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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Minto | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2018: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Minto deposit at the Wawa project. Drilling results incl. 3m @ 27.84g/t Au from 108.3m. Toronto, Ontario – February 7, 2018 – Red Pine Exploration Inc. (TSX-V: RPX | |
| Resources: | (Resource, Inf): 19.82Mt @ 1.71g/t Au for 1.088Moz contained at project | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Toronto, Ontario – February 7, 2018 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces results from three holes at its Wawa Gold Project. The drill holes were part of Red Pine’s 2017 drill program. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "The systematic discovery of high-grade veins in the surroundings of the Minto Mine South Zone, in addition to the Minto Vein itself, suggests the existence of widespread mineralization in the area. The Minto vein itself is producing consistent results to 225m vertical depth and from a 40m stepout down-dip of the last hole with known results.” Red Pine’s exploration drilling in the Minto Mine South Zone (“MMSZ”) supports the continuity of the MMSZ. The intersections of many quartz veins in the Minto Stockwork, some with high-grade gold, further support the presence of a widespread gold mineralization halo around the MMSZ in the Minto Stockwork. Hole SD-17-116, drilled in the northern extension of the Jubilee Shear Zone, did not contain any significant results. The Wawa Gold property package consists of over 5,500 hectares and hosts several former mines with a combined historic production of 120,000 oz gold1. 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. | |
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