Red Pine Intersects 68.71g/t gold over 4.72m including 231.5 g/t Gold over 1.06m in extension of the Minto Mine South Deposit. Visible Gold Intersected South of the Parkhill Fault.
Red Pine Intersects 68.71g/t gold over 4.72m including 231.5
g/t Gold over 1.06m in extension of the Minto Mine South
Deposit. Visible Gold Intersected South of the Parkhill Fault.
TORONTO, ONTARIO – July 14, 2022 – Red Pine Exploration Inc. (TSXV: RPX, OTCQB:
RDEXF) (“Red Pine” or the “Company”) is pleased to report on new results from its 2022
Phase 1 exploration program . Red Pine drilling has intersected high-grade gold
mineralization in the Minto Mine Shear Zone. We have confirmed gold mineralization in
the extension of the Jubilee Shear south of the Parkhill Fault adding over 2.5kms in strike
length of known continuous gold mineralization to the Wawa Gold Corridor.
“We know that the historic high grade mines; Minto, Parkhill and Darwin Grace; have
produced spectacular gold intersections throughout their operational history and it is
understandable that we are now intersecting similar high-grade as we work to expand our
resources into these area s. Red Pine is making excellent progress as we e xpand the
footprint of our current resource” - Quentin Yarie, President and CEO of Red Pine
Exploration.
High-grade gold in the Minto Mine Deposit
As part of its on-going drilling in the Surluga South exploration target, Red Pine is testing
strategic gaps in the resource of the Minto Mine Deposit . In hole SD -22-373, located
within an approximately 25 meters-wide gap in the current resource of the Minto Deposit,
we discovered additional high-grade gold mineralization in the Minto Mine shear zone.
The results from SD-22-373, combined with those of SD-21-298A (announced September
2, 2021), indicate that the Minto Mine deposit has the potential to host zones of high -
grade gold mineralization.
Table 1 – Minto Mine Shear Zone (refer to Figure1)
Hole From
(m)
To
(m)
Length
(m)*
Est. True
Width
(m)
Visible
Gold
Gold
(g/t) Zone
SD-22-
373
147.49 148.50 1.01 Yes 17.68 Minto Stockwork
159.45 164.17 4.72 3.45 Yes 68.71
Minto Mine Shear Zone
Including
161.15 162.10 0.95 0.69 Yes 80.80
162.10 163.16 1.06 0.77 Yes 231.5
Figure 1 – Minto Mine South Cross Section.
Discovery of gold mineralization in the Jubilee Shear Zone south of the Parkhill
Fault – Figure 2
“As we continue to focus on the expansion of the Surluga and Minto Mine South
resources, a third drill has been conducting further regional exploration of the property ,
particularly south of the Parkhill Fault (Figure xx). We have successfully demonstrated
that a large orogenic gold system exists at the Wawa Gold Project now extending over a
>6km strike length . Gold mineralization exists across multiple structures south of the
Parkhill fault and we will now utilize what we have learned from the Surluga resource to
identify zones of material gold grades and thicknesses . As an example, visible gold has
been intersected in the Jubilee shear south of the Parkhill fault in hole JS-22-368 proving
our teams understanding of this large gold system (assays pending)” - Quentin Yarie,
President and CEO of Red Pine Exploration.
Figure 2 – Plan Map Of Wawa Gold Corridor – Extending the Jubilee Shear.
Further Exploration Results
Red Pine’s drilling confirmed the presence of gold mineralization in some o f the
deformation domains that are forming the Jubilee Shear Zone south of the Parkhill fault
thereby opening this underexplored segment of the structure for additional exploration
(Table 2).
Table 2– Jubilee Shear Zone south of the Parkhill Fault (refer to Figure 2)
Hole From
(m)
To
(m)
Length
(m)*
Est. True
Width (m) Visible
Gold
Gold
(g/t) Zone
JS-22-359
233.32 234.45 1.13 3.14
Jubilee Shear System
296.78 297.63 0.85 1.16
* Assay results presented over core length are estimated to represent over 75% true width
Darwin Grace-Nyman Gold System: Confirmation of mineralization in the G race
Shear Zone 300 meters south of the vertical shaft of the Darwin-Grace Mine
In the Darwin -Grace area, hole DG -22-349 extends gold mineralization in the Grace
Shear Zone 300 m s outheast of the vertical shaft of the Darwin-Grace Mine (Table 3).
