Red Pine Exploration Reports Exploration Targets at its Wawa Gold Project
NEWS RELEASE
October 26, 2017
Red Pine Exploration Reports Exploration Targets at its Wawa Gold
Project
Toronto, Ontario – October 26, 2017 - Red Pine Exploration Inc. (TSX-V: RPX) (“Red
Pine” or “the Company”) announces three exploration targets (the “Exploration Targets”)
in connection with its Wawa Gold Project, located 2 km southeast of Wawa, Ontario. The
Exploration Targets were identified and interpreted by Brian Thomas, P. Geo. of Golder
Associates Ltd. (“Golder”), independent of the issuer within the meaning of section 1.5 of
the National Instrument 43-101.
Highlights:
• Summary of Exploration Targets (Figure 1):
o Hangingwall Exploration Target ranging from 3 Mt to 9 Mt at 1 g/t to 2 g/t
o Footwall Exploration Target ranging from 6 Mt to 17 Mt at 1 g/t to 2 g/t
o High-Grade Discovery Exploration Target ranging from 1.5 Mt to 3 Mt at 4
g/t to 10 g/t
o Contained ounces in the combined three Exploration Targets ranging from
0.5 M oz to 2.5 M oz.
o The Reader is cautioned that the potential tonnages and grades of the
Exploration Targets are conceptual in nature, that there has been insufficient
exploration to define a mineral resource and that it is uncertain if further
exploration will result in any of the Exploration Targets being delineated as
a mineral resource;
• Exploration Targets are part of a coherent system – supports the possibility that the
Wawa Gold Corridor is a large gold system;
• Exploration Targets demonstrate, conditional on successful exploration, the
potential for upside of the property;
• All of the Exploration Targets remain un-tested along strike and down-dip.
Quentin Yarie, President and CEO of Red Pine, stated, "As all the Exploration Targets are
constrained to drilled areas, large potential for expansion remains along strike and down-dip
for all the target areas of the mineralized structures. The Company’s current exploration has
been positively demonstrating the continuity of these structures – especially along the Minto
Mine South Zone. Our future drilling programs will focus on converting the Exploration
Targets into Inferred Mineral Resources, and expanding our exploration into the un-explored
areas of these structures.”
The Exploration Targets demonstrate the size potential of the project, above the current
existing inferred resource of 1,088,000 oz gold at an average grade of 1.71 g/t contained
within 19.82 million tonnes1.
Figure 1 - Locations of the conceptual Exploration Targets
Red Pine Completes Over 25,000m of drilling to date in 2017 – Advancing from
Exploration to Delineation
To better evaluate the potential of the Wawa Gold Corridor and to optimize its on-going
exploration program, the Company tasked Golder to provide guidance to identify the
Exploration Targets.
A number of individual zones have been identified based on assay results, structural and
lithological relationships such as alteration and gold content (Figure 2 and 3).
Figure 2 - Plan map showing the surface trace of the gold-bearing structures included in the
Footwall and Hangingwall
Figure 3 - Cross-section showing the gold-bearing structures included in the Footwall and
Hangingwall
For each of the individual gold zones in each Exploration Target, Golder ranked the
exploration potential of each zone using a numbering system of 1 through 5 – with 5
representing the highest potential.
Table 2: Individual gold zones currently identified within the conceptual Exploration
Targets
Conceptual
Exploration
Target
Individual Gold Zone Priority based on Golder Associates
Guidance
Hangingwall
Jasper Vein 2
Algoma North 2
Algoma Zone 4
Algoma Low 2
Algoma Low 1 2
Algoma South 3
Minto B 5
Footwall
Surluga Road 5
Surluga Road South 3
L7 Gold Zone 2
Hornblende Upper 5
Hornblende Lower 5
William Gold Zone 3
William Lower 3
High-Grade
Discovery
Minto Mine South Zone 5
Grace Deformation 4
Wawa Gold Corridor
Since its involvement with the Wawa Gold Project, commencing in December 2014, Red
Pine has demonstrated that the Jubilee Shear Zone, which hosts all of the inferred resource
as identified in the Company’s technical report (“Independent Technical Report, Wawa
Gold Project, Ontario” prepared by Ronacher McKenzie GeoScience and SRK consulting)
which is available under the Company’s profile on www.SEDAR.com (the “Technical
Report”), is part of a larger deformation and gold mineralization corridor named the Wawa
Gold Corridor.
