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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Parkhill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-6-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Parkhill deposit at the Wawa project. JV with Citabar LLP - Drilling results incl. 1.51m @ 6.23g/t Au from 38.49m. Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pi | |
| Resources: | (Resource, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au (0.5g/t Au cut-off) at Surluga | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") has received final results for holes PH-17-67 and PH-17-69 to PH-17- 72, that were drilled in the vicinity of the former Parkhill Mine as part of the Company’s new 20,000 metres drilling program. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "We are pleased to have demonstrated the continuity of the Minto Mine Structure, 1km south of the historic Minto Mine near the Parkhill Mine. This continuity is now supported by both drilling and the historic mining records of the Parkhill Mine. We believe that the Minto Mine Structure that we intersected near the Parkhill Mine represents the outside halo of a high-grade quartz lens of the Minto Mine Structure that was mined at the Parkhill Mine.” Holes PH-17-70 and PH-17-71 also intersected gold mineralization between the stopes of the former Parkhill Mine Structure and indicates that more than one vein could exist in the Parkhill Mine Structure. Additional drilling may reveal near-surface high-grade pockets that were missed during the operation of the mine. 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 cutoff contained within 19.82 million tonnes | |
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