Redstar Continues to Intersect High-Grade Gold
VANCOUVER, BC - Redstar Gold Corp reported results from the initial four holes of an ongoing drill program on the Newman Todd property in Red Lake, Ontario. The program is being funded by Central Resources Corp. who can earn up to a 60% interest in the property by spending $6.5 million in exploration and issuing 1,250,000 shares of Central to Redstar.
The latest drill results continue to expand the high-grade gold zones on the property. The main structural corridor (Newman Todd Structural Zone) that hosts the high-grade deposits has now been traced for over two kilometres and to a depth of over 300 metres. Three of the four holes intersected +20 g/t gold intervals, varying from 1.5 metres to 0.65 meters in thickness, within much thicker multi-gram intervals. Highlight intersections include 45.30 g/t gold over 0.35 metre in hole (NT-047), and 26.80 g/t gold over 1.5 metres in hole (NT-048).
Scott Weekes, President of Redstar stated: "We are extremely encouraged by the success of the first four holes of our ongoing 5000 metre drill program. Drilling to date has identified three high-grade zones of gold mineralization within the 2.0 kilometre long Newman Todd Structural Zone. These three zones remain open in all directions. We continue to be impressed by the scale of alteration of the Newman Todd system, which is on the scale of the main Red Lake Mine area. The current drill programs will continue to focus on expanding the known high-grade bodies as well as the continued broader exploration of this very productive high-grade structural zone."
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