Redstar Gold starts drilling programme on US gold-silver project

21 June 2012 (Last Updated June 21st, 2012 18:30)

Redstar Gold Corp has announced the commencement of a drilling programme at its Root Spring project located in west-central Nevada, US.

Redstar Gold Corp has announced the commencement of a drilling programme at its Root Spring project located in west-central Nevada, US.

The property contains an extensive gold-silver vein system and is located about 25km east of the Rochester silver mine operated by Coeur d'Alene Mines Corp.

The US Bureau of Land Management approved the drilling campaign for the project, which contains 1,120ha of unpatented mining claims.

Robert Biagioni, CEO of Brocade Metals Crop, which is carrying out the drilling campaign said the programme will evaluate the vein system over 1.2km of its exposed trend.

"It will also investigate several high priority resistivity anomalies that suggest the system continues for hundreds of metres under alluvial cover to the northwest and southeast and that additional mineralised veins and silicified zones may occur to the southwest, said Biagioni.

Brocade Metals Corp can earn a 70% interest in the Root Spring property, under an option agreement, by spending $3.5m on exploration, issuing 500,000 shares and paying $200,000 to Redstar by 31 December 2014.

Brocade will drill 16 to 20 core holes with an aggregate length of 1200m to 1500m and ALS Minerals will provide final assay results this year.