Drilling Expands Shumagin Vein Structure Strike Length by 42% to Approximately 1,350 Metres at Redstar Gold’s High Grade Unga Gold Project
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Drilling Expands Shumagin Vein Structure Strike Length by 42% to
Approximately 1,350 Metres at Redstar Gold’s High Grade Unga Gold Project
June 21, 2017: Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, FRA: RGG)
("Redstar" or the "Company") is pleased to review its ongoing 2017 Spring Exploration Program
at its 100% controlled Unga Gold Project in Alaska. The exploration program, focused on the
high-grade Shumagin Gold Zone, included mapping, geochemical soil and surface rock
sampling, geophysical surveys (surface MAG and IP), and most recently diamond drilling. The
Shumagin Gold Zone remains open in all directions. Drill core & soil samples entered the
assay lab on June 6, 2017, and the Company anticipates assay results in July 2017.
Following the successful ground based geophysical survey (MAG and IP) completed in April
2017, the Company recently completed an initial 12 drill hole program totaling 2,287.8 m of
HQ & NQ diamond drilling that commenced in May 2017. Drilling was performed along
approximate 100 m centers , with a goal of tracing Shumagin-style breccias/veining previously
drilled at the Shumagin Gold Zone along strike to the southwest, as well as to complete
additional infill drilling to further confirm continuity of mineralization. A follow-up drill
program is expected to continue once assay results are received and reviewed. A more
detailed geological overview and update will be made available once all assays are received and
the geological modeling is complete.
Redstar’s Presiden t & CEO, Peter A. Ball, stated, “We are excited to have intersected the
Shumagin vein structure along strike to the southwest, and in addition intersected the vein
structure within the main breccia system to the northeast with infill drill holes. The Shumagin
Gold Zone has now been traced b y drilling for approximately 1,350 m, up from approximately
950 m in 2016, an increase of 42% or 400 m. The work completed this spring both confirms the
extension of the vein structure and, importantly, shows that th e structure remains open along
strike and at depth. The g eophysical surveys performed over the Shumagin Gold Zone in April
2017 defined multiple hidden/blind structures with significant potential to host high -grade gold
mineralization. Redstar also complet ed a geochemical soil sampling survey over the recently
discovered parallel footwall structure, which is located approximately 400 m to the north of the
Shumagin Gold Zone. Exploration along this long -lived structure is significant and continues to
yield solid results each time the drill bit turns. Once again, the methodical step-out diamond drill
program southwest towards Orange Mountain has intersected the Shumagin vein structure.
Historical surface sampling has shown gold showings along the 9.5 km Shumagin trend across
the island , and o ur systematic and focused exploration programs continue to confirm this
extensive trend.”
The Company intersected Shumagin-style breccias/vein systems in 10 out of 12 drill holes,
with assays pending. Minor zones of alteration and stockwork veining were observed in the
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other two holes, and are not included as intercepts due to a probable fault offset, thus they will
need to be further reviewed and modelled. In addition, approximately 600 gridded soil samples
were taken to cover the strike potential of the footwall veining and associated geophysical
anomalies discovered north of the Shumagin Gold Zone during March 2017 (refer to Figure 1
for Shumagin Gold Zone Plan Map).
Figure 1: Shumagin Gold Zone Plan Map
Redstar’s VP of Exploration, Jesse C. Grady, stated, “Delineating the expansion potential of
the Shumagin Gold Zone to the Southwest has been the Company’s prioritized goal for the initial
2017 Spring Exploration and Drill Program . The methodical step-out drilling, that was guided
by detailed IP and MAG ground surveys , has provided us with an exploration “template” that
will be utilized on the other epithermal gold prospects within the Unga Gold District . A
significant panel of vein breccia at the Shumagin Gold Zone has now been defined that can be
infill drilled , while regional exploration efforts can focus on the other noteworthy gold
prospects. From this drill program , we have recognized that the structures that host gold -silver
bearing Intermediate Sulfidation -style Breccias/Veining at Shumagin occur at the transition of
Advanced Argillic Alteration assemblages to Phyllic (quartz-sericite-pyrite) & Propyl itic
assemblages which also occur at other gold-bearing vein systems within the District (e.g. Aquila,
Empire Ride/Apollo/Rising Sun, etc… ). Noting that the structural controls, ga ngue mineralogy,
and textures are all identical amongst these prospects , we have built a significant set of
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exploration vectors for the District. We are excited to further explore the Unga Gold District and
continue the expansion of the Shumagin Gold Zone.”
The Company commenced its 2017 Spring Exploration Program in March 2017, and initiated its
diamond drilling program at the Shumagin Gold Zone, within the Unga Gold Project, in May
2017. Planning for the next drill program is currently underway and will be focused on
completing a geological mineral resource and 43 -101 Technical Report at the Shumagin Gold
Zone where a total of 77 holes (12,840.5 m) have been drilled, with 37 completed by Redstar
since 2011. Of the previous 65 drill holes drilled before the current drill program, 100%
intersected gold mineralization, 38% returned intersections over 15 g/t Au, 25% over 25 g/t
Au, and 12% over 50 g/t Au.
In addition, the Company is planning to also drill test other high priority gold zones such as
Orange Mountain, Empire Ridge, Aquila/Amethyst, and the newly discovered footwall vein to
the north of the Shumagin Gold Zone.
Jesse C. Grady, MSc, CPG -11592, Vice President of Exploration for Redstar Gold Corp. is a
Qualified Person as defined by NI 43 -101. Mr. Grady has prepared and approved the technical
information contained within this release.
About Redstar Gold Corp.
Redstar is well-financed junior exploration company, with a very strong, supportive institutional
shareholder base, no debt, and is focused on high -grade gold exploration and advancing its high -
grade Unga Gold Project in Alaska. The 100% controlled Unga Gold P roject is an intermediate
sulfidation epithermal high-grade gold project on a district scale, with the property encompassing
approximately 240 km 2, and containing multiple high grade gold zones drilled or identified at
surface. The former Apollo -Sitka gold mine, located on the southern Apollo -Sitka Trend, was
Alaska’s first underground gold mine and the site of historic high -grade (~10 g/t Au) gold
production. The Unga Gold Project has extensive infrastructure with daily flights from
Anchorage landing on a one mile long paved airstrip and a deep-water port on neighboring Popof
Island, and a moderate climate noting it resides at the 55 th degree latitude and next to tidewater.
In addition, Redstar owns approximately 22.2% of NV Gold Corp. (TSXV: NVX). Redstar also
owns 30% of the Newman Todd Gold Project, in Red Lake, Ontario, Canada.
On Behalf of the Board of Directors,
Peter A. Ball, President and CEO
For additional information please contact:
T: 604.245.5861
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TF: 877.310.3330
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Forward-Looking Information This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical facts, that address events or
developments that Redstar Gold Corporation (the "Company") expects to occur, are forward-looking statements.
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believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-
looking statements include market prices, exploitation and exploration successes, and continued availability of
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statements are not guarantees of future performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates
and opinions of the Company's management on the date the statements are made. Except as required by applicable
securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.