Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, FRA: RGG) (“Redstar” or the “Company”) is pleased to announce that drilling has commenced at its 100% controlled high-grade Shumagin Gold Zone within the Unga Gold Project.
Redstar’s President & CEO, Peter A. Ball, stated,“Geophysical surveys performed over the Shumagin Gold Zone in April 2017, have defined multiple hidden/blind structures with significant potential to host high-grade gold mineralization. The newly defined approximate 1.6 km trace of the Shumagin Fault, a new footwall splay, and the discovery of an additional parallel footwall structure/anomaly further strengthens the exploration potential along this long-lived structure that has experienced multiple epithermal mineralizing events. Drill targets have now been defined, and our technical team have commenced a focused and methodical step-out diamond drill program southwest along the Shumagin structure towards Orange Mountain.”
The 2017 Spring Drill Program, initially totaling up to 5,000m, has commenced on the geophysical anomalies along strike to the southwest of the known Shumagin Gold Zone, with a main goal to initially trace the occurrence quartz-adularia-carbonate breccias along strike of the Shumagin Fault and the footwall splay along approximate 100m centers. Concurrent with drilling, detailed prospecting and soils sample grids will cover the entire footwall basalt/andesite within the areas of the Northern footwall anomalies to located geochemically anomalous areas along the structures that can be drill tested later during the summer.
Peter A. Ball, CEO of Redstar added, “With a strong treasury close to $6 million, the Shumagin Gold Zone is our priority heading into the 2017 Spring Exploration Program. Numerous other gold zones within the Unga Gold Project remain to be explored later in the year and provide significant opportunity for multiple gold discoveries.”