Red Pine Exploration Enters into MOU with Michipicoten First Nation
NEWS RELEASE
September 27, 2017
Red Pine Exploration Enters into MOU with Michipicoten First Nation
Toronto, Ontario – September 27, 2017 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red
Pine" or the "Company") is pleased to announce that it has entered into a Memorandum
of Understanding ( “MOU”) with the Michipicoten First Nation. The MOU outlines a clear
and mutually agreed upon process for consultation between the parties duri ng the
exploration phase of Red Pine’s program. Red Pine is carrying out exploration work on its
Wawa Gold Project located near the Town of Wawa, approximately 220 km north of Sault
Ste. Marie, in northeastern Ontario. The Wawa Gold Project consists of fee simple lands
and mining claims that are located in the Michipicoten First Nation (“MFN”) Territory.
The MFN is a signatory of the 1850 Robinson -Superior Treaty and an aboriginal people
within the meaning of Section 35 of the Constitution Act , 1982, and as such, asserts
aboriginal and treaty rights within the area.
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, “The Company,
and its predecessors, have always maintained a good working relationship with MFN. This
MOU formalizes the consultation process regarding the development of the Wawa Gold
Project, and enables MFN to understand the potential impacts of the development of the
Project on the exercise of aboriginal and treaty rights.
We want to continue to foster a mutually beneficial working relationship, founded on
principles of trust, respect and understanding as we continue to advance the Project. It has
been a pleasure to work with the representatives of MFN on the MOU. MFN has been
considerate and understanding through the whole process and Red Pine does not envision
anything different as we move towards more intensive exploration and development
considerations in the future.”
Wawa Gold Project
The Wawa Gold prope rty package consists of over 5,5 00 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 19 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.
To date, the Company completed over 22,000 metres of drilling and made four major
discoveries along the extension of the Surluga Deposit: the Surluga North Zone; the
Hornblende-William Zone; The Minto Mine South Zone; and the Grace -Darwin Zone. All
these mineralized zones are interpreted to form a coherent structural system , the Wawa
Gold Corridor, and are anticipated to have a positive impact on the p roperty’s gold
inventory.
Red Pine’s on -going 20,000 -metre drill program is focussed on three of the four key
discoveries with two drills operating non -stop on the property. The first drill is currently
targeting the Surluga North discovery, where Red Pin e’s hole SD-16-45 intersected 14.66
g/t gold over 15.23 metres (the Surluga North high -grade zone) while the second drill is
targeting the M into Mine South Zone where the discovery of a near-surface high -grade
quartz vein (Minto E discovery) (see Sept. 20, 2017 News Release) further emphasises the
potential of the zone.
The Company is well-funded and as such, the sampling and drill programs will continue
throughout 2017. A preliminary metallurgical study is underway to optimize gold and
silver recoveries and an estimate of exploration potential is expected later this fall.
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]
1Mineral Resource Statem ent, 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)).
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 rel iance 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 ev ents or
otherwise, other than as required by law.