Red Pine Adds Land Package at its Wawa Gold Project and Provides Update on Exploration Program
NEWS RELEASE
June 8, 2017
Red Pine Adds Land Package at its Wawa Gold Project and Provides
Update on Exploration Program
Toronto, Ontario – June 8, 2017 - Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or
“the Company”) announces that it has secured an additional 58 hectares at its Wawa Gold
Project, bringing its total land package to 5,568 hectares (Figure 1).
Quentin Yarie, President and CEO of Red Pine, stated, "We have added the area situated
directly to the west of the Surluga Deposit to our land package . Securing these mineral
rights continues to consolidate Red Pine’s holdings within the boundary of the Wawa -Gold
Project.”
Figure 1. Location map of newly acquired exploration ground
Exploration Program Update
Red Pine announced on May 17, 2017 that it had expanded its drilling program and
mobilized a second drill to potentially expand the size of the existing gold resource at the
Wawa Gold Project. With two drills rigs in constant operation, the lab has been unable to
keep up with Red Pine’s aggressive exploration program, resulting in a substantial
backlog. Red Pine is awaiting the assay results for approximately 6,000 metres of drilling.
Quentin Yarie, Red Pine’s President and CEO commented, “Our flow of news and results
has been significantly impacted by the backlog of samples waiting for analysis at the
laboratory. We are currently waiting to receive assay results for more than 1,500 samples.
We are taking steps to remedy this situation and expect to eliminate the backlog by the end
of the summer.”
Despite pending assay results for over 20 drill holes drilled on the Parkhill, Minto and
Surluga areas, the 20,000 metres drill program continues. One of the drills is focused on
expanding the existing inferred gold resource while the other is focused on connecting
other zones of gold mineralization (the Wawa Gold Corridor) recently discovered through
drilling and other exploration techniques.
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security -sealed bags for analyses to SGS in
Cochrane, Ontario. Individual samples are labeled, placed in plastic sample bags and
sealed. Groups of samples are then placed into durable rice bags and then shipped. The
remaining coarse reject portions of the samples remain in storage if further work or
verification is needed.
Red Pine has implemented a quality-control program to comply with best pr actices in the
sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts
external gold standards (low to high grade) and blanks every 20 samples in addition to
random standards, blanks, and duplicates.
About the Wawa Gold Project
Highlights
100% owned land position between JVA
2 k m southeast of the Municipality of Wawa, Ontario , close to roads, power and
other infrastructure
8 past producing mines on property with historical production of 120,000 oz gold
at 9.04 g/t average grade1
> 1M oz Inferred Gold Resource at 1.71 g/t (0.5 g/t cut-off)2
o Near surface mineralization
o Open in all directions
Considerable Growth Potential
o Potential for multi-million ounces resource
o Newly discovered high-grade gold zones in many areas on property
o Gold mineralization extends 5 km in length
Preliminary Metallurgical Study Underway
o Optimization of gold and silver recoveries
Qualified Person
Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and
approving the scientific and technical content of this news release.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold and base -metals exploration company headquartered
in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture
Exchange under the symbol "RPX".
Red Pine has a 60% interest in the Wawa Gold Project with Citabar LLP . holding the
remaining 40% interest. Red Pine is the Operating Manager of the Project and is focused
on expanding the existing gold resource on the property.
For more information about the Company visit www.redpineexp.com
Or contact:
Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]
1Mineral Resource Statement , Surluga -Jubilee Gold Deposit, Wawa Gold Project, Ontario, SRK Consulting
(Canada) Inc. (effective May 26, 2015)). The report is available on www.SEDAR.com under Red Pine’s profile.
2NI 43-101 inferred resource of 1,088,000 ounces of gold a t a 1.71 grams per tonne (g/t) using a 0.40 g/t
gold cut-off grade for pit -constrained and 2.50 g/t gold cut -off grade for underground -constrained resources,
contained in 19.82 mill ion tonnes open along strike and at depth. The Cut-off grades are based on a gold price
of US$1,250 per once and a gold recovery of 95 percent (Mineral Resource Statement*, Surluga -Jubilee Gold
Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada) Inc (effective May 26, 2015)).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward -looking statements. In some cases, you can identify forward -looking
statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”,
“predicts”, “potential” or “continue” or the negative of the se terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks, uncertainties and other factors that
may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or achievements expressed or implied by these
forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward -looking
information in this news release are reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release. The Company disclaims any intention or obligation to
update or revise any forward -looking info rmation, whether as a result of new information, future events or
otherwise, other than as required by law.