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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Surluga deposit at the Wawa project. JV - Drilling results incl. 90.8m @ 0.78g/t Au from 86.7m. Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company | |
| Resources: | (Resources, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au (0.4g/t Au cut-off) | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") has received results for hole SD-16-40 drilled as part of its ongoing drilling program at the Wawa Gold Project. Quentin Yarie, President and Chief Executive Officer of Red Pine states, "SD-16-40 validates our exploration model and confirms that the Wawa Gold Corridor is made up of multiple stacked gold zones. We intersected 6 zones of gold mineralization within 300 metres of the inferred resource boundary which further proves the untapped potential of the under-explored Wawa Gold Corridor.” The on-going diamond drill program is focused on expanding the Surluga Deposit to the north. The Jubilee Shear Zone hosts the Surluga Deposit - the currently defined 1,088,000 ounces inferred resource. The intersection of six individual zones of gold mineralization in SD-16-40 strongly supports this hypothesis and indicates that much of the gold remains to be found in the footwall of the inferred resource. The intersected gold zones include from top to bottom: the Algoma Shear Zone, the Jubilee Shear Zone (current host of the inferred resource), the Surluga Road Shear Zone, the William Gold Zone, a newly discovered gold zone, and the Hornblende Shear Zone. SD-16- 40 also confirms that the gold mineralization identified in the Hornblende Shear and the William Gold Zone during the Fall 2015 drilling program are respectively mineralized between surface and 300 metres below surface for the Hornblende Shear Zone, and between surface and 150 metres below surface for the William Gold Zone. Holes SD-17-48 and SD-17-49 targeted the northeastern edge of the inferred resource whereas SD-17-50 is targeting the shallower extension of the Wawa Gold Corridor up-section of SD-16-40. | |
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