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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2019: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Jubilee deposit at the Wawa project. Drilling results incl. 12.7m @ 10.6g/t Au from 180.7m. TORONTO, March 04, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, March 04, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces new results from its delineation drilling of the Surluga Deposit (“Surluga” or the “Deposit”). The Surluga Deposit1 is one of two (2) known resources, identified to date, on the large 6,519 hectares Wawa Gold Property, located near Wawa, Ontario. These latest results will be included a revised NI 43-101 resource estimate for the Deposit expected in Q2 2019. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "Our in-fill drilling program in the Surluga Deposit continues to discover zones of high-grade mineralization inside and outside of the current footprint of the inferred resource. The holes reported here were planned to close gaps identified in the process of updating the current Surluga Deposit. Most of the tested gaps are adjacent to the existing underground infrastructure of the Surluga and Jubilee Mines.” Red Pine’s work to improve its understanding of the geological factors that control higher-grade gold mineralization in the Surluga Deposit, has enabled the Company to identify zones where significant gold mineralization can be expected. Holes SD18-251, 252 and 254 intersected a shallow zone of high-grade mineralization at the southern end of the Surluga Deposit. Hole SD-18-255 discovered the deeper extension of this same zone of high-grade mineralization. Additional drilling will be necessary to define the zone’s size and possible extension. Infill and confirmation drilling in the Jubilee Shear Zone Red Pine’s 2018 diamond drill program, from July to early January 2019, targeted strategic areas in the Surluga Deposit where geological modelling suggested that high-grade mineralization would be discovered. Drilling results to date support the potential for the Surluga Deposit to host a higher-grade gold resource, accessible using the existing underground developments of the Surluga Mine. Recent drilling is also confirming that additional gold zones exist below the Jubilee Shear Zone (host of the Surluga Deposit) and that higher-grade mineralization can be found in those gold zones. Assay results for another 20 infill drill holes completed in the Surluga Deposit are still pending. The Company remains on track to deliver an updated resource estimation for the Surluga Deposit in Q2 2019. | |
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