April 29, 2008
Redstar Intersects Bulk Tonnage Gold Mineralization at its North Bullfrog
Project, Nevada
21.3 meters of 1.2 g/t gold and 9.1 meters of 1.2 g/t gold
Redstar Gold Corp (TSX-V:RGC) is pleased to announce positive results from recently-completed
drilling at the North Bullfrog Project in Nevada. Significant gold mineralization was intersected at the
Air Track Hill (ATH) target in the Sierra Blanca area, including 1.16 g/t over 21.34m (0.034 opt over 70
feet) and 1.20 g/t over 9.14m (0.035 opt over 30 feet). The results confirm the potential for developing a
bulk-tonnage resource. An additional 52 claims (400 Ha) have been staked to cover potential extensions
of this mineralization. The target at Sierra Blanca is geologically similar to the Round Mountain deposit
(currently being mined by Barrick and Kinross which has produced over 10 million ounces of gold
grading 0.63 g/t) or Hycroft Deposit (produced 1.0 million ounces of gold grading 0.68 g/t). The drilling
was done by International Tower Hill Mines Ltd. (TSX-V:ITH), who can earn a 60% interest in the
project by making expenditures of $4.0 million and can earn an additional 10% (for a total of 70%) by
producing a feasibility report.
Scott Weekes, president of Redstar, states: "Our joint venture partner, ITH has now completed half of
their earn-in expenditures in very aggressive drilling programs on the North Bullfrog Project in Nevada.
This drilling has lead to two discoveries - the recently announced Mayflower Zone and now at Air Track
Hill. This new discovery is part of a much larger area of interest at the Sierra Blanca area where surface
sampling and widely-spaced historic drilling have outlined a gold geochemical anomaly that is 2 square
km. The latest 11 drill holes combined with the two holes drilled last year 600 m to the northeast clearly
establishes the potential for a large near surface bulk tonnage target. Work by Redstar and ITH has
defined near surface gold mineralization in two separate zones; at Mayflower there is a high grade near
surface target and 3 km to the northwest we have added the large bulk tonnage targets at Sierra Blanca. In
addition to the North Bullfrog Project we are also looking forward to exploration work with our joint
venture partner Gold Fields on our Carlin Trend properties. These various projects give us exposure to
several high quality projects in Nevada with exploration costs covered by our partners. With our partners
working aggressively in Nevada we can focus on our Newman/Todd project at Red Lake, Ontario. This
combination gives us a group of high quality gold exploration projects in two of the most prolific gold
camps in North America.
Hole
From
(ft)
295
75
120
5
510
To
(ft)
305
145
125
40
540
Width
(ft)
10
70
5
35
30
Gold
(opt)
0.021
0.034
0.096
0.015
0.015
From
(m)
89.92
22.86
36.58
1.52
155.45
NB-08-26
25
815
55
845
30
30
0.035
0.015
7.62
248.41
NB-08-27
295
385
315
440
20
55
0.013
0.012
89.92
117.35
NB-08-29
0
30
30
0.024
0.00
NB-08-20
NB-08-21
including
NB-08-23
NB-08-25
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To
(m)
92.96
44.20
38.10
12.19
164.5
9
16.76
257.5
6
96.01
134.1
1
9.14
Width
(M)
3.04
21.34
1.52
10.67
9.14
Gold
(g/t)
0.71
1.16
3.28
0.50
0.50
9.14
9.15
1.20
0.53
6.09
16.76
0.44
0.41
9.14
0.82
Table of Significant Results – for a complete list see Table 2
Dr. Jacob Margolis, U.S. Exploration Manager for Redstar, states: “The extent of low-grade
mineralization at Air Track Hill and the greater Sierra Blanca area is impressive, covering at least 2
square kilometers. This widespread disseminated gold system clearly contains volumes of higher grade,
and our on-going effort is to define those volumes. More importantly, we continue to investigate the
controls to the mineralization, so that we can identify possible high-grade feeder structures.”
