Red Pine Exploration Extends High-Grade Minto MINE South Zone; 13.8 G/T GOLD over 2 Metres
NEWS RELEASE
June 13, 2017
RED PINE EXPLORATION EXTENDS HIGH-GRADE MINTO MINE
SOUTH ZONE; 13.8 G/T GOLD OVER 2 METRES
Toronto, Ontario – July 13, 2017 – Red Pine Exploration Inc. (TSX -V: RPX) ("Red Pine"
or the "Company") is pleased to announce new results from five drill holes completed as
part of its 20,000 metres (“m”) drilling program at the Wawa Gold Project which includes
13.8 grams per ton (“g/t”) over 2m.
Drilling highlights for the Minto Mine South Zone include (see Table 1 and Figures 1
and 2 below):
• Extension of the h igh-grade core of the Minto Mine South Zone laterally and at
depth;
• Observation of visible gold in step -out holes up to 80m south along strike of the
Minto Mine South Zone;
• Discovery of the Minto E structure overlying the Minto Mine South Zone with two
drilling intersections containing visible gold (results pending);
• Discovery of a gold-bearing shear zone overlying the Minto Mine South Zone in SD-
17-85 containing 1.37 g/t gold over 7.4m; and
• Minto Mine South Zone remains open at depth , along strike to the south and to the
east and west.
Quentin Yarie, President and Chief Executive Officer of Red Pine stated , "The on-going
drilling in the Minto Mine South Zone continues to prove high-grade gold into the structure .
We are also excited by the discovery of adjacent structures ( Minto E) in which visible gold
was observed in two holes . This significantly expands the potential of the Minto Mine South
Zone.
From a larger view , it is exciting that the spatial relation between the Minto Mine South
Zone and the Minto E Zone indicates a structural similarity with the Parkhill Mine, the
highest-grade gold resource histori cally mined on the property. We will continue to
aggressively explore the multiple discoveries made in the Minto Mine area.”
Table 1. Highlights of the 2017 drilling results south of the Minto Mine South Zone
Hole From
(m)
To
(m)
Length
(m)*
Gold
(g/t) Gold Zone
SD-17-79 78.4 80.4 2.0 6.54
Minto Mine South Zone SD-17-82
119.5 130.0 10.5 1.42
including
119.5 122.5 3.0 2.90
SD-17-85
54.8 62.2 7.4 1.37
Discovered Gold Zone Including
54.8 57.9 3.1 2.54
150.1 152.3 2.2 3.16
Minto Mine South Zone SD-17-86 152.3 154.3 2.0 13.82
SD-17-88 108.9 110.9 2.0 7.37
*Assay results reported ove r intersection length . In the Minto Mine South Zone, intersection length estimated
to be represent ≥ 95% true width for SD-17-85 and 17-86, ≥ 80% true width for SD-17-88, >75% true width for
SD-17-79 and > 60% true width for SD -17-82. As it represents a discovery with a single intersection, no true
width estimation is available for the discovered gold zone in SD -17-85 and additional drilling will be requ ired
to estimate the true width of the structure.
Overview of the drilling results in the Minto Mine South Zone area
Recent results and the multiple discoveries (Darwin- Grace, Minto South Zone, Surluga
North, Hornblende -William) highlight the many centers of gold mineralization that are
anticipated to have a positive impact on the property gold inventory. All the mineralized
centers are interpreted to form from a coherent structural system hosted within and
spatially connected by the Wawa Gold Corridor.
The five holes presented above were testing the Minto Mine South Zone both laterally and
at depth and the holes successfully intersected the structure. I n addition to the Minto
Mine South Zone, a new gold zone was also discovered in SD -17-85. With the current
drilling, the Minto Mine South Zone is defined over an area of 300m x 300m.
Results for 1 1 boreholes 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 and to further
define the Minto E Zone.
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 ounces (“oz”) of gold
(“Au”). To date, the largest gold deposit on the property is the Surluga deposit, which
hosts a NI 43- 101 Inferred Resource of 1,088,000oz Au at an average grade of 1.71 g/t
using a 0.5 g/t cut-off contained within 19.82 million tonnes1,2.
Exploration work conducted by Red Pine during the past 12 months has involved the
ongoing sampling of 42,000m of historic core that was never sampled by previous
operators of the project (initiated in February 2016) and the completion in March 2017 of
a 6,000m drill program (initiat ed in November 2016). This drill program was
immediately followed by a new 20,000m drill program announced on May 17th, 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 core 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 Zone has confirmed that the resource could
extend at least 525m to the north.
The Company is well positioned to fund its share of the Wawa Gold exploration program
following the completion of a brokered private placement for gross proceeds of
approximately $6.5 million on February 24, 2017. 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. 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 anal yses to Activation
Laboratories Ltd. in Ancaster, 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.
Forward Looking Information
This News Release contains forward -looking statements. In some cases, you can ident ify 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 on ly 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 reliance shou ld 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 events or otherwise, other than as required by law.