GOLD – Redstar Gold Corp. Aug. 12 provided an update on exploration at its Unga Gold Project located in Southwest Alaska. The surface program is expected to last two months and will consist of extensive select, continuous-chip and gridded rock sampling along with detailed geological mapping of two of the project’s mineralized structural trends, Shumigan and Apollo. The objective of the 2014 program is to delineate drill targets with the potential to host high-grade underground mineable gold bearing structures. An exploration crew of five has been on site since late July and has re-established the camp which is now fully functioning. The camp is supported from the town of Sand Point on nearby Popof Island where supplies are delivered using local boats. Crews are initially exploring the Apollo Trend, which has yielded the only past producing mines within the project area, Apollo and Sitka. This work will include rock sampling of numerous existing mineralized trenches and open stopes followed by grid and select rock sampling along strike of defined mineralized structures. A second program will target concealed targets along the Shumigan Trend. The exploration crew will utilize grid and select sampling to target vein systems at the Aquila prospect area, which has yielded numerous high-grade hand samples and drill intercepts that have never been followed up upon. Additional prospects along the Shumigan Trend will be assessed at the tail end of the summer program. Redstar says existing all-terrain vehicle roads and trails will provide access to all of the main target areas that will be explored over the next two months. A helicopter will be used later in the program to access some of the outlying prospective areas.

COPPER/GOLD/FINANCE – Freegold Ventures Ltd. Aug. 11 said it is undertaking a ground-based geophysical survey at its Shorty Creek project, a copper-gold porphyry target located 60 miles (100 kilometers) northwest of Fairbanks, Alaska and approximately 2.5 miles (four kilometers) south of International Tower Hill’s Livengood gold project. Previous exploration at Shorty Creek identified gold, copper and pathfinder elements associated with gold-copper porphyry mineralization. Shorty Creek mineralization has similarities to gold-enriched porphyry copper deposits of Tertiary age that are found throughout Interior Alaska and the western Yukon. In addition to the geochemical signature, extensive alteration and hornfels metamorphism spatially associated with small bodies of biotite granodiorite, quartz porphyry and aplite are mapped across the property and are suggestive of this deposit type. An area of extensive alteration associated with quartz porphyry and granodiorite porphyry intrusives have been previously identified over a large area. One stream sediment sample from the middle reaches of Shorty Creek, where altered intrusive rocks are reported to be found, exceeds 550 parts per billion gold and a second exceeds 100 ppb gold. The last drill campaign completed on the project was during the 1989-1990 field season. Results from that program indicated increasing copper values with depth. Maximum depth of drilling was 500 feet (152 meters). The only other fieldwork completed on the project has been small soil and rock sampling programs.