Redstar Gold Corp. starts drilling it’s 100% owned High Grade Unga Gold Project, Alaska

VANCOUVER, BC / ACCESSWIRE / April 29, 2015 / Redstar Gold Corp. (TSX.V:RGC) (“Redstar” or the “Company”) announces that drilling has commenced on the first hole of the Company’s 2015 drilling program. 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:

-9.65 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.

Qualified Person

All work for the 2015 drilling program is being supervised directly by Jesse C. Grady, Redstar’s Vice President of Exploration. Jesse C. Grady, MSc, CPG-11592, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

About Redstar Gold Corp.

Redstar is a junior exploration company focused on high-grade gold exploration in North America. In Alaska, the Company is exploring the high-grade Unga Gold Project which was initially acquired in 2011. The Unga Gold Project contains several high grade gold/silver vein systems, two of which, Apollo & Sitka were sites of historically reported high-grade gold production.

Redstar also owns 30% of the Newman Todd Gold project, in Red Lake, Ontario, Canada. Newman Todd is a high-grade gold discovery along a 1.8 km corridor within the Newman Todd Structure (NTS). The gold mineralization in the NTS remains open along strike and at depth. Additionally the Company has 10 properties in Nevada which have been optioned to True Grit Resources but over which Redstar has retained royalties and additional economic rights.

Redstar Gold Corporation (RGC: TSX.V)
Ken Booth, President and CEO
Tel.: +604.488.0051
Email:info@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. 

ReleaseID: 428330