Sunday 18th November 2018

Resource Clips

Confederation, Red Star report Ontario Gold Assays as high as 2.17 g/t over 47m

Resource Clips - essential news on junior gold mining and junior silver miningConfederation Minerals Ltd TSXV:CFM and Redstar Gold Corp TSXV:RGC announced results from the Newman Todd property located in the Red Lake Gold District, Ontario. Assays include

15.58 g/t gold over 2 metres (including 29.8 g/t over 1 metre)
1.04 g/t over 59 metres (including 39.5 g/t over 0.5 metres)
3.27 g/t over 15 metres (including 36.15 g/t over 1 metre)
2.17 g/t over 47 metres (including 56.8 g/t over 1 metre)
1.52 g/t over 42 metres (including 17.1 g/t over 1 metre)

Confederation CEO Lawrence Dick stated, “We are extremely pleased with results from the 2011 drill program. Although in early stages of drilling, the data to date have shown an incredible continuity of the gold mineralizing system along the entire drilled area. With the recent discovery of high-grade mineralization at surface and the depth of the current drilling, we are confident that the depth extent of the NTS far exceeds 1 kilometre and may continue up to several kilometres in depth, in keeping with the characteristics of other major mesothermal gold deposits in the Canadian Archaean.”

Confederation can earn a 50% interest in the project by spending $5 million in exploration by November 2013, and an additional 20% by producing a preliminary economic assessment by November 2016. During the earn-in period, Confederation is the operator of the project.

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Confederation Minerals Ltd
Lawrence Dick

or Redstar Gold Corp
Tim Mikula
Business Development

by Ted Niles

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