Redstar Gold Corp

Published : October 02nd, 2013

Drilling at Newman Todd Intersects High-Grade Gold

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Bull | Diamond | Gold | Market |
 

    Wednesday, October 02, 2013

Drilling at Newman Todd Intersects High-Grade Gold

10.0 metres grading 7.43 g/t gold including 0.5 metres grading 128.0 g/t gold.

Vancouver, B.C. Redstar Gold Corp. (TSX.V: RGC): ("Redstar" or the "Company") is pleased to announce assay results from the final four holes of the 2013 Diamond drill program at the Newman Todd property in Red Lake, Ontario. All four holes were drilled into the southwest end of the Hinge Zone within the Newman Todd Structure ("NTS"). See Figure 1 for a location map.

Drilling Highlights:
  • NT-161 intersected 1.5 metres of 5.13 g/t gold and 0.5 metres of 20.0 g/t gold.
  • NT-162 intersected 10.0 metres of 7.43 g/t gold including 0.5 metres of 128.0 g/t gold and 6.0 metres of 4.57 g/t gold including 0.5 metres of 49.10 g/t gold.
  • NT-163 intersected 1.5 metres of 9.97 g/t gold including 0.5 metres of 18.9 g/t gold.

Table of significant results:

Hole ID   From (m) To (m) Width (m) Au (g/t)
NT-161   82.0 83.0 1.0 5.30
NT-161 and 121.5 123.0 1.5 5.13
NT-161 and 149.0 149.5 0.5 3.00
NT-161 and 172.0 172.5 0.5 20.00
NT-162   12.0 13.0 1.0 3.66
NT-162 and 63.0 73.0 10.0 7.43
NT-162 including 63.0 64.0 1.0 3.86
NT-162 and including 71.0 71.5 0.5 128.00
NT-162 and 91.0 97.0 6.0 4.57
NT-162 including 91.0 91.5 0.5 49.10
NT-162 and 122.5 123.0 0.5 5.47
NT-163   27.0 28.0 1.0 3.97
NT-163 and 83.0 88.0 5.0 3.41
NT-163 including 85.5 87.0 1.5 9.97
NT-163 and including 85.5 86.0 0.5 18.90
NT-163 and including 86.0 87.0 1.0 5.51
NT-164 weakly anomalous but stopped short of the target depth
* Width is calculated as core length and does not imply true width of the zone. Weighted average gold intervals apply a 0.20 g/t lower cut-off. Internal dilution within reported intervals does not exceed core lengths of 3 metres unless otherwise indicated

R. Bob Singh P.Geo, President of Redstar states: "These latest results from the Hinge Zone are very encouraging as they are approximately 250 metres away from the center of the Hinge Zone and on the boundary with the Heath Bull Zone. Redstar first discovered high grade gold mineralization on the Newman Todd Property in 2005 in the Heath Bull Zone. Since that discovery, the entire Newman Todd Structure has been systematically drilled culminating in the discovery of the Hinge Zone -- a classic Red Lake Mine style of gold mineralization. The Hinge Zone currently has a strike length of approximately 525 metres and remains open at depth."

Exploration work at the Newman Todd project is funded by the operator, Confederation Minerals Ltd. (TSX.V: CFM) ("Confederation"). Pursuant to an option agreement with Redstar, Confederation can earn a 50% interest in the project by spending $5.0 million on exploration, paying Redstar a total of $250,000, and issuing Redstar 500,000 shares by November 2013. To date Confederation has spent in excess of $5.0 million on exploration on the project, paid Redstar $175,000 and issued Redstar 350,000 shares. Confederation can earn an additional 20% interest by producing an NI43-101 compliant Preliminary Economic Assessment (PEA) by November 2016.

Andrea Diakow P.Geo is the qualified person as defined by National Instrument 43-101 and has reviewed the technical content related to the disclosed drill results in this news release. Core samples from the program were cut in half using a Diamond cutting saw and were sent to Activation Laboratories Ltd. in Red Lake, Ontario, an accredited mineral analysis laboratory. All samples were analyzed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold were analyzed utilizing standard Fire Assay-Gravimetric methods. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream as part of Confederation's quality control/quality assurance program.


On Behalf of the Board,
Redstar Gold Corp

"R. Bob Singh"

R. Bob Singh P.Geo
President & CEO


TSX.V:RGC
WWW.REDSTARGOLD.COM
SUITE 615
800 WEST PENDER STREET
VANCOUVER, BC
TEL: 604.488.0051

CORPORATE INQUIRIES
Redstar Gold Corp.
Tim Mikula, Business Development
Tel: 604.488.0051
tmikula@redstargold.com


Forward-Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Redstar Gold Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected 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 securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


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.


Figure 1: Plan View of Property showing Drill Hole Location



View News Release in PDF Format:
Associated File: http://www.redstargold.com/i/pdf/2013-10-02_NR.pdf
538 KB in size, approx. 1 minute, 41 seconds to download at 56.6Kbps

Subscribe |
 

Redstar Gold Corp

EXPLORATION STAGE
CODE : RGC.V
ISIN : CA75773Q2080
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Redstar Gold is a gold exploration company based in Canada.

