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Redstar Gold to start phase 2 drilling at Unga project

Redstar Gold Corp. said Oct. 5 that it plans to start a phase-two drill program of about 1,500 meters at its Unga gold project in Alaska, with a view to outline additional high-grade gold mineralization at the project's Shumagin zone along strike and at depth.

The drill rig is already onsite and the company is mobilizing its technical team to start the drill program by the end of October as the 2016 summer exploration program at Shumagin helped refine new exploration targets.

Shumagin remains Redstar's highest priority target among other high grade targets in the district that have a combined strike length of about 20 kilometers.

According to Redstar President and CEO Peter Ball, the company is fully financed for the upcoming program and is well capitalized heading into 2017, as it anticipates a larger drill program in the spring next year after receiving the results from phase-two drilling.