The Wawa Gold Corridor consists of a network of interconnected gold-bearing shear and
replacement zones extending for at least 8 km northerly by 0.5 km easterly. Individual
shear zones range from 0.5 m to 100 m thick. Gold mineralization is also hosted in large
replacement zones measuring up to 20 m thick. The southern, western and eastern
boundaries of the Wawa Gold Corridor remain unknown.
Construction of the solids used to provide guidance on continued drilling campaign
The geological solids used for the individual gold zones were constructed in Leapfrog Geo
from drill hole and assay data compiled by Red Pine as well as historic drill holes from the
previous operators of the property. For instances where historic holes were unsampled,
the boundaries of the structures were defined using the descriptions available in the drill
logs. Please see the Technical Report for further information. The geometry of the solids
was further constrained using structural measurements obtained by Red Pine oriented
drilling, surface structural measurements and grade distributions within recent and
historic drill holes. Red Pine provided Golder with the solids used for the reporting of the
Exploration Targets. This data was used both for the interpretation of the Exploration
Targets and to provide Red Pine with an assessment of the level of effort to advance these
zones to a NI 43-101 resource status.
Gold Zone determination
The gold bearing zones are based on declustered sample data and conceptual mineral
envelopes provided by Red Pine as determined from ongoing exploration as previously
described.
Golder Associates completed a site visit to the Surluga property between May 15 and 16,
2017. During the site visit all geological logging, sampling and quality assurance and quality
control (QA/QC) procedures were reviewed, drill hole collar locations were verified by
handheld GPS, surface trenches were visited, and 17 verification samples were taken from
quarter sawn, HQ- and NQ-sized drill core. Golder determined that all procedures used by
Red Pine were found to be consistent with industry standard practices.
Golder recommends to continue the exploration effort to improve the geological
understanding and increase the level of confidence in the geometry and distribution of gold
in the conceptual Exploration Targets. However, the reader is cautioned that the potential
tonnages and grades of the Exploration Targets disclosed above are conceptual in nature,
that there has been insufficient exploration to define a mineral resource and that it is
uncertain if further exploration will result in any of the Exploration Targets being
delineated as a mineral resource.
Background
The Wawa Gold property package consists of over 5,500 hectares and hosts several former
mines with a combined historic production of 120,000 oz gold2. 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 tonnes1.
Since December 2014, Red Pine's exploration work has involved the ongoing sampling of
42,000 m of historic core that was never sampled by previous operators of the project, and
aggressive drilling campaigns. To date, the Company has completed over 25,000 m of
drilling and made four 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. These are part of the Wawa Gold Corridor, a gold-mineralization zone that
extends for more than 5 km.
Red Pine’s completed 25,000 m drill program is designed to potentially expand the size of
the existing inferred gold resource and connect the other zones of gold mineralization
along the newly-discovered Wawa Gold Corridor. Two drills are currently operating non-
stop- one is targeting the Surluga North discovery (14.66 g/t gold over 15.23 m (SD-16-
45)) while the second drill is targeting the Minto Mine South Zone discovery (19.92 g/t
gold over 3 m (SD-17-73)). However, there has been insufficient exploration to define any
additional mineral resource above what is identified in the Technical Report and that it is
uncertain if further exploration will result in any of the Exploration Targets being
delineated as a mineral resource.
Qualified Person
Quentin Yarie, P.Geo. is the Qualified Person responsible for preparing, supervising and
approving the scientific and technical portions of this news release outside the scope of the
Independent reporting of the Exploration Targets and is responsible for overseeing all
aspects of the company's exploration programs.
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]
1NI 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)).
2Mineral 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.
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