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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2019: Red Pine Exploration Inc. announces a Resource Estimation report for its Surluga deposit at the Wawa project. Updated mineral resource estimate for the Surluga deposit. TORONTO, June 13, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine | |
| Resources: | (Resource): 1.202Mt @ 5.31g/t Au (Ind.) and 2.362Mt @ 5.22g/t Au (Inf.) | |
| CP/QP: | [Resources]: Brian Thomas (Golder Associates) | |
| ABSTRACT: | TORONTO, June 13, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces an updated Mineral Resource estimate conducted by Golder Associates Ltd. (“Golder”) for the Company’s Surluga Deposit at the Wawa Gold Project located near Wawa, Ontario. The new Mineral Resource estimate was evaluated for an underground mining scenario and is reported at a 2.7 g/t cut-off within a 2 g/t envelope, and now stands at 1,202,000 tonnes at 5.31 g/t for 205,000 ounces gold in the Indicated category and 2,362,000 tonnes at 5.22 g/t for 396,000 ounces gold in the Inferred category. The 2015 NI 43-101 Mineral Resource estimate for the Surluga Deposit was an Inferred resource of 19,820,000 tonnes at 1.71 g/t using a 0.40 g/t cut-off (Mineral Resource Statement, Surluga-Jubilee Gold Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada) Inc., May 26, 2015). This new underground resource represents a significant increase in grade, quality and continuity of the gold zones at Surluga and a shift from an open-pit development plan to a high-grade underground model. Golder’s new technical report will include both Mineral Resource estimates identified, to date, on the Wawa Gold Project – the updated Surluga Deposit noted above, and the previously reported NI 43-101 Minto Mine South Deposit (105,000 tonnes at 7.5 g/t gold in the Indicated category for 25,000 ounces of gold and 354,000 tonnes at 6.6 g/t gold in the Inferred category for 75,000 ounces of gold, Initial Technical Report for the Minto Mine South Property, Golder Associates Ltd., effective Nov. 7, 2018). The technical report will be filed on SEDAR within 45 days of this press release. | |
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