Red Pine Intersects Thick Zones of Gold Mineralization Including High-Grade Intersections - 42.2 g/t over 2 m within 34.6 m at 3.7 g/t; 6.7 g/t over 3.1 m within 21.9 m at 1.7 g/t (all in true width)
Red Pine Intersects Thick Zones of Gold Mineralization Including High-Grade
Intersections - 42.2 g/t over 2 m within 34.6 m at 3.7 g/t; 6.7 g/t over 3.1 m within
21.9 m at 1.7 g/t (all in true width)
TORONTO, March 01, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces new results
from its delineation drilling of the Surluga Deposit (“Surluga” or the “Deposit”). The Surluga Deposit 1 is one of two (2) known
resources, identified to date, on the large 6,519 hectares Wawa Gold Property, located near Wawa, Ontario. These latest
results will be included a revised NI 43-101 resource estimate for the Deposit that is expected to be issued in Q2 2019.
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "The discovery of significant mineralization, both in
width and grade, outside of the current footprint of the inferred resource, indicates that our understanding of the deposit has
increased substantially. The holes reported here are filling numerous gaps in the Surluga Deposit that were never explored
before, but are adjacent to the existing underground infrastructure of the Surluga and Jubilee Mines. Assay results for
another 23 drill holes are still pending. Visible gold, and arsenopyrite, typically associated with zones of stronger gold
mineralization in the Surluga Deposit, were also observed in those pending holes.”
Drilling highlights (Table 1):
• Discovery of high-grade gold in delineation holes of the Surluga Deposit:
° Hole SD-18-243A contains 14.3 g/t gold over 7 m (true width) including 42.2 g/t gold over 2 m (true width);
° Hole SD-18-244 contains 5.4 g/t gold over 4.8 m including 6.7 g/t gold over 3.1 m (true width);
° Hole SD-18-248 contains 7.3 g/gold over 2.8 m (true width).
• Discovery of significant mineralization in gold zones above the Jubilee Shear in the extension of the Minto B
Shear:
° Hole SD-18-247 contains 1.1 g/t gold over 51.4 m including:
• 2.3 g/t gold over 17.7 m,
• 8.3 g/t gold over 1.2 m,
• 5.1 g/t gold over 2 m, and
• 6.7 g/t gold over 3.1 m.
Red Pine’s work to improve its understanding of the geological factors that control higher-grade gold mineralization in the
Surluga Deposit has enabled the Company to identify zones where significant gold mineralization can be expected. Holes SD-
18-243A, 244 and 248 targeted one of these areas (Figure 2). Red Pine’s delineation program has both expanded and
discovered zones of gold mineralization in both the hanging wall and footwall in the Jubilee Shear Zone. This includes, as
noted above, a wide zone of gold mineralization intersected in the Minto B structure.
Infill and confirmation drilling in the Jubilee Shear Zone
Red Pine’s 2018 diamond drill program, from July to early January 2019, targeted strategic areas in the Surluga Deposit where
geological modelling suggested that high-grade mineralization would be discovered. Drilling results to date support the
potential for the Surluga Deposit to host a higher-grade gold resource, accessible using the existing underground
developments of the Surluga Mine. Recent drilling is also confirming that additional gold zones exist below the Jubilee Shear
Zone (host of the Surluga Deposit) and that higher-grade mineralization can be found in those gold zones. Gold assays results
for 23 holes completed in the Surluga Deposit are still pending. The Company remains on track to deliver an updated resource
estimation for the Surluga Deposit in Q2 2019.
Table 1. Highlights of the 2018 drilling results in the Jubilee Shear Zone and the Wawa Gold Corridor
Hole X Y Z Az Dip From
(m)
To
(m)
Length
(m)*
Calculated
true width
(m)
Gold
(g/t) Gold Zone
SD-18-240 668153 5316251 381 340 63
142.8 151.7 8.9 8.0 2.3
Jubilee Shear ZoneIncluding
143.7 150.7 7.0 6.3 2.9
161.0 166.0 5.0 4.5 0.6
199.5 205 5.5 5.0 1.1
Surluga Road Shear ZoneIncluding
202.3 203.3 1.0 0.9 5.5
SD-18-242 668153 5316251 381 353 56 177.0 186.5 9.5 7.9 0.5 Jubilee Shear Zone
SD-18-243a 668153 5316251 381 175 72
187.4 236.8 49.4 34.6 3.7
Jubilee Shear Zone
Including
205.0 208.8 2.9 2.0 42.2
211.3 214.3 3.0 2.1 5.9
219.3 221.5 2.2 1.5 6.1
229.7 231.7 2.0 1.4 6.3
SD-18-244 668153 5316251 381 214 66
172.5 199.9 27.4 21.9 1.7
Jubilee Shear ZoneIncluding
174.3 180.3 6.0 4.8 5.4
174.3 178.2 3.9 3.1 6.7
SD-18-245 668078 5316293 380 260 57
99.3 104.5 5.2 4.9 1.3
Jubilee Shear ZoneIncluding
103.4 104.5 1.1 1.0 4.0
SD-18-247* 668169 5315848 351 226 72
78.2 129.6 51.4 1.1
Minto B Shear Zone
Including
91.8 93.0 1.2 8.3
115.8 122.5 6.7 2.5
126.5 129.6 3.1 6.7
SD-18-248 668078 5316295 380 20 74
103.8 129 25.2 20.2 2.2
Jubilee Shear ZoneIncluding
103.8 107.3 3.5 2.8 7.3
121.1 125.7 4.6 3.7 3.5
*Results in the Minto B Shear Zone are presented as core length. Because of the complex superimposition of different
tectonic fabric in the Minto B structure, additional drilling is required to define the geometry of the mineralized zones contained
in the Minto B Shear Zone.
Figure 1. Plan map of drilling results
Figure 2. Schematic longitudinal section of the Surluga Deposit
Wawa Gold Project Background
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 exploration drilling campaigns. To date, the Company has completed
over 59,000 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 kilometres.
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 Wawa Gold Corridor.
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 LP. 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 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.
Photos accompanying this announcement are available at:
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