Red Pine Extends Minto Mine South Zone Discovery; Highlights Include 11.47 g/t Gold over 2 Metres including 28.2 g/t Gold over 0.8 Metre
Red Pine Extends Minto Mine South Zone Discovery; Highlights Include 11.47
g/t Gold over 2 Metres including 28.2 g/t Gold over 0.8 Metre
TORONTO, Jan. 09, 2018 -- Red Pine Exploration Inc. (TSX-V:RPX) ("Red Pine" or the "Company") announces results from six
holes drilled in the Minto Mine South Zone (“MMSZ”) at the Company’s Wawa Gold Project. The drill holes were part of Red
Pine’s 20,000 m drilling program that was completed last fall.
Drilling highlights for the Minto Mine area include:
• High-grade gold mineralization of the MMSZ continues to extend south towards the Parkhill mine and at
depth (current strike length of 375 metres):
- SD-17-126 contains 11.47 g/t gold over 2 metres ;
- SD-17-121 contains 5.58 g/t gold over 2 metres.
• Stockwork Mineralization around the MMSZ:
- SD-17-121 contain 1.3 g/t over 4.6 metres (Figures 1, 3).
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "The MMSZ continues to be predictable as we are
expanding the discovery south towards the historic Parkhill Mine (average grade 14.81 g/t). Drilling also continues to discover
additional zones of mineralization around the MMSZ in the Minto Stockwork. We will carry on drilling in the area in 2018 and
we expect that our results will continue to validate our exploration model by expanding the high-grade zone of the MMSZ.”
MMSZ vs Minto Mine Stockwork
The Minto Mine Stockwork is a complex system of structurally controlled tensions veins forming a “halo” around the MMSZ.
Host rocks in the shoulders of the tension veins are weakly to moderately altered with sericite, silica and disseminated pyrite
and pyrrhotite. The true thickness of the quartz veins forming the stockwork typically ranges from 10 centimetres to 1 metre.
Table 1. Highlights of the 2017 drilling results in the MMSZ
Hole From (m) To (m) Length (m)* Gold
(g/t) Gold Zone
SD-17-121
179 181 2 5.58
MMSZIncluding
180 180.9 0.9 10.9
SD-17-123 175.5 179.1 3.6 2.13 MMSZ
SD-17-126
186.6 188.6 2 11.47
MMSZIncluding
186.6 187.4 0.8 28.2
*Assay results reported over intersection length. In the Minto Mine South Zone, for SD-17-121 and SD-17-123 and SD-17-126,
the intersection length is estimated to be >85% true width.
Table 2. Highlights of the 2017 drilling results in the Minto Mine Stockwork
Hole From (m) To (m) Length (m)* Gold
(g/t) Gold Zone
SD-17-121
117.4 122 4.6 1.3
Minto StockworkIncluding
121 122 1 3.7
Additional drilling is required to estimate the true width of the Minto stockwork.
Minto Mine Discovery Area
Red Pine’s drilling in the Minto Mine area continues to increase the high-grade zone of the MMSZ that now extends over a
strike length of 375 metres. Results suggest that the Minto Stockwork may have an extensive footprint.
In holes SD-17-121 and SD-17-123, the MMSZ is partially diluted by cross-cutting lamprophyre dikes that may have reduced
the overall gold grade of the zone. SD-17-119 and SD-17-120 were drilled outside the trend of the high-grade zone of the MMSZ
and have not intersected significant mineralization. SD-17-125 intersected the main quartz vein of the MMSZ and proved the
continuity of the zone, but contained low gold grade. Additional drilling will help confirm the geometry of the Minto Stockwork
and the multiple orientation of the veins that compose it.
Results for 20 boreholes in the Minto Mine South Zone are still pending. The zone remains open at depth and along strike
(>1km) to the south. Five (5) additional drill holes are currently planned to further define its strike length and down-dip
extension.
Wawa Gold Project 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 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.
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 31,000 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 on-going 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 while the second drill is targeting the Minto Mine South Zone discovery.
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 in 2018.
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security-sealed bags for analyses 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 at 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
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 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.
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