Red Pine Intersects Unexpected Gold Zones at the Wawa Gold Project - Highlights Include 2 g/t over 11.28m including 6.13 g/t over 3.15m
Red Pine Intersects Unexpected Gold Zones at the Wawa Gold Project -
Highlights Include 2 g/t over 11.28m including 6.13 g/t over 3.15m
TORONTO, Nov. 21, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces drill results
from its Fall 2019 Drilling Program at the Wawa Gold Project, located near Wawa, Ontario. The Company discovered 3 new
gold zones, located away from the Surluga Deposit (Figure 1). Highlights include a discovery east of the Surluga Deposit
(footwall) of 2.00 g/t gold over 11.28 metres, including 6.13 g/t over 3.15 metres, and a discovery west of the Surluga Deposit
(hanging wall) of 4.72 g/t over 2.77 metres and 5.13 g/t over 1.80 metres. Also, drilling below the existing Surluga Deposit
intersected, as predicted, mineralization at depth.
Quentin Yarie, Chief Executive Officer of Red Pine stated, "Our 2019 exploration results continue to successfully extend the
Wawa Gold Project resource with gold intercepts in the Surluga Deposit, the Hornblende Shear Zone, and the Minto B Shear
Zone. The new gold zones in the hanging wall and footwall of the Surluga Deposit indicate that new discoveries are still
possible, and continue to be uncovered, near and beyond the footprint of the current resource. Also, results to date show that
the resource can not only be expanded at depth, but also laterally. We now have evidence of the continuity of gold
mineralization over a strike length of 1 kilometre in the Hornblende Shear Zone and 800 metres in the Minto B Shear Zone
with both zones remaining open along strike and at depth.”
Figure 1 is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/7e9db35e-2ef3-4527-8bee-8ef0e36a9b73
A video showing a 3D rendition of new gold zones intercepts is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/04409f1e-5f05-4a71-8ed7-c3c5b884f863
Highlights from the discovered gold zones in the Wawa Gold Corridor:
New gold zones discovered in the Wawa Gold Corridor:
• New structure containing 2 g/t gold over 11.28 metres, including 6.13 g/t gold over
3.15 metres discovered in hanging wall of the Surluga Deposit;
• New structure containing 4.72 g/t gold over 2.77 metres discovered between the
Surluga Deposit and the Hornblende Shear Zone (footwall of the Surluga Deposit);
• New higher-grade zone containing 5.13 g/t gold over 1.80 metres discovered in the
Hornblende Shear Zone;
• Extension of gold mineralization in the Minto B Shear Zone with the intersection of
3.06 g/t gold over 2.02 metres and 1.88 g/t gold over 3.52 metres.
• Extension of higher-grade mineralization beneath the Surluga deposit:
• 5.21 g/t gold over 1.00 metre intersected below the Surluga Deposit with additional
results pending.
Table 1. Highlights of the 2019 drilling results in some of the gold-bearing structures of the Wawa Gold Project
Hole From (m)
To
(m) From (m) To (m) Length (m)* Gold (g/t)
Gold
structure
SD-19-276
92.40 97.35 4.95 0.53 DiscoveryIncluding 96.32 97.35 1.03 1.83
230.50 231.50 1.00 1.13 Discovery
257.93 263.21 5.28 1.06
HornblendeIncluding 262.45 263.21 0.76 2.79
288.00 300.40 12.40 0.97
Including 288 290.88 2.88 2.87
SD-19-277
80.48 81.50 1.02 3.63 Discovery
87.55 90.32 2.77 4.72 Discovery
123.46 125.23 1.77 2.44 Discovery
186.47 193.85 7.38 0.55 Discovery
205.16 206.80 1.64 1.13 Discovery
218.20 222.72 4.52 2.24
HornblendeIncluding 218.20 220.00 1.80 5.13
229.88 231.67 1.79 1.57
SD-19-280
54.59 63.64 8.75 1.15
JubileeIncluding 56.62 57.37 0.85 3.82
61.94 63.34 1.40 2.71
SD-19-281
59.05 60.14 1.09 1.94 Discovery
79.00 80.50 1.50 1.83 Discovery
128.28 136.8 8.52 0.41 Minto B
SD-19-282
32.26 35.00 2.74 1.85 Discovery
242.64 246.16 3.52 1.88
Minto B257.68 259.7 2.02 3.06
284.10 288.10 4.00 0.55
Jubilee313.00 314.00 1.00 5.21
SD-19-283 144.33 155.61 11.28 2.00 DiscoveryIncluding 152.46 155.61 3.15 6.13
*Results in the Minto B Shear Zone, Hornblende Shear Zone and newly discovered structures 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.
