This first phase of drilling will consist of eight diamond drill holes totalling approximately 1,450 metres targeting the Shumagin Gold Zone, located on Unga Island. The Shumagin Gold Zone is part of the much larger Shumagin Trend which extends ten kilometres and parallels the ten kilometre long Apollo-Sitka Trend, three kilometres to the south. Diamond drilling on the Shumigan Gold Zone will occur in an area where historically reported holes (1983-2011) yielded high-grade gold intersections, such as more recent intercepts of:
- 29.65 m of 14.98 g/t gold and 11.5 g/t silver (Redstar hole 11SH010);
- 4.0 m of 11.70 g/t gold and 10.2 g/t silver (Redstar hole 11SH009;);
- 1.0 m of 43.90 g/t gold and 18.5 g/t silver (Redstar hole 11SH007).
The Phase-1 program has been designed to test for continuity and expansion of the existing known mineralization within the Shumagin Gold Zone along strike and at depth. A more extensive Phase-2 drill program that is planned to occur during Q2/Q3 of 2015 will continue drilling within the Shumagin Gold Zone concurrent with exploration of other known high-grade gold targets located within the Unga Gold Project.
The Unga Gold Project is a well-endowed gold-silver district scale system, where localized high-grade mineralization is thought to be part of a larger, intrusive-related magmatic system(s) with the potential to yield additional exploration targets at depth and elsewhere within the Project.
