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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-8-2018: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Surluga deposit at the Wawa project. Resampled historic core assay results incl. 19.51m @ 6.72g/t Au from 0.91m. TORONTO, Aug. 08, 2018 -- Red Pine Exploration Inc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, Aug. 08, 2018 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") has received partial assay results for 135 holes from historic core from its Wawa Gold Project that the Company is sampling as part of its 2018 sampling program. The Company has received assay results for a total of 7,600 of the 11,000 metres of historic core logged this year and found >0.1 grams per tonne (“g/t”) of gold in 51% of the sampled hole. Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "Our sampling program continues to highlight the shortcomings of the current deposit model at Surluga as these historic holes were unsampled and therefore assigned a “0” gold value with the areas considered sterilized within the current resource model. Sterilizing an area removes any ability to extrapolate mineralization to that area within the model. These historic holes were drilled primarily underground within the geologic constraints of the existing deposit model. Since we are seeing gold values in 51% of the holes sampled to date, any value other than “0” assigned to these areas will have a positive impact on any future resource model.” Sampling of historic core Since December 2014, Red Pine's 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, as well as in the footwall and hanging wall of the Surluga Deposit. The spatial distribution of the historic boreholes with notable gold weighted average increases will positively change the current deposit model (Fig 1). On-going Drilling Program Red Pine’s 2018 diamond drill program is focussed on in-filling strategic areas of the Surluga Deposit where the sampling of historic holes is not possible, or in areas that were not drilled historically. The Company, assisted by Golder Associates, has devised a drilling program that is designed to maximize its impact on the Surluga Deposit | |
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