(TheNewswire)
Vancouver, Canada - TheNewswire - October 20, 2020 -Redstar Gold Corp. (TSXV:RGC ) , (OTC :RGCTF ) , ( FRA:RGG)(" Redstar " or the " Company ") confirms reports of anearthquake, located 91 kilometers south east of Sand Point, yesterdayafternoon. Along with the earthquake, which is reported to have been7.5 on the Richter scale, Tsunami warnings were issued. The Tsunamiwas negligible at Sand Point and Unga with a sea swell ofapproximately 60cm was noted at Sand Point.
Emergency procedures were quickly followed by theRedstar Gold Exploration team on Unga Island who immediately soughthigher ground. The earthquake was felt at site, but no injuries ordamage was noted, and exploration activities have resumed today.
The exploration program on Unga Island is progressingon plan. There are three rigs currently operating at three sites,SH-1, Apollo-Sitka and Aquila. The objective is complete 6,500m to8,000m by the end of the program in November.
Contact Information
Charles Funk
Chief Executive Officer
Redstar Gold Corp
Email: charles.funk@redstargold.com
About Redstar Gold Corp.
Redstar is a well-financed junior exploration anddevelopment company with a portfolio of high-grade projects in Alaskaand Mexico. The company's flagship asset is the 100% controlled UngaGold Project on Unga and Popof Islands in Alaska. The project hostsan intermediate sulfidation epithermal gold deposit, located withinthe district-scale property that encompasses 240km 2 across the twoislands. Additional targets on the property include porphyry, highsulphidation and intermediate sulphidation epithermal veins. On UngaIsland, priority targets include: the SH-1 and Aquila high-grade goldzones, both on the Shumagin Trend, the former Apollo-Sitka mine, whichwas Alaska's first underground gold mine and the Zachary Bay porphyrygold-copper district. The gold mineralization at the Centennial Zoneis located on neighbouring Popof Island, within four kilometres ofinfrastructure and services at Sand Point.
In Mexico, the company owns 100% of three early stageepithermal projects in Sonora that are highly prospective for gold andsilver. Cumaro forms part of the El Picacho district, while the OsoNegro and La Lola projects are also prospective for epithermalgold-silver mineralization.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Forward-Looking Information. Thisrelease includes certain statements that may be deemed"forward-looking statements". Forward-looking statementsare statements that are not historical facts and are generally, butnot always, identified by the words "expects","plans", "anticipates", "believes","intends", "estimates", "projects","potential" and similar expressions, or that events orconditions "would", "may", "could" or"should" occur. Forward-looking statements in this pressrelease include Redstar's expectations that name change and shareconsolidation will take effect as planned. Although the Companybelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguaranteeing of future performance and actual results may differmaterially from those in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company's management on the date the statements aremade. Except as required by applicable securities laws, the Companyundertakes no obligation to update these forward-looking statements inthe event that management's beliefs, estimates or opinions, or otherfactors, should change.
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