Red Pine Exploration Continues to Discover GOLD IN the Unsampled Historic Core of the Surluga Deposit - New Results Include 1.51 G/T GOLD over 59.3 Metres (True Width)
NEWS RELEASE
January 19, 2017
RED PINE EXPLORATION CONTINUES TO DISCOVER GOLD IN THE
UNSAMPLED HISTORIC CORE OF THE SURLUGA DEPOSIT - NEW
RESULTS INCLUDE 1.51 G/T GOLD OVER 59.3 METRES (TRUE
WIDTH)
Toronto, Ontario –January 19 , 2017 –- Red Pine Exploration Inc. (TSX -V: RPX) ("Red
Pine" or the "Company") has received results for holes sample d as part of its on -going
sampling program of historic core at its Wawa Gold Project. The C ompany is also
currently drilling as part of its on-going exploration program in the northern extension of
the Surluga Deposit.
New results from the sampling program include:
• 1.51 g/t gold over 5 9.3 metres in the Surluga Deposit in S247 ( calculated true
thickness) and 1.75 g/t gold over 47.46 metres (calculated true thickness); and
• an increase in the gold metal factor (sum of individual intercepts’ gold grade times
length) for 15 of the 27 sampled holes, and an average increase of the intersection
length in 9 of the 25 holes (Table 1).
New results from the on-going drilling program include:
• Evidence of folding of the Jubilee Shear Zone in SD -17-46 (59 metres calculated
true thickness) and in SD-17-47 (108 metres calculated true thickness).
Quentin Yarie, President and Chief Executive Officer of Red Pine states, " 55% of the
sampled historic holes have returned additional gold , including material containing up to
4.96 g/t gold over 1.52 metre. This provides additional evidence that high er grade material
was left un -sampled in the historic holes by the previous operators. Also, the intersection of
two zones of thickening of the Jubilee Shear Zone, in the northern extension of the Surluga
Deposit, tells us that the gold-bearing structure may retain its thickness to the north and
that it could host broad zones of gold mineralization”.
Sampling of historic core
Red Pine's current sampling of 42,000 metres of historic drilling (from 318 under ground
and 119 surface drill holes) continues to add gold in many of the sampled historic
boreholes in the Jubilee Shear Zone, and in structures of the footwall and hanging wall of
the Surluga Deposit inferred resource, which already contains 1.088 million ounces1. The
spatial distribution of the historic boreholes with notable gold metal factor increases will
positively change the current deposit model (Fig 1).
On-going Drilling Program
The on-going diamond drill program is focussed on expanding the Surluga Deposit to the
north (Fig. 1) . Hole SD -17-46 and SD -17-47 targeted the shallow northern extension of
the Jubilee Shear Zone north of the conceptual pit shell used to constrain the resource.
Both holes intersected thickened zones of the Jubilee Shear Zone related to folding of the
shear that supports the potential for wide zones of gold mineralization in the under -
explored northern extension of the structure.
