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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Horneblende Shear Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-6-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Horneblende Shear Zone deposit at the Wawa project. JV with Citabar LLP - Re-assay of old drill hole incl. 8.5m @ 5.67g/t Au from 347.5m. Toronto, Ontario – June | |
| Resources: | (Resource, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au at Surluga | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Toronto, Ontario – June 29, 2017 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") has received updated results from hole HS-15-31, which was drilled in the Hornblende Shear Zone, at its Wawa Gold Project, during the Fall of 2015. The Hornblende Shear Zone is a parallel shear zone to the Surluga Deposit (inferred resource of 1,088,000 ounces @ 1.71 g/t gold1) of similar strike and alteration. These results support the Company’s belief that the Hornblende Shear Zone will host high-grade gold zones not unlike the Surluga Deposit. Red Pine’s on-going 20,000-metre drill program is focussed on three of Red Pine’s four key discoveries with two drills operating non-stop on the property. The first drill is currently targeting the Surluga North discovery, where Red Pine’s hole SD-16-45 intersected 14.66 g/t gold over 15.23 metres (the Surluga North high-grade zone). Red Pine has completed 7 holes in the Surluga North discovery and plans for additional drilling in this area will be based on results of the forthcoming Golder Associates’ Report on Exploration Potential. The Company anticipates it will receive initial results for the 7 completed holes in the coming weeks. The second drill is targeting the Minto Mine South Zone discovery where hole SD-17-73 intersected 19.92 g/t gold over 3 metres. Red Pine has completed 20 holes in the area, with assay results pending for 14, of which 8 contained visible gold. The Company anticipates it will receive these assay results shortly. | |
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