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Last C$0.04 CAD
Change Today -0.005 / -11.11%
Volume 12.0M
RGC On Other Exchanges
As of 3:43 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

redstar gold corp (RGC) Snapshot

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redstar gold corp (RGC) Details

Redstar Gold Corp., a junior exploration company, explores and develops mineral properties in North America. The company explores for gold and silver ores. It owns a 100% interests in the Unga Gold project located on Unga Island in the Aleutian arc of Alaska. It also owns 30% of the Newman Todd Gold project, in Red Lake, Ontario, Canada; and 100% of 10 properties in Nevada. The company is headquartered in Vancouver, Canada.

redstar gold corp (RGC) Top Compensated Officers

Interim Chief Executive Officer, Interim Pres...
Total Annual Compensation: C$2.5K
Executive Chairman, Member of Compensation Co...
Total Annual Compensation: C$26.3K
Compensation as of Fiscal Year 2014.

redstar gold corp (RGC) Key Developments

Redstar Gold Corp. Auditor Raises 'Going Concern' Doubt

Redstar Gold Corp. filed its Annual on Jul 28, 2015 for the period ending Mar 31, 2015. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Redstar Gold Drilling Expands High-Grade Gold Mineralization 100 Metres Along Strike

Redstar Gold Corp. announced results from four step-out core holes completed during its recent eight-hole drilling program on the Shumagin Prospect, located on Redstar's 100% owned Unga Gold Project, Alaska. Results from the first two infill holes were released on June 11th, 2015 and results from the second two infill holes were released on June 23, 2015. High-grade gold/silver mineralization occurs in drill hole 15SH018 ­ intersecting 5 metres grading 9.35 g/t gold and 27.62 g/t silver; including 1.0 metre grading 41.2 g/t gold and 130.0 g/t silver. The high-grade intercept in 15SH018 occurs 100 metres to the northeast of Redstar's 2011 drill hole 11SH010 (0.55m of 738g/t gold and 408 g/t silver) and 100 metres above historic drill hole BMS-01 (5.49m of 24.02 g/t gold and 19.4 g/t silver). High-grade gold/silver mineralization occurs within a 100 metre wide, moderately plunging shoot that has been tested for 500 metres down-plunge. The drilling program has thus successfully expanded the known area of high-grade Shumagin-style vein mineralization which continues to remain open at depth and along strike. Discovery of an older, Ginguro-style (crustiform-colloform pyrite +/- marcasite) epithermal breccia vein system in the footwall below younger Shumagin-style quartz veining in every step out drill hole. This new vein system is anomalous in gold and silver (1-4 g/t gold) where Ginguro-sulfides are encountered (both veins and clasts) and exhibits contrasting epithermal geochemical signatures to Shumagin-style breccia veins with distinctly higher levels of Arsenic (As), Antimony (Sb) and Mercury (Hg). Implications that the Shumagin scarp is a structural corridor that has had a long lived history of repeated epithermal veining and high-grade mineralization.

Redstar Gold Intercepts High-Grade Gold Mineralization in All Four Infill Drill Holes

Redstar Gold Corp. announced assay results for the third and fourth core holes from its recently completed eight-hole drilling program on the Shumagin Prospect, located on Redstar's 100% owned Unga Gold Project, Alaska. Results from the first two holes were released on June 11, 2015. Highlights: High-grade gold/silver mineralization has been encountered in drill hole 15SH013 for 4.0 metres grading 11.62 g/t gold and 95.6 g/t silver, including 1.0 metre grading 20.9 g/t gold and 232 g/t silver and 1.0 metre grading 17.45 g/t gold and 122 g/t silver; Drill hole 15SH014 intercepted 3.0 metres grading 9.86 g/t gold and 8.0 g/t silver, including 1.0 metre grading 19.9 g/t gold and 16.0 g/t silver; High grade gold and silver mineralization has now been intersected in each of the first four drill holes. The infill drill holes targeted mineralization at various structural elevations across a portion of gold/silver envelopes previously incorporated into a non-43-101 compliant resource estimation. Overall the precious metal-bearing Shumagin vein system has a strike extent of over 1.2 kilometres and a depth extent of approximately 330 metres as outlined by drilling and surface trenching. The Shumagin Prospect is one of several noteworthy gold-silver structures found on Redstar's Unga Project and is a high-priority exploration target that remains open at depth and along strike. Results are pending for the remaining four expansion drill holes. Operational Strategy: In conjunction with the drill data resulting from this drill program, a Phase-2 drill program planned for later during 2015 will maintain a focus on the Shumagin Prospect concurrent with exploration of other known high-grade gold targets located within the Unga Gold Project. A major goal of future drill campaigns will be to continue with additional step-out drilling towards the northeast for an additional 350 metres where exposures of the Shumagin vein system returned high-grade intercepts at shallow depths from drilling during the 1980's (DDH26: 37.7g/t gold & 20.6g/t silver over 0.76m and 11.48g/t gold & 15.1g/t silver over 1.21m).


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