Redstar Gold (RGC.V) is mobilizing its technical team to commence the spring exploration program on the Unga gold project within the next few days or weeks. All the data from the successful 2016 exploration season has now been analyzed and will be used as the basis for the spring exploration campaign.
CEO Peter Ball confirmed this will be one of the largest exploration programs in the history of the company, following up on the company tripling the strike length at the Shumagin gold zone, which remains open in all directions.
A ground geophysical program will start in early April to establish a geophysical fingerprint which could then be used to discover additional exploration targets on the island. Later this year, Redstar also plans to complete approximately 5,000 meters of drilling (which is more than three times as much as last year), which will go a long way in the preparatory work to establish a maiden resource estimate on the Shumagin Zone (although more drilling might be required to make the first resource estimate really count, given the narrow vein structure of the deposit).
After a brief hibernation, Redstar Gold is getting ready to make 2017 count, especially with the strengthened management team after having appointed Mark Brown as its CFO.
Redstar Gold is now also providing audio interviews on its website with more background information on the press releases it publishes, an initiative we definitely applaud.
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The author has a long position in Redstar Gold. Redstar Gold is a sponsor of the website. Please read the disclaimer
