Red Pine Exploration Discovers 22.8 g/t Gold over 1.74 Metres (True Width) in Historic Core
Red Pine Exploration Discovers 22.8 g/t Gold over 1.74 Metres (True Width) in Historic Core
TORONTO, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V:
RPX) ("Red Pine" or the "Company") has received results for historic holes sampled as
part of its 2018 Historic Core Sampling Program at its Wawa Gold Project, located in
Wawa, Ontario. To date this year, the Company has logged and sampled over 13,200
metres of historic core that was drilled by previous operators. Assay results from
10,400 metres of this historic core indicate that significant amounts of gold are present
in 41 holes that were previously considered barren (Table 1).
Highlights:
22.8 g/t gold over 1.74 metres (calculated true thickness) in the Surluga Deposit
in S287;
14.5 g/t gold over 0.6 metres (core length) in a new zone above the Surluga
Deposit in S280.
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "Our sampling
program continues to prove that many previously unsampled zones not only contain
gold, but are substantially mineralized with grades up to 22.8 g/t gold over 1.74 metres.
These zones were given a value of “0” in the last resource calculation. The discovery of
additional gold in the unsampled historic core will improve the continuity of the gold
zones in the Surluga Deposit by removing some of the artificial boundaries that were
previously put in place. In this regard, any value of gold other than “0” will have a
positive impact on the future resource model.”
Sampling of historic core
Red Pine's sampling of 42,000 metres of historic core (from 318 underground and 119 surface drill holes), initiated in December 2014,
continues to add gold in the Jubilee Shear Zone, as well as in the footwall and hanging wall of the Surluga Deposit1. The spatial distribution
of the historic boreholes with notable gold weighted average increases is expected to positively change the current deposit model (Fig 1).
On-going Drilling Program
Red Pine’s 2018 diamond drill program is focused on in-fill drilling the strategic areas of the Surluga Deposit where no historic holes were
available for sampling, or in areas that were not drilled historically. The program, developed in collaboration with Golder Associates, is
designed to maximize its impact on the Surluga Deposit and future resource calculation.
Table 1 – Highlights of the Historic Core Sampling Program
Figure 1.
Overview of % increases in gold weighted average
in historic drill holes
Hole
Before/
After
samplingStructure
From
(m)
To
(m)
Intersection
length (m)
Calculated
true
Width (m)
Gold
weighted
average*
Grade
(g/t
gold)
%
change
length
%
change
gold
weighted
average
%
remaining
un-
sampled
S228
Before
Jubilee
74.68 86.87 12.2 9.39 1.76 0.19
20 53.3 0After 72.24 86.87 14.6 11.27 2.70 0.24
S230
Before
Jubilee
143.71 158.07 14.4 11.06 8.78 0.79
23.8 55.9 1.7After 143.71 161.48 17.8 13.68 13.68 1.00
S234 N/A
New
Discovery
155.45 158.5 3.1
N/A
0.63
N/A169.77 172.82 3.1 0.72
S242
Before
Jubilee
92.05 102.72 10.7 8.22 9.78 1.19
91.4 9.5 2After 82.3 102.72 20.4 15.72 10.70 0.68
S246
Before
Jubilee
202.08 272.64 70.6 54.33 36.34 0.67
0 11.9 0After 202.08 272.64 70.6 54.33 40.66 0.75
S280
Before New
Discovery
176.02 176.94 0.9
N/A
0.48
1110 2241 39.7After 176.02 187.15 11.1 0.93
S280
Before
Jubilee
206.65 244.3 37.7 28.99 59.37 2.05
45.7 5.3 17.2After 206.65 261.52 54.9 42.25 62.52 1.48
S287
Before
Jubilee
145.69 150.42 4.7 3.64 4.31 1.18
341.4 925 15.7After 129.54 150.42 20.9 16.08 44.20 2.75
U0002L6
Before
Jubilee
0 5.94 5.9 3.80 2.30 0.61
0 88.9 0After 0 5.94 5.9 3.80 4.35 1.14
U0353L3
Before
Jubilee
3.35 11.43 8.1 3.72 0.69 0.19
33.9 86.7 1.9After 0.61 11.43 10.8 4.98 1.29 0.26
U0361L5
Before
Jubilee
0 31.7 31.7 20.29 82.88 4.09
0 0.8 9.3After 0 31.7 31.7 20.29 83.52 4.12
U0443L3
Before
Jubilee
15.24 29.26 14.0 0.70 3.77 5.37
54.4 8.6 0After 14.63 36.27 21.6 1.08 4.09 3.78
*Calculated using the calculated true width of the intersection
Wawa Gold Project Background
Since December 2014, Red Pine's exploration work has involved the sampling of 42,000 metres of historic core that was never sampled by
previous operators of the project and aggressive drilling campaigns. To date, the Company has completed over 54,200 metres 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 resource 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.
