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Positive Exploration Results from the Historic Sitka Gold Mine at Redstar Gold's Unga Project
(via TheNewswire) HIGHLIGHTS: - Recent geochemical and geophysical result...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Positive Exploration Results from the Historic Sitka Gold Mine at Redstar Gold's Unga Project(via TheNewswire)\n \n \nHIGHLIGHTS:\n\n\n \n\n\n- Recent geochemical and geophysical results show potential for a new gold & base metals zone\n\n\n\n- Results indicate a significant increase in strike length of Sitka mine structure\n\n\n\n- High probability gold and base metal, brownfields drill target indicated\n\n\n\n- Geophysical results confirm dip direction of structure\n\n\n\n- Sitka target represents a fourth highly prospective gold zone ready to be drilled at the Unga Project\n\n\n\n \n \nVancouver, Canada - TheNewswire - April 20th 2020 - Redstar Gold Corp. (TSXV:RGC), (OTC:RGCTF), (FRA:RGG) (\"Redstar\" or the \"Company\") Redstar has completed geophysical and geochemical studies over several areas of anomalous mineralization on Unga and Popof in order to determine the on-strike extent of known structures that have potential for new high grade gold zones. This release focuses on the results of an exploration program around the historic Sitka mine, discovered during mining at the nearby Apollo mine which was the first hard rock underground gold mine in Alaska operating from 1890 until the 1920s producing 150,000 ounces of gold with an estimated average grade of 10g/t to 15g/t Au1. The Sitka mine itself was reported to have produced several thousand of ounces of gold and was centred on an outcropping vein that was exploited by 240m of underground workings. Both Apollo and Sitka veins are reported to be on average 3m wide and are located on the Apollo-Sitka Trend 3.7km south of, and parallel to, the SH-1 high grade gold Zone (Redstar news release of 26th March, 2020 which reported a Maiden Resource of 395,825oz AuEq grading 14.2g/t Au on the SH-1 Zone on the Shumagin Trend).\n\n\n \nRedstar President John Gray said the following: \"These fieldwork results have revealed a 640m-long, brownfields drill target just to the east of what was a high-grade gold and base metals mine on Unga Island. As such, it represents a 500% increase in the potential strike length of the known Sitka vein which puts it in the same size range as both the original Apollo Mine located one kilometre to the west and the SH-1 Zone 3.7km to the north. Redstar intends to drill this high probability target at Sitka together with a group of other high priority...