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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Surluga deposit at the Wawa project. JV with Citabar LLP - Drilling results incl. 3m @ 19.92g/t Au from 89.87m. Red Pine Exploration Inc. (TSX‐V: RPX) ("Red Pine" | |
| Resources: | (Resources, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au (0.5g/t Au cut-off) at project | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Red Pine Exploration Inc. (TSX‐V: RPX) ("Red Pine" or the "Company") has received the final results for holes SD‐17‐73 and SD‐17‐74, which were drilled as part of the new 20,000 metres drilling program in the southern extension of the historic Minto Mine. As announced on July 8, 2017, the Company expects to continuously release results throughout the summer from its backlog of drill results and geological data. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "We are quite impressed by the continuity of the quartz zone in the southern extension of the Minto Mine Structure. So far, the 13 holes drilled in the Structure intersected the same zone at its predicted location and visible gold was observed in every hole but one. We are excited by this discovery and are now moving forward to aggressively explore the Minto Mine Structure along an interpreted 2.2 km‐long strike length based on historic and recent drilling data.” The Wawa Gold property package consists of over 5,000 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. In March 2017, the Company completed a 6,000 metres of drilling and immediately initiated a new 10,000 metres drilling program. This was quickly expanded to 20,000 metres as a second drill was added to the campaign. The aggregate 20,000 metres drill program is designed to potentially expand the size of the existing inferred gold resource and connect other zones of gold mineralization (the Wawa Gold Corridor) recently discovered through drilling and other exploration techniques on the large Wawa Gold Project property. | |
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