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redstar gold corp (RGCTF) Snapshot

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redstar gold corp (RGCTF) Details

Redstar Gold Corp., a junior exploration company, acquires, explores, and develops gold mineral properties in North America. It has mineral properties in Alaska and Nevada, as well as in the Red Lake region of northwestern Ontario, Canada. The company was founded in 1983 and is based in Vancouver, Canada.

redstar gold corp (RGCTF) 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 (RGCTF) Key Developments

Redstar Gold Corp. Announces Executive Changes

The Board of Directors of Redstar announced that effective Feb. 25, 2015, Mr. Ken Booth is appointed Interim President and CEO replacing Mr. Toby Mayo who is leaving the company. Mr. Booth is currently a Director of Redstar and was Interim CEO of Redstar from March 2014 until September 2014.

Redstar Gold Corporation Announces Board Appointments

The board of directors of Redstar Gold Corporation announced new appointments to the board. Subject to appropriate regulatory approval, the Board has elected Mr. Robert (Rob) McLeod and Mr. Sean Keenan to join the Redstar Gold Corp. board. Mr. McLeod, P.Geo, has over twenty years' experience in mining and mineral exploration, working for a variety of major and junior mining companies. Rob is the President and CEO of IDM Mining and CEO of Copperbank Resources. He was previously founder and VP Exploration of Underworld Resources which was acquired by Kinross Gold. He is currently a director of Independence Gold Corp. and Gold Standard Ventures. Mr. Keenan has more than 17 years' experience in mining and mining finance. Until 2013 he worked with Resource Capital Funds, a leading private equity fund focused on investments in the mining sector.

Redstar Gold Corp. Announces Results from Unga Gold Project

Redstar Gold Corp. announced further encouraging results from its 100%-owned Unga Gold Project, where the company is exploring for high-grade, epithermal gold mineralization within an historic mining camp located on Unga Island in the Aleutian Arc of Alaska. Continuing from the company's recently announced results for work performed along the Apollo-Sitka Trend, the new results show further high-grade gold and silver results in rock samples, while positive soil and talus sampling results extend zones of known mineralization along the Shumigan Trend. The Apollo-Sitka and Shumigan Trends, both located along the southeast portion of Unga Island, are partially fault-controlled, northeast to southwest oriented semi-linear trends that transect the entirety of Unga Island. Each is more than 7,500 m long. Areas of intense alteration, and precious and base metal vein systems define both trends. As announced previously, all results from the 2014 surface program have now been received from ALS Chemex Laboratories in Vancouver. Results from the surface program, along with ongoing data compilation and auditing, are being used in the planning of a core-drilling program planned for early 2015. Shumigan Trend: 2014 surface program results: Redstar's recently completed surface sampling program tested two prospective areas along the Shumigan Trend, both known to host previously-documented mineralization: the Shumigan and Aquila Prospects. Overall results show the potential for additional mineralized areas within the vicinity of the sampling areas, as established by positive soil and talus sampling results. At Shumigan, a soil sample grid of approximately 750 m by 200 m was oriented to test the western extension of known surface and sub-surface mineralization along inferred structures, as documented by historic geological maps and trench data. Results from the survey show a gold and silver geochemical soil signature of 20 to 50 ppb Au (up to 615 ppb Au) and >0.5 g/t Ag (up to 6.8 g/t Ag) that has been defined over areas of historical trenching. This anomaly has been extended to the southwest by approximately 400 m, where anomalous values occur along the southwestern flank of a low lying ridge that abuts against an active, north draining flood plain. Rock chip sampling produced results of up to 9.93 g/t Au and 74.4 g/t Ag from quartz vein breccias and stockwork that occur in surface outcrops. At the Aquila Prospect, at the far western end of the Shumigan Trend, a series of reconnaissance soil lines placed within upland areas covering strong argillic alteration zones produced scattered results of approximately 50 ppb Au (up to 197ppb Au) and 0.5 to 1.3 g/t Ag (up to 3.51 g/t Ag). A single select rock sample of a narrow breccia vein sampled within an intense argillic alteration zone produced results of 90.2 g/t Ag.


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