Red Pine Exploration Discovers Multiple Zones of Gold Mineralization in the Wawa Gold Corridor
NEWS RELEASE
April 5, 2017
Red Pine Exploration Discovers Multiple Zones of Gold Mineralization in
the Wawa Gold Corridor
Toronto, Ontario – April 5, 2017 –- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine"
or the "Company ”) has received the final results for holes SD-17-50 to SD -17-52, which
were drilled as part of its 6,000m winter drilling program along the Wawa Gold C orridor
at the Company’s Wawa Gold Project.
Drilling highlights include (see Table 1 and Figure 1 below):
SD-17-50: Intersection of 5 stacked gold zones that include:
o 2.02 g/t gold over 9.7 metres in the Surluga Road Shear Zone,
o 0.51 g/t gold over 9.3 m and 0.49 g/t gold over 6.04 m etres in the Jubilee
Shear Zone,
o 0.63 g/t gold over 14.88 metres in the William Gold Zone,
o 1.28 g/t gold over 8.86 metres in the lower William Gold Zone, and
o 0.86 g/t gold over 4.92 metres in the upper Hornblende Shear Zone;
SD-17-52: Intersection of 2 stacked gold zones that include:
o 1.09 g/t gold over 10.89 metres in the lower Hornblende Shear Zone, and
o 0.98 g/t gold over 19 metres in the Jubilee Shear Zone;
PH-17-71: Intersection of a shear zone(s) containing a quartz vein (assays
pending), in which visib le gold 1 was observed and demonstrates a connection
between the former Minto Mine and the former Parkhill Mine, which are 1,000
metres apart.
The Wawa Gold Corridor is roughl y defined as a 2,000 -metre-long and 600 metres -wide
corridor consisting of stacke d shear zones that include the Jubilee Shear Zone, which
hosts the Surluga D eposit2 (1.088 million oz gold at a grade of 1.71 g/t gold), the Surluga
Shear Zone, the William Gold Zone, the Hornblende Shear Zone and the Algoma Shear
Zone (see Figure 1 below).
Quentin Yarie, President and Chief Executive Officer of Red Pine state d, "As illustrated by
the encouraging results of SD -17-50, drilling along the Wawa gold corridor west of the
Surluga deposit resource boundary continues to validate our exploration model that it is
made up of numerous stacked mineralized gold zones.
“We are also very pleased that we can now support the inclusion of the former Parkhill Mine
into the Wawa Gold C orridor based on its interpreted connection with the former Minto
Mine, which demonstrates both were likely formed as part of the same gold system.”
Shallow Extensions of Stacked Mineralized Zones
Hole SD -17-50 successfully tested the shallower extensions of the stacked gold zones
below the Jubilee Shear Zone intersected by hole SD -16-40 (see press release dated
January 24, 2017), which was drilled approximately 95 metres east.
Similar to the results of SD -16-40, hole SD -17-50 intersected five stacked gold zon es,
which demonstrates that the Wawa Gold Corridor contains multiple stacked gold zones in
an under-explored area that is outside the current boundary of the Surluga Deposit2. This
further supports our hypothesis that the existing resource can be increase d through the
ongoing sampling of historic core and an aggressive drill program.
From top to bottom, the intersected gold zones intersected by SD -17-50 include: the
Jubilee Shear Zone (which hosts the Surluga Deposit), the Surluga Road Shear Zone, the
William Gold Zone, the lower William Gold Zone, and the Hornblende Shear Zone. All the
intersected gold zones were within 175 metres from surface.
Holes SD -17-51 and SD -17-52 were drilled 250 metres apart and respectively 150 and
400 metres north of SD-17-50 and SD-16-40. Both holes successfully intersected the main
gold-bearing structures of the Wawa Gold Corridor. SD -17-52 also supports the strike
continuity of the gold intersections from holes HS -15-29 and HS-15-30 (see press release
dated December 18, 2015).
