Red Pine Discovers Gold-Bearing Shear Zone Parallel to Minto Mine South Zone; Drills 5.4 g/t Gold over 2.2 Metres
NEWS RELEASE
Red Pine Discovers Gold-Bearing Shear Zone Parallel to Minto Mine South
Zone; Drills 5.4 g/t Gold over 2.2 Metres
Toronto, Ontario – July 12, 2018 – Red Pine Exploration Inc. (TSX -V: RPX) ("Red Pine"
or the "Company") announces results from twenty-two holes from its 2017-2018 drill
program at its Wawa Gold Project , located approximately 2 kilometres ( km) east of
Wawa, Ontario. The discovery of this gold zone (Minto Lower Zone), parallel to the Minto
Mine South Zone, is significant as it extends for over 1.5 km and its high -grade
mineralization has the potential to increase the property’s gold inventory. 3D modelling
suggests that veins of the newly discovered Minto Lower Zone may be associated with the
historic Parkhill Mine with an average recovery grade of 0.25 to 0.3 oz/ton (8.57 g/t to
10.28 g/t gold) (Tisley, 1986).
Drilling Highlights:
• Discovery of a new gold zone (Minto Lower) parallel to the Minto Mine South
Zone
• New structure has a strike length of a least 1.5 km (as indicated by
diamond drilling and surface mapping);
• SD-18-213 contains 5.4 g/t gold over 2.2 metres, including 15.83 g/t
gold over 0.6 metres;
• SD-18-212 contains 4.76 g/t gold over 1.6 metres including 12.47 g/t
gold over 0.6 metre;
• Discovery of a new gold zone in the footwall of the Surluga Deposit
• SD-17-153 contains 2.54 g/t gold over 5.4 metres including 7.76 g/t gold
over 1 metre
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, " We continue to
expand the footprint of the Wawa Gold Project with each new gold -bearing structure found.
The discovery of this additional 1.5 km long gold -bearing structure correlates well with our
understanding of the gold mineralization at the Wawa Gold Project. We plan further testing
with mechanized stripping and additional drilling.”
Table 1. Highlights of the 2017-2018 drilling results in the Wawa Gold Corridor
Hole From (m) To (m) Length (m)* Gold (g/t) Gold Zone
SD-17-153
352.8 358.2 5.4 2.54
New Footwall
Discovery
Including
353.8 354.8 1.0 7.76
357.3 358.2 0.9 5.23
SD-17-175
217.7 219.7 2.0 3.79
Minto Mine South
Including
218.7 219.7 1.0 7.03
SD-17-181A
201.8 205.9 4.1 3.00
Including
204.8 205.9 1.1 5.27
PH-18-190 204.0 205.0 1.0 6.06 Minto Lower
Discovery
SD-18-203 191.7 193.6 1.9 2.4
Minto Mine South
SD-18-207
288.3 290.5 2.2 2.57
Including
289.7 290.5 0.8 4.82
SD-18-212
262.0 263.0 1.0 5.28
Minto Lower
Discovery
275.2 276.8 1.6 4.76
Including
276.2 276.8 0.6 12.47
SD-18-213
257.7 259.9 2.2 5.4
Including
258.3 258.9 0.6 15.83
*Assay results reported over intersection length. In the Minto Mine South Zone, the intersection length s are
estimated to be between 65-95% true widths. In the Minto Lower Zone, the intersection lengths, for SD-18-212
and SD-18-213, are estimated to represent >6 0% true width. For PH -18-190, the intersection len gth is
estimated to represent 30-35% true width.
Figure 1. Plan map of drilling result
Discoveries in the Minto Gold Corridor
Red Pine’s drilling and preliminary surface mapping indicate that the newly discovered
Minto Lower Zone is parallel to the Minto Mine South Zone, has a strike length of at least
1.5 km, and remains open to the south. The modeling of the structure in 3D also reveals
that the No. 4 vein mined historically at the Parkhill Mine is part of the Minto Lower Zone.
According to Tisley (1986), the No. 4 vein in the Parkhill Mine had an average recovery
grade of 0.25 to 0.3 oz/ton (8.57 g/t to 10.28 g/t gold) for an average stope thickness of
1.83 to 2.44 metres with wider zone reaching up to 4.9 metres.
Red Pine has initiated the mechanized stripping and mapping of the new Minto Lower
structure to better understand its geometry and characterize the structural controls on
gold distribution. Once completed, the Company will conduct some additional exploration
drilling in the area.
Wawa Gold Project Background
Since December 2014, Red Pine's exploration work has involved the sampling of 42,000
m of historic core that was never sampled by previous operators of the project and
aggressive drilling campaigns. To date, the Company has completed over 50,000m of
drilling and made five discoveries along the extension of the Surluga Deposit: the Surluga
North Zone; the Hornblende -William Zone; the Minto Mine South Zone , the Minto Lower
Zone; and the Grace- Darwin Zone. These are part of the Wawa Gold Corridor, a gold -
mineralization zone that extends for more than 5 km.
Red Pine’s on -going drill program is designed to potentially expand the size of the
existing inferred gold resour ce and connect the other zones of gold mineralization along
the newly-discovered Wawa Gold Corridor.
The Company is well positioned to fund its share of the Wawa Gold exploration program.
As such, the sampling and drill programs are expected to continue through 2018.
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security -sealed bags for analyses to Activation
Laboratories Ltd. in Ancaster, 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 practices in the
sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts
external gold standards (l ow to high grade) and blanks every 20 samples in addition to
random standards, blanks, and duplicates.
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 LP . holding the
remaining 40% interest. Red Pine is the operator of the p roject and is focused on
expanding the existing gold resource on the property.
For more information about the Company visit www.redpineexp.com.
Or contact:
Quentin Yarie, President & CEO, (416) 364-7024, [email protected]
Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]
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