HIGHLIGHTS :
September 21, 2017: Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, FRA: RGG) ("Redstar" or the "Company") is pleased to announce that a 2017 Fall Drill Program is planned to commence shortly at its 100% controlled high-grade Unga Gold Project. Technical teams are on site, and drilling is expected to begin within 7 days. The 2017 Fall drilling program is planned to total up to 3,750m, which would bring the full year to a total of approximately 6,000m drilled at the Unga Gold Project.
The Fall Drill Program will target the expansion of the main Shumagin Gold Zone at depth and along strike to the northeast towards and at depth below the Bunker Hill Gold Zone. Additionally, the Company is finalizing an internal review of additional priority drill targets located within the 240-km2 land package on Unga Island in order to further understand the district wide potential. This review may result in Redstar initiating its first drill program on the Apollo-Sitka Trend, as an add-on to the Shumagin Gold Zone drill program. The Apollo-Sitka Trend is parallel to the Shumagin Trend, 3 km to the south and also extends for approximately 9 km across Unga Island, and is host to two historic mines. Of the numerous identified drill targets on Apollo-Sitka trend, the drill target being considered for inclusion in this program is known as the Rising Sun Gold Zone. Rising Sun is located 500m to the east-southeast of the former Apollo Mine.
Redstar’ s President & CEO, Peter A. Ball, stated , "With two drill rigs currently at site, and the camp in final stages of completion, our technical team has arrived back on site at the Unga Gold Project to initiate the Fall drill program. Drilling within the Shumagin Gold Zone has previously intersected multiple high grade gold intersections and with a strong treasury, the Shumagin Gold Zone is our priority heading into the 2017 Fall Exploration Program. In addition, we are finalizing our geological modeling of additional gold zones, such as the Rising Sun Gold Zone in the southern Apollo-Sitka Gold Trend, where we are planning to potentially execute a drill program on this exciting southern gold trend, which has not been drill tested in over 20 years.”
Geological Highlights of the Shumagin Gold Zone and Trend
Figure 1 – Unga Gold Project
About the Unga Gold Project
The 100% controlled Unga Gold Project is a low to intermediate-sulfidation epithermal district located along the Alaskan Peninsula on adjacent Unga and Popof Islands, approximately 950 km southwest of Anchorage, Alaska. The 240-km2 property contains numerous volcanic-hosted, structurally controlled and disseminated gold-silver mineral occurrences localized along at least two (2) regional structures (Shumagin Trend and Apollo-Sitka trends), each measuring approximately 9.5 km long. High-grade gold zones drilled or identified at surface occur within dilation zones along the regional and/or subsidiary structures and are the main exploration target-type for the project. The Shumagin Gold Zone is only one of several noteworthy gold-silver structures found on Redstar’s Unga Gold Project and is a high-priority exploration target. The former Apollo-Sitka gold mine, located on the southern Apollo-Sitka Trend, was Alaska’s first underground gold mine and the site of historic high-grade (~10 g/t Au) gold production. The Unga Gold Project has extensive infrastructure with daily flights from Anchorage landing on a one mile long paved airstrip and a deep-water port on neighboring Popof Island, and a moderate climate noting it resides at the 55th degree latitude and next to tidewater.
Jesse C. Grady, MSc, CPG-11592, is a Qualified Person as defined by NI 43-101. Mr. Grady has prepared and approved the technical information contained within this release.
About Redstar Gold Corp
Redstar is well-financed junior exploration company, with a very strong, supportive institutional shareholder base, no debt, and is focused on high-grade gold exploration and advancing its 100% controlled high-grade Unga Gold Project in Alaska. In addition, Redstar owns approximately 19.5% of NV Gold Corp. (TSXV: NVX). Redstar also owns 30% of the Newman Todd Gold Project, in Red Lake, Ontario, Canada.
On Behalf of the Board of Directors,
Peter A. Ball, President and CEO
For additional information please contact:
T: 604.245.5861
TF: 877.310.3330
E: pball@redstargold.com
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. 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.
