03:25 PM EDT, 08/16/2017 (MT Newswires) -- Redstar Gold (RGC.V) said Wednesday that it received positive soil sampling results from its recent 2017 summer exploration program at its Unga gold project in Alaska, and will soon announce assays from its summer drill program.

The results have defined multiple target areas that exhibit similar geochemical signatures to the Shumagin gold zone, with a number of anomalies and structures confirmed. Follow-up prospecting work on these anomalous zones will commence during the fall Phase 2 drill program, which is scheduled to begin in September.

RedStar Gold shares were trading at $0.11 on last look, near 52-week lows of $0.10 and recovering from an intra-day low of $0.105 in the early afternoon.

Price: 0.11, Change: -0.005, Percent Change: -4.35