Table 1. Highlights of drilling results in the Wawa Gold Corridor
Hole From
(m) To (m) Length
(m)*
Gold
(g/t) Gold Zone
SD-17-50
21.1 30.4 9.3 0.51
Jubilee Shear Zone 36.11 37.03 0.92 1.29
48 54.04 6.04 0.49
94.87 104.57 9.7 2.02 Surluga Road Shear Zone
113.4 128.28 14.88 0.63 William Gold Zone
213.38 222.24 8.86 1.28 Lower William Gold Zone
242.53 247.45 4.92 0.86 Hornblende Shear Zone -
Upper
SD-17-51
34.7 41.55 6.85 0.49
Jubilee Shear Zone
61.1 66.26 5.16 0.91
79.53 83 3.47 0.38 Surluga Road Shear Zone
326.9 328 1.9 5.37 Hornblende Shear Zone -
Lower
SD-17-52
8 27 19 0.98 Jubilee Shear Zone
85.15 86.22 1.07 1.84 Surluga Road Shear Zone
210.24 223 10.89 1.09 Hornblende Shear Zone -
Lower
DG-17-57 No significant results - hole hit workings of Darwin-Grace mine and stopped
DG-17-58 No significant results - hole hit workings of Darwin-Grace mine and stopped
*Assay results reported over intersection length estimated in the Jubilee Shear Zone and the Hornblende shear
zones to represent >85% true width; As they represent recent discoveries, no true width estimation are
currently defined for the intersection in the William gold zones and Surluga Road Shear Zone.
Pushing South Towards Parkhill
The on-going 6,000m diamond drill program is also expanding the southern boundary of
the Wawa Gold Corridor from the former Minto M ine (23,000 ounces @ 12.56 g/t gold )3
towards the vicinity of the former Parkhill Mine (54,298 ounces @ 14.81 g/t gold)3, which
is approximately 1,000 metres to the southeast.
In the Parkhill Mine area, hole PH -17-71 (assays pending) intersected two stacked
structures that both contained quartz veins with visible gold 1. The uppermost structure
was intersected from 53 to 7 0.4 metres downhole at a vertical depth of approximately 50
metres, which corresponds to the known gold -bearing structure that was mined by the
former Parkhill Mine.
The lower structure was intersected from 142 to 163 metres downhole and at a vertical
depth of approximately 135 metres, which correspond to the known gold -bearing
structure that was mined by the former Minto Mine. The intersection of the Minto Mine
structure in the Parkhill Mine area indicates that both the Parkhill and Minto mines are
likely part of the same gold system and that the Parkhill Mine is also likely a component
of the Wawa Gold Corridor.
The 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 gold. To date, the
largest gold deposit on the property is the Surlug a 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 12 months has involved the ongoing
sampling of 42,000 metres of historic core tha t 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 will be
immediately followed by a new 10,000 -metre drill program, which will be initiated in
April 2017.
The goal of these sampling and drill programs is to fill -in gaps within the resource
estimate with the expectation that it will lead to the definition of additional gold
resources. Our analysis of drill co re to -date has included the identification of an
association between gold intersections and discrete gold -bearing structures within the
hanging wall and footwall of the resource, the definition of high-grade gold mineralization
within the Jubilee Shear Zon e and confirmed that the resource could extend 525 metres
to the north.
The Company is well positioned to fund its share of the Wawa Gold exploration program
following the completion on February 24, 2017 of a brokered private placement for gross
proceeds of $6,540,240. 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. Winter 2017 Drill Program
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 portions of the samples remain in sto rage 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 hig h 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, Can ada. 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 f ocused
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 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)).
3Ronacher, E., McKenzie, J. and Bernier, S., 2015, Wawa Gold Project, Ontario: Independent Technical Report
for Red Pine Exploration, June 5, 2015, 138 p. (available on www.SEDAR.com under Red Pine’s profile).
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