Red Pine Exploration Discovers High-Grade Gold 3 km South of the Surluga Deposit; Drills 57.31 g/t Gold over 3.14 Metres
NEWS RELEASE
March 3, 2017
Red Pine Exploration Discovers High-Grade Gold 3 km South of the Surluga
Deposit; Drills 57.31 g/t Gold over 3.14 Metres
Toronto, Ontario –March 3, 2017 –- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine"
or the "Company") has received partial results for holes DG-17-53 to DG-17-56.
Highlights from the drilling results include:
• Intersection of two high-grade zones related to the Darwin-Grace mine;
• central high-grade zone contains 29.27 g/t gold over 3.4 metres in DG-17-54;
• northern high -grade zone contains 42.22 g/t gold over 2.44 metres in DG -17-55
and 57.31 g/t gold over 3.14 metres in DG-17-56;
• drilling suggests that the mine is part of a much larger deformation system than
what was indicated by historic work (Table 1 and Figure 1).
Quentin Yarie, President and Chief Executive Officer of Red Pine states, "We are quite
excited by the results of this initial e xploration work in the Darwin -Grace mine area . This
early drilling indicates that high-grade material remains in the vicinity of the mine and that
the structure hosting the mine may be larger and more fertile than initially anticipated.”
Drilling Results
The Darwin-Grace mine area is located 3 km south of the center of the Surluga Deposit
inferred resource1. Red Pine hole DG-17-54 was designed to test the shallow extension of
the central high-grade zone of the Darwin-Grace mine. Holes DG-17-55 and DG-17-56
tested the extension of the northernmost and under-explored high-grade zone discovered
in the Darwin-Grace mine drifts shortly before its closure in the 1930s. Drilling results
prove the near-surface extension of both high-grade zone. Hole DG-17-55 and DG-17-56
also indicate a down-plunge continuity of 22 metres. The geological measurements
obtained from the drilling program also provided the geometrical attributes of the
intersected high-grade zones for potential extension at depth.
Red Pine drilling in the area suggests that the deformation zone hosting the mineralized
quartz veins is wider than anticipated. The zone of brittle-ductile deformation associated
with the mineralized veins extends over 10-20 metres-long intersections down-hole.
Tectonic deformation in the Darwin-Grace mine area is also not restricted to the
immediate vicinity of the main mineralized veins. Red Pine geoscientists observed
stacked deformation zones that are 10-15 metres-long and alternate with weakly
deformed domains. This suggest a larger exploration potential into the deformation zones
related to the Darwin-Grace mine.
Table 1. Highlights of drilling results
Hole No From
(m)
To
(m)
Length
(m)*
Gold
(g/t) Gold structure
DG-17-54 46.88 50.28 3.40 29.27
Grace Deformation Zone DG-17-55 51.75 54.19 2.44 42.22
DG-17-56
62.86 66 3.14 57.31
67.78 70 2.22 3.56
*Assay results reported over intersection length estimated in the Grace Deformation Zone to represent > 70%
true width.
On-going Drilling Program
The on -going diamond drill program is focus ed on expanding the Surluga Deposit ,
defining the gold structures of the Wawa Gold Corridor and quantifying the structures
associated with the historic mines of the property.
Figure 1. Fall/Winter 2016/2017 Drill Program – location of drill holes
Readers are cautioned that grab samples are selective by nature and are not necessarily representative of the
mineralization hosted on the property.
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security -sealed bags for analyses to SGS in
Cochrane, 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 p ortions 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 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]
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 under ground-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.
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