Redstar Gold Corp

Published : December 12th, 2014

Receives High-Grade Gold Results, Including Grades of 401 g/t Gold at Apollo-Sitka

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Keywords :   Canada | Diamond | Gold | Gold Mines | K Street | Market | Silver |

Receives High-Grade Gold Results, Including Grades of 401 g/t Gold at Apollo-Sitka

Extends known mineralization along the Apollo-Sitka Trend through Empire Ridge

Capitalizes on consolidation of its Unga Gold Project on Unga Island, Alaska

Vancouver, Canada / ACCESSWIRE / December 11, 2014 / Redstar Gold Corp. (RGC.V) ("Redstar" or the "Company") is pleased to announce the first results from its 2014 exploration program at its 100% owned Unga Gold Project, including rock samples with grades of up to 401 g/t gold and 266 g/t silver. Redstar is exploring for high-grade, epithermal gold mineralization within an historic mining camp located on Unga Island in the Aleutian arc of Alaska. These results are to be followed by the surface work results on the Shumigan Trend. This surface program is in preparation for a core drilling program early in 2015.

All results from the 2014 surface program have now been received from ALS Chemex Laboratories in Vancouver. Results show high-grade gold and silver results in rock samples, and have extended zones of known mineralization along the Apollo-Sitka Trend from positive soil and talus sampling (Figure 1). The Apollo-Sitka and Shumigan Trends, both located along the southeast portion of Unga Island, are partially fault-controlled, northeast to southwest oriented semi-linear trends that transect the entirety of Unga Island. Each is well over 7,500 m long. Areas of intense alteration, and precious and base metal vein systems define both trends.

Redstar President and CEO, Toby Mayo, commented: "The 2014 exploration program has been highly successful. The surface results have expanded our understanding of the Apollo-Sitka Trend as a highly prospective gold and silver system, which has provided us with additional target areas to expand upon. Furthermore, it has given us the required insight to plan a far more targeted and productive drilling program than we would have achieved without this surface work. All this, along with the exceptionally high grade samples collected on the surface, gives me great optimism for the upcoming drilling campaign."


Click Image To View Full Size

Apollo-Sitka Trend: 2014 surface program results

The initial focus of the program has been on the Apollo-Sitka Trend where Redstar's surface sampling work targeted a 2,500 m long corridor of alteration and veining that includes the sites of historic underground mining. Four high-priority targets have been sampled along this corridor: the Sitka Mine area, the Apollo Mine area, the Rising Sun prospect to the northeast, and Empire Ridge to the southwest. Overall results show high-grade gold and silver rock samples are found both within, and as extensions to zones of known mineralization within the Apollo-Sitka Trend, as established by positive soil and talus sampling results.

Results from select rock chip sampling from bedrock exposures of quartz + adularia ? carbonate stockwork veins taken from within the Apollo, Rising Sun and Empire Ridge areas are extremely encouraging. These samples returned high-grade gold and silver results with values up to 401g/t gold ("Au") and 266g/t silver ("Ag"), (Figures 2a and 2b).

Results from continuous chip trench sampling of intense quartz-adularia ? carbonate stockworks within the hanging wall of the historic Sitka stope produced results of up to 30.5 g/t Au and 128 g/t Ag (Figures 3a and 3b).

A continuous gold and silver geochemical soil anomaly of >100 ppb Au (up to 821 ppb Au) and >1.3 g/t Ag (up to 21.5 g/t Ag) covering the Sitka and Apollo mine areas has been extended by approximately 1,300 m to the southwest from the Apollo open stope through Empire Ridge (Figures 2a and 2b). The Empire Ridge prospect area received minimal surface work during Alaska Apollo Gold Mines' exploration program during 1983, and Redstar plans geological mapping of this important geochemical anomaly in future exploration programs.


