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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-1-2018: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Surluga deposit at the Wawa project. Drilling results incl. 10.3m @ 3.46g/t Au from 175.1m. TORONTO, Jan. 03, 2018 -- Red Pine Exploration Inc. (TSX-V:RPX) ("Red P | |
| Resources: | (Resource, Inf): 19.82Mt @ 1.71g/t Au for 1.088Moz contained at project | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, Jan. 03, 2018 -- Red Pine Exploration Inc. (TSX-V:RPX) ("Red Pine" or the "Company") announces results from two drill holes completed as part of the 20,000 m drilling program completed earlier this fall in the Jubilee Shear Zone. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "We are actively exploring to expand the existing Surluga Deposit beyond the current inferred resource to the north, south and into the hangingwall. Our drilling efforts indicate that multiple networks of high-grade gold-bearing quartz veins exist in the hangingwall. The Company will continue to define these discoveries so that they can be included in a forthcoming revised 43-101 resource estimate.” Wawa Gold Project Background The Wawa Gold property package consists of over 5,500 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 . Since December 2014, Red Pine's exploration work has involved the ongoing sampling of 42,000 m of historic core that was never sampled by previous operators of the project, and aggressive drilling campaigns. To date, the Company has completed over 31,000 m of drilling and made four discoveries along the extension of the Surluga Deposit: the Surluga North Zone; the Hornblende-William Zone; the Minto Mine South Zone and; the Grace-Darwin Zone. These are part of the Wawa Gold Corridor, a gold-mineralization zone that extends for more than 5 km. | |
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