The results from ATH are in addition to the high-grade mineralization encountered in the nearby
Mayflower target at North Bullfrog reported April 14, 2008. Eleven reverse-circulation holes were
completed at ATH for a total of 2,469m (8,100 feet), and all assays have been received (Table 1). All but
one of the 11 holes intersected mineralization exceeding 0.25 g/t. A plan map of the drilling is shown in
Figure 1.
Silicified volcanic rocks exposed at ATH contain disseminated low-grade gold mineralization, with
surface rock-chip samples reaching 1.36 g/t (0.039 opt). The goal of the 2008 drilling at ATH was to
expand and develop a better understanding of the gold mineralization. Mineralization was successfully
extended 60m (200 feet) to the north, where holes NB-08-26 and 27 intersected 1.2 g/t over 9.14m (0.035
opt over 30 feet) and 0.41 g/t over 16.76m (0.012 opt over 55 feet), respectively, and mineralization was
intersected to 900 feet below surface. Mineralization remains open to the south; the southernmost fence
of holes includes NB-08-21, with 1.16 g/t over 21.34m (0.034 opt over 70 feet). There is an area of
mineralization about 400m west of ATH where historic drilling intersected (1.99 g/t over 15.24m (0.058
opt over 50 feet), and additional exploration drilling between the two areas is warranted. In 2007, two
core holes were completed in the main Sierra Blanca area about 600m northeast of ATH and intersected
1.11 g/t over 7.6m (0.032 opt over 24.9 feet), 0.44 g/t over 12m (0.013 opt over 39.4 feet), and 0.42 g/t
over 14.7m (0.012 opt over 48.2 feet) within broader zones of anomalous gold (Figure 2). Taken
together, the results continue to indicate that Sierra Blanca contains a very large bulk-tonnage type gold
system.
The North Bullfrog Project covers approximately 17.6 square km (6.8 square miles) of unpatented and
leased patented claims about 10 km (6 miles) north of the open-pit Bullfrog Mine, where Barrick Gold
Corporation recovered about 2.3 Moz of gold from 1989 to 1999.
The work program at North Bullfrog was designed and is supervised by Dr. Russell Myers, Vice
President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for
carrying out the Company’s exploration programs), and Dr. Jacob Margolis, Exploration Manager for
Redstar Gold Corporation, who are responsible for all aspects of the work, including the quality
control/quality assurance program. On-site personnel at the project weigh and photograph samples from
each individual drill hole prior to sealing and shipped to ALS Chemex for assay. ALS Chemex's quality
system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:
1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference
material and replicate samples. Quality control is further assured by the use of international and in-house
standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO
compliant third party laboratory for additional quality control.
About Redstar Gold Corp.
TSX. V: RGC
www.redstargold.com
Suite 615
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Vancouver, BC
V6C 2V6 Canada
Tel 604.488.0051
Fax 604.488.0053
Redstar Gold Corp. is a Vancouver-based company focused on gold exploration in Nevada and Red Lake,
Ontario.
For more detailed information on Redstar’s Nevada projects, as well as its gold projects in the Red Lake
area, please visit the company’s web site at www.redstargold.com.
On Behalf of the Board,
Redstar Gold Corp
“Doug Fulcher”
Doug Fulcher
Director
Corporate Inquiries
B&D Capital Partners
Tim Mikula,
Redstar Gold Corp..
Investor Relations
Investor
Relations
Tel: 604-488-0051
Website: www.redstargold.com E-mail: [email protected] Tel: 604-685-6465
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture
Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release
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Table 2.
