Red Pine Exploration Expands the High-Grade Core of its “Minto Mine South Zone” Discovery - 11.82 g/t Gold over 3.49m including 51 g/t Gold over 0.8m
NEWS RELEASE
June 21, 2017
Red Pine Exploration Expands the High-Grade Core of its “Minto Mine
South Zone” Discovery - 11.82 g/t Gold over 3.49m including 51 g/t Gold
over 0.8m
Toronto, Ontario – June 21, 2017 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine"
or the "Company") has received partial results for holes SD-17-75 to SD-17-78 (additional
results pending) that were drilled between 150-200m south of the former Minto Mine
(23,000 oz gold at 12.56/g/t)1. Drilling results continue to demonstrate that the high-
grade mineralization of the historic Minto Mine extends to the south. Furthermore, the
mineralization of the Minto Mine South Zone appears to be hosted in stacked gold-
bearing structures similar to the ones at the Surluga Deposit (>1M oz inferred gold
resource at 1.71 g/t)2.
Drilling highlights for the Minto Mine drilling program include (see Table 1 and
Figures 1 and 2 below):
Extension of the high-grade core of the Minto Mine South Zone intersected in SD -
17-73;
o SD-17-78 contains 11.82 g/t gold over 3.49m and 1.39 g/t gold over 0.91m
in the Minto Mine South Zone;
Indications that the Minto Mine South Zone remains open at depth and laterally;
Confirmation of the continuity of the new discovery over its >1km length.
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "Our models of our
Minto Mine South Zone discovery have been very robust. The structur e is proving to be
predictable and with drilling, we are able to trace this near-surface high-grade gold zone
along strike and at depth. Our drilling results have also discovered additional mineralized
structures in both the hanging wall and footwall of t he Minto Mine South Zone, suggesting
that not unlike the Surluga Deposit, we are looking at multiple stacked gold-bearing
structures”.
Table 1. Highlights of the spring 2017 drilling results in the Minto Mine area
Hole From
(m)
To
(m)
Length
(m)*
Gold
(g/t)
SD-17-75 102.24 104.13 1.89 2.74
SD-17-77A*
45.96 51.55 5.29 2.00
including
45.96 46.77 0.81 9.17
SD-17-78*
48.88 49.79 0.91 1.39
53.7 57.19 3.49 11.82
including
55.3 56.1 0.8 51
*Assay results reported ove r intersection length estimated to be represent ≥ 85% true width for SD -17-75 and
17-77A and ≥ 95% true width for SD-17-78
On-going Drill Program - Continued Expansion of the Minto Mine South Zone
Holes SD-17-82, SD-17-85, SD-17-86, SD-17-90 and SD-17-94 were drilled in the down-
plunge continuity of the Minto Mine South Zone. They indicate that the gold-bearing
quartz veins of the Minto Mine Structure thicken at depth with a considerable visible
increase in sulphide content. Higher sulphide content has been associated with higher
gold content (Assays pending).
Results for 13 boreholes covering an area of 250m x 120m drilled in the Minto Mine
South Zone are still pending. The zone remains open at depth and along strike (>1km) to
the south. Ten (10) additional drill holes are currently planned to further define its strike
length and depth.
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 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 Gold 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 southeast of the Municipality of Wawa, Ontario , close to roads, power and
other infrastructure
8 past producing mines on property with historical production of 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
o Exploration continuing to expand the existing resource
Considerable Growth Potential
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. Highlights of the 2017 Drill Program in the Minto Mine Structure
Figure 2. Longitudinal section showing drilling intersections in the Minto Mine Structure
between the former Minto and Parkhill Mines
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security -sealed bags for analyses to SGS in
Lakefield, 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 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]
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 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 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 k nown 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 in formation,
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 events or
otherwise, other than as required by law.