Redstar Gold Outlines 2017 Exploration and Resource Development Program at the Unga Gold Project
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Redstar Gold Outlines 2017 Exploration and
Resource Development Program at the Unga Gold Project
HIGHLIGHTS:
Initial 5,000-meter diamond drill program targeted to:
o Extend the current 1.2 km mineralized zone along Shumagin Gold Zone
strike and at depth to the southwest towards the Orange Mountain Zone.
o Execute an infill drill program at the Shumagin Gold Zone to assist in
defining geological resource model.
Initiate a geophysical program (e.g. Mag, IP, EM and Gravity surveys).
Complete a metallurgical assessment of high-grade gold and silver mineralization
across the Shumagin Gold Zone.
Expand exploration work on the Apollo-Sitka Trend.
February 08, 2017: Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, FRA: RGG)
("Redstar" or the "Company") is pleased to announce, based on the successful expansion of the
mineralized zone along trend and at depth achieved in the 2016 Fall Exploration Program, its
2017 Resource Development and Exploration Program at the Unga Gold Project.
“Commencing in April 2017, our busiest exploration season to-date will begin at the Unga
Gold Project. During the 2016 Exploration Program, the Company completed various
reconnaissance exploration exercises across the Shumagin and Apollo-Sitka Trends, which
included mapping, geochemical soil sampling, surface rock sampling, a 1,505-meter drill
program at the Shumagin Zone, and the initiation of an updated internal geological model of the
Unga Gold Project. Redstar’s President & CEO, Peter A. Ball, stated, “Based on the results
and success from 2016, Redstar increased the drilled strike length of the Shumagin Gold Zone
from approximately 300m to approximately 950m, and is now well-financed, excited, prepared
and focused to execute a multi-million-dollar expansive exploration program to highlight the
potential of the multiple gold zones with the Unga Gold Project, commencing firstly with the
Shumagin Gold Zone.”
Detailed Review of the 2017 Exploration and Resource Development Program:
Utilizing multiple drill rigs, commence initial 5,000 meters of exploration diamond
drilling, focused on step out drill holes to the southwest of the Shumagin Gold Zone.
Additional drilling and other gold zones will be potentially tested based on current
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geological models, and as assay or geophysical results are received through the
spring/summer program.
Initiate a ground-based geophysical program consisting of an initial detailed “orientation
survey” that will test the geophysical responses associated with well-known geological
features and high-grade gold mineralization located across the Shumagin Gold Zone (e.g.
magnetic field; electromagnetics, Induced Polarization (IP), gravity surveys). The
orientation survey is completed to provide a potential geophysical fingerprint that will be
used to target additional blind, structurally-controlled gold-bearing breccia bodies
localized along structures to the southwest towards Orange Mountain (see Fig 1 below).
Complete a preliminary metallurgical assessment representing gold-silver bearing
mineralization drilled across the Shumagin Gold Zone during 2016. The metallurgical
testing will include: bulk mineral analysis (QEMSCAN); coarse gold particle studies;
grind calibrations; gravity concentration testing; leach performance testing; and flotation
tests.
Further details on the program will be disclosed, as the Company gets closer to the
commencement of the program.
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Geological Highlights of the Shumagin Gold Zone and Trend
The Shumagin Trend is approximately nine (9) kilometers long and is a major regional
structure responsible for the localization of epithermal mineralization and associated
alteration exposed about its strike length.
Drilling in 2016 validated the Company’s structural model and geological interpretation
that high-grade gold-silver mineralization localized within the Shumagin Gold Zone
occurs within dilation zones associated with major & subsidiary structures that are part of
the Shumagin Trend.
The Shumagin Gold Zone is currently defined over a strike length of approximately 1.2
kms by surface mapping and sampling.
Results from the 2016 fall drill program at the Shumagin Gold Zone, indicate that high-
grade gold-silver mineralization occurs at depth for approximately 950 meters of tested
strike length, is vertically extensive (to ~ 330m depths) and remains open at depth across
the entire strike length (See Long Section below).
Hole 16SH019, the deepest and southwestern-most drill hole, encountered a thick section
(>50m) of syn-hydrothermal eruption breccias that are cross-cut by one of the thickest
stockwork/breccia sections drilled to date along the Shumagin Gold Zone, and is a
positive indicator that the hydrothermal system is robust in this area and is open
along strike towards the southwest.
Geological mapping and sampling towards the southwest from Shumagin indicates a
very strong expansion potential along strike for an additional three (3) kms towards
Orange Mountain, the interpreted hydrothermal center along the Shumagin Trend.
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About the Unga Gold Project
The 100% controlled Unga Gold Project is an intermediate-sulfidation epithermal district located
along the Alaskan Peninsula on adjacent Unga and Popof Islands, approximately 950 km
southwest of Anchorage, Alaska. The 240-km2 property contains numerous volcanic-hosted,
structurally-controlled and disseminated gold-silver mineral occurrences localized along at least
two (2) regional structures (Shumagin Trend and Apollo-Sitka trends), each measuring
approximately 9km long. High-grade gold zones drilled or identified at surface occur within
dilation zones along the regional and/or subsidiary structures and are the main exploration target-
type for the project. The Shumagin Gold Zone is only one of several noteworthy gold-silver
structures found on Redstar’s Unga Gold Project and is a high-priority exploration target.
Jesse C. Grady, MSc, CPG-11592, 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 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 Project is an intermediate sulfidation
epithermal high grade gold project on a district scale, with the property encompassing
approximately 240 km2, 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 57-degree latitude and next to the ocean. In
addition, Redstar owns approximately 26.6% 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: +1.604.245.5861
Toll Free: 877.310.3330
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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", "estimates", "projects", "potential" and similar
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 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
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 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.