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Redstar Gold Corp.
Summary
| Project: | Unga | |
|---|---|---|
| Deposit: | Shumagin | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2017: Redstar Gold Corp. announces an Exploration/Drilling Update report for its Shumagin deposit at the Unga project. Drilling results incl. 1.5m @ 16.97g/t Au, 13.06g/t Ag from 156.5m. January 19, 2016: Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jesse C. Grady (Internal) | |
| ABSTRACT: | January 19, 2016: Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, FRA: RGG) ("Redstar" or the "Company") announces assay results from its 2016 Drill Program, which consisted of seven (7) drill holes totaling 1,505 metres, and was completed on November 4 th , 2016. The recent successful drill program was designed to test the down-dip and along-strike expansion potential of high-grade vein/breccia mineralization at various structural elevations along the Shumagin Gold Zone. “We are excited to have intersected gold mineralization in all areas drilled during the recent 2016 drill program, and to have also significantly increased the current drilled strike length of the Shumagin Gold Zone. The overall size of the system has increased 300 metres east to Bunker Hill, and approximately 400 metres to the southwest of the deepest previous drill hole BM-01 drilled in the 1990s. Shumagin has once again delivered double digit gold grades consistently in almost every drill hole,” commented Redstar’s President & CEO, Peter A. Ball. “Our technical team, led by Jesse Grady, Redstar’s VP Exploration, was successful in expanding and enhancing the geological model, as well as furthering our understanding of the Shumagin Gold Zone and its potential size and scale within the much larger Unga district scale project. Given these highly encouraging results, we intend to commence an expanded drill program in March/April 2017, and with approximately CDN$6.5M in our treasury, we have the balance sheet to do so.” | |
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