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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Wawa | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-6-2019: Red Pine Exploration Inc. announces a Resource Estimation report for its Wawa deposit at the Wawa project. Summary of six Exploration Targets identified at project. TORONTO, June 21, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or | |
| Resources: | ||
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, June 21, 2019 -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announced last week a Mineral Resource estimate conducted by Golder Associates Ltd. (“Golder”) for the Company’s Surluga Deposit at the Wawa Gold Project located near Wawa, Ontario. The Mineral Resource estimate was evaluated for an underground mining scenario, considering the requirement for reasonable prospects of eventual economic extraction, and is reported at a 2.7 g/t cut-off within a 2 g/t envelope, and now stands at 1,202,000 tonnes at 5.31 g/t for 205,000 ounces gold in the Indicated category and 2,362,000 tonnes at 5.22 g/t for 396,000 ounces gold in the Inferred category. Mechanized stripping is currently underway on the Cooper Shear System, Grace Deformation Zone and the southern extension of the Jubilee Shear Zone. Diamond drilling will begin mid-July to test priority targets in the Cooper Shear System and prove the continuation of Surluga Deposit to depth (>350 metres). Drilling is expected to continue until the end of 2019. Quentin Yarie, Red Pine’s President and CEO commented, “We were successful in upgrading the Surluga Deposit, considering the requirement for reasonable prospects of eventual economic extraction, from a pit constrained model to an underground resource model that is accessible utilizing the existing underground mining infrastructure. Our strategy moving forward will be to continue to define shallow, high-grade deposits, on the property and prove the extension of the Surluga and Minto Mine South deposits beyond the relatively shallow footprints of the current mineral resources.” | |
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