News Releases

Redstar Gold Corp. (TSX.V:RGC) ("Redstar") has completed a mechanical stripping, mapping and surface sampling program on its Biron Bay property in Red Lake. Detailed sampling and mapping has outlined a gold mineralized structural zone within mafic and felsic volcanic rocks and sulphidized iron formations. The zone has been exposed in a series of four stripped outcrops (L1 -- L4) along a strike length of approximately 1.1 kilometer. Zones L1, L2 and L3 are interpreted to occur along a single mineralized structure whereas the L4 zone is hosted within sulphidized iron formations.

Anomalous gold values were collected along the entire strike of the exposed areas, with significant values as high as 22.10 grams per ton over 0.50 meters (see Table 1 for significant values.)

Scott Weekes, President of Redstar states: "These results are among the most significant results of any early stage surface sampling program in the Red Lake gold camp. Our stripping has exposed less than 25 per cent of the structure along the known strike length of approximately 1.1 kilometres. The structure is open to the west and east and has never been tested with drilling. We have just begun to test the potential of this area."

Table 1.

Zone  Au g/t Channel Length (m)
-------------------------------
L1     19.25      0.60
L1     8.54       0.50
L1     8.04       0.50
L1     4.94       0.60
L1     4.60       0.50
L1     4.47       0.50
L2     22.1       0.50
L2     5.97       0.50
L2     3.56       0.50
L2     2.77       1.00
L3     1.15       1.00
L4     2.70       2.00
L4     1.18       1.00
L4     7.78       0.10

Field crews are currently working on the Pipestone North and Wolf Bay properties. The Pipestone North property is located immediately north of Biron Bay and the Wolf Bay property is adjacent to the Redstar/Rubicon/AngloGold held Newman Todd property.

Once all fieldwork is completed and results are compiled a diamond-drilling program will be planned for later in the year.

The Biron Bay and Wolf Bay properties are part of a large land package in west Red Lake held by Redstar under option from Rubicon. Redstar is required to spend $2.75 million to earn a 51% interest from Rubicon in the properties and can increase this interest to 70% by fulfilling additional obligations. Redstar is currently in the second year of the four-year option agreement.

All channel samples were collected using a diamond saw and analyzed by ALS Chemex in Vancouver. Field duplicates, standards and blanks were all submitted with the channel samples as part of the company's Quality Control program. All results are reported in grams per ton and were assayed using standard metallic screen analysis. Bob Singh is the project geologist supervising the project and Bob Darney (P.Geo) is the Qualified Person as defined by NI 43-101.

On behalf of the Board,

REDSTAR GOLD CORP.

"signed"

Paddy Nicol,

Director

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or the accuracy of this news release.

TSX-V: RGC

Last: $0.020 (0.00%)

OTC: RGCTF

Last: $0.018 (8.02%)
© 2019 Redstar Gold Corp.
All rights reserved.
Disclaimer

Subscribe to our Email List