May 3, 2017 @ 08:57
Red Pine Exploration Inc. has completed holes SD-17-73 to SD-17-79, that were drilled immediately south of the Surluga Deposit in the Minto Mine area as part of the new 10,000m spring drilling program. The Company anticipates receiving the initial assay results in the coming weeks.
Preliminary highlights include (see Figure 1):
- SD-17-73 to SD-17-79: Visible gold observed in all seven holes drilled in the southern extension of the Minto Mine shear zone.
- The deepest intersection with visible gold is 100 m below surface in SD-17-76
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, “We are quite excited by the observation of visible gold in all seven holes drilled so far in in the southern continuity of the Minto Mine. These results indicate that high-grade quartz lenses may remain to be discovered along the Minto Mine structure.”
As part of the new 10,000m diamond drill program and following-up on a promising intersection of the Minto Mine Structure near the former Parkhill Mine area (see press release dated April 5, 2017), seven drill holes were recently completed targeting potential extensions of the Minto Mine Structure south of the former Minto Mine (see Figure 1).
A re-evaluation of historic data and the recent intersections of the Minto Mine Structure in the Parkhill Mine area indicate a potential total strike length of 2.2 km, as measured from the northern end of the Minto Mine to the southern end of the Mariposa vein that 500 m south of the Minto Mine.
The seven drill holes cover an area 150 m x100 m into the Minto Mine Structure and the deepest intersection is 100 m below surface in SD-17-76. In hole SD-17-73, the Minto Mine structure is overlain by networks of quartz veins, including some containing visible gold and were also observed at 18 m and 44 m.
The on-going drilling in the Minto Mine area is designed to infill the 1 km strike length of the Minto Mine Structure that separates the former Minto mine (23,000 ounces @ 12.56 g/t gold )3 from the form Parkhill mine (54,298 ounces @ 14.81 g/t gold)1.
Wawa Gold Project
The Wawa Gold property package consists of over 5,000 hectares and hosts several former mines with a combined historic production of 120,000 oz gold. To date, the largest gold deposit on the property is the Surluga deposit, which hosts a NI 43-101 Inferred Resource of 1,088,000 oz gold at an average grade of 1.71 g/t using a 0.5 g/t cut-off contained within 19.82 million tonnes2.
Exploration work by Red Pine during the past 12 months has involved the ongoing sampling of 42,000 metres of historic core that was never sampled by previous operators of the project (initiated in February 2016) and the completion in March 2017 of a 6,000-metre drill program (initiated in November 2016). This drill program is being currently followed by a new 10,000-metre drill program that was initiated in April 2017.
The goal of these sampling and drill programs is to fill-in gaps within the resource estimate with the expectation that it will lead to the definition of additional gold resources. The sampling and drill programs are expected to continue throughout 2017 and will be followed by an update to the NI 43-101 resource estimate.
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.