Redstar Gold Corp.
Redstar is well financed junior exploration company focused on high-grade gold exploration in North America. In Alaska, the Company is currently exploring the 100% controlled high-grade Unga Gold Project. In addition, Redstar recently sold its Nevada portfolio to NV Gold Corp. (TSX-V: NVX), in return for two (2) board seats and 29.9% of NV Gold Corp. Redstar also owns 30% of the Newman Todd Gold Project, in Red Lake, Ontario, Canada.
Unga Gold Project, Alaska
The 100% controlled Unga Gold Project covers key strategic portions of adjacent Unga and Popof Islands, approximately 950 kilometers southwest of Anchorage, Alaska. Redstar controls a 240 square kilometer land package that is host to numerous structurally controlled, volcanic hosted intermediate-sulfidation epithermal high-grade vein, breccia, stockwork and disseminated gold-silver occurrences.
The Unga Project has excellent infrastructure, including direct daily flights from Anchorage, a deep-sea port and a temperate climate. 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 gold production.
2016/17 Exploration Program
Winter 2016/Spring 2017:
Newman-Todd Gold Project, Red Lake, Ontario, Canada
At the Newman-Todd gold project, which is located in the prolific Red Lake Greenstone belt of southwestern Ontario, Redstar Gold Corp retains a 30% interest. A Joint Venture was established to carry out further exploration and development of the project with Confederation Minerals (TSX-V: CFM). Confederation Minerals earned 70% beneficial interest in the project in March 2015.
NV Gold Corp. investment
On September 30, 2016, Redstar Gold closed the Nevada transaction with NV Gold Corp. (TSXV: NVX), where NV Gold purchased 100 per cent of Redstar’s Nevada exploration assets. Redstar received 6,172,730 common shares (approximately 29.9 per cent) of NV Gold and appointed two board members to NV Gold's board. NV Gold has since acquired the SW Pipe gold project, containing historical drilling and adjoining property controlled by Barrick Gold and Newmont Mining, and close to the world-class Pipeline gold mine.
Management and Directors
Peter A. Ball, President & Chief Executive Officer, Director
Mr. Ball comes to Redstar with over 25 years of extensive experience and leadership as a mining professional. He was Senior Vice-President, Business and Corporate Development of Columbus Gold. Mr. Ball has held various senior management roles with international precious metals mining companies.
Jesse Grady, B.Sc, M.Sc., Vice President of Exploration
Mr. Grady has previously held positions as an exploration geologist, project manager, and geological consultant for various exploration companies. Mr. Grady has extensive experience in Alaskan Exploration where he managed exploration and delineation of gold-copper deposits within Interior Alaska. He is a co-founder and President of Intercept Minerals Corp.
Grant T. Smith, CPA, CA, Chief Financial Officer
Mr. Smith is the senior partner with Clearline Chartered Accountants. He serves as the CFO for several Canadian TSX Venture companies. He also has extensive experience serving private companies.
Jacques Vaillancourt, CFA, Executive Chairman and Director
Mr. Vaillancourt has spent 30 years in finance and during that time has been involved in over $30B of financings for the natural resource sector. He is currently President & CEO of Mount Everest Finance.
Ken Booth, B.Sc., MBA, Director
Sean Keenan, B.Sc., MSc., Director
Rob McLeod, B.Sc., M.Sc., Director
Please refer to Redstar's website www.redstargold.com for complete biographies.
On November 7, 2016, Redstar Gold Corp. announced that it completed its 2016 phase 2 drill program at the Unga gold project on Nov. 4, 2016. On Oct. 14, 2016, the Company announced the commencement of the drill program, which would consist of approximately 1,500 metres of diamond drilling, focused on outlining additional high-grade gold mineralization at the Shumagin gold zone, along strike and at depth.
All drill holes intersected the targeted structure. The Company anticipates a larger expansive drill program in the spring of 2017.