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Redstar Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1500 – 409 Granville Street
Vancouver, BC
Canada V6C 1T2
Tel No.: 604-245-5861
Toll Free No.: 1-877-310-3330
Web Site: www.redstargold.com
E-mail: info@redstargold.com
Contact Person: Peter A. Ball
Position: President, CEO & Director


Company Data

Traded Market: TSX-V; OTCQB
Traded Symbol: RGC; RGCTF
Outstanding Shares: approx. 269 million
52 Week High: $ 0.17
52 Week Low: $ 0.025
Present Price: Click Here


Introduction

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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.


Projects in Hand

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.

Project Highlights

  • District-scale high-grade intermediate epithermal sulphidation gold system:
    • ~240 sq. km land position with multiple distinct mineralized zones:
      • Shumagin, Apollo, Centennial, Orange Mountain, Zachary Bay, Amethyst, Aquila.
  • Upside Potential:
    • Contains two underexplored gold trends, the Apollo-Sitka Trend and the Shumagin Trend, that are each ~10 km long; numerous mineralized showings across each trend.
    • Both trends were subject to a renewed exploration effort by Redstar during the summer of 2014, which resulted in a targeted drilling program on the Shumagin Gold Zone of 8 holes (1,500 m) which was completed in May 2015, and followed up by a drill target exploration program in the summer of 2016.
    • Drill Results at Shumagin Zone:
      • 1.9 m of 202 g/t Au & 82 g/t Ag, 7.3 m of 11.8 g/t Au & 72.7 g/t Ag (incl. 2.0 m of 35.3 g/t Au and 209 g/t Ag), 29.6 m of 14.97 g/t Au; 3.2 m of 33.26 g/t Au and 5.5 m of 24.02 g/t Au.
  • Past Producer:
    • Host of Alaska’s first underground mine (Apollo-Sitka gold mine) with historically reported average mined grade of ~10 g/t gold and ~150,000 oz Au.
  • Historical Resource:
    • SRK completed a report on Shumagin Zone (non 43-101 compliant)
  • Potential for multiple high-grade gold/silver discoveries
  • Strong relationships with local communities and First Nations Groups

2016/17 Exploration Program

Summer 2016:

  • Completed an advanced drill targeting exploration program at the Shumagin Gold Zone, and the Empire Ridge and Orange Mountain Gold Prospects
  • Explore other known prospects within 240 sq. km district-scale property position
  • Expand and extend known mineralisation at the Shumagin high-grade gold zone
  • Dr. Jeff Hedenquist, recognized global epithermal expert, visited Unga and provided a technical report comparing the project to significant other global epithermal gold systems and indicating strong upside potential.

Winter 2016/Spring 2017:

  • A 1,500 meter diamond drill program commenced in October 2016, which will test an approximate 1,000 meter strike length of the Shumagin Gold Zone to depths of approximately 350 meters.

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.

Project Highlights

  • Discovered by Redstar in 2005
  • High Grade Gold
  • Exploration to date has identified a 1.8 km strike length, with mineralization open at depth.
  • Since 2005, 55,000 m have been drilled with 166 holes (over 87% of drill holes intersected at least 5 g/t Au)
  • Newman-Todd Structure (NTS) is up to 200 m wide with a strike length of 2.2 km, 1.8 km tested with drilling.
  • 30%/70% Joint Venture with Confederation Minerals
  • Preliminary Economic Assessment (PEA) completed in 2015

Nevada

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

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.


News Update

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.


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