Red Pine Exploration Discovers GOLD 525 Metres North of the Surluga Deposit; Composite GRAB1 Sample Contains 143.1 G/T GOLD
NEWS RELEASE
February 7, 2017
RED PINE EXPLORATION DISCOVERS GOLD 525 METRES NORTH
OF THE SURLUGA DEPOSIT; COMPOSITE GRAB1 SAMPLE
CONTAINS 143.1 G/T GOLD
Toronto, Ontario –February 7, 2017 –- Red Pine Exploration Inc. (TSX -V: RPX) ("Red
Pine" or the "Company") has received results from composite grab 1 samples collected
during its field mapping program as well as for holes SD-16-41 to SD -16-43 and part of
SD-16-44 from its on-going drilling program at the Wawa Gold Project.
Highlights from the field mapping results include:
Up to 143.1 g/t gold in a composite grab 1 sample (>1kg) taken in a quartz vein
located 445 metres ENE of the Darwin-Grace Mine (Table 1 and Figure 1); in which
channel samples taken during the production period in the 1920 -1930s contained
up to 2146 g/t gold over 0.91 metre;
The discovery of a shear zone with quartz veins 235 metres ENE of the Darwin -
Grace Mine – composite grab1 samples contain 3.42 g/t and 1.65 g/t gold; and
The discovery of gold mineralization zones south of the Surluga Deposit w ith
composite grab1 samples contain ing up to 3.16 g/t gold. The m ineralization is
similar to the William Gold Zone and possibly associated with the historic
intersection of 2.37 g/t gold over 6.71 metres in hole S300 (Table 2).
1Readers are cautioned that composite grab samples are taken over a representative length in the targeted
shear zone or vein but remain selective by nature. The grades and mineralization present are not necessarily
representative of other mineralization that may be identified on the property.
Highlights from the drilling results include:
Near surface quartz vein networks in the hanging wall of the Surluga Deposit form
large zones of mineralization with 1.61 g/t gold over 26.25 metres, including 15.83
g/t gold over 1 metre, in SD-16-44 (Table 2 and Figure 2);
2.00 g/t gold over 8.96 metres and 0.59 g/t gold over 4 metres in the Jubilee Shear
Zone and 0.57 g/t gold over 17.2 metres in the Hornblende Shear Zone/Surluga
Road Shear Zone, 525 metres north of the inferred resource 2 in SD-16-43 (Table 2
and Figure 2);
Higher grade mineralization in the Surluga Road Shear Zone with 7.46 g/t gold
over 1.43 in SD-16-41 (Table 2 and Figure 2); and
The presence of visible gold 3 in the Jubilee Shear Zone in both SD -17-50 and SD -
17-51 that are testing the near surface extension of the structure not -included in
the inferred resource.
Quentin Yarie, President and Chief Executive Officer of Red Pine states, "We are quite
excited to see that the gold content of the Jubilee Shear Zone in hole SD-16-43, located 525
metres north of the inferred resource boundary, is comparable to the gold content of the
shear zone in the inferred resource . This supports our exploration model that the inferred
resource extends near surface to the north . In addition, t he discovery of additional high -
grade quartz veins and a gold-bearing shear zone near the Darwin-Grace Mine indicate that
gold mineralization extends beyond the immediate area of the mine and warrants
additional exploration.”
Field Mapping Results
Containing 143.1 g/t gold, a quartz vein located 444 metres ENE of the Darwin -Grace
Mine has the highest gold grade measured by the Company in a composite grab 1 sample
so far and indicates that additional high -grade quartz veins exist in the area. Combined
with the nearby identification of another gold -bearing shear zone, this expands the
exploration opportunities near the historic D arwin-Grace Mine in which channel samples
taken during the production period in the 1920-1930s contained up to 2146 g/t gold over
0.91 metre.
The identification of William -like gold mineralization south of the Surluga Deposit, with
composite grab samples in altered and weakly sheared diorite containing up to 3.16 g/t
gold, indicate the extension of this mineralization styles of the Wawa Gold Corridor in an
area that remains entirely under -explored. This is providing a framework to explain the
intersection of 2.37 g/t gold over 6.71 metres in hole S300 and the cryptic nature of the
mineralization intersected in that hole. With additional work to better constrain the
geological controls on the gold distribution in the area, this zone of mineralization can
become a near future exploration target south of the inferred resource boundary.