Table 2. Collar locations
Hole X Y Z Az Dip
SD-19-276 667932 5316529 354.74 304 58
SD-19-277 667907 5316631 357.30 305 57
SD-19-280 667972 5316140 370.79 280 45
SD-19-281 668505 5316208 376.59 346 70
SD-19-282 668505 5316208 376.59 244 81
SD-19-283 668638 5316118 376.86 305 76
2019 drilling program on the Wawa Gold Project
Red Pine’s 2019 drilling program had three main objectives: 1) test the continuity of mineralization in the Hornblende Shear
Zone located west of the Surluga Deposit, 2) test the continuation of the Surluga Deposit, at depth, beyond the current
footprint and, 3) test the continuity of high-grade mineralization discovered at surface in the Cooper Shear Zone.
Drilling reported here in the Hornblende Shear Zone, west of the Surluga Deposit, successfully extended the strike of a zone of
gold mineralization that was discovered in 2018 (hole SD-18-178 - 0.4 g/t gold over 73.8 m, including 13 g/t gold over 1.08 m).
Hole SD-19-277 indicates that the higher-grade gold mineralization intersected in SD-18-178 extends along strike to the North
in the Hornblende Shear Zone. In addition, holes SD-19-276 and SD-19-277 continue to show that multiple gold-bearing
structures are located between the Hornblende Shear and the Surluga Deposit. SD-19-277 indicates these structures can host
significant gold mineralization.
Drilling below the Surluga Deposit successfully showed that the mineralization of the deposit extends at depth. The results
from SD-19-282 indicate that higher-grade mineralization occurs in the down-dip extension of the structure that hosts the
Surluga deposit - the Jubilee Shear Zone. Hole SD-19-281 and SD-19-282 successfully extended the known strike length of
gold mineralization in the Minto B Shear Zone to the north. The new mineralized structure discovered in hole SD-19-283 shows
that new zones of mineralization are possible in the footwall of the Surluga Deposit, parallel to the Jubilee Shear Zone. This
indicates that future diamond drilling, in the down-dip extension of the Jubilee Shear Zone, could lead to the discovery of new
gold-bearing structures that could host significant zones of gold mineralization, thereby extending the Surluga Deposit.
Results from the Jubilee Shear Zone intersections (beneath the Surluga Deposit) in holes SD-19-283 and SD-19-284 are still
pending.
In the Cooper Shear Zone, diamond drilling proved that the structure extends at depth. Despite the observation of visible gold in
some of the intercepts, drilling results did not replicate the high-grade mineralization encountered at surface with channel
sampling. The Company believes that a very high nugget effect is responsible for the lack of grade continuity observed in the
drill results of the Cooper Shear Zone. The high nugget effect would explain why some samples containing visible gold resulted
in assay results that were below the gold detection threshold of the analytical method.
Wawa Gold Project Background
In July 2019, Red Pine filed a new NI 43-101 Technical Report for the Wawa Gold Project 1 that outlines two (2) new resource
estimates for the property:
• The Surluga Deposit has an indicated resource of 1.2 million tonnes grading 5.31 g/t for 205,000 ounces gold and an
inferred resource of 2.36 million tonnes grading 5.22 g/t for 396,000 ounces gold;
• Over 2000 oz of gold per vertical metre in the Surluga Deposit.
• The Minto Mine South Deposit has an indicated resource of 105,000 tonnes grading 7.5 g/t for 25,000 ounces gold and
an inferred resource of 354,000 tonnes grading 6.6 g/t for 75,000 ounces gold.
• Over 95% of the contained ounces at both deposits are located between surface and 350 metres depth;
• Both deposits remain open at depth.
Six additional gold-bearing structures have been identified on the property that combined, form the Wawa Gold Corridor, a
structure that extends for more than 6 kilometres on the property. These gold-bearing structures include the Cooper, the
Hornblende, the Grace mine, the Minto B, the Parkhill #4-Minto Lower, and the southern extension of the Jubilee Shear zones.
Red Pine’s future drilling programs will be focused on converting these exploration targets into Mineral Resources and proving
their continuity at depth.
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, CEO, (416) 364-7024, [email protected]
Or Mia Boiridy, President, (416) 364-7024, [email protected]
1National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd,
effective July 16, 2019.
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
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