Redstar Gold Corp. has reported high-grade drill results from the on-going drilling program, at the Newman Todd property, in the Red Lake Gold District, Ontario.
The work is being funded by Confederation Minerals Ltd., the operator during the earn-in period. To date, 52 drill holes totaling 20,000 metres have been completed in 2011. Drilling has focused on the Newman Todd Structure (NTS) where gold mineralization has been discovered over a strike length of 1.6 kilometres, and is where the new Hinge Zone high-grade discovery is located. The Hinge Zone has many similarities to the High Grade Zone in the main Red Lake mine (owned by Goldcorp) 20 kilometers to the east.
Scott Weekes, President of Redstar, stated: "We are extremely pleased with results from the 2011 drill program; the results to date have shown good continuity of the gold mineralizing system along the entire drilled area. In addition to the exceptional high-grade gold system in the Hinge Zone, we are also starting to see surrounding wider zones of gold mineralization with bulk tonnage potential. The grades and widths of our drilling intersections are comparable to those being intersected at Goldcorp's High Grade Zone, where narrow drill hole intercepts of high-grade account for a significant portion of the gold reserve and resource. It is important to point out that with the nature of this style of high-grade gold mineralization; significant potential can exist at depth as seen at the key gold deposits in Red Lake including Goldcorp's Main Red Lake Mine. The next phase of drilling will focus on developing a better understanding of the gold zones in three dimensions - ahead of initial resource modeling. The gold zones remain open in all directions."
Highlights from seven recently completed drill holes:
- Hole NT-087 intersects 10.60 g/t gold over 0.50 metre and 15.90 g/t gold over 1.00 metre and 11.25 g/t gold over 5.75 metres including 97.80 g/t gold over 0.50 metre and 12.80 g/t gold over 1.00 metre.
- Hole NT-087 also intersects 58.00 metres of 1.11 g/t gold.
- Hole NT-089 intersects 10.40 g/t gold over 1.0 metre.
- Hole NT-090 intersects 28.80 g/t gold over 1.0 metre.
- Hole NT-091 intersects 11.60 g/t gold over 1.0 metre.
Drill hole NT-087, drilled into the Hinge Zone, intersected five separate high-grade gold intervals, and an additional wide interval of 1.11 g/t gold over 58.0 metres.
This latest batch of results, are from drill holes within the Hinge Zone (NT-087 and NT-086), which continue to show wide spread high-grade gold mineralization, within the central part of the NTS. Holes 88 and 91 were drilled in the northeastern part of the NTS, approximately 400 metres northeast of the Hinge Zone; holes 89 and 91 were drilled in the southwestern part of the NTS, approximately 400 metres southwest of the Hinge Zone.
Gold mineralization continues to be associated with veining and silica/sulphide replacement zones, within the widespread Iron-carbonate alteration system, of the NTS. These zones have been intersected along the entire drilled strike length of the NTS - now approximately 1.6 km of the total projected 2.2 km strike length. The Hinge zone represents a major bend within the NTS, where it is proposed that hydrothermal fluids are more focused, and thus gold mineralization is more continuous. This same model is proposed for the NTS at depth were it is expected to be a more focused structure, and thus have an increase in gold bearing hydrothermal fluid movement.
Exploration work at the Newman Todd project is funded by Confederation Minerals Ltd. (Confederation). Confederation can earn a 50% interest in the project by spending $5.0 million in exploration by November 2013, and an additional 20% by producing a Preliminary Economic Assessment (PEA) by November 2016. During the earn-in period, Confederation is the operator of the project.
Core samples from the program were cut in half, using a diamond cutting saw, and were sent to Activation Laboratories Ltd. in Red Lake Ontario, an accredited mineral analysis laboratory, for analysis. All samples were analyzed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold were analyzed utilizing standard Fire Assay-Gravimetric methods. Certified gold reference standards, blanks and field duplicates were routinely inserted into the sample stream, as part of Confederation's quality control/quality assurance program.
Source: www.redstargold.com