Jeff Pontius Joins Redstar Gold Corp. Board
September 07 2011 - 8:00AM
Marketwired
Redstar Gold Corp. (TSX VENTURE: RGC) is pleased to announce Jeff
Pontius has joined the board of Redstar Gold Corp. Mr. Pontius has
over 30 years of geological experience, and a distinguished track
record of successful discoveries that includes four precious metal
deposits in North America. Most recently, as President and CEO of
International Tower Hill Mines, he led the team that discovered the
Livengood Gold Deposit in Alaska, which has a current resource of
over 20 million ounces of gold and continues to expand.
Additionally, he led the discovery and development team for the
Cripple Creek Deposit in Colorado, which is operated by AngloGold
Ashanti and contains over 15 million ounces of gold. He brings a
wealth of knowledge in geology, and corporate development, and
joins Redstar at an important time, with the advancement of the
Newman Todd high-grade gold discovery in Red Lake and the
acquisition of the district scale Shumagin project in Alaska.
Scott Weekes, President of Redstar Gold Corp., comments: "We are
extremely pleased to have Jeff join our board as we aggressively
move forward with our various gold projects. Jeff brings an
exceptional skill set of discovery, financing and corporate
development to the Redstar board and his advice will be important
as we advance the Company. With the acquisition of our Alaskan gold
project, the continued success at our Red Lake gold discovery and
our expanding portfolio of Nevada projects, Redstar is poised to
enter a significant phase of growth.
"Mr. Pontius has an impressive history with developing and
growing junior mining companies that have enhanced shareholder's
value. For the seven years prior to his position as President and
CEO of International Tower Hill Mines, he served as the US and
North American Exploration Manager for AngloGold Ashanti, was a
Director of Anglo American (USA) Exploration Inc., and was a member
of AngloGold Ashanti's regional business development team."
Mr. Pontius holds a Masters Degree from the University of Idaho
(Economic Geology), a B.Sc. from Huxley College of Environmental
Studies (Environmental Science) and a B.Sc. from Western Washington
University (Geology).
About Redstar Gold Corp.
Redstar recently acquired a high-grade epithermal gold district
in Alaska that is a good complement to the high-grade gold
discovery in Red Lake, Ontario. The Shumagin project in Alaska
includes a high-grade gold deposit with a non 43-101 compliant
resource, a bulk tonnage non 43-101 compliant resource, a historic
high-grade gold mine, and numerous high priority exploration
targets. At the Shumagin project in Alaska a drilling program is
currently being planned, and an aggressive drill program is
underway on Redstar's high-grade gold discovery at the Newman-Todd
project in Red Lake, Ontario. Along with the high-grade gold
projects in Alaska and Red Lake, the Company also has a total of 14
gold focused projects in Nevada.
The Company also wishes to announce it has agreed to grant
500,000 incentive stock options to directors and employees at an
exercise price of $0.50 for a period of five years.
On Behalf of the Board,
Redstar Gold Corp.
Scott Weekes, President
Forward-Looking Information This release includes certain
statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical
facts, that address events or developments that Redstar Gold
Corporation (the "Company") expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, and continued availability of capital and
financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are
made. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward-looking statements
in the event that management's beliefs, estimates or opinions, or
other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Redstar Gold Corp. Tim Mikula Investor Relations
604.488.0051 604.488.0053 (FAX) tmikula@redstargold.com
www.redstargold.com
Relevant Gold (TSXV:RGC)
Historical Stock Chart
From May 2024 to Jun 2024
Relevant Gold (TSXV:RGC)
Historical Stock Chart
From Jun 2023 to Jun 2024