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Redstar Gold Corp.
Summary
| Project: | Unga | |
|---|---|---|
| Deposit: | SH-1 | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/10/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-2-2020: Redstar Gold Corp. announces a Resource Estimation report for its SH-1 deposit at the Unga project. Initial mineral resource estimate for project. Vancouver, Canada, February, 10th 2020 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("R | |
| Resources: | (Resource, Inf.): 0.866Mt @ 13.8g/t Au, 35.4g/t Ag at SH-1 | |
| CP/QP: | [Resources]: William Burnett (Internal) | |
| ABSTRACT: | Vancouver, Canada, February, 10th 2020 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or the "Company") announces the completion of a Mineral Resource Estimation that has resulted in a Maiden 43-101 Compliant Resource within a portion of the SH-1 Zone (formerly known as the Shumagin Zone) as presented in Table 1 below. The SH-1 Zone is a sub-section of the overall 9.5km long Shumagin Trend which is characterized by multiple, high-grade gold zones and occurs in the south of Unga Island. This resource derives from the centre of the SH-1 Zone which has been traced by diamond drilling for a total of 1.7 km of strike. SH-1 is a high-grade gold zone and displays all the features of an intermediate sulfidation system including bonanza gold grades and crustiform vein textures. It is one of several known, high-grade gold occurrences on the Trend. The resource cut-off grade is based on a gold price of US$1,450/ounce and preliminary metallurgical testing that yielded recovery rates of 87.8% for gold. The deposit is open at depth and in both directions along strike (Figure 1). | |
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