Last C$0.04 CAD
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Volume 55.0K
As of 11:09 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

redstar gold corp (RGC) Snapshot

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Previous Close
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52 Week High
01/30/14 - C$0.09
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11/5/14 - C$0.03
Market Cap
7.2M
Average Volume 10 Days
166.3K
EPS TTM
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Shares Outstanding
180.1M
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redstar gold corp (RGC) 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.

Founded in 1983

redstar gold corp (RGC) Top Compensated Officers

Executive Chairman, Member of Compensation Co...
Total Annual Compensation: C$26.3K
Compensation as of Fiscal Year 2014.

redstar gold corp (RGC) Key Developments

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.

Redstar Gold Corp. Announces First Results from its 2014 Exploration Program at its 100% Owned Unga Gold Project

Redstar Gold Corp. announced the first results from its 2014 exploration program at its 100% owned Unga Gold Project, including rock samples with grades of up to 401 g/t gold and 266 g/t silver. Redstar is exploring for high-grade, epithermal gold mineralization within an historic mining camp located on Unga Island in the Aleutian arc of Alaska. These results are to be followed by the surface work results on the Shumigan Trend. This surface program is in preparation for a core drilling program early in 2015. All results from the 2014 surface program have now been received from ALS Chemex Laboratories in Vancouver. Results show high-grade gold and silver results in rock samples, and have extended zones of known mineralization along the Apollo-Sitka Trend from positive soil and talus sampling. 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 well over 7,500 m long. Areas of intense alteration, and precious and base metal vein systems define both trends. Results from select rock chip sampling from bedrock exposures of quartz + adularia ± carbonate stockwork veins taken from within the Apollo, Rising Sun and Empire Ridge areas are extremely encouraging. These samples returned high-grade gold and silver results with values up to 401g/t gold ("Au") and 266g/t silver ("Ag"). Results from continuous chip trench sampling of intense quartz-adularia ± carbonate stockworks within the hanging wall of the historic Sitka stope produced results of up to 30.5 g/t Au and 128 g/t Ag. A continuous gold and silver geochemical soil anomaly of >100 ppb Au (up to 821 ppb Au) and >1.3 g/t Ag (up to 21.5 g/t Ag) covering the Sitka and Apollo mine areas has been extended by approximately 1,300 m to the southwest from the Apollo open stope through Empire Ridge. The Empire Ridge prospect area received minimal surface work during.

Redstar Gold Corp Appoints Grant T. Smith as Chief Financial Officer

Redstar Gold Corp. announced the appointment of Grant T. Smith as Chief Financial Officer of the company, effective immediately. The appointment of Mr. Smith adds additional strength to the company's management, as it continues to restructure and focus on developing a North American, high-grade gold resource base. Mr. Smith is a partner at Clearline Chartered Accountants and replaces Jeannine Webb.

 

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