Saturday 21st April 2018

Resource Clips

Confederation, Redstar report Ontario Gold Assays up to 5.51 g/t over 13m

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. Highlights include

2.2 grams per tonne gold over 1 metre
1.1 g/t gold over 10 metres
2.23 g/t gold over 5 metres
1.21 g/t gold over 45 metres
(including 4.72 g/t over 4 metres)
5.71 g/t gold over 13 metres
(including 17.9 g/t over 3 metre)

Confederation President/CEO Lawrence Dick commented, “Drilling on section 1700, which is one of our more detailed sections, clearly shows continuity of the gold mineralization between drill holes. It is our belief that with additional drilling this continuity of gold mineralization exists on every cross-section throughout the Newman Todd Structure. The zone has been traced to a vertical depth of 600 metres, and there is regional geological evidence that suggests it may be several kilometres deep. It is management’s belief that this Red Lake-type system will extend to significant depth. Deeper drilling is planned.”

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. To date Confederation has spent in excess of $5.0 million dollars on exploration, paid Redstar $100,000 and issued 200,000 shares. During the earn-in period, Confederation is the operator of the project.

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Confederation Minerals Ltd
Lawrence Dick

Redstar Gold Corp
Tim Mikula
Business Development

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by Jay Currie

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