U0447L3
Before
Jubilee
5.94 35.97 30.0 16.82 0.15 0.01
0 5054 0After 5.94 35.97 30.0 16.82 7.5 0.45
U0451L5
Before
Jubilee
0.91 29.11 28.2 18.05 15.87 0.88
0 9.7 0After 0.91 29.11 28.2 18.05 17.41 0.96
U0454L5
Before
Jubilee
0.76 21.03 20.3 12.97 20.61 1.59
0 18.0 0After 0.76 21.03 20.3 12.97 24.32 1.87
U0492L5
Before
Jubilee
8.84 22.86 14.0 8.97 22.53 2.51
0 3.7 0After 8.84 22.86 14.0 8.97 23.36 2.60
U0495L5
Before
Jubilee
0 33.38 33.4 21.36 69.31 3.24
0 6.2 30.1After 0 33.38 33.4 21.36 73.6 3.45
U0511L5
Before
Jubilee
0 2.29 2.3 1.47 2.69 1.83
272.5 69.1 0After 0 8.53 8.5 5.46 4.54 0.83
U0518L5
Before
Jubilee
0 21.64 21.6 13.85 1.34 0.1
0 52.4 23.2After 0 21.64 21.6 13.85 2.05 0.15
U0593L3
Before
Jubilee
1.52 29.87 28.4 18.14 37.12 2.05
0 3.8 10.2After 1.52 29.87 28.4 16.44 34.92 2.12
U0593L7
Before
Jubilee
19.96 23.16 3.2 1.12 10.15 9.06
357.2 3.8 28.2After 8.53 23.16 14.6 5.12 10.54 2.06
U0607L5
Before
Jubilee
0 15.24 15.2 9.75 11.39 1.17
264 12.4 27.5After 0 55.47 55.5 35.50 12.80 0.36
U0671L5
Before
Jubilee
7.32 28.04 20.7 11.60 43.18 3.68
11.8 1.6 1After 4.88 28.04 23.2 12.97 43.85 3.38
U0720L5
Before
Jubilee
13.41 53.19 39.8 19.89 37.45 1.88
5.6 1.5 12.1After 13.41 55.41 42.0 21 38 1.81
U0727L5
Before
Jubilee
3.05 18.9 15.9 7.93 155.6 19.63
87.1 0.2 6.6After 3.05 32.71 29.7 14.83 155.95 10.52
U0735L5
Before
Jubilee
4.42 15.54 11.1 10.9 10.68 4.2
25.5 2.8 0After 1.58 15.54 14.0 13.68 13.41 3.44
U0742L5
Before
Jubilee
13.56 21.95 8.4 8.14 20.27 2.49
57.7 10.1 4.4After 8.72 21.95 13.2 12.83 22.31 1.74
U0744L5
Before
Jubilee
8.53 14.94 6.4 6.15 1.25 0.20
0 92.3 0After 8.53 14.94 6.4 6.15 2.40 0.39
U0746L5
Before
Jubilee
10.67 18.29 7.6 7.39 14.07 1.90
0 4.8 0After 10.67 18.29 7.6 7.39 14.74 1.99
U0748L5
Before
Jubilee
11.89 17.53 5.6 5.53 18.42 3.33
156.7 9.6 34.7After 3.05 17.53 14.5 14.19 20.19 1.42
U0749L5
Before
Jubilee
1.22 8.08 6.9 6.72 20.87 3.10
33.2 2.8 53.4After 1.22 10.36 9.1 8.96 21.46 2.40
U0793L6
Before
Jubilee
0 6.4 6.4 6.27 6.15 6.03
26.7 2.1 18.7After 0 8.11 8.1 6.89 5.86 4.86
U0979L6
Before
Jubilee
8.02 24.44 16.4 2.46 2.66 1.08
0 3.4 32.5After 8.02 24.44 16.4 2.46 2.75 1.11
U1027L2
Before
Jubilee
2.13 31.85 29.7 28.23 72.87 2.58
0 1.2 1After 2.13 31.85 29.7 28.23 73.72 2.61
U1117L3
Before
Jubilee
16.46 32.49 16.0 10.58 30.29 2.86
98.9 7.6 0After 0.61 32.49 31.9 21.04 32.60 1.55
U1651L5
Before
Jubilee
10.52 58.22 47.7 47.22 37.62 0.80
0 7.9 0After 10.52 58.22 47.7 47.22 40.59 0.86
U1654L5
Before
Jubilee
6.55 74.37 67.8 43.4 87.49 2.02
9.7 0.8 2.9After 0 74.37 74.4 47.6 88.19 1.85
U1657L5
Before
Jubilee
3.05 58.83 55.8 54.66 53.57 3.12
4.6 0.9 0After 1.07 59.44 58.4 37.36 23.91 3.00
U1659L5
Before
Jubilee
6.71 48.62 41.9 23.89 22.97 0.96
14.6 22.6 4.8After 0.61 48.62 48.0 27.37 28.16 1.03
U1671L5
Before
Jubilee
0 58.83 58.8 11.77 2.86 0.24
9.6 44.1 6.3After 0 64.47 64.5 12.89 4.12 0.32
U1674AL6 Jubilee 0 9.14 9.1 0.27 0.67 2.44 N/A
U1676L5
Before
Jubilee
0 25.91 25.9 23.32 40.05 1.72
0 4.9 0After 0 25.91 25.9 23.32 42.03 1.80
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 (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 60% interest in the Wawa Gold Project with Citabar LP. holding the remaining 40% interest. Red Pine is the operator 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]
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)).
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 these
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 information, whether as a result of new information, future
events or otherwise, other than as required by law.
Figure 1. Overview of % increases in gold weighted average in historic drill holes
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/66189857-6a84-42c9-
a1af-b85b427d7b8b