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Project: | Wawa | |
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Deposit: | Surluga | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 3/2/2018 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 2-3-2018: Red Pine Exploration Inc. announces a Resource Estimation report for its Surluga deposit at the Wawa project. Revised exploration targets for Wawa Gold Project . TORONTO, March 02, 2018 -- Red Pine Exploration Inc. (TSX-V:RPX) ("Red Pine" or the | |
Resources: | Exploration target: 3 - 5Mt @ 4.9 - 6.5g/t Au at Surluga | |
CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
ABSTRACT: | TORONTO, March 02, 2018 -- Red Pine Exploration Inc. (TSX-V:RPX) ("Red Pine" or the "Company") is beginning a strategic optimization of the gold assets of the Wawa Gold Project to accelerate the project development plan. The discovery of the Minto Mine South Zone and the re-evaluation of the high-grade zones of the Surluga Deposit suggest that multiple high-grade gold deposits could be delineated on the property. To further quantify this potential, Red Pine has completed an estimation of three exploration targets focussed on the higher-grade assets of the property. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "The Exploration Targets will focus exploration on the of multiple high-grade assets on the Wawa Gold Project. The company is now working into converting the Exploration Targets into Mineral Resources and expanding our exploration into the un-explored areas of the Surluga Deposit and Minto Mine South Zone.” The Surluga Exploration Target is evaluated for the area where an inferred resource was estimated in 2015 based on an open pit scenario. However, following a strategic review of the geological attributes of the Surluga Deposit, and considering the sunk development costs of the historic Jubilee and Surluga Mines, the company is now evaluating a possible underground development scenario for the Surluga Deposit. | |
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