Air Track Hill Assay Results*
Hole
NB-08-19
NB-08-20
NB-08-21
including
NB-08-22
NB-08-23
NB-08-24
NB-08-25
NB-08-26
NB-08-27
NB-08-28
NB-08-29
From ft
To ft
130
135
185
190
355
360
370
375
445
455
475
480
485
490
295
305
0
5
60
70
75
145
120
125
405
410
460
470
485
490
500
515
0
15
150
160
5
40
no values > 0.250 g/t
370
375
510
540
25
55
285
290
295
310
345
350
685
690
700
705
780
785
815
845
890
895
910
920
995
1000
270
275
295
315
320
325
355
360
375
380
385
440
445
450
495
505
980
985
0
30
35
40
130
135
200
205
210
225
255
260
270
280
310
325
330
335
350
380
385
415
425
430
620
625
Int ft
5
5
5
5
10
5
5
10
5
10
70
5
5
10
5
15
15
10
35
5
30
30
5
15
5
5
5
5
30
5
10
5
5
20
5
5
5
55
5
10
5
30
5
5
5
15
5
10
15
5
30
30
5
5
opt Au
From m
0.008
39.62
0.008
56.39
0.041
108.20
0.014
112.78
0.014
135.64
0.014
144.78
0.016
147.83
0.021
89.92
0.008
0.00
0.013
18.29
0.034
22.86
36.58
0.096
0.014
123.44
0.017
140.21
0.015
147.83
0.016
152.40
0.017
0.00
0.010
45.72
0.015
1.52
0.014
0.015
0.035
0.014
0.009
0.007
0.015
0.011
0.007
0.015
0.010
0.012
0.009
0.007
0.013
0.009
0.007
0.008
0.012
0.013
0.009
0.011
0.024
0.008
0.008
0.019
0.011
0.008
0.007
0.010
0.008
0.010
0.009
0.008
0.017
112.78
155.45
7.62
86.87
89.92
105.16
208.79
213.36
237.74
248.41
271.27
277.37
303.28
82.30
89.92
97.54
108.20
114.30
117.35
135.64
150.88
298.70
0.00
10.67
39.62
60.96
64.01
77.72
82.30
94.49
100.58
106.68
117.35
129.54
188.98
To m
41.15
57.91
109.73
114.30
138.68
146.30
149.35
92.96
1.52
21.34
44.20
38.10
124.97
143.26
149.35
156.97
4.57
48.77
12.19
Int m
1.53
1.52
1.53
1.52
3.04
1.52
1.52
3.04
1.52
3.05
21.34
1.52
1.53
3.05
1.52
4.57
4.57
3.05
10.67
g/t Au
0.28
0.29
1.42
0.49
0.49
0.47
0.55
0.71
0.29
0.44
1.16
3.28
0.47
0.59
0.53
0.55
0.59
0.34
0.50
114.30
164.59
16.76
88.39
94.49
106.68
210.31
214.88
239.27
257.56
272.80
280.42
304.80
83.82
96.01
99.06
109.73
115.82
134.11
137.16
153.92
300.23
9.14
12.19
41.15
62.48
68.58
79.25
85.34
99.06
102.11
115.82
126.49
131.06
190.50
1.52
9.14
9.14
1.52
4.57
1.52
1.52
1.52
1.53
9.15
1.53
3.05
1.52
1.52
6.09
1.52
1.53
1.52
16.76
1.52
3.04
1.53
9.14
1.52
1.53
1.52
4.57
1.53
3.04
4.57
1.52
9.14
9.14
1.52
1.52
0.48
0.50
1.20
0.47
0.32
0.25
0.53
0.36
0.25
0.53
0.34
0.41
0.30
0.25
0.44
0.30
0.25
0.28
0.41
0.45
0.31
0.37
0.82
0.26
0.27
0.64
0.39
0.26
0.25
0.35
0.27
0.34
0.31
0.26
0.57
* Strict 0.250 g/t cutoff, mineralized intervals do not necessarily reflect true widths
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Figure 1. Plan map of 2008 Air Track Hill drill holes.
Area of Sierra Blanca
Gold Mineralization
Air Track Hill
2008 Drillholes
2007 Drillholes
500m
N
20-foot contours
Figure 2. Plan map of Sierra Blanca Gold Anomaly.
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