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Redstar Gold Corp.
Summary
| Project: | Unga | |
|---|---|---|
| Deposit: | Shumagin | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 8/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2017: Redstar Gold Corp. announces an Exploration/Drilling Update report for its Shumagin deposit at the Unga project. Drilling results incl. 2.2m @ 9.9g/t Au, 29.3g/t Ag from 120.8m. August 22, 2017: Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: R | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jesse C. Grady (Internal) | |
| ABSTRACT: | August 22, 2017: Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or the "Company") today announces drill results from its 2017 Spring/Summer Exploration Program, at the 100% controlled Unga Gold Project in Alaska. Final assay results are now received and compiled below. The program included approximately 600 soil samples, the completion of a 15.5 line-km MAG and 8.7 line-km IP geophysical survey, and a twelve (12) drill hole program totaling 2,287.8 m of HQ & NQ diamond drilling. The 2017 summer exploration drill program focused on initially testing and reviewing the geological model over a distance of an additional 400m to the southwest of the known Shumagin Gold Zone, which currently strikes over approximately 950m. The Company now has significantly more drilling information that it will apply to its updated geological model and assist in the understanding of the controls that guide the mineralization. This model will be used towards a follow-up drill program to commence in in the next 4 to 6 weeks. “Preliminary drilling has extended the known strike length of Shumagin to 1,600m by intersecting the Shumagin structure in 10 out of 12 holes, encountered visible gold 370m to the southwest in hole 17SH032, and has provided a better understanding of the geological model and mineralization controls. This has provided the key information on where to focus our next drill program and efforts at Shumigan and elsewhere within the Unga Gold Project. Geological mapping and sampling towards the southwest from Shumagin indicates a very strong expansion potential along strike for an additional approximate 3 kms towards the Orange Mountain Zone, the interpreted hydrothermal center along the Shumagin Trend.” | |
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