Being the southernmost drill hole ever completed in the Grace Shear Zone, DG -22-349
shows that mineralization in the Grace Shear System remains open to the south. Red
Pine’s 2022 Phase 1 exploration program has confirmed the presence of gold
mineralization along the Grace Shear Zone over a total strike length of 650 meters
(announced March 16th, 2022).
Table 3 – Expansion of gold mineralization in the Darwin -Grace mineralized
system*
Hole From
(m)
To
(m)
Length
(m)*
Visible
Gold
Gold
(g/t) Zone
DG-22-334 135.51 136.60 1.09 1.22 Nyman
DG-22-336 NSR
DG-22-344A 322.34 323.66 1.32 1.25 EW vein
DG-22-347 NSR
DG-22-349
24.41 26.09 1.68 4.53 Grace Shear Zone - Upper
Segment
51.26 53.18 1.92 0.48 Grace Shear Zone - Lower
Segment
DG-22-353 82.57 83.73 1.16 1.48 Nyman Shear Zone
DG-22-354 90.81 92.40 1.59 0.79 Nyman Shear Zone
Assay results presented over core length and are estimated to represent > 75% true width in the
Grace Shear Zone and the Nyman Shear Zone.
Surluga North Vein Network
Hole SD -22-352 and SD -22-330 extended the footprints of the Surluga North Vein
Network (Table 4). The intersection in SD -22-352 is located 120 meters east of the
intersection of the Surluga North Vein network in SD-22-326 (refer to press release dated
April 19th, 2022).
Table 4 – Surluga North Vein Network above the Jubilee Shear Zone*
Hole From
(m)
To
(m)
Length
(m)*
Visible
Gold
Gold
(g/t) Zone
SD-22-330 246.52 247.57 1.05 4.14
Surluga North - Quartz
vein network SD-22-352 227.44 228.36 0.92 Yes 13.2
246.13 247.34 1.21 0.90
Assay results presented over core length and are estimated to represent > 35% true width in the
Surluga North Vein Network .
Jubilee Shear Zone
Drilling in the Surluga South and the Surluga North zones in the Jubilee Shear Zone
demonstrate that the structure and gold mineralization are persisting at depth (Table 5).
Table 5 – Jubilee Shear Zone (refer to Figure 2)
Hole From (m) To
(m)
Length
(m)*
Visible
Gold
Gold
(g/t) Zone
332.06 333.02 0.96 1.01
SD-22-
330 355.85 357.79 1.94 1.19 Jubilee Shear Zone –
Surluga North
SD-22-
331B
691.91 693.38 1.47 1.04
Jubilee Shear Zone –
Surluga South
746.79 747.73 0.94 1.30
752.21 754.71 2.50 0.99
761.36 762.36 1.00 1.05
767.00 768.00 1.00 3.21
793.36 795.46 2.10 1.66
SD-22-
332 271.00 274.90 3.90 Yes 0.51 Jubilee Shear Zone –
Surluga North SD-22-
352 351.00 352.12 1.12 1.36
Assay results presented over core length and are estimated to represent > 75% true width in the
Jubilee Shear Zone.
Quality Assurance/Quality Control ("QA/QC") Measures
Drill core samples were transported in security sealed bags for analyses at Actlabs in
Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and
sealed. Groups of samples were then p laced into durable rice bags and then shipped.
The residual 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. and Chief Executive Officer of Red Pine and the Qualified Person,
as defined by National Instrument 43 -101, has reviewed, and approved the news
release’s technical information.
COVID-19 Precautions
Red Pine has developed and implemented compliant precautions and procedures
according to guidelines for the Province of Ontario. Protocols were put in place to ensure
our employees’ and contractors’ safety, thereby reducing the potential for community
contact and spreading of the virus.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto,
Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange
under the symbol "RPX" and on the OTCQB Markets under the symbol “RDEXF”.
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that
has seen major investment by several producers in the last five years. Its land package
hosts numerous historic gold mines and is over 6,900 hectares in size. The Company’s
Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has
extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining,
Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, wh o has
over 25 years of experience in mineral exploration, Red Pine is strengthening its position
as a major mineral exploration and development player in the Michipicoten region.
For more information about the Company, visit www.redpineexp.com
Or contact:
Quentin Yarie, President and CEO, (416) 364-7024, [email protected]
Or
Carrie Howes, Director Corporate Communications, (416) 644-7375,
1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas
P.Geo. Golder Associates Ltd, report effective August 18, 2021.
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