1 Sep 2011 18:00
TRI-STAR RESOURCES PLC
("Tri-Star" or the "Company")
Update re Proposed Joint Venture
Further to the announcement made by the Company on 28 June 2011, relating the non-binding letter of intent ("LOI") entered into with Portage Minerals Inc ("Portage") in respect of Portage's Bald Hill antimony project in New Brunswick, Canada, Tri-Star is pleased to announce that it has now satisfactorily completed its due diligence period.
Following completion of this due diligence, Tri-Star is currently in ongoing negotiations with Portage in relation to the LOI and an extension to the timing for completion of a binding joint venture agreement, previously scheduled to be completed by 31 August 2011, and further announcements will be made in due course.
Enquiries:
Tri-Star Resources Plc Michael Hirschfield
| Tel: +44 (0)844 8157 339 |
Strand Hanson Limited (Nomad) James Harris / Paul Cocker / Liam Buswell | Tel: +44 (0)20 7409 3494
|