Red Pine Exploration Initiates Exploration Target Review at its Wawa Gold Project
NEWS RELEASE
April 4, 2017
Red Pine Exploration Initiates Exploration Target Review at its Wawa Gold
Project
Toronto, Ontario – April 4, 2017 - Red Pine Exploration Inc. (TSX -V: RPX) (“Red Pine”
or “the Company”) announces that it has contracted Golder Associates Ltd. (“Golder”) to
review the exploration target potential at the Wawa Gold Project and update the June
2015 Technical Report1.
Quentin Yarie, President and CEO of Red Pine, stated, "We are pleased to work in
collaboration with Golder to review the exploration target at the Wawa Gold Project. From
the beginning, our team determined that there was more gold on the property than
previously thought. Our exploration program to date has shown that many mineralized gold
zones are not included in the current inferred resource and that high -grade gold zones exist
beyond it. As we continue to aggressively advance exploration on the property, Golder’s
review will provide stakeholders and investors with insight on the possible extent of the gold
mineralization at Wawa.”
The exploration target will summarize the tonnage and grade ranges for the mineralized
corridor that includes the Surluga Deposit at the Wawa Gold Project. The Reader is
cautioned that the potential quantity and grade will be conceptual in nature, that there
will be insufficient exploration to define a mineral resource and that it is uncertain if
further exploration will result in the target being delineated as a mineral resource.
Golder will then complete an update of the June 2015 Technical R eport that will include
the exploration target and provide recommendations for future exploration programs.
Wawa Gold Project Highlights
The Surluga Deposit hosts a 43-101 Inferred Resource of 1.088 Million oz gold at
1.71 g/t gold (0.5 g/t gold cut-off)2
The deposit remains open in all directions including new gold mineralization
discovered in the hanging-wall and footwall of the Surluga Deposit
Recent exploration results suggests gold mineralization extends 525 metres to the
north (2.0 g/t over 8.96 m [SD-16-43])
High-grade mineralization (57.31 g/t over 3.14 m [DG-17-56]) exists 3 km south of
the Surluga deposit
The gold mineralization is hosted in closely stacked parallel shear zones (Wawa
Gold Corridor)
Property package hosts 8 past producing mines (total historic production of
120,000 oz gold with an average grade of 9.04 g/t gold)
Located 2 km southeast of the Municipality of Wawa, Ontario, close to roads,
power and other infrastructure
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 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 kn own 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 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.