Table 1 - Before and after2 intersections above 0.2 g/t gold
Hole
Before/
After
sampling
Structure From
(m) To (m) Intersection
length (m)
Calculated
True Width
(m)
Grade
(g/t
gold)
Metal
Factor
(g/t x
m)*
%
change
length
%
change
metal
factor
U0354L5
Before
Jubilee
29.26 32 2.74 2.63 3.86 10.15
255.84 10.94
After 22.25 32 9.75 9.36 1.20 11.26
U0715L5
Before
Jubilee
31.7 53.64 21.94 16.24 2.86 46.5
0 12.45
After 31.7 53.64 21.94 16.24 3.22 52.29
U0868L6 Before Jubilee
0 60.96 60.96 20.12 2.87 57.72
0 1.2
After 0 60.96 60.96 20.12 2.90 58.41
U0869L6
Before
Jubilee
0 16.76 16.76 10.06 2.96 29.81
0 0.23
After 0 16.76 16.76 10.06 2.97 29.88
Before
Jubilee
41.91 44.5 2.59 1.55 0.24 0.372
0 22.58
After 41.91 44.5 2.59 1.55 0.29 0.456
U0906L6 Before Jubilee
5.49 25.91 20.42 12.86 2.31 29.73
17.92 1.21
After 1.83 25.91 24.08 15.17 1.98 30.09
U0922L6
Before
Jubilee
0.76 11.58 10.82 6.92 0.73 5.07
55.82 10.65
After 0 16.86 16.86 10.79 0.52 5.61
U0927L6 Before Jubilee
0 57.12 57.12 18.85 0.98 18.4
0 1.09
After 0 57.12 57.12 18.85 0.99 18.6
U0966L6
Before
Jubilee
0 26.37 26.37 17.14 0.66 11.32
8.65 1.41
After 0 28.65 28.65 18.62 0.62 11.48
U1403L7 Before Jubilee
5.49 31.7 26.21 13.11 0.66 8.62
0 36.19
After 5.49 31.7 26.21 13.11 0.90 11.74
U1434L7
Before
Jubilee
0.61 46.33 45.72 3.98 1.96 7.79
2.93 4.36
After 0 47.06 47.06 4.09 1.99 8.13
U1471L7 Before Jubilee
19.2 28.96 9.76 6.25 0.36 2.23
14.04 40.36
After 19.2 30.33 11.13 7.12 0.44 3.13
U1500L5
Before
Jubilee
22.04 51.05 29.01 28.89 0.64 18.39
15.24 6.25
After 22.04 55.47 33.43 33.30 0.59 19.54
U1507L5 Before Jubilee
39.62 70.65 31.03 21.72 0.73 15.76
31.65 3.62
After 39.62 80.47 40.85 28.60 0.57 16.33
U1508L5
Before
Jubilee
16.09 94.18 78.09 44.51 1.76 78.44
6.63 5.84
After 16.09 99.36 83.27 47.46 1.75 83.02
U1650L5 Before Jubilee
5.33 97.99 92.66 59.30 1.47 86.95
0 3.12
After 5.33 97.99 92.66 59.30 1.51 89.66
*Calculated using the calculated true width of the intersection
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples are transported in security -sealed bags for analyses at Activation
Laboratories Ltd. in Timmins, Ontario. Individual samples are labeled, placed in plastic
sample bags and sealed. Groups of samples are then placed into durable rice bags that are
then shipped. The remaining coarse reject portions of the samples remain in storage at
the Activation Laboratories Ltd. in Timmins, Ontario 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 (low 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 30% interest in the Wawa Gold Project through an Assignment and
Assumption Agreement with Citabar LLP and Augustine Ventures Inc. Red Pine is the
Operating Manager of the JVA and is focus ed on expanding the existing gold resource on
the property. The JVA is owned 40% by Citabar, 30% by Red Pine and 30% by Augustine..
Red Pine and Augustine have entered into a definitive agreement (November 14, 2016) to
consolidate their ownership of the Wawa Gold Project.
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]
1NI 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 million 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)). The report is
available on www.SEDAR.com under Red Pine’s profile.
2Before results are entirely historical and are based on assay results obtained during drill programs conducted
between 1961 and 1989 by previous operators of the Wawa Gold Project . After results represents the
combination of the historical results with the new assay results obtained by Red Pine Exploration as part of its
sampling program. Red Pine’s sampling of the core involves re -measuring the historical boreholes and
sampling the un-sampled core pieces left in the historical intersections. A full QA/QC program is implemented
as part of Red Pine sampling program. All the sampled historical boreholes with the new sample locations are
also systematically photographed as part of the sampling protocols.
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This News Release contains forward -looking statements. In some cases, you can identify forward -looking
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may cause our or our industry’s actual results, levels of activity, performance or achievements to be materiall y
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 information, wh ether as a result of new information, future events or
otherwise, other than as required by law.
Figure 1. Overview of the historic drill holes with metal factor increase and 2016 drill
holes