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Redstar Gold Files Maiden Resource Report on the SH-1 Gold Zone at the Unga Project, Alaska
(via TheNewswire) HIGHLIGHTS: - Maiden NI 43-101 resource report filed with r...
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[{"type":"text","content":"Redstar Gold Files Maiden Resource Report on the SH-1 Gold Zone at the Unga Project, Alaska(via TheNewswire)\n \n \nHIGHLIGHTS:\n\n\n \n- Maiden NI 43-101 resource report filed with regulator for 395,825 Oz Gold Eq1 grading 14.2 g/t Gold Eq on the SH-1 Zone.\n\n\n \n- The Technical Report demonstrates an inferred resource contained in 866,015 tonnes using a 3.5g/t Au cut-off consisting of: 384,318oz of Gold at an average grade of 13.8g/t, and; 986,321oz Silver at an average grade of 35.4g/t.\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 \nVancouver, Canada - TheNewswire - March, 26th 2019 - Redstar Gold Corp. (TSXV:RGC) US (OTC:RGCTF) (FRA:RGG) (\"Redstar\" or the \"Company\") announces the filing of a National Instrument 43-101 (NI 43-101) report with the appropriate regulatory authorities on March, 24th 2020, which can be found on SEDAR and on the Redstar website (www.redstargold.com), in compliance with IROC/TSX.V exchange listing rules for the Mineral Resource Estimate announced by Redstar on February, 10th 2020. The report, completed by William Burnett CPG -1123 of Yukuskokon Professional Services LLC, details a Maiden Resource of 395,825 of gold equivalent ounces 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, and one of numerous gold and base metal occurrences on Unga Island. 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 a...