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Redstar Gold seeks new top executive

 

Last updated 3/16/2018 at 4:19am

Alaska Peninsula Alaska's first lode gold mine

Alaska State Library – Historical Collections

The Apollo Mine in 1914. This historic operation on Unga Island in Southwest Alaska produced roughly 150,000 ounces of gold from 1886 to 1922.

Redstar Gold Corp. March 7 announced that it is seeking a new chief executive officer to lead the Alaska-focused gold exploration company.

Former Redstar President and CEO Peter Ball has stepped down from the executive position and Chairman Jacques Vaillancourt is serving as interim-CEO until the board can fill the position.

Ball joined Redstar early in 2016 and served as president and CEO as the exploration company expanded upon the high-grade gold deposits at the Unga gold project in Southwest Alaska.

Jesse Grady, who served as vice president of exploration since 2015, resigned from his position in February.

The roughly 100-square-mile (250 square kilometers) Unga property blankets two high-grade gold trends – Apollo-Sitka and Shumagin – that each cut roughly six miles across Unga Island, which is just south of the Alaska Peninsula.

Apollo-Sitka hosts Apollo, a historic mine that produced roughly 150,000 ounces of gold from 1886 to 1922.

Shumagin, a parallel structural trend about 2,000 meters to the northwest, has been Redstar's primary exploration focus in recent years.

The company's 2017 program focused on expanding Shumagin zone, a 2,000-meter-long subset of this 9,000-meter (5.6 miles) structural trend.

Earlier this year, Redstar commissioned a technical report that compiles the company's exploration at Unga along with historical data from 130 years of exploration at the site of Alaska's first hardrock gold mine.

Redstar said Ball will remain involved in the Company as a member of Redstar's board of directors due to his strong commitment to the Unga Gold Project and to ensure seamless continuity.

–SHANE LASLEY

 

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