Redstar Intersects New Bulk Tonnage Gold System

Redstar Intersects New Bulk Tonnage Gold System

VANCOUVER, BC – Redstar Gold Corp. and International ower Hill Mines reported initial results from drilling at the North Bullfrog Project in southwestern Nevada. Drilling on the Mayflower target has returned broad zones with significant gold mineralization, including 51.8 metres grading 2.02 g/t gold (including 9.1 m grading 7.18 g/t) and 29 metres grading 1.70 g/t gold (including 15.2 m grading 2.87 g/t). These two intervals contain high-grade cores of 1.52 m grading 22.90 g/t and 14.20 g/t, respectively.
Scott Weekes, President of Redstar, stated: “We are very pleased with the results of our first drill program at Mayflower and the initial results indicate the potential to develop a significant, near surface bulk-tonnage resource. A total of six high priority target areas have been identified on the North Bullfrog property and the results to date indicate the potential for the development of a series of deposits within this extensive gold system. At Mayflower, broad, steeply dipping zones of gold mineralization near surface highlight the potential to develop an open pit, bulk tonnage resource. Our partners, International Tower Hill Mines, have taken a very aggressive approach to exploration on the North Bullfrog property and have completed approximately half of the work commitment required to earn their initial 60% interest. Gold Fields has begun work on our two Carlin Trend properties and details of the programs will be announced shortly. The new discovery at North Bullfrog and the joint venture with Gold Fields are important milestones for our Nevada gold exploration goals.”
Dr. Jacob Margolis, U.S. Exploration Manager for Redstar, states: “The excellent results on the Mayflower vein system are certainly demonstrating the potential to yield a new Nevada gold resource. This is only 1 of 6 distinct mineralized areas in the large North Bullfrog project, and we are hopeful that other targets will also yield encouraging results. Preliminary work by our joint-venture partner, ITH, indicates that certain units within the volcanic sequence may be preferential hosts to thicker mineralized zones at Mayflower, and we need to continue to follow these ideas. Once all the data from the drilling program are compiled, we look forward to working with ITH in continuing to advance the Mayflower target.”
The 2008 drilling program completed 8,422 metres of reverse-circulation drilling in 35 holes. Twenty-four holes totaling 5,953 m have been completed at the Mayflower target, with 11 holes completed at the Air Track Hill target about 3.5 km northwest of Mayflower.
The company’s address is 615-800 West Pender Street, Vancouver,  BC V6C 2V6, 604.488.0051, fax: 604.488.0053, email: [email protected].