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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Minto Mine South Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2018: Red Pine Exploration Inc. announces a Resource Estimation report for its Minto Mine South Zone deposit at the Wawa project. Upgraded mineral resource estimate at the project. TORONTO, Nov. 15, 2018 -- Red Pine Exploration Inc. (TSX-V: RPX) ("R | |
| Resources: | (Resource): 105Kt @ 7.5g/t Au (Ind.), 354Kt @ 6.6g/t Au (Inf.) | |
| CP/QP: | [Resources]: Brian Thomas (Independent) | |
| ABSTRACT: | TORONTO, Nov. 15, 2018 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces its first mineral resource estimate for the Minto Mine South Project located near Wawa, Ontario (Figure 1). The Company has completed the estimate to assess the viability of a bulk sample and/or early mining scenario. The mineral resource estimate was prepared by Golder Associates Ltd. (Golder). Quentin Yarie, President and Chief Executive Officer of Red Pine states, "The initial resource for the Minto Mine South Project validates our assumptions that a shallow and high-grade gold deposit exists in that structure. We are confident in the quality of the resource as it was estimated using what we believe are reasonable parameters. We will use this information to validate the viability of a small scale operation on this high grade resource. We firmly believe in the potential of the Minto Project to grow with additional exploration. Our current drilling that supports the resource estimate covers approximately 15-20% of the footprint of the Minto Mine South structure extrapolated within a reasonable level of confidence. This suggests that our initial resource could represent the initial footprint of a larger gold resource in the Minto Mine South Project area. Additional potential is also present in multiple zones of the Minto Stockwork not included in the resource and in the recently discovered structure parallel to Minto Mine South that was mined in the 1930s in the Parkhill Mine.” Mineral Resource Estimate Golder Associates Ltd. (Golder) was retained to perform an estimation of the mineral resources for the Minto Mine South Project for Red Pine, in accordance with National Instrument 43-101 (NI 43-101). Golder’s mineral resource estimates were completed in an CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices” guidelines. The resource estimate was completed by Brian Thomas, P.Geo., an independent Qualified Person (QP), as defined in NI 43- 101. The resource estimate incorporated 26,275m of new diamond drilling, completed on the Minto Project between April 2017 and July 2018. A site visit was last conducted on June 28, 2018, in order to inspect site conditions, review geological data collection and QA/QC procedures, visit drill collar locations, and complete verification sampling of core. | |
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