Red Pine Exploration Intersects Visible GOLD IN New Drill Holes South of Surluga Deposit
NEWS RELEASE
May 3, 2017
RED PINE EXPLORATION INTERSECTS VISIBLE GOLD IN NEW
DRILL HOLES SOUTH OF SURLUGA DEPOSIT
Toronto, Ontario – May 3, 2017 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or
the "Company") has completed holes SD-17-73 to SD-17-79, that were drilled
immediately south of the Surluga Deposit in the Minto Mine area as part of the new
10,000m spring drilling program . The Company anticipates receiving the initial assay
results in the coming weeks.
Preliminary highlights include (see Figure 1):
• SD-17-73 to SD -17-79: Visible gold observed in all seven holes drilled in the
southern extension of the Minto Mine shear zone.
• The deepest intersection with visible gold is 100 m below surface in SD-17-76
Quentin Yarie, President and Chief Executive Officer of Red Pine stated , “We are quite
excited by the observation of visible gold in all seven holes drilled so far in in the southern
continuity of the Minto Mine. T hese results indicate that high -grade quartz lenses may
remain to be discovered along the Minto Mine structure.”
As part of the new 10,000m diamond drill program and following- up on a promising
intersection of the Minto Mine Structure near the former Park hill Mine area (see press
release dated April 5, 2017), seven drill holes were recently completed targeting potential
extensions of the Minto Mine Structure south of the former Minto Mine (see Figure 1).
A re-evaluation of historic data and the recent intersections of the Minto Mine Structure
in the Parkhill Mine area indicate a potential total strike length of 2.2 km, as measured
from the northern end of the Minto Mine to the southern end of the Mariposa vein that
500 m south of the Minto Mine.
The seven drill holes cover an area 15 0 m x100 m into the Minto Mine S tructure and the
deepest intersection is 100 m below surface in SD -17-76. In hole SD -17-73, the Minto
Mine structure is overlain by networks of quartz veins, including some containing visible
gold and were also observed at 18 m and 44 m.
The on-going drilling in the Minto Mine area is designed to infill the 1 km strike length of
the Minto Mine Structure that separates the former Minto mine ( 23,000 ounces @ 12.56
g/t gold )3 from the form Parkhill mine (54,298 ounces @ 14.81 g/t gold)1.
Figure 1. Highlights of the 2017 Drill Program in the Minto Mine Structure
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 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 12 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 the completion in March 2017 of a 6,000 -
metre drill program (initiated in November 2016). This drill program is being currently
followed by a new 10,000-metre drill program that was 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. 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.
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 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, Ontar io, 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]
1Ronacher, 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).
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 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 inf ormation,
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
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