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Red Pine Exploration Inc.
Summary
| Project: | Wawa | |
|---|---|---|
| Deposit: | Wawa | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2016: Red Pine Exploration Inc. announces an Exploration/Drilling Update report for its Wawa deposit at the Wawa project. JV - resampling results incl. 56.39m @ 2.68g/t Au from historic core. Toronto, Ontario – November 22, 2016 –- Red Pine Explorat | |
| Resources: | (Resources, Inf.): 19.82Mt @ 1.71g/t Au containing 1.088Moz Au | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | Toronto, Ontario – November 22, 2016 –- Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company") has received results for 33 holes sampled as part of its sampling program of historic core at its Wawa Gold Project. Following its 2015 exploration programs, Red Pine observed that many of the intersections in the historic boreholes of the Jubilee Shear Zone, which currently hosts a 1.088 million ounces inferred resource in the Surluga Deposit1, were not entirely sampled. The Company concluded that these sampling gaps were negatively impacting the inferred resource, considering that all these un-sampled intervals were assigned a value of 0 g/t gold in the last resource statement. Red Pine’s current sampling of 42,000 metres of historic drilling (from 318 underground and 119 surface drill holes) is demonstrating that gold remains to be found in many of the un-sampled intersections of the Jubilee Shear Zone (see also October 4, 2016 news release). The spatial distribution of the historic boreholes with notable metal factor increase also indicates that the Surluga Deposit is impacted by those sampling gaps (Fig 1). The program is progressively filling in the sampling gaps in the gold-bearing shear zones of the Wawa Gold Corridor and increasing the property’s gold inventory. | |
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