Redstar Gold holds various exploration projects in Canada and in USA.

Its main exploration properties are PAINTED HILLS, DRY GULCH (NEVADA), EAGLE BASIN and RICHMOND SUMMIT in USA and NEWMAN TODD in Canada.

Redstar Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 31.2 millions as of today (US$ 23.5 millions, € 19.8 millions).

Its stock quote reached its lowest recent point on December 14, 2001 at CA$ 0.01, and its highest recent level on September 23, 2011 at CA$ 0.68.

Redstar Gold has 296 950 016 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Redstar Gold Corp
4/21/2016Announces Non-Brokered Private Placement
8/8/2013Announces Non-Brokered Private Placement
7/6/2011Increases Non - Brokered Private Placement
Nominations of Redstar Gold Corp
7/26/2012Appoints Bob Singh as New Chief Executive Officer
2/23/2011Redstar appoints Mr. Alec Peck as Chief Financial Officer
2/23/2011Appoints New Chief Financial Officer
2/14/2011Redstar Gold engages Mike Niehuser (beacon rock research) fo...
Project news of Redstar Gold Corp
3/24/2015Redstar Gold Corp Announces Confederation Minerals Exercises...
12/22/2014Redstar extends known surface mineralization along the Shumi...
12/22/2014Redstar extends known surface mineralization along the Shumi...
12/5/2013Completes Purchase Of Shumagin Project
10/31/2013(Newman Todd)Confederation Exercises First Option for 50% Interest in New...
9/19/2012(Newman Todd)Continues to Intersect High-Grade Gold at Newman Todd 5.50 ...
9/19/2012(Newman Todd)Continues to Intersect High-Grade Gold at Newman Todd 5.50 M...
7/31/2012(Newman Todd)Hits Bonanza Grade Intercept at Newman Todd; 19.86 Ounces / ...
7/17/2012(Newman Todd)More High Grade Gold at Newman Todd 22.0 metres of 4.31 g/t ...
6/20/2012(Root Spring)Drilling Starts at Redstar Gold's Root Spring Project, Nevad...
5/24/2012Drilling Commences At Newman-Todd
5/16/2012Provides Update on 2012 Exploration Programs
4/18/20122012 Exploration Program Initiated at Newman-Todd
11/28/2011Intersects High-Grade Gold in Alaska Returns 21 Metres of 4....
9/12/2011Intersects Bonanza Gold Grades in Red Lake - Highlight drill...
8/16/2011High-Grade Drill Results From Red Lake
8/4/2011(Oasis Project)Centerra to Continue Drilling Redstar Gold's Oasis Project
7/21/2011(Root Spring)Options Root Spring Gold-Silver Project in Nevada to Brocade...
6/16/2011Leases Baker Project in Nevada
5/4/2011(Newman Todd)Confederation Minerals Ltd. and Redstar Gold Corp. Announce ...
4/8/2011(Newman Todd)Intersects High-Grade Gold at Newman Todd
3/14/2011(Newman Todd)Intersects Multiple High-Grade Gold Zones In Red Lake
3/2/2011(Cooks Creek)Options Nevada Project to Catalina Metals Corp.
2/17/2011(Oasis Project) Widespread Gold Mineralization Intersected At Redstar Gold'...
2/23/2010(Richmond Summit)Provides Update On The Richmond Summit Project Carlin Trend,...
2/10/2010(Oasis Project)Centerra (U.S.) Inc. To Option Redstar Gold's Oasis Project ...
2/3/2010Drilling Resumes On Redstar's High-Grade Gold Discovery In R...
4/29/2008Intersects Bulk Tonnage Gold Mineralization at its North Bul...
4/28/2008(Newman Todd)Confirms New High Grade Gold Trend in Red Lake Gold Intersec...
4/14/2008(North Bullfrog)INTERSECTS NEW BULK TONNAGE GOLD SYSTEM IN NEVADA
2/26/2008(Newman Todd)Provides Updates on Nevada and Red Lake, Ontario Drilling
Corporate news of Redstar Gold Corp
8/2/2016Redstar Gold Signs LOI with NV Gold Regarding Sale of its Ne...
7/25/2016International Epithermal Expert, Dr. Jeffrey Hedenquist, Iss...
7/11/2016Redstar Gold Completes Exploration Program at its High-Grade...
6/8/2016Redstar Gold Commences Advanced Drill Targeting Exploration ...
4/29/2016Redstar Gold Closes Non-Brokered Private Placement
4/21/2016Redstar Gold Announces Non-Brokered Private Placement
1/25/2016Redstar Gold Announces the Appointment of New President & CE...
1/21/2016Redstar Gold to present the High Grade Unga Gold Project at ...
1/20/2016Redstar Gold to Seek Partners for its Nevada Property Portfo...
12/18/2015Redstar Gold's Ken Booth Interviewed by The Gold Report
12/17/2015Redstar Gold Corp featured in The AuReport
12/15/2015Caesars Report's Thibaut Lepouttre Interviewed by The Gold R...
10/5/2015Redstar Gold Corp. Is Pleased to Announce That It Will Prese...
10/2/2015Redstar Gold Corp. Is Pleased to Announce That It Will Prese...
