The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News – March 15, 2019
The Apollo Mine in 1914. Established in 1886, this historic operation on Unga Island was the first hardrock gold mine in Alaska.
Redstar Gold Corp. March 12 announced that John Gray, a geologist with 25 years of experience, is to be the company's new president.
Before agreeing to join Redstar, Gray served as CEO of Verde Resources, a junior exploration company that is currently in transition. He previously served as CEO of Tesoro Minerals and African Aura Resources.
"We are confident that John will bring the same energy, diligence and professionalism that he successfully brought to his previous executive role," said Redstar Gold Executive Chairman Jacques Vaillancourt. "We believe that the Redstar portfolio of projects, and most particularly our Unga project, is significant and requires the type of leadership and cooperation that John has exhibited in his previous roles and will bring to Redstar."
The roughly 100-square-mile (250 square kilometers) Unga property blankets two high-grade gold trends – Apollo-Sitka and Shumagin – that each cut roughly six miles across Unga Island, which is just south of the Alaska Peninsula.
The Apollo-Sitka trend hosts Apollo, a historic mine that produced roughly 150,000 ounces of gold from 1886 to 1922.
Shumagin, a parallel structural trend about 2,000 meters to the northwest, has been Redstar's primary exploration focus in recent years.
The company's 2017 program focused on expanding Shumagin zone, a 2,000-meter-long subset of this 9,000-meter (5.6 miles) structural trend.
Early in 2018, Redstar commissioned an Ni 43-101 technical report that compiles the company's exploration at Unga along with historical data from 130 years of exploration at the site of Alaska's first hardrock gold mine – Apollo, which operated from 1886 to 1922.
"We believe that Unga, with its dual trends of epithermal low to medium sulphidation formation with gold showings over 19 kilometers (12 miles) is currently amongst the most exciting and prospective gold exploration projects in North America," Vaillancourt said. "In the most recent 43-101 report, 32 distinct areas of mineralization and potential mineralization were defined."
Gray, which is expected to assume his role as Redstar Gold President on March 15, will also join the company's board of directors.
–SHANE LASLEY
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