Positive Exploration Results from the Aquila Gold Zone at Redstar Gold’s Unga Project
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Positive Exploration Results from the Aquila Gold Zone at Redstar
Gold’s Unga Project
HIGHLIGHTS:
• Results from recent geochemical and geophysical surveys at the Aquila Zone highlight new targets
• Aquila high grade gold target strike length doubled to 800m
• Four new zones of gold mineralization identified to be drill tested
• Gold south of the Aquila grid indicates mineralization straddles a major structure to be drill tested
• Geophysical results confirm structural interpretation of the Aquila Zone, indicating potential for
several high grade gold zones
Vancouver, Canada, April 3rd 2020 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or
the "Company") Redstar has completed geophysical and geochemical studies over several areas of anomalous
mineralization on Unga and Popof in order to determine on -strike extent of known st ructures that have potential for
new high grade gold zones . This release focuses on the results of an exploration program across the Aquila Zone,
located at the western end of the Shumagin Trend (Figure 1). The Shumagin Trend is host to the high grade , SH1-
Zone occurring on the same structure, where Redstar has already defined an inferred resource of 395,825 oz of gold
equivalent with a grade of 14.2g/t gold equivalent (including 384,318 oz of gold at a grade of 13.8g/t) which makes it
one of the highest grade gold deposits in North America. Aquila is located 6.5 kilometres SSW from the SH-1 Zone.
Redstar President John Gray said the following: “These results confirm the very high prospectivity of the Aquila Zone
as having a strike length to equal the SH-1 Zone. Given prior drill results that indicate the presence of high -grade
gold mineralization, Aquila represents an important target of similar size potential to the SH -1 Zone . It has the
potential to significantly add to the number of ounces reportable under NI 43 -101 rules for the project and the
Company considers this zone a high priority, high probability target to be drilled as soon as exploration is able to
recommence”.
Location of the Aquila Zone, Shumagin Trend, Unga Island
(Fig.1)
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The objective of the program at Aquila, where fieldwork was completed in late 2019, was to extend the footprint of a
500-meter-long, approximately 040 striking gold anomaly on the Aquila -Amethyst vein which was tested with five
diamond drill holes in the 1980s. The strike direction is essentially the same as the SH -1 Zone at the east end of the
Shumagin Trend and the results of 1980s drill program returned numerous gold-bearing intercepts. Unfortunately, the
lack of modern drill muds resulted in poor core recoveries although assays of sludges from where these holes were
projected to cut the target zone contained multiple grams gold. Notwithstanding, one hole returned an assay result of
0.43m grading 93g/t Au with full core recovery.
The late season 2019 geochemical and geophysical surveys were conducted across a grid of 1000m-long lines striking
155°, 200m apart which overlapped the 1980s anomaly by five hundred meters on either side to the WSW and ENE.
The grid also straddled a 05 0 striking drainage which is interpreted to be part of the fault system that makes up the
Shumagin Trend. A total of 515 samples soil samples were taken at 25m intervals.
The results of the soil sampling program showed the following features:
1. Confirmation of the 1980s anomaly with 425m of strike of anomalous gold in soil;
2. A gold in soil anomaly 350m southeast of the 1980s discovery on the south side of the 050 striking Shumagin
Trend fault indicating that this major structure may itself be mineralised;
3. A further 500m strike of the gold in soil anomaly identified in the 1980s along an interpreted west -northwest
conjugate fault (F1);
4. Another 400m long gold in soil anomaly 250m south of F1, extending along a parallel fault (F2); and
5. An isolated gold anomaly in the northwest of the gridded area indicating a new gold zone to be prospected.
The geochemistry results are highly significant as they show that the Aquila Zone has similar strike potential to that of
the SH-1 Zone located at the other end of the Shumagin Trend. These four new target areas are also important as they
show that this prospect has the structural complexity necessary to increase significantly in size. Perhaps the most
important result is the anomalous gold occurrences lying to the south of the Shumagin Trend fault which indicate that
this major structure may be a conduit for a much wider gold zone along the trace of the fault itself (Figure 2).
Geochemistry Results from the Aquila Zone, Shumagin Trend, Unga Island
(Fig.2)
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The results of the magnetometry survey reveal contrasts that are likely to be the product of lithological differences
between hanging wall and foot wall, but also hydrothermal alteration which may be the locus for high-grade gold
mineralization as seen at the SH-1 Zone on the same structural trend . The most significant result is the ~800m long
magnetic low parallel to’ and south of the Shumagin Fault which covers the geochemical anomaly mentioned in Point
2 above (Figure 3).
Magnetometry Results from the Aquila Zone, Shumagin Trend, Unga Island
(Fig.3)
These results are supportive of Redstar’s plan to twin the holes drilled in the 1980s that returned high grade gold
assays. Then it will be possible to step-out to ENE and WSW beyond that core area a nd drill projected extensions .
Following this, Redstar would plan to infill drill the zone, aimed at adding a second high grade zone to the Unga Gold
Project in addition to the recently defined resource at SH-1 6.5km to the east.
About Redstar Gold Corp
Redstar is a well -financed junior exploration and development company with a strongly supportive institutional
shareholder base, no debt , and is focused on advancing its high grade Unga Gold Project in Alaska. The 100%
controlled Unga Gold Project includes the SH -1 Zone, which is one of the highest grade gold deposits in North
America. Geologically, the SH-1 Zone is an intermediate sulfidation, epithermal gold deposit, located within a mineral
district which includes systems that contain distinct types of g old, silver and base metal mineralization. The property
encompasses approximately 240km 2 and contains multiple gold zones drilled or identified at surface including the
high grade in the Shumagin Trend, the former Apollo-Sitka mine which was Alaska’s first underground gold mine
with historic high-grade (~10 g/t Au) production, the lower grade disseminated gold mineralization at Centennial and
porphyry gold-copper mineralization in the Zachary Bay area (Figure 4).
409 West Granville Street, Suite 1500, Vancouver, BC V6C 12M, Canada -- Tel 604.488.0051 | Toll Free 1.877.488.0046
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The Unga Gold Project enjoys a moderate climate at latitude 55 degrees North , next to year -round tidewater with
extensive infrastructure including a deep -water port with weekly vessels from Seattle and is served by daily flights
from Anchorage landing on a mile long, paved airstrip on Popof Island. In addition to the Unga Project, Redstar owns
approximately 5 million shares of NV Gold Corp. (TSXV: NVX) and 30% of the Newman Todd Gold Project, in Red
Lake, Ontario, Canada.
Gold and Base Metal Prospects on Unga Island and Neighbouring Popof Island
(Fig.4)
For additional information please contact:
John A. Gray
President
Tel: +44 747 068 6474
Email: [email protected]
Neither 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.
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. Forward -looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimat es", "projects",
"potential" and simila r expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the
Company believes the expectations expressed in such forward -looking statements are based on reasonable assumptions, such statements
are not guarante eing of future performance and actual results may differ materially from those in the forward -looking statements.
409 West Granville Street, Suite 1500, Vancouver, BC V6C 12M, Canada -- Tel 604.488.0051 | Toll Free 1.877.488.0046
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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 capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or d evelopments
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 se curities
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.