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Drilling at Newman Todd Intersects High-Grade Gold 89.07 g/t Gold Over 1.5m Within 7.0 Metres of 32.57 g/t Gold

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Drilling at Newman Todd Intersects High-Grade Gold 89.07 g/t Gold Over 1.5m Within 7.0 Metres of 32.57 g/t Gold

 

 

 

 

 

Redstar Gold Corp. (TSX VENTURE:RGC) is pleased to announce additional high-grade gold results from the ongoing 2013 diamond drill program at the Newman Todd property in Red Lake, Ontario.
Drilling during this phase has focused on an area within the Newman Todd Structure (“NTS”) termed the Hinge Zone. The 2013 drill program has tested along a 275 metre corridor within this zone. The entire strike length of the drilled area of the NTS is approximately 1.8 km and this strike remains untested for an additional 400 metres to the south-west.
Highlights: (see Table 1 for significant results)



--  NT-148 intersects 7.0 metres of 32.57 g/t gold including 1.5 metres of
    89.07 g/t gold and including 0.5 metres of 104.0 g/t gold.
--  NT-148 intersects 1.0 metre of 174.11 g/t gold including 0.5 metres of
    342.0 g/t Gold
--  NT-142 intersects 6.0 metres of 13.19 g/t gold including 1.0 metre of
    36.40 g/t Gold
--  NT-145 intersects 3.0 metres of 9.5 g/t gold including 0.5 metres of
    26.5 g/t gold

 

 

Discussion of Results:
Hole NT-148 was targeted on Section 1975 which is at the northeast margin of the Hinge Zone. Previous drilling in this area had identified a felsic volcanic unit which crosscuts the NTS and has gold along its margins. To date, at least 5 holes have intersected the Fv1 unit and all of them have intersected gold along the contact. The Fv1 unit has been traced within the NTS for approximately 100 metres and remains open in all directions. Most of the gold intersected to date at Newman Todd has been within silica-sulphide – magnetite replacement zones of the earlier carbonate alteration / carbonate host rocks. Hole NT-148 has intersected both lithologically controlled and replacement style gold mineralization.
R. Bob Singh, P.Geo, President of Redstar states, “These latest results from Newman Todd confirm our early interpretations that wider zones of high-grade gold at Newman Todd may be controlled by lithology. This lithological control to the high-grade-zone at the Red Lake Mine is well documented and it is why Redstar first acquired the Newman Todd property. The identification of the Fv1 unit is a big step forward in targeting. Units similar to Fv1 exist along the entire strike of the NTS and in fact have been intersected in drilling since 2005 with gold along the contacts.”

 

 



Table 1: Significant Results

--------------------------------------------------------------------
                                  From        To     Width        Au
Hole                               (m)       (m)    (m)(i)     (g/t)
--------------------------------------------------------------------
NT-142                            52.0      58.0       6.0     13.19
--------------------------------------------------------------------
NT-142    including               55.0      56.0       1.0     17.30
--------------------------------------------------------------------
NT-142    and including           57.0      58.0       1.0     36.40
--------------------------------------------------------------------
NT-142    and                     79.0      97.0      18.0      3.11  1
--------------------------------------------------------------------
NT-142    including               83.0      93.0      10.0      4.45  2
--------------------------------------------------------------------
NT-142    and including           83.0      87.0       4.0      4.69
--------------------------------------------------------------------
NT-142    and including           83.0      84.0       1.0     10.40
--------------------------------------------------------------------
NT-142    and including           91.0      93.0       2.0     11.50  3
--------------------------------------------------------------------
NT-143    Anomalous Gold.
--------------------------------------------------------------------
NT-144    No significant results. Hole missed structure
--------------------------------------------------------------------
NT-145                            74.0      75.0       1.0      3.18
--------------------------------------------------------------------
NT-145    and                    124.0     134.0      10.0      3.82
--------------------------------------------------------------------
NT-145    including              126.0     129.0       3.0      9.50
--------------------------------------------------------------------
NT-145    and including          126.0     126.5       0.5     26.50
--------------------------------------------------------------------
NT-145    and including          128.0     129.0       1.0      7.69
--------------------------------------------------------------------
NT-145    and                    176.0     177.0       1.0      4.21
--------------------------------------------------------------------
NT-146                                              See table 1a
--------------------------------------------------------------------
NT-147                            91.0      95.0       4.0      3.49
--------------------------------------------------------------------
NT-147                            91.0      93.0       2.0      5.40
--------------------------------------------------------------------
NT-147                            91.0      92.0       1.0      6.31
--------------------------------------------------------------------
NT-147                           220.0     221.0       1.0      4.32
--------------------------------------------------------------------
NT-148                            10.0      18.0       8.0      3.27
--------------------------------------------------------------------
NT-148    including               13.0      16.0       3.0      7.45
--------------------------------------------------------------------
NT-148    and including           13.0      14.0       1.0     16.40
--------------------------------------------------------------------
NT-148    and                    193.0     200.0       7.0     32.57
--------------------------------------------------------------------
NT-148    including              193.0     194.0       1.0     34.90
--------------------------------------------------------------------
NT-148    and including          195.0     196.0       1.0     25.20
--------------------------------------------------------------------
NT-148    and including          198.0     199.5       1.5     89.07
--------------------------------------------------------------------
NT-148    and including          199.0     199.5       0.5    104.00
--------------------------------------------------------------------
NT-148    and                    229.0     230.0       1.0    174.11
--------------------------------------------------------------------
NT-148    including              229.0     229.5       0.5    342.00
--------------------------------------------------------------------
NT-148    and including          229.5     230.0       0.5      6.22
--------------------------------------------------------------------
NT-148    and                    275.0     280.0       5.0      3.02
--------------------------------------------------------------------
NT-148    including              278.0     279.0       1.0     11.60
--------------------------------------------------------------------
1. Approximately 39% Core recovered over this interval
2. Approximately 30% Core recovered over this interval
3. Approximately 50% Core recovered over this interval

Table 1a (non-composited assay results for Hole NT-146)

------------------------------------------------------------
                                                        Core
                    From          To          Au   Recovered
Hole ID              (m)         (m)       (g/t)         (%)
------------------------------------------------------------
NT-146              96.0        99.0        6.02         40%
------------------------------------------------------------
NT-146              99.0       105.0       16.50         13%
------------------------------------------------------------
NT-146             105.0       111.0        6.19         13%
------------------------------------------------------------
NT-146             111.0       117.0        2.05         16%
------------------------------------------------------------
NT-146             117.0       123.0        0.20         19%
------------------------------------------------------------
NT-146             123.0       126.0        2.45         55%
------------------------------------------------------------
NT-146             126.0       129.0        0.23         33%
------------------------------------------------------------
NT-146             129.0       130.0        0.04        100%
------------------------------------------------------------
NT-146             130.0       132.0        0.71         70%
------------------------------------------------------------
NT-146             132.0       135.0        4.00         53%
------------------------------------------------------------
NT-146             135.0       136.0        4.36        100%
------------------------------------------------------------
NT-146             136.0       138.0       11.80         60%
------------------------------------------------------------
NT-146             138.0       139.0        1.34        100%
------------------------------------------------------------
NT-146             139.0       141.0        0.36         70%
------------------------------------------------------------
NT-146             141.0       142.0        8.72        100%
------------------------------------------------------------
NT-146             142.0       143.0        9.91        100%
------------------------------------------------------------
NT-146             143.0       144.0        0.06        100%
------------------------------------------------------------
NT-146             144.0       145.0        3.59        100%
------------------------------------------------------------
NT-146             145.0       147.0        0.03         50%
------------------------------------------------------------
NT-146             147.0       150.0        1.27         40%
------------------------------------------------------------
NT-146             150.0       153.0        0.96         27%
------------------------------------------------------------
NT-146             153.0       156.0        1.01         47%
------------------------------------------------------------
NT-146             156.0       157.0        1.87        100%
------------------------------------------------------------
NT-146             157.0       159.0        1.55         50%
------------------------------------------------------------
(i) Width is calculated as core length and does not imply true width of the
zone. Weighted average gold intervals apply a 0.20 g/t lower cut-off.
Internal dilution within reported intervals does not exceed core lengths of
3 metres unless otherwise indicated

 

 

Exploration work at the Newman Todd project is funded by the operator, Confederation Minerals Ltd.  Pursuant to an option agreement with Redstar, Confederation can earn a 50% interest in the project by spending $5.0 million on exploration, paying Redstar a total of $250,000, and issuing Redstar 500,000 shares by November 2013. To date Confederation has spent in excess of $5.0 million on exploration on the project, paid Redstar $175,000 and issued Redstar 350,000 shares. Confederation can earn an additional 20% interest by producing a Preliminary Economic Assessment by November 2016.
Andrea Diakow, P.Geo, is the qualified person as defined by National Instrument 43-101 and has reviewed the technical content related to the disclosed drill results in this news release. Core samples from the program were cut in half using a diamond cutting saw and were sent to Activation Laboratories Ltd. in Red Lake, Ontario, an accredited mineral analysis laboratory. All samples were analyzed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold were analyzed utilizing standard Fire Assay-Gravimetric methods. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream as part of Confederation’s quality control/quality assurance program.

 

 

About Redstar
Redstar has 11 gold projects in Nevada, the Unga project in Alaska and the Newman Todd project in the Red Lake District, Ontario. In Nevada, several projects are undergoing active exploration by partners including Newmont Mining and others. The Unga project in Alaska includes the high-grade Shumagin gold deposit, the Centennial disseminated bulk-tonnage gold deposit and the Apollo-Sitka high-grade gold vein system, which produced approximately 150,000 oz. of gold in the early 20th century.

Posted May 1, 2013

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