17:17:20 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Red Pine Exploration Inc (3)
Symbol RPX
Shares Issued 136,862,319
Close 2023-09-20 C$ 0.145
Market Cap C$ 19,845,036
Recent Sedar Documents

Red Pine drills 78.9 m of 1.94 g/t Au at Wawa

2023-09-21 10:21 ET - News Release

Mr. Quentin Yarie reports

RED PINE EXTENDS SIGNIFICANT MINERALIZATION WEST OF THE JUBILEE SHEAR –- DRILLS 5.10 G/T GOLD OVER 19.76 METRES WITHIN 1.94 G/T GOLD OVER 78.9 METRES

Red Pine Exploration Inc. has released new drilling results from its continuing exploration program. The new results extend gold mineralization of significance in the footwall of the Jubilee shear as a direct follow-up on hole SD-23-430, which intersected 1.33 grams per tonne gold over 100.99 metres.

Testing of the Wawa gold corridor west of the Jubilee shear:

  • The company drilled 5.10 g/t gold over 19.76 metres within 1.94 g/t gold over 78.9 metres in the Core Shack vein network in SD-23-446.
  • Close-to-surface, high-grade gold mineralization intersected in both SD-23-430 and SD-23-446 is associated with the Core Shack vein network.
  • The Core Shack vein network comprises multidirectional and extensional quartz-tourmaline veins emplaced in the intrusive rocks of the Jubilee stock.
  • The veins postdate the intense event of tectonic deformation associated with the formation of the Jubilee shear.

Quentin Yarie, president and chief executive officer of Red Pine Exploration, commented: "The footprint of a new resource contained within a shallow optimized open pit and encompassing our existing resource continues to take shape. Long intersections of gold in the hanging[wall] and footwall will substantially affect a strip ratio in a positive direction. We currently have two drills on the property producing over 4,000 m of core per month, which is exceeding our planned drill production. We currently have over 2,600 assays pending."

Assay results are presented over core length. True width for the different veins intersected in both vein networks is estimated to vary between 35 per cent to 95 per cent, depending on the angle of the intersected vein. The larger envelope of the vein network is discordant to the angle of the individual veins forming the networks.

Quality assurance/quality control measures

Drill core samples were transported in security bags for analyses to Actlabs in Ancaster, Ont. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality assurance/quality control program to comply with best practices in the sampling and analysis of drill core. As part of its quality assurance/quality control program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples, in addition to random standards, blanks and duplicates.

Qualified person

Quentin Yarie, PGeo, chief executive officer of Red Pine, the qualified person as defined by National Instrument 43-101, has reviewed and approved this news release's technical information.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold exploration company headquartered in Toronto, Ont., Canada.

The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the past five years. Its land package hosts numerous historical gold mines and is over 6,900 hectares in size. Led by Quentin Yarie, chief executive officer, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.