Confederation Minerals Ltd TSXV:CFM in joint venture with Redstar Gold Corp TSXV:RGC announced results from their Newman Todd Property in the Red Lake Gold District of Ontario. Highlights include 242 g/t gold over 0.5 metres, 69.7 g/t over 0.5 metres, 1.13 g/t over 28 metres (including 5.2 g/t over 1.5 metres), 31.1 g/t over 1 metre, 24.1 g/t over 1 metre and 12.86 g/t over 1 metre (including 24.5 g/t over 0.5 metres).
Confederation can earn a 50% interest in the project by spending $5 million in exploration by November 2013. The company can earn an additional 20% by producing a preliminary economic assessment by November 2016.
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Confederation Minerals Ltd
Redstar Gold Corp
by Greg Klein