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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Surluga deposit at the Wawa project. JV - Resampling results incl. 59.3m @ 1.51g/t Au from un-sampled historic core. Toronto, Ontario –January 19, 2017 –- Red Pin | |
| Resources: | (Resources, Inf.): 19.284Mt @ 1.71g/t Au containing 1.088Moz Au (0.5g/t Au cut-off) | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Toronto, Ontario –January 19, 2017 –- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") has received results for holes sampled as part of its on-going sampling program of historic core at its Wawa Gold Project. The Company is also currently drilling as part of its on-going exploration program in the northern extension of the Surluga Deposit. Quentin Yarie, President and Chief Executive Officer of Red Pine states, "55% of the sampled historic holes have returned additional gold, including material containing up to 4.96 g/t gold over 1.52 metre. This provides additional evidence that higher grade material was left un-sampled in the historic holes by the previous operators. Also, the intersection of two zones of thickening of the Jubilee Shear Zone, in the northern extension of the Surluga Deposit, tells us that the gold-bearing structure may retain its thickness to the north and that it could host broad zones of gold mineralization”. Red Pine's current sampling of 42,000 metres of historic drilling (from 318 underground and 119 surface drill holes) continues to add gold in many of the sampled historic boreholes in the Jubilee Shear Zone, and in structures of the footwall and hanging wall of the Surluga Deposit inferred resource, which already contains 1.088 million ounces1. The spatial distribution of the historic boreholes with notable gold metal factor increases will positively change the current deposit model. | |
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