Red Pine Exploration Discovers High-Grade Vein IN Hanging Wall of Surluga Deposit –19.92 G/T GOLD over 3M Less Than 60M Below Surface
NEWS RELEASE
June 13, 2017
RED PINE EXPLORATION DISCOVERS HIGH-GRADE VEIN IN
HANGING WALL OF SURLUGA DEPOSIT –19.92 G/T GOLD OVER 3M
LESS THAN 60M BELOW SURFACE
Toronto, Ontario – June 13, 2017 – Red Pine Exploration Inc. (TSX‐V: RPX) ("Red Pine"
or the "Company") has received the final results for holes SD‐1 7‐73 and SD‐17‐74, which
were drilled as part of the new 20,000 metres drilling program in the southern extension
of the historic Minto Mine. As announced on July 8, 2017, the C o m p a n y e x p e c t s t o
continuously release results throughout the summer from its bac klog of drill results and
geological data.
Highlights include (see Table 1 and Figures 1 and 2 below):
Discovery of a high‐grade quartz zone in the southern extension of the Minto Mine
structure:
o SD‐17‐73 contains 19.92 g/t gold over 3 metres
o SD‐17‐74 contains 4.75 g/t gold over 3 metres
The quartz zone discovered in the southern extension of the Min to Mine Structure
has been intersected in 13 boreholes (results pending) covering an area of 250m x
120m;
Visible gold has been observed in 12 of 13 boreholes
Q u e n t i n Y a r i e , P r e s i d e n t a n d C h i e f E x e c u t i v e O f f i c e r o f R e d P i ne stated, "We are quite
impressed by the continuity of the quartz zone in the southern extension of the Minto Mine
Structure. So far, the 13 holes drilled in the Structure intersected the same zone at its
predicted location and visible gold was observed in every hole but one. We are excited by
this discovery and are now moving forward to aggressively explore the Minto Mine
Structure along an interpreted 2.2 km‐long strike length based on historic and recent
drilling data.”
Minto Mine Structure Results
The on‐going drilling into the Minto Mine Structure is designed t o t e s t t h e e x t e n s i o n o f
t h i s s t r u c t u r e s o u t h a n d d o w n ‐ d i p o f t h e f o r m e r M i n t o M i n e ( h i storic production of
23,000 ounces @ 12.56 g/t gold)1.
In the southern extension of the Minto Mine Structure, thirteen boreholes intersected the
newly discovered Minto Mine South Zone, which has now been defi ned over an
approximate area of 250 m x 120 m. This new zone remains open a t depth and is will be
further tested as part of the on‐going drill program. The deepe st intersection obtained so
far in the Minto Mine South Zone is 150 metres below surface in SD‐17‐89. In hole SD‐17‐
7 3 , t h e M i n t o M i n e S t r u c t u r e i s o v e r l a i n b y s u b s i d i a r y q u a r t z veins, including some
containing visible gold that were observed at 18 metres and 44 metres. Hole SD‐17‐74
was drilled as an 80 metres lateral step‐out along the Minto A structure from SD‐17‐73. In
SD‐17‐74, in addition to intersecting the Minto Mine Structure, a mineralized shear zone
was also intersected on the edge of the quartz system.
Depth Potential of the Minto Mine Structure
Historic drilling completed in 200 7 indicates that gold mineral ization in the Minto Mine
Structure extends up to 560 metres below surface where hole 07‐389 intersected 7.24 g/t
g o l d o v e r 3 m e t r e s ( F i g u r e 2 ) . F u r t h e r d i s c o v e r i e s a r e a n t i c i p ated since, except for the
immediate vicinity of the Parkhill Mine, almost the entirety of t h e i n t e r p r e t e d 2 . 2 k m
strike length of the Minto Mine Structure south of the former M into Mine has never been
drill tested.
