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Red Pine Exploration Inc (2)
Symbol RPX
Shares Issued 369,230,323
Close 2019-09-24 C$ 0.035
Recent Sedar Documents

Red Pine samples 0.6 m of 16.49 g/t Au at Wawa

2019-09-25 06:10 ET - News Release

Mr. Quentin Yarie reports

RED PINE EXTENDS THE FOOTPRINT OF THE GRACE DISCOVERY AT ITS WAWA GOLD PROJECT

Red Pine Exploration Inc. has released results from its 2019 channel sampling program at the Grace shear zone at its Wawa gold project. The Grace shear zone, located three kilometres south of the southernmost extension of the Surluga resource, is host to the historical Darwin-Grace mine. The mine was last in production in 1938 and milled just over 41,302 tonnes of gold at an average grade of 17.63 grams per tonne.

Channel sampling highlights:

  • The Grace shear zone known strike length has been extended by more than 100 metres to the northwest. The known strike length of the structure is now at least 500 metres.
  • High-grade gold persists in the northern extension of the Grace shear zone at surface:
    • Trench 5B-1 contains 16.49 g/t gold over 0.6 metre.
    • Trench 2-1 contains 7.56 g/t gold over 1.05 metres.
    • Trench 5A-4/5 contains 2.98 g/t gold over 1.9 metres.

Quentin Yarie, president and chief executive officer of Red Pine, stated: "Back in 2017 we intersected significant gold mineralization at the Grace shear with 30.14 g/t gold over 4.32 metres (estimated true width) in hole DG-17-56. We decided to return to this area following the issuance of our latest NI 43-101 to show that there is more gold to be found on our property package. Our mechanized stripping program successfully extended the strike length of the Grace shear zone to 500 metres and it remains open in both directions. With our added understanding of the structure we will be drilling this area in the coming months."

Objective of Red Pine's 2019 exploration program

Red Pine issued a new resource estimate for the Wawa gold project in July, 2019 (National Instrument 43-101 technical report for the Wawa gold project, Brian Thomas, PGeo, Golder Associates Ltd., effective July 16, 2019). Two deposits have been identified on the property to date. The Surluga deposit has an indicated resource of 205,000 ounces gold grading 5.31 g/t gold and an inferred resource of 396,000 ounces grading 5.22 g/t gold. The Minto mine south deposit has an indicated resource of 25,000 ounces gold grading 7.5 g/t and an inferred resource of 75,000 ounces gold grading 6.6 g/t gold.

There are six gold-bearing structures at the Wawa gold project for which conceptual exploration targets have been estimated. The company's current drilling program is focused on testing the Cooper and Darwin-Grace targets and proving the continuity of the Surluga resource at depth.

Geological attributes of the Grace structure

Red Pine's 2019 trenching in the Grace shear zone confirms that the structure extends to the north and suggests that the structure remains open both to the south and to the north of its currently known footprint. The geological data collected during the trenching program also improved the company's geological understanding of the structure and will contribute to the optimization of the drill targeting in the Grace shear zone.

Cooper structure

As announced on Sept. 18, 2019, Red Pine completed 10 exploration diamond drill holes, covering a strike length of 325 metres, in the Cooper shear zone. Assays are pending. This initial diamond drill program follows Red Pine's 2019 channel sampling program in the Cooper shear zone where multiple centres of high-grade gold mineralization were found. Additional channel sampling results are available in the associated table.

      SIGNIFICANT RESULTS FROM THE CHANNEL SAMPLING 
    IN THE TRENCHES IN THE COOPER DEFORMATION CORRIDOR
 
Trench ID             From        To    Sample ID        Au
                       (m)       (m)                  (g/t)

Trench 2-1             1.5      2.55       918378      7.56
Trench 5A 4/5            1       2.1       918392       0.3
                       2.1       3.1       918393      3.75
                       3.1         4       918394      2.01
Trench 5B                0       0.6       918402     16.49
                       0.6      1.65       918403      0.86

* Assay results in the Grace shear zone presented 
as channel sampling length. For most trenches, 
channel sampling was done as close as possible 
to perpendicular to the strike of the structures. 
However, the presence of topographic irregularities 
at surface makes the estimation of true width difficult. 

 

On-site quality assurance/quality control (QA/QC) measures

Channel samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Ancaster, Ont. Individual samples are labelled, 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

Mr. Yarie 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 is a gold and base metals exploration company headquartered in Toronto, Ont., Canada.

Red Pine has a 60-per-cent interest in the Wawa gold project with Citabar LP holding the remaining 40-per-cent interest. Red Pine is the operating manager of the project and is focused on expanding the existing gold resource on the property.

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