Redstar Gold Corp. (TSXV:RGC) acquires of a new gold project in Nevada.
The press release is quoted as saying:
The Long Island project lies along the east edge of the Toquima Range, and contains extensive silicification within caldera-related volcanic rocks, that are similar in age to the volcanic rocks that host the ~15 million ounce Round Mountain disseminated gold deposit (operated by Barrick Gold and Kinross Gold). A 50 metre thick section of silicified beds, dips gently eastward into the range front and likely extends eastward under alluvium. Unoxidized zones are locally present within the silicification and contain fine-grained disseminated pyrite. The silicification is locally anomalous in gold, arsenic, antimony and mercury.