Redstar Gold Corp. (RGC-TSXV) ("Redstar") is pleased to announce the initial results from a Phase II diamond drill program on the Newman Todd property in Red Lake Ontario. Highlights from the results include hole NT-036 with a 1.0 metre intersection grading 16.35 g/t gold within a 2.0 metre zone grading 12.08 g/t gold. Redstar is earning a 100% interest in the Newman Todd property from AngloGold Ashanti North America Inc.
A total of six holes was completed during the Phase II program and results have been received for the first four. Of the first four holes, one targeted the high grade mineralization intersected in 2005 (NT-033), one targeted an untested ultramafic contact (NT-034) and two targeted historic mineralization 850 metres northeast of the high grade intercept (NT-035 / NT-036).
Holes NT-035 and NT-036 targeted historic gold intercepts associated with quartz veins in rhyolite and iron formations. NT-035 was drilled to the west and intersected rhyolite with minor quartz veining with values up to 9.28 g/t gold over 1.0 metre. The hole was drilled to a depth of 125 metres and did not intersect the favorable breccia unit.
Hole NT-036 was drilled to the northwest from the same collar as NT-035. The hole collared in rhyolite with quartz veining containing values up to 6.67 g/t gold over 1.0 metre near the top of the hole. The hole was continued to a depth of 390 metres after intersecting wide zones of breccia mineralization with values up to 16.35 g/t gold over 1.0 metre within a 2.0 metre zone grading 12.08 g/t gold at a vertical depth of 189 metres. This intercept is hosted in similar breccia style mineralization to that intersected in hole NT-032 located 850 metres to the southwest (1.0 metre intersection grading 69.02 g/t gold within a 3.0 metre zone grading24.84 g/t gold, drilled in 2005). In addition to the wide zones of breccia, the hole also intersected a strongly carbonate altered ultramafic and a possible unconformity, both of which are key elements at the producing mines in Red Lake. This hole also intersected 4.17 g/t gold over 0.75 metres at a vertical depth of 275 metres in a section where visible gold was noted.
Hole NT-033 was drilled to follow-up mineralization intersected in NT-032. The hole deviated significantly ending up over 50 metres away from its intended target. Numerous low grade intersections were encountered including 3.99 g/t gold over 1.0 metre. Due to the deviation, this hole appears to have overshot the high grade target as it intersected wider zones of rhyolite and less breccia than intersected in hole NT-032.
Hole NT-034 was a reconnaissance hole designed to test an ultramafic contact. The hole intersected weakly anomalous gold values but did not intersect the ultramafic contact. Considering the possible significance of the ultramafic unit intersected in NT-036, this remains a very intriguing target that warrants further work.
Results are pending from holes NT-037 and NT-038 which were both drilled on the same section as the high grade intercept from NT-032.
Redstar's technical team now believes the breccia zone intersected in drilling continues for over 1 kilometre in strike length with a width of at least 250 metres. This extensive gold bearing zone has demonstrated the potential to host high grade mineralization.
Scott Weekes, President of Redstar, states: "Redstar is extremely pleased with the initial results from our second phase drilling at Newman Todd. Our technical team has confirmed their interpretation of large scale, wide spread brecciation with associated alteration and gold mineralization. We believe that the breccia zone can be traced for at least one kilometre and remains open along strike. The fact we are intersecting near surface gold grades within this wide spread breccia zone demonstrates the potential of the property to host a significant gold deposit. We have only begun to scratch the surface of this Red Lake gold property."
A table with all results and a drill plan map will be available on the Company's web site.
ALS Chemex of Thunder Bay and Vancouver have completed all of Redstar's analytical work for this phase of drilling. A quality control program, using specific standards, duplicates and blank samples was utilized. Mr. Robert Darney, P. Geo is the qualified person who has reviewed this release.
On Behalf of the Board,
REDSTAR GOLD CORP.