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Redstar Gold Corp
Symbol RGC
Shares Issued 180,828,093
Close 2015-05-20 C$ 0.05
Market Cap C$ 9,041,405
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Redstar Gold finishes phase 1 drill program at Unga

2015-05-21 09:24 ET - News Release

Mr. Ken Booth reports

REDSTAR GOLD SUCCESSFULLY COMPLETES 1,500 METRE PHASE-1 DRILLING PROGRAM AT ITS HIGH-GRADE UNGA GOLD PROJECT, ALASKA

All eight drill holes of Redstar Gold Corp.'s 1,500-metre phase 1 diamond drilling program successfully encountered Shumagin-style vein mineralization at expected depths. The program has thus far proved the continuity and expansion potential for the vein system, which continues to remain open at depth and along strike.

The drilling program targeted high-grade gold mineralization at the Shumagin prospect, located on Redstar's 100-per-cent-owned Unga gold project, Alaska.

The 30-day program consisted of four drill pads constructed to facilitate drilling of two inclined holes per pad that ranged from 106 metres to 232 metres in total length. The phase 1 program was designed to 1) target various structural elevations of the Shumagin vein system ranging from sea level to minus-140 metres below sea level and 2) test for continuity of existing known mineralization along strike approximately 100 metres to the northeast.

Quality assurance/quality control

The 2015 exploration program at the Unga project includes a rigorous quality control/quality assurance program, overseen by Jesse Grady, Redstar's vice-president of exploration. All drill core samples have been shipped to ALS Minerals for preparation and geochemical analysis. Assay results are expected over the next month. Jesse Grady, MSc, CPG-11592, is a qualified person as defined by National Instrument 43-101. Mr. Grady has prepared and approved the technical information contained within this release.

Unga gold project

The Shumagin prospect is part of the Unga gold project, a district-scale gold-silver system, where localized high-grade mineralization is thought to be part of (a) larger, intrusive-related magmatic system(s) with the potential to yield additional exploration targets at depth and elsewhere within the project area.

A more extensive phase 2 drill program expected to commence later in 2015 will maintain a focus on the Shumagin prospect concurrent with exploration of other known high-grade gold targets located within the Unga gold project.

We seek Safe Harbor.

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