Redstar Gold to Drill its Unga Gold Project, Alaska

Vancouver, BC / ACCESSWIRE / March 31, 2015 / Redstar Gold Corporation (RGC: TSX.V) (“Redstar” or the “Company’) announces that it plans to commence in April, a diamond drilling program of approximately 1,500 metres on its high grade Unga Gold project (the “Project”) in Alaska. The Phase 1 drill program will primarily focus on outlining the high grade gold mineralization at the Shumagin prospect. The Company has received all necessary permits required for drilling from the Alaska Department of Natural Resources with the key permits valid for five years.

The drill program is the first to be undertaken since 2011 and will augment the considerable existing data base of over 50 historic holes of the high grade Shumagin gold prospect. The program follows encouraging results from the 2014 summer surface exploration program at the Project, which were detailed in press releases of December 11th and 22nd, 2014, a comprehensive review of all the historic drill core, a detailed audit of the historic assay data, and a re-evaluation of the potential mode of emplacement of the mineralizing fluids.

The Shumagin Prospect is the highest priority target amongst numerous high grade targets that exist in the district that have a combined strike length of approximately 20 km. In addition to the numerous targets along the Shumagin and Apollo-Sitka Trends on Unga Island; Redstar is exploring the Centennial prospect on nearby Popof Island that hosts an extensive surface exposure of gold mineralization. Further information can be found at http://www.redstargold.com/s/Unga.asp

About Redstar Gold Corporation

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 Project which was initially acquired in 2011. The Unga Project contains several high-grade gold/silver vein systems, two of which Apollo & Sitka were sites of historically reported high-grade gold production from 1886-1922.

Redstar also owns 30% of the Newman -Todd Gold project, in Red Lake, Ontario, which is being operated by Confederation Minerals. 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 also owns 10 properties in Nevada that have been optioned out but over which Redstar has retained royalties and additional economic rights.

Jesse C. Grady, MSc, CPG-11592 is a qualified person as defined by National Instrument 43-101 and has reviewed this news release

Redstar Gold Corporation (RGC: TSX.V)

Ken Booth
President and CEO,
Tel.: +1.604.488.0051
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.

SOURCE: Redstar Gold Corporation 

ReleaseID: 427380