SD‐17‐92, drilled to test the down ‐plunge extension of the Mint o Mine Zone, successfully
intersected a quartz vein containing visible gold that is interpreted as the down‐plunge
extension of the zone (Figure 2). The mineralized quartz vein w as intersected 30 metres
below the Minto Mine. Combined with the historic intersection i n borehole S183, hole SD‐
17‐92 indicates that the Minto Mine Zone could extend deeper th an the lowermost limits
of the former Minto Mine.
Table 1. Highlights of the spring 2017 drilling results in the Minto Mine area
Hole From
(m) To (m) Length
(m)*
Gold
(g/t) Gold Zone
SD‐17‐73
18.16 19.16 1 1.38
Quartz vein
43.28 44.28 1 3.35
89.87 92.87 3 19.92 Minto Mine South Zone
SD‐17‐74
107.61 110.61 3 4.75
147.24 150.2 2.96 0.5 Unnamed shear zone
*Assay results reported over intersection length estimated in the Minto Mine Structure to represent >85% true
width.
Wawa Gold Project
The Wawa Gold property package consists of over 5,000 hectares and hosts several
former mines with a combined historic production of 120,000 oz gold1. To date, the
largest gold deposit on the property is the Surluga Deposit, 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 16 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 aggressive drilling campaigns.
In March 2017, the Company completed a 6,000 metres of drilling and immediately
initiated a new 10,000 metres drilling program. This was quickly expanded to 20,000
metres as a second drill was added to the campaign. The aggregate 20,000 metres drill
program is designed to potentially expand the size of the existing inferred gold resource
and connect other zones of gold mineralization (the Wawa Gold Corridor) recently
discovered through drilling and other exploration techniques on the large Wawa Gold
Project property.
The Company is well positioned to fund its share of the Wawa Go ld exploration program.
As such, the sampling and drill programs are expected to continue throughout 2017.
Highlights
100% owned land position between JVA
2 k m s o u t h e a s t o f t h e M u n i c i p a l i t y o f W a w a , O n t a r i o , c l o s e t o roads, power and
other infrastructure
8 past producing mines on property with historical production o f 120,000 oz gold
at 9.04 g/t average grade1
> 1M oz Inferred Gold Resource at 1.71 g/t (0.5 g/t cut‐off)2
o Near surface mineralization
o Open in all directions
Considerable Growth Potential
o Potential for multi‐million ounces resource
o Newly discovered high‐grade gold zones in many areas on property
o Gold mineralization extends 5 km in length
Preliminary Metallurgical Study Underway
o Optimization of gold and silver recoveries
Figure 1. 2017 Drill Program in the Minto Mine Area
Figure 2. Longitudinal section showing drilling intersections in the Minto Mine Structure
On‐site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security‐sealed bags for a n a l y s e s t o S G S i n
Cochrane, Ontario. Individual sa mples are labeled, placed in pl astic sample bags and
seal ed. G ro u p s o f samp l es are th en p l ac ed i nto du rab l e ric e b ags 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 wi th best practices in the
s a m p l i n g a n d a n a l y s i s o f d r i l l c o r e . A s p a r t o f i t s Q A / Q C p r o g ram, Red Pine inserts
ext ern al go l d standard s ( l o w to h igh grade) and b l anks every 20 sa m p l es in additio n to
random standards, blanks, and duplicates.
Qualified Person
Q u e n t i n Y a r i e , P G e o . i s t h e q u a l i f i e d p e r s o n 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
i n T o r o n t o , O n t a r i o , C a n a d a . T h e C o m p a n y ' s c o m m o n s h a r e s t r a d e o n t h e T S X V e n t u r e
Exchange under the symbol "RPX".
R e d P i n e h a s a 6 0 % i n t e r e s t i n t h e W a w a G o l d P r o j e c t w i t h C i t a bar LLP. holding the
remaining 40% interest. Red Pine is the Operating Manager of th e 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 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)).
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which only applies as of the date of this news release. The Company disclaims any intention or obligation to
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