The main program Redstar has been investing their own money in is their Red Lake project called Newman Todd, which they also own 100 percent of. Originally optioned from Rubicon, Redstar's Canadian work on the sprawling Red Lake land has uncovered high-grade gold near the surface from two small, yet significant drill campaigns.
Location:
The Newman Todd Project is located in one of the highest profile richest gold mining camps in Canada, Red Lake. The property can be accessed by a series of gravel logging roads or by boat. The town of Red Lake provides all necessary infrastructure for mineral exploration including heavy machine rentals, line cutting and staking contractors, government offices (regional geologist, assessment office etc) and diamond drill contractors.
Geology:
Near surface, high grade gold within an extensive area of alteration and brecciation highlights the potential of the Newman Todd project. Multiple gold zones, strong carbonate alteration and the proximity to folded ultramafic rocks are some of the similarities of the Newman Todd mineralization to the main producing mines in the Red Lake gold camp, including Goldcorp's Red Lake and Campbell mines.
The gold mineralization at Newman Todd is hosted with an extensive breccia corridor. This corridor is defined by extensive carbonate alteration, silicification, quartz veining and sulphide/magnetite replacement zones. Drilling and geophysics has traced this zone for over 2.0 kilometres with a width up to 250 metres.
Previous Work:
Previous work by Redstar on the Newman Todd property has outlined gold values within a silicified breccia zone that can traced for at least two kilometres. Two holes, drilled 850 metres apart, both hit high grade gold values (1.0 metre intersection grading 16.35 g/t gold within a 2.0 metre zone grading 12.08 g/t gold and 1.0 metre intersection grading 69.02 g/t gold within a 3.0 metre zone grading 24.84 g/t gold) within similar looking breccias units. Both intercepts are within 200 metres of the surface.
Exploration Plans:
The Redstar technical team has defined a structural corridor with extensive alteration that contains high grade gold zones and the company is implementing an aggressive $1M drill program to take the project to the next level. The drilling, planned for early 2008, will follow up on the previous high grade gold intercepts and continue to explore the structural corridor over a distance of over 800 metres.
