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Redstar Gold Announces 395,825 Gold Eq1 Ounce Resource grading 14.2 g/t Gold Equivalent on Part of the SH-1 Gold Zone at the Unga Project, Alaska
(via TheNewswire) HIGHLIGHTS: - 395,825 Oz Gold Eq 1 maiden resource g...
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[{"type":"text","content":"Redstar Gold Announces 395,825 Gold Eq1 Ounce Resource grading 14.2 g/t Gold Equivalent on Part of the SH-1 Gold Zone at the Unga Project, Alaska(via TheNewswire)\n \n \nHIGHLIGHTS:\n\n\n \n\n\n- 395,825 Oz Gold Eq1 maiden resource grading 14.2 g/t gold equivalent reported on the SH-1 Zone.\n\n\n\n- The inferred resource is contained in 866,015 tonnes at a 3.5g/t Au cut-off consisting of: 384,318oz of Gold at an avg. grade of 13.8g/t Au; and 986,321oz Silver at an avg. grade of 35.4g/t Ag.\n\n\n\n- The mineralization outrops at surface for 450m along strike and has been drilled to 310m down dip at the eastern end the 9.5km long Shumagin Trend. \n\n\n\n- The SH-1 Zone's mineralization remains open along strike and at depth.\n\n\n\n- Further targets on both the Shumagin Trend and parallel Apollo-Sitka Trend to be drill tested.\n\n\n\n \n \nVancouver, Canada - TheNewswire - February, 10th 2020 - Redstar Gold Corp. (TSXV:RGC), (OTC:RGCTF), (FRA:RGG) (\"Redstar\" or the \"Company\") announces the completion of a Mineral Resource Estimation that has resulted in a Maiden 43-101 Compliant Resource within a portion of the SH-1 Zone (formerly known as the Shumagin Zone) as presented in Table 1 below. The SH-1 Zone is a sub-section of the overall 9.5km long Shumagin Trend which is characterized by multiple, high-grade gold zones and occurs in the south of Unga Island. This resource derives from the centre of the SH-1 Zone which has been traced by diamond drilling for a total of 1.7 km of strike. SH-1 is a high-grade gold zone and displays all the features of an intermediate sulfidation system including bonanza gold grades and crustiform vein textures. It is one of several known, high-grade gold occurrences on the Trend. The resource cut-off grade is based on a gold price of US$1,450/ounce and preliminary metallurgical testing that yielded recovery rates of 87.8% for gold. The deposit is open at depth and in both directions along strike \n\n\n \n(Figure 1).\n\n \n \nMineral Resource Estimate Summary SH-1 (formerly the Shumagin Zone)\n\n\n \nFebruary 07, 2020 (Table 1)\n\n \n\nGold Price USD\n\n\n\n\nCut-off Au (g/t)\n\n\n\n\n Preliminary Inferred Resource1, SH-1 Zone within Shumagin Trend\n\n\n\n\nTonnes\n\n\n\n\nAu (g/t)\n\n\n\n\nAu (oz)\n\n\n\n\nAg (g/t)\n\n\n\n\nAg (oz)\n\n\n\n\nAuEq1\n\n\n\n\nAuEq (g/t)1\n\n\n\n\n$ 2,600\n\n\n\n\n2.0\n\...