Click Image To View Full SizeFigure 2a. Anomalous gold in soil, talus samples and select rock samples from the Apollo-Rising Sun-Empire Ridge prospects.
Click Image To View Full SizeFigure 2b. Anomalous silver in soil, talus samples and select rock samples from the Apollo-Rising Sun-Empire Ridge prospects.
Click Image To View Full SizeFigure 3a. Gold mineralization associated with stockwork vein systems sampled in historic trenches located within the hanging wall of the Sitka Stope structure, northeastern portion of the Apollo-Sitka Trend
Click Image To View Full SizeFigure 3b. Silver mineralization associated with stockwork vein systems sampled in historic trenches located within the hanging wall of the Sitka Stope structure, northeastern portion of the Apollo-Sitka Trend

The anomalous gold + silver geochemical signature, as defined by positive rock, soil and talus results, has been correlated to zones of pervasive silicification and quartz-adularia ? carbonate veins within an envelope of intense argillic alteration that define the general geological framework of Sitka, Apollo, the Rising Sun, and the Empire Ridge prospect areas. The trend of silicification and argillic alteration continues to the southwest for approximately 4,500 m from Empire Ridge all the way to the coast of Unga Island.

Results and historic data are being analyzed and modeled with the aim of delineating drill targets for a winter core drilling program, planned to commence 1Q 2015, details of which will be announced in the New Year.

Quality assurance and control

The 2014 surface program and sampling protocol was managed and carried out by Redstar's geological staff and its consultants. All work was supervised directly by Jesse C. Grady, Redstar's Vice President of Exploration. A quality assurance/quality control ("QA/QC") protocol was used which included the random insertion of standard reference samples at the frequency of approximately one standard for every twenty samples delivered to the assay laboratory. All surface samples were securely shipped to ALS Chemex Laboratories in Fairbanks, Alaska for preparation, with fire assay and multi-element ICP analyses carried out at ALS Chemex Laboratories facility in Vancouver, British Columbia.

Qualified person

Jesse C. Grady, MSc, CPG-11592, the Company's Vice President of Exploration is a qualified person within the meaning of National Instrument 43-101. Mr. Grady has reviewed and approved the technical content of this news release.

About the 2014 surface program

Redstar initiated a surface sampling program that was completed in September 2014 (see press releases from June 24, August 12 and October 27, 2014). The program was generated to understand the surface geochemical signature and geological controls to mineralization on two major trends: (1) the Apollo-Sitka Trend; and (2) the Shumigan Trend, with the primary goal of defining areas outside of the known zones of mineralization that could warrant additional detailed exploration. The program followed the finalization of a surface use agreement between Redstar and the Unga Tribe that granted Redstar overland access use.

Along the Apollo-Sitka Trend, approximately 225 select rock samples, 224 continuous chip trench samples covering approximately 235 m to historic trenches and 669 soil/talus fine samples were collected along more than 3,200 m of strike length between the historic Sitka trenches and the California Prospect.

About Redstar Gold Corp.

Redstar is a Vancouver based junior exploration company focused on high-grade gold exploration in North America. Each of Redstar and Confederation Minerals Ltd. (TSX.V:CFM) owns 50% of the Newman Todd Project, located in Red Lake, Ontario, Canada. In Alaska, the Company is exploring the high-grade Unga Project, which it acquired initially in 2011. At Unga, a comprehensive exploration program commenced in late July 2014, and results will be used to determine drill targets for a first phase Diamond drill program. Additionally, the Company has ten properties in Nevada, which have been optioned to True Grit Resources Ltd. (NEX:TGI.H).

Renmark Financial Communications Inc.

Robert Thaemlitz: rthaemlitz@renmarkfinancial.com

Richard Dupuy: rdupuy@renmarkfinancial.com

Tel.: (416) 644-2020 or (514) 939-3989

www.renmarkfinancial.com

On Behalf of the Board,

Redstar Gold Corp.

"Toby Mayo"

Toby Mayo

President and CEO

TSX.V:RGC WWW.REDSTARGOLD.COM

SUITE 615

800 WEST PENDER STREET

VANCOUVER, BC

TEL: 604.488.0051

CORPORATE INQUIRIES

Redstar Gold Corp.

Paul Durham, Investor Relations

Tel: 203.940.2538

Toll Free:1.877.310.3330

pdurham@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 Corporation (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.

SOURCE: Redstar Gold Corp.

Read the rest of the article at finance.yahoo.com
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Redstar Gold Corp

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CODE : RGC.V
ISIN : CA75773Q2080
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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.

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