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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Surluga, Jubilee Shear | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Surluga, Jubilee Shear deposit at the Wawa project. Drilling results incl. 26.25m @ 1.61g/t Au from 24.57m. Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or t | |
| 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 from composite grab1 samples collected during its field mapping program as well as for holes SD-16-41 to SD-16-43 and part of SD-16-44 from its on-going drilling program at the Wawa Gold Project. Quentin Yarie, President and Chief Executive Officer of Red Pine states, "We are quite excited to see that the gold content of the Jubilee Shear Zone in hole SD-16-43, located 525 metres north of the inferred resource boundary, is comparable to the gold content of the shear zone in the inferred resource. This supports our exploration model that the inferred resource extends near surface to the north. In addition, the discovery of additional highgrade quartz veins and a gold-bearing shear zone near the Darwin-Grace Mine indicate that gold mineralization extends beyond the immediate area of the mine and warrants additional exploration.” The on-going diamond drill program is focused on expanding the Surluga Deposit to the north. Hole SD-17-51 targeted the Wawa Gold Corridor 200 metres north of SD-16-40. Visible gold3 was observed in the Jubilee Shear Zone in both SD-17-50 and SD-17-51 in the shallow extension of the structure generally not-included in the inferred resource because of the absence of historic holes. | |
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