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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Minto Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-8-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Minto Mine deposit at the Wawa project. JV with Citabar LLP - Drilling results incl. 2m @ 24.9g/t Au from 152.31m. Toronto, Ontario – August 8, 2017 – Red Pine Exp | |
| 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 – August 8, 2017 – Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces new results from three drill holes completed as part of its 20,000m drilling program at the Wawa Gold Project. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "The Minto Mine South Zone continues to produce high-grade gold intersections and remains open both along strike and at depth. The structure also remains predictable and enables us to efficiently follow its lateral and down-dip extension.” The Wawa Gold property package consists of over 5,500 hectares and hosts several former mines with a combined historic production of 120,000oz 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. Exploration work by Red Pine during the past 18 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 was immediately followed by a new 20,000-metre drill program as announced on May 17, 2017. Red Pine has discovered many new zones of gold mineralization (Darwin-Grace, Minto Mine South Zone, Surluga North, Hornblende-William) that are anticipated to have a positive impact on the property’s gold inventory. All the mineralized zones are interpreted to form a coherent structural system hosted and spatially connected by the Wawa Gold Corridor. | |
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