Drilling Results
Hole SD-16-43 was drilled close to the highway 101 to test the hypothesis that the Jubilee,
Surluga Road and Hornblende Shear Zones of the Wawa Gold Corridor extend at least to
the highway and remain mineralized. Hole SD -16-43 successfully intersected the three
structures as well as gold mineralization with grade and width comparable to the inferred
resource. Some uncertainty remains on the exact trace of the Hornblende Shear Zone and
the Surluga Road Shear Zone as the current modelling indicate s that both structures
merge close to a mineralized intersection below the Jubilee Shear Zone. Additional
exploration work will be necessary to resolve this uncertainty and better discriminate the
gold zones in this area that remains under-explored. Hole SD -16-44 shows that near
surface quartz vein networks in the hanging wall of the Surluga Deposit can form large
zones of mineralization formed of multiple quartz veins. The geometry and gold content
of those quartz vein networks remains to be defined and quantified in most of the
deposit. Hole SD-16-41 and SD -16-42 were drilled to test the northern boundary of the
Surluga Deposit. Results from these holes i ndicate that gold mineralization in both the
Jubilee Shear Zone and Surluga Road Shear Zone improves with increasing depth. The
Jubilee Shear Zone hosts the Surluga Deposit - the currently defined 1,088,000 ounces
inferred resource2 of the Wawa Gold project.
Table 1- Composite grab* samples collected south of the inferred resource boundary
Sample Area Sample type Au (g/t)
18464 Darwin-Grace area Shear Zone 0.36
18482 Darwin-Grace area Quartz vein 143.1
18492 Darwin-Grace area Shear Zone 1.65
18493 Darwin-Grace area Quartz vein in shear
zone 3.42
1473370 S300 Zone Altered and weakly
sheared diorite 3.16
1473380 S300 Zone Altered diorite 1.32
*Readers are cautioned that composite grab samples are taken over a representative length in the targeted
shear zone or vein but remain selective by nature. The grades and mineralization present are not necessarily
representative of other mineralization that may be identified on the property.
Table 2. Highlights of drilling results in the Wawa Gold Corridor
Hole No From
(m)
To
(m)
Length
(m)*
Gold
(g/t) Gold structure
SD-16-41
89 90 1 1.07
Jubilee Shear Zone
113 114.6 1.6 1.3
160.66 162.09 1.43 7.46 Surluga Road Shear Zone
SD-16-42 95.93 99.13 3.2 0.5 Surluga Road Shear Zone
SD-16-43
43.94 69.7 25.76 0.79
Jubilee Shear Zone
including
43.94 52.9 8.96 2.00
65.7 69.7 4 0.59
104.8 122 17.2 0.57
Hornblende Shear Zone/Surluga
Road Shear Zone including
114.46 122 7.54 0.76
SD-16-44
24.57 50.82 26.25 1.61
Quartz Vein Network including
40.82 50.82 1 15.83
*Assay results reported over intersection length estimated in the Jubilee and Hornblende Shear Zone to
represent >85% true width; As they represent discoverie s, no true width estimation is currently defined for the
intersection in the Quartz Vein Network and the Surluga Road Shear Zone.
On-going Drilling Program
The on-going diamond drill program is focused on expanding the Surluga Deposit to the
north. Hole SD -17-51 targeted the Wawa Gold Corridor 200 metres north of SD -16-40.
Visible gold 3 was observed in the Jubilee Shear Zone in both SD -17-50 and SD -17-51 in
the shallow extension of the structure generally not -included in the inferred resource
because of the absence of historic holes.
Figure 1. Highlights of composite grab* samples collected south of the Surluga
Deposit inferred resource in the S300 zone and near the historic Grace-Darwin
Mine
*1Readers are cautioned that composite grab samples are taken over a rep resentative length in the targe ted
shear zone or vein but remain selective by nature. The grades and mineralization present are not necessarily
representative of other mineralization that may be identified on the property.
Figure 2. Fall/Winter 2016/2017 Drill Program – location of drill holes
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were 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 and
then shipped. The r emaining 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 p rogram, 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 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]
2NI 43-101 inferred resource of 1,088,000 ounces of gold at 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.
3Gold visible with the naked eye – “visible gold”
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 relea se. 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.