Vancouver, BC, Canada / TNW-ACCESSWIRE / January 14th, 2015 / Redstar Gold Corp. (RGC: TSX.V)
The Board of Directors of Redstar Gold Corp. (the Company) is pleased to announce new appointments to the Board.
Subject to appropriate Regulatory approval, the Board has elected Mr. Robert (Rob) McLeod and Mr. Sean Keenan to join the Redstar Gold Corp. board.
Mr. McLeod, P.Geo, has over twenty years' experience in mining and mineral exploration, working for a variety of major and junior mining companies. He is a highly technical, creative and innovative exploration geologist. Rob is a graduate of Geology from the University of British Columbia, with an M.Sc. in Mineral Exploration from Queens University. He is a member of AMEBC as a Professional Geologist, and is an active member and volunteer in multiple industry and geological societies.
Rob is the President and CEO of IDM Mining and CEO of Copperbank Resources. He was previously founder and VP Exploration of Underworld Resources which was acquired by Kinross Gold. Rob has also worked in senior positions at Miramar Mining and Atna Resources. He is currently a director of Independence Gold Corp. and Gold Standard Ventures.
Mr. Keenan has more than 17 years' experience in mining and mining finance. Until 2013 he worked with Resource Capital Funds, a leading private equity fund focused on investments in the mining sector. Between 2000 and 2006 he worked with BMO Capital Markets, initially in its Precious Metals Equity Research team based in New York where he covered senior and intermediate gold, silver and PGM producers, and later in its Corporate and Investment Banking division in Toronto where he was involved in more than $1.4B in financing and M&A mandates in the mining and metals industry.
Sean began his career as an underground gold mine geologist in Western Australia. Sean holds a B.Sc (Honours) in Geology from the University of Western Australia and a M.Sc in Mineral Project Appraisal from the Imperial College of Science, Technology and Medicine, University of London.
Jacques Vaillancourt, Executive Chairman of Redstar, stated "We are delighted to have these two first rate independent directors joining our board. They happen to both be geologists with complementary skills and talents. Sean Keenan, having been an investment banker at BMO Capital Markets prior to joining Resource Capital Funds (RCF, is one of the largest Private Equity funds in the world focused solely on mining) provides exceptional capital market and valuation insights. Rob McLeod is an extraordinary geologist and mining entrepreneur who has sold companies to senior mining companies and he has deep insights into what drives junior mining companies forward. We are pleased and proud to have these gentlemen joining our board"
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 surface exploration program was completed during 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: 1(203) 940.2538 |
|Tel: 1(604) 488-0051 |Toll Free: 1(877) 310-3330 |
|Toll Free: 1(877) 488-0046 |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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