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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Wawa | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-1-2017: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Wawa deposit at the Wawa project. JV - resampling results incl. 56.92m @ 1.30g/t Au from un-sampled historic core. Toronto, Ontario –January 10, 2017 –- Red Pine | |
| Resources: | (Resources, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Toronto, Ontario –January 10, 2017 –- Red Pine Exploration Inc. (TSX-V:RPX) ("Red Pine" or the "Company") has received results for holes sampled as part of its sampling program of historic core at its Wawa Gold Project. The Company has also resumed drilling as part of its on-going exploration program. Red Pine's current sampling of 42,000 metres of historic drilling (from 318 underground and 119 surface drill holes) continues to define additional gold in many of the historic boreholes that intersected the Jubilee Shear Zone, but also in structures of the footwall and hanging wall of the Surluga Deposit inferred resource, which already contains 1.088 million ounces of gold1. From a thorough review of the historic drilling in the Surluga Deposit, the Company concluded that many sampling gaps exist in the gold structures of the Wawa Gold Corridor identified by the Company in the course of its exploration programs. The Company believes these sampling gaps negatively impacted the evaluation of the potential of the gold-bearing structures located outside and inside the inferred resource. The current results demonstrate that a broad zone of higher grade gold mineralization was left un-sampled in the Minto B Shear Zone (3.29 g/t gold over 10.09 metres in S247). These previously un-sampled intervals were assigned a value of 0 g/t gold and negatively impacted the inferred resource evaluation of the Surluga Deposit. The spatial distribution of the newly sampled historic boreholes with notable gold weighted average increases will positively change the current deposit model (Fig 1). | |
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