Vancouver, BC, Canada / TheNewswire / Feb 25th, 2015 - Redstar Gold Corp. ("Redstar or the Company") (RGC: TSX.V)
The Board of Directors of Redstar announces that effective today, Mr. Ken Booth is appointed Interim President and CEO replacing Mr. Toby Mayo who is leaving the Company.
Mr. Booth is currently a Director of Redstar and was Interim CEO of Redstar from March 2014 until September 2014. He holds a B.Sc. degree in Geology and an M.B.A. He began his career as a geologist for companies such as Falconbridge, Anaconda and Minnova. Subsequently Mr. Booth embarked on a career in Banking and Investment Banking at Scotia Bank, BMO Capital Markets and lastly, RBC Capital Markets. Since 1998 Mr. Booth has been the CEO of several public companies and is currently a director of two public exploration companies.
Jacques Vaillancourt, Executive Chairman of Redstar, says "We are grateful for Mt. Mayo's service to the company and wish him well in his future endeavors"
About RedStar Gold Corp.
Redstar is a junior exploration company focused on high-grade gold exploration in North America. In Alaska, the Company is exploring the high-grade Unga Project which was initially acquired in 2011. The Unga Project contains several high grade gold/silver vein systems, two of which Apollo & Sitka were sites of historic high-grade gold production. At Unga, a comprehensive exploration program was completed in the summer of 2014 and results will be used to determine drill targets for a first phase diamond drill program planned for early 2015.
Redstar also owns 50% of the Newman Todd Gold project, in Red Lake, Ontario, Canada. Newman Todd is a high-grade gold discovery along a 1.8 km corridor within the Newman Todd Structure (NTS). The gold mineralization in the NTS remains open along strike and at depth. Confederation Minerals, which owns the remaining 50%, can increase its interest to 70% by completing a Preliminary Economic Assessment (PEA) and by issuing to Redstar an additional 500,000 Confederation shares.
Additionally the Company has 10 properties in Nevada which have been optioned to True Grit Resources but over which Redstar has retained royalties and additional economic rights.
Redstar Gold Corp. (RGC: TSX.V)
Jacques Vaillancourt
Executive Chairman
Tel.: +44.7.802.268.247
Email: jvaillancourt@redstargold.com
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|TSX.V:RGCWWW.REDSTARGOLD.COM|CORPORATE INQUIRIES |
|SUITE 615 |Redstar Gold Corp. |
|800 WEST PENDER STREET |Paul Durham, Investor Relations|
|VANCOUVER, BC |Tel: 203.940.2533 |
|TEL: 604.488.0051 |Toll Free: 877-310-3330 |
| |pdurham@redstargold.com |
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Forward-Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Redstar Gold Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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