Unga Project Unaffected by Earthquake near Aleutian Islands
409 West Granville Street, Suite 1500, Vancouver, BC V6C 12M, Canada -- Tel 604.488.0051 | Toll Free 1.877.488.0046
TSX. V: RGC www.redstargold.com
Unga Project Unaffected by Earthquake near
Aleutian Islands
Vancouver, Canada, October 20, 2020 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) (" Redstar" or
the "Company") confirms reports of an earthquake, located 91 kilometers south east of Sand Point, yesterday
afternoon. Along with the earthquake , which is reported to have been 7.5 on the Rich ter scale, Tsunami
warnings were issued. The Tsunami was negligible at Sand Point and Unga with a sea swell of approximately
60cm was noted at Sand Point.
Emergency procedures were quickly followed by the Redstar Gold Exploration team on Unga Island who
immediately sought higher ground. The earthquake was felt at site, but no injuries or damage was noted, and
exploration activities have resumed today.
The exploration program on Unga Island is progressing on plan. There are three rigs currently operating a t
three sites, SH -1, Apollo -Sitka and Aquila. The objective is complete 6,500m to 8,000m by the end of the
program in November.
Contact Information
Charles Funk
Chief Executive Officer
Redstar Gold Corp.
Email: [email protected]
About Redstar Gold Corp.
Redstar is a well-financed junior exploration and development company with a portfolio of high -grade projects
in Alaska and Mexico. The company’s flagship asset is the 100% controlled Unga Gold Projec t on Unga and
Popof Islands in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within
the district-scale property that encompasses 240km 2 across the two islands. Additional targets on the property
include porphyry, h igh sulphidation and intermediate sulphidation epithermal veins. On Unga Island, priority
targets include: the SH -1 and Aquila high -grade gold zones, both on the Shumagin Trend, the former Apollo -
Sitka mine, which was Alaska’s first underground gold mine a nd the Zachary Bay porphyry gold -copper district.
The gold mineralization at the Centennial Zone is located on neighbouring Popof Island, within four kilometres
of infrastructure and services at Sand Point.
In Mexico, the company owns 100% of three early stage epithermal projects in Sonora that are highly
prospective for gold and silver. Cumaro forms part of the El Picacho district, while the Oso Negro and La Lola
projects are also prospective for epithermal gold-silver mineralization.
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 statemen ts that may be deemed "forward -looking statements". Forward -
looking statements are statements that are not historical facts and are generally, but not always, identified by the words "e xpects",
"plans", "anticipates", "believes", "intends", "estimates", " projects", "potential" and similar expressions, or that events or conditions
"would", "may", "could" or "should" occur. Forward -looking statements in this press release include Redstar’s expectations that name
change and share consolidation will take effe ct as planned. Although the Company believes the expectations expressed in such forward -
TSX.V: RGC
www.redstargold.com
409 West Granville Street, Suite 1500, Vancouver, BC V6C 12M, Canada -- Tel 604.488.0051 | Toll Free 1.877.488.0046
TSX. V: RGC www.redstargold.com
looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and actual
results may differ materially from those 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 secu rities
laws, the Company undertakes n o obligation to update these forward -looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.