9/8/2015Redstar Gold Announces Non -- Brokered Private Placement
8/21/2015Redstar Gold Adopts Advance Notice Policy
3/31/2015Redstar Gold to Drill its Unga Gold Project, Alaska
2/25/2015Redstar Gold Corp announces Management changes.
2/11/2015Redstar Gold Corporation Announces New Board Appointments
12/12/2014Receives High-Grade Gold Results, Including Grades of 401 g/...
11/28/2014Redstar Retains Renmark Financial Communications Inc.
11/19/2014Strategic Acquisition Consolidating the Unga Island High-Gra...
11/19/2014Strategic Acquisition Consolidating the Unga Island High-Gra...
11/17/2014Redstar announces the appointment of Grant T. Smith as Chief...
10/30/2014Redstar Completes Renegotiation of Strategic Acquisition Con...
10/27/2014Redstar Completes Surface Field Program at its Unga Gold Pro...
10/27/2014Redstar Completes Surface Field Program at its Unga Gold Pro...
9/10/2014Redstar Gold Announces Management Appointments
8/12/2014Exploration update at Redstar's High-Grade Unga Gold Project
6/24/2014Redstar to Commence Field Work at Unga Project
3/25/2014Redstar Gold Corporation Announces Management and Board Chan...
2/24/2014Sells Nevada Database to Rennaisance Gold
2/19/2014Acquires 100% Of The Unga High-Grade Gold Project In Alaska
1/27/2014Options Nevada Properties
10/2/2013(Newman Todd)Drilling at Newman Todd Intersects High-Grade Gold
10/1/2013Early Warning Report
8/28/2013(Newman Todd)Drilling at Newman Todd Intersects High-Grade Gold 10.39 g/t...
8/21/2013Closes Non-Brokered Private Placement And Announces Appointm...
7/3/2013(Newman Todd)Drilling at Newman Todd Intersects High-Grade Gold 26.40 g/...
5/1/2013(Newman Todd)Drilling at Newman Todd Intersects High-Grade Gold 89.07 g/...
4/8/2013(Newman Todd)Drilling at Newman Todd Intersects High-Grade Gold 63.10 g/...
1/18/2013(Newman Todd)Drilling at Newman Todd Intersects High-Grade Gold and Signi...
10/24/2012(Root Spring)Root Spring Drilling Program Returns Multiple Silver-Gold In...
10/11/2012Drilling Program Begins at Redstar Gold's Baker Project, Nev...
6/22/2012Drilling intersects more high grade gold.13.0 metres of 5.71...
5/2/2012presenting at 'Making the Grade' Mining Conference
3/21/2012(Root Spring)and Brocade Metals Sample High Grade Silver and Gold at Root...
1/23/2012(Newman Todd)Intersects 27 metres of 5.95 g/t gold including 1 metre of 1...
1/18/2012Identifies New High-Grade Gold Vein System with 94.7 g/t Au ...
1/12/2012(Newman Todd)Continues to Intersect Wide Zones of Gold Mineralization wit...
12/6/2011Intersects Bonanza Grade Gold-Silver on the Unga Project, Al...
9/13/2011Begins Drilling on High-Grade Gold Target in Alaska
9/7/2011Jeff Pontius Joins Redstar Gold Corp. Board
6/20/2011Step-Out Drilling Continues to Intersect High-Grade Gold
6/13/2011Acquires High Grade Gold District in Alaska
5/24/2011Acquires High Grade Gold Project; Historic Drilling Returns...
5/9/2011(Newman Todd)Drilling Resumes at Newman Todd Gold Project in Red Lake
5/4/2011Confederation Minerals Ltd. and Redstar Gold Corp. Announce ...
4/11/2011Prepares For 2 Drills At Newman-Todd
4/15/2010Continues to Expand Gold System at Red Lake Project
5/27/2008Expands Bulk Tonnage Potential At Mayflower Gold Deposit, Ne...
5/22/2008Completes Purchase Of Nevada Database From Anglogold Ashanti
5/12/2008Begins Work on Redstar’s Carlin Trend Properties in Nevada
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RGC.V)Other OTC (RGCTF)
0.105+0.00%1.08-1.73%
TSX-V
CA$ 0.105
10/20 15:51 -
0%
Prev close Open
0.105 0.105
Low High
0.100 0.105
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.105 -%
Volume 1 month var.
675,172 -%
24hGold TrendPower© : -35
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2020320.00%0.150.02
20190.00%0.040.02
2018-61.54%0.070.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75-1.02%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.28-6.82%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.67%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.11+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.13-11.98%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.44-8.39%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32-5.88%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.95-10.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.69-8.60%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :