Drilling Underway on Redstar's Newman Todd Project in Red Lake, Ontario
Posted on: Thursday, 17 January 2008, 09:00 CST
Redstar Gold Corp. ("Redstar") (TSX VENTURE: RGC) today announced the start of a 3000 metre diamond drilling program on the Company's 100% owned Newman Todd project in Red Lake, Ontario. The program will be the most extensive drill program by Redstar on the project and will target areas with previously intersected high-grade gold mineralization.
Scott Weekes, president of Redstar, said, "We are very pleased to start our most aggressive exploration drilling program to date on this high-potential project. The program will continue to test the high grade gold zones intersected in previous drilling as well as test the 850 metres between the known zones. Our technical team has defined a structural corridor with extensive alteration that contains high grade gold zones and an aggressive drill program is needed to take the project to the next level. What is particularly encouraging from our past drilling is that we have intersected high grade gold close to surface and in the main Red Lake mines consistent high grade ore is typically found at depth."
Near surface, high grade gold within an extensive area of alteration and brecciation highlights the potential of the Newman Todd project. Multiple gold zones, strong carbonate alteration and the proximity to folded ultramafic rocks are some of the similarities of the Newman Todd mineralization to the main producing mines in the Red Lake gold camp, including Goldcorp's Red Lake and Campbell mines.
Previous surface work and diamond drilling has outlined a structural corridor defined by brecciation and strong silicification that can be traced for at least 1.5 km. The zone contains numerous gold intercepts including hole NT-032 which intersected 1.0 metre grading 69.02 g/t gold within a 3.0 metre zone grading 24.84 g/t gold.
About Redstar Gold Corp.
Redstar Gold Corp. is a Vancouver-based company focused on gold exploration in Nevada and Red Lake, Ontario.
For more detailed information on Redstar's Nevada projects, as well as its gold projects in the Red Lake area, please visit the company's web site at www.redstargold.com.
On Behalf of the Board,
Redstar Gold Corp.
Doug Fulcher, Director
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
Contacts: Redstar Gold Corp. Tim Mikula Investor Relations (604) 488-0051 (604) 488-0053 (FAX) Email: tmikula@amemining.com Website: www.redstargold.com B&D Capital Partners Investor Relations (604) 685-6465
SOURCE: Redstar Gold Corp.
Source: MARKET WIRE
Related Articles
- Rubicon Outlines $60 Million, Phase II Exploration Program, Red Lake, Ontario
- Canstar Resources Commences Drilling on the Slate Bay Copper-Gold Project, Red Lake; Mary March Update
- Rubicon Reports More High Grade Gold From New F2 Zone Discovery Phoenix Gold Project, Red Lake, Ontario
- Rubicon Discovers New High-Grade Gold Zone at Phoenix Gold Project, Red Lake
- Skyharbour Resources Ltd.: Drilling Resumes on Broulan Reef Gold Project, Red Lake, NW Ontario
- Cypress Development Corp.: Drilling Resumes on Broulan Reef Gold Project, Red Lake, NW Ontario
- Phase II Drilling at Madagascar's Mountain of Gold Yields Bonanza Grades: Pan African Mining Corp. Drills 5.5 Meters @ 50.81 G/T Au
- Exall Resources Limited: Significant Results Continue at Gold Eagle Property in Red Lake, Ontario
- 28.47 G/T Over 11.70 M-0.83 Ozs/T Over 38.39 Feet-Cut By DDH BC10-1 New High Grade Gold Structure Discovered at Gold Eagle Mine Property, Red Lake, ON
 |
 |
User Comments (0)
RSS Feeds