Redstar Gold has commenced drilling at the high-grade Shumagin Gold Zone at its 100% controlled Unga Gold Project in Alaska.
On October 5, the Company discussed the Phase 2 Drill Program, which will consist of approximately 1,500 metres of diamond drilling that will focus on outlining additional high grade gold mineralization at the Shumagin Zone along strike and at depth. The Company anticipates a larger expansive drill program in the spring of 2017, after all results from the Phase 2 program are received and modelled.
The 2016 summer exploration program at Shumagin refined new exploration targets along known structures hosting high-grade rhodochrosite-bearing breccias within dilation zones localized along the approximate 2,000 meter Shumagin Gold Zone. The drill program is targeting a seven (7) drill hole program that will test an approximate 1000 meter strike length of the Shumagin Zone, including the Shumagin Main Zone, the Bunker Hill Zone, and a new zone identified as the East Zone. Please visit the Company's website and refer to the October 2016 Corporate Presentation on page 26 for approximate locations of the drill holes.
Redstar's President & CEO, Peter A. Ball, commented, "We are pleased that in less than a week from mobilizing our technical team to our Unga Gold Project, the camp has been set up, drill pads prepped and the drill rig is now turning. We look forward to execution of the drill program and the prompt delivery of assay results to the market over the coming weeks."
About The Unga Gold Project
The 100% controlled Unga Gold Project covers key strategic portions of adjacent Unga and Popof Islands, approximately 900 kilometers southwest of Anchorage, Alaska. Redstar controls a 240 square kilometer land package that is host to numerous structurally controlled, volcanic hosted intermediate-sulfidation epithermal high-grade vein, breccia, stockwork and disseminated gold-silver occurrences.
The Unga Project has excellent infrastructure, including direct daily flights from Anchorage, a deep-sea port and a temperate climate. The former Apollo-Sitka gold mine, located on the southern Apollo-Sitka Trend, was Alaska's first underground gold mine and the site of historic high-grade gold production.
Jesse C. Grady, MSc, CPG-11592, is a Qualified Person as defined by NI 43-101. Mr. Grady has prepared and approved the technical information contained within this release.