Redstar Completes Q3-Q4, 2019 High Grade Gold Exploration Program at its Unga Project
Redstar Completes Q3-Q4, 2019 High Grade Gold Exploration
Program at its Unga Project
HIGHLIGHTS:
• Geophysical and geochemical surveys completed across key development areas to confirm the
District Scale of the Unga Project
• Field programs designed to define additional high prospectivity drill targets at the Unga Project
• Areas targeted include projected extensions of known high grade mineralization at Apollo,
Sitka & Aquila on Unga Island, and Suzy-Rhodo & SoWhat Veins and the Propalof Trend on
Popof Island
• Geophysical study highlights strong correlation between radiometrics and prospective mineral
extensions of the Apollo-Sitka mine
• Drill targets will be planned to test new zones to add to the existing Shumagin Zone at Unga
Vancouver, Canada, November 07, 2019 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG)
("Redstar" or the "Company") is pleased to announce completion of the Q3-Q4, 2019 work program on its
Unga Project in the Aleutian Islands, USA. This work will be foundational for the next drill program. As
described in the August 2018 Technical Report completed by Mine Development Associates (see SEDAR
filing), the project has 35+ distinct areas where either historical mining has occurred, mineralization has been
identified (sampled outcrop or drilling), or has high prospectivity which are part of a mining district containing
the geological signatures of both epithermal and porphyry mineralization. The work program included
geochemistry and geophysics surveys across additonal areas including:
• On Unga Island, the north-east and south-west extensions of the Apollo-Sitka structure which hosted
Alaska’s first gold mine back in the late 1800s;
• The Aquila target where previous drilling has intersected high grade gold; and
• On adjacent Popof Island, the projected extension of the high grade gold bearing Suzy-Rhodo vein
towards both the Centennial and Propalof Zones.
Redstar President John Gray said the following: “The Shumagin Zone remains at the core of the of Unga
project, however we believe it is only one zone in a district scale gold project where we will be focusing on
extending other areas of known high grade mineralization which have the potential to contain economically
significant precious and base metals. We will be planning and executing drill programs based on these and
previous results aimed at building a resource qualified under NI 43-101 reporting rules. I am pleased that we
have been able to advance the project by mapping, sampling and conducting both geochemistry and
geophysics across these areas which are key to the Company strategy of defining a high quality economic
resource ready for mine development”.
All data and samples are currently being analyzed and processed and results should be received before mid-
December. An initial assessment indicates that the Apollo-Sitka structure can be mapped under cover using
gamma-ray spectrometry. This is an inexpensive, high definition tool for tracing extensions of the primary
mineralization of this high grade, base and precious metal bearing structure beyond the original mine workings
which produced a historically indicated 150,000 ounces of gold at a grade of 10g/t Au when in production
between 1886 and 1922. It is noteworthy that the original mine only extracted oxide ore for treatment and
abandoned the primary, sulphidic material as untreatable in the stamp mill that existed at that time. Assay of
this abandoned material, both undergound and at surface, has yielded multiple grams gold and silver, and
multiple percent lead and zinc across viable underground mining widths.
Apollo-Sitka Trend Including Extensions Of The Mined Structure Covered By Q3 2019
Geophysics And Geochemistry Surveys1
(Fig.1)
The Aquila area is being targeted to follow up on a late season drill program by Battle Mountain Gold
Corporation (BMGC) in the 1980s which suffered from very poor core recovery. This was due to inappropriate
drilling techiques. Several metric scale drill runs returned sludge assays bearing significantly anomalous gold,
and hole AQAME02, which was shallow, terminated in a cockade textured quartz-carbonate vein that returned
an assay of 0.45m grading 91g/t Au. The area has also yielded assays from surface rock sampling across quartz
veins that returned highly anomalous gold and silver values. This 2019 field program was designed to better
plot the locations of vein intersections in areas of structural extension where it is hoped to find similar grades
to those at the Shumagin Zone high grade gold occurrence on the same structural trend.
Assays from sampling of the Suzy-Rhodo vein have returned high grade gold values in the past, but the
northward extension of the vein runs undercover. This season’s fieldwork attempts to “see through” that cover
using geochemistry and geophysics in order to trace it and to link it to the near surface, drill-defined
Centennial Zone to the northwest, and towards the Propalof Zone to the NNE where previous drilling has
intersected several grams gold across a viable mining width.
The start of fieldwork was initiated upon conclusion of negotiation of the new, eight year Sub-Surface
Exploration Agreement coupled with a twenty year extendable Mining Lease signed with The Aleut
Corporation in August, 2019. Additionally a new surface access agreement was signed with the Shumagin
Corporation in September, 2019 .
1 1 ppm equivalent to 1 g/t
Shumagin Trend Including The Aquila Area Covered By Q3 2019 Geophysical And
Geochemical Surveys1
(Fig 2)
Suzy-Rhodo, Centennial & Propalof Areas Covered By Q3 2019 Geophysical And
Geochemical Surveys1
(Fig. 3)
* Redstar notes that a qualified person has not done sufficient work to classify the historical estimate on the
Centennial project as current mineral resources or mineral reserves, and is not treating the historical estimate as
current mineral resources or mineral reserves.
About Redstar Gold Corp
Redstar is a well -financed junior exploration company with a strongly supportive institutional shareholder base, no
debt, and is focused on high -grade gold exploration and advancing its Unga Gold Project in Alaska. The 100%
controlled Unga Gold Project is a high grade, intermediate sulfidation, epithermal gold project on a district scale.
The property encompasses approximately 240km 2, and contains multiple high -grade gold zones drilled or identified
at surface. The former Apollo -Sitka gold mine, located on the southerly 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
enjoys a moderate climate at latitude 55 degrees North next to year -round tidewater with extensive infrastructure
including a deep-water port and is served by daily flights from Anchorage landing on a mile long, paved airs trip 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.
For additional information please contact:
John A. Gray
President
Tel: +44 747 068 6474
Email: [email protected]
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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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statements are not guaranteeing 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 development s 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
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management's beliefs, estimates or opinions, or other factors, should change.