year gold mine
- Authorization received for drilling and vegetation clearing
- None.
Scottsdale, Arizona--(Newsfile Corp. - August 29, 2024) - TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (the Company or TriStar) is pleased to announce that the Pará Secretariat for the Environment and Sustainability (SEMAS) has issued the Licença Prévia (Preliminary License or LP) for the Castelo de Sonhos gold project in Brazil.
"Following the previously announced approval by Pará State Environmental Council (COEMA) we have now received the LP, a true milestone for TriStar that derisks and sets us apart from many other mine developers. We are now ready to move forward, having the necessary permits in hand to advance the feasibility study, including the operating license for drilling and vegetation clearing authorization amongst others," says Nick Appleyard, TriStar's President and CEO. "We can all see that Brazil has become a major mine development hub, with more mines built recently than any other comparable jurisdiction. Given the success of G Mining, Hochschild Mining, Ero Copper and Aura Minerals, all of whom have permitted, built and are now operating fantastic mines in Brazil, I see Castelo de Sonhos as the next plus 100,000 ounce per year gold mine for Brazil, with all the benefits that will stream to the regional economy."
The Preliminary License (Licença Prévia in Portuguese) represents the first of a three-stage environmental licencing process required for mining projects in Brazil. The LP is the most critical stage of permitting as it involves input and approval from several government agencies as well as local stakeholders, communities and details the environmental, social, and economic impacts and benefits of the project.
Next steps for the Castelo de Sonhos project involve further de-risking studies including feasibility and advanced engineering, leading to an ultimate construction development decision.
Webinar
Nick Appleyard, TriStar's President and CEO, will participate in a webinar hosted by Adelaide Capital at 3:00pm ET on Thursday, September 5th.
Participants can register here: https://streamyard.com/watch/aKrp2FSBjSaJ.
The webinar livestream will also be available to watch on the Adelaide Capital YouTube Channel, where a replay will be posted after the event: https://bit.ly/adcap-youtube.
Employee Incentive Stock Options
TriStar has also granted incentive stock options exercisable to purchase a total of 3,250,000 of its shares at a price of
These options will expire August 28, 2029.
About TriStar
TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company's current flagship property is the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-feasibility study and is now working to advance the project towards a feasibility study while evaluating optimization options. The Company's shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF. Further information is available at www.tristargold.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:
Nick Appleyard
President and CEO
480-794-1244
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbour" provisions under the United States Private Securities Litigation Reform Act of 1995. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements in this press release include statements about the Company's development of the Castelo de Sonhos gold property. Such forward-looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; effects of the COVID-19 virus on all aspects of the Company's business, the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the Company's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221501
FAQ
What significant permit did TriStar Gold (TSGZF) receive for its Castelo de Sonhos project?
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When will TriStar Gold (TSGZF) host a webinar to discuss the LP approval?
