Red Pine Stakes Additional Claims at its Wawa Gold Project, Completes 6,000 m Drill Program and Begins 10,000 m Exploration Program
NEWS RELEASE
March 21, 2017
Red Pine Stakes Additional Claims at its Wawa Gold Project, Completes
6,000 m Drill Program and Begins 10,000 m Exploration Program
Toronto, Ontario – March 21, 2017 - Red Pine Exploration Inc. (TSX -V: RPX) (“Red
Pine” or “the Company”) announces that it has staked an additional 137 hectares within
the boundary of its Wawa Gold Project , bringing its total land package to 5, 510 hectares
(Figure 1). The Company has also completed its previously announced 6,000 metres drill
program with the available results leading to the start of a larger 10,000 metres drill
project.
Quentin Yarie, President and CEO of Red Pine, stated, "We are pleased to have secured this
new area, within the limits of our Wawa Gold Project, that wasn’t available previously. By
securing these new claims, the Company is consolidating its land package and ensuring that
it maximizes its holdings of prospective ground.”
The new 10,000 metre s drill program will continue to focus on advancing the Surluga
Deposit and exploring targets within the Wawa Gold Corridor. A second drill will be
mobilized after spring breakup.
Wawa Gold Project Highlights
Hosts a 43-101 Inferred Resource (“Surluga Deposit”) of 1,088 M oz at 1.71 g/t
gold (0.5 g/t gold cut-off)1 open in all directions
New gold mineralization discovered in the hanging-wall and footwall of the
Surluga Deposit
The resource appears to extend 525 metres to the north (2.0 g/t over 8.96 m)
High-grade mineralization (57.31 g/t over 3.14 m) was found 3 km south of the
resource
The gold mineralization is hosted in closely stacked shear zones (Wawa Gold
Corridor)
Property hosts 8 past producing mines (120,000 oz gold at 9.04 g/t average grade)
Located 2 km southeast of Wawa, Ontario, close to roads and infrastructure
Figure 1. Location map of newly staked ground
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]
1NI 43-101 inferred resource of 1,088,000 ounces of gold a t 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)). The report is
available on www.SEDAR.com under Red Pine’s profile.
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”, “pot ential” 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.