Tuesday 27th September 2016

Resource Clips



Confederation, Red Star report Ontario Gold Assays including 5.94 g/t over 27m

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

60.6 g/t gold over 1 metre
21.6 g/t gold over 1.5 metres
1.34 g/t over 46 metres
1.56 g/t over 38 metres
3.83 g/t over 11 metres
3.41 g/t over 27.5 metres (including 145 g/t over 0.5 metres)
5.94 g/t over 27 metres (including 139 g/t over 1 metre)
7.11 g/t over 13 metres (including 114 g/t over 0.5 metres)

Confederation President/CEO Lawrence Dick commented, “These latest eight holes have returned some of the best gold intercepts from our outstandingly successful drill program which began approximately one year ago. All of the holes reported in this press release have been drilled along a corridor within a portion of the Newman Todd alteration-structural zone measuring approximately 800 metres long between the Hinge and Heath Bull Zones. Results to date show that high-grade gold zones are often associated with much wider zones of lower-grade mineralization. The data are showing us that often multiple shoots of high-grade gold occur within 30- to 40-metre-wide zones of 1-2 g/t gold material. We are now observing several areas with wide zones of lower-grade gold and in each case there are multiple, high-grade intercepts within them. Drilling has been very successful in identifying the gold-bearing structure and intersecting high-grade gold mineralization. The drill hole hit/miss ratio (ie. the number of holes drilled relative to the number of holes which intersected gold values) is 100 percent, which indicates an extremely high gold provenance for the NTS and bodes very positively for the future of the project.”

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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Contact:
Confederation Minerals Ltd
Lawrence Dick
President/CEO
604.688.9588

or Redstar Gold Corp
Tim Mikula
Business Development
604.488.0051

by Ted Niles

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