Red Pine Exploration Continues to Extend the Minto MINE South Zone; 15.3 G/T GOLD over 2.03 Metres
NEWS RELEASE
August 8, 2017
RED PINE EXPLORATION CONTINUES TO EXTEND THE MINTO
MINE SOUTH ZONE; 15.3 G/T GOLD OVER 2.03 METRES
Toronto, Ontario – August 8, 2017 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine"
or the "Company") announce s new results from three drill holes completed as p art of its
20,000m drilling program at the Wawa Gold Project.
Drilling highlights for the Minto Mine South Zone include (see Table 1 and Figures 1
and 2 below):
• Extension of the h igh-grade core of the Minto Mine South Z one laterally and at
depth;
o SD-17-89 averages 8.55 g/t gold over 3.47 metres;
o SD-17-90 averages 15.3 g/t gold over 2.03 metres;
o SD-17-86 averages 24.9 g/t gold over 2.0 metres**
• Observation of visible gold in the Minto Mine South Zone in the southernmost
step-out hole drilled so far in the structure; and
• Observation of visible gold in 7 out of the twelve additional holes in the Minto
Mine South Zone.
**SD-17-86 had previously been reported over this interval. As part of the ongoing
QA/QC procedures this intersection was re -assayed and the revised results are now
presented.
Quentin Yarie, President and Chief Executive Officer of Red Pine state d, "The Minto Mine
South Zone continues to produce high -grade gold intersections and remains open b oth
along strike and at depth. The structure also remains predictable and enables us to
efficiently follow its lateral and down-dip extension.”
Table 1. Highlights of the 2017 drilling results south of the Minto Mine
Hole From
(m) To (m) Length
(m)*
Gold
(g/t) Gold Zone
SD-17-85
54.80 62.23 8.43 1.44 Newly Discovered
Gold Zone including
54.80 57.93 3.13 2.72
150.10 152.30 2.20 4.94
Minto Mine South
Zone
SD-17-86 152.31 154.31 2.00 24.9
SD-17-89 166.86 170.33 3.47 8.55
SD-17-90 166.97 169.00 2.03 15.3
SD-17-92 165.35 167.42 2.07 4.01 Newly Discovered
Gold Zone
*Assay results reported over intersection length . In the Minto Mine South Zone, intersection length estimated
to represent ≥ 85% true width for SD -17-89 and 17-90, ≥ 95 % true width for SD -17-85 and SD -17-86. As it
represents a discovery with a single intersection, no true width estimation is available for the discovered gold
zone in SD-17-92 and additional drilling will be required to estimate the true width of the structure.
Overview of the drilling results in the Minto Mine South Zone area
Holes SD-17-89 and SD -17-90 were testing the Minto Mine South Zone down-dip of SD-
17-86 and successfully intersected the extension of the high-grade zone of SD-17-86 (24.9
g/t gold over 2m) . With the current drilling , the Minto Mine South Zone is now defined
over an area of 350m x 300m.
SD-17-92 tested the Minto Mine South Zone down- dip of the former Minto Mine. SD -17-
92 hit the intersection of the Minto Mine Structure and a new gold -bearing structure
which was previously unknown.
Results for 1 2 boreholes in the Minto Mine South Zone are still pending. The zone
remains open at depth and along strike (>1km) to the south. Ten (10) additional drill
holes are currently planned to further define its strike length and depth . These will also
aid in further defining the Minto E Z one which has pro duced several intersections with
visible gold to date.
Wawa Gold Project
The Wawa Gold property package consists of over 5, 500 hectares and hosts several
former mines with a combined historic production of 120,000oz gold 1. To date, the
largest gold deposit on the property is the Surluga D eposit, which hosts a NI 43 -101
Inferred Resource of 1,088,000 oz gold at an average grade of 1.71 g/t ( using a 0.5 g/t
cut-off) contained within 19.82 million tonnes2.
Exploration work by Red Pine during the past 18 months has involved the ongoing
sampling of 42,000 metres of historic core that was never sampled by previous operators
of the project (initiated in February 2016) and the completion in March 2017 of a 6,000 -
metre drill program (initiated in November 2016). This drill program was immediately
followed by a new 20,000-metre drill program as announced on May 17, 2017.
Red Pine has discovered many new zone s of gold mineralization (Darwin-Grace, Minto
Mine South Zone, Surluga North, Hornblende -William) that are anticipated to have a
positive impact on the property ’s gold inventory. All the mineralized zones are
interpreted to form a coherent structural system hosted and spatially c onnected by the
Wawa Gold Corridor.
The Company is well positioned to fund its share of the Wawa Gold Project exploration
program following the completion of a brokered private placement for gross proceeds of
$6,540,240 on February 24, 2017. As such, the sampling and drill programs are expected
to continue throughout 2017 and will be followed by an update to the NI 43 -101 resource
estimate.
Figure 1. Highlights of the 2017 Drill Program in the Minto Mine Structure
Figure 2. Longitudinal section showing drilling intersections in the Minto Mine Structure
between the former Minto and Parkhill mines
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 stora ge 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, C anada. 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:
Quentin Yarie, President & CEO, (416) 364-7024, [email protected]
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 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)).
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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”,
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may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially
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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
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