Red Pine Exploration Announces Staking of Additional Claims and Proposed Work Program for Québec Silica Property
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/16/14 -- Red Pine Exploration Inc. (TSX VENTURE: RPX) ("Red Pine" or the "Company") announces that it has staked an additional 32 claims totaling 1,872 hectares adjacent to the Kipawa Silica Property (the "Kipawa Property") located approximately 15 kilometers east of Temiscaming, Quebec. Based on the Company's due diligence and ongoing research, it was determined that the quartzite unit extends beyond the boundaries of the original Kipawa land acquisition and the new claims cover these extensions.
The Company will proceed with an exploration program on the Kipawa property that includes:
The geophysical work will consist of a ground magnetics survey to map the geology and lithology over the claim blocks. Since this work is more easily completed once the ground has frozen, we anticipate that the work program will begin early January 2015.
Kipawa Silica Project
The Kipawa Property consists of 68 claims totaling 4,012 hectares in the Gendreau, Campeau and Reclus townships of Quebec. The total land package in the area now consists of 98 claims totaling 5,884 hectares. The quartzite unit is part of the Kipawa Formation and covers an area over the claim blocks of approximately 1.9 square kilometres. The quartzite unit within the Kipawa Property has the potential to contain high silica content with minimal impurities, typically less than 1%. This purity of silica is considered a premium product as it can be used in the production of such items as semi-conductors, LCD displays and Silicone-Anode Lithium Batteries.
Qualified Person
Quentin Yarie, P.Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release and is responsible for overseeing all aspects of the company's exploration programs.
About Red Pine Exploration Inc.
Red Pine Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Contacts:
Red Pine Exploration Inc.
Quentin Yarie
President & COO
(416) 364-7024
Red Pine Exploration Inc.
Mia Boiridy
Investor Relations
(416) 364-7024
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Datum: 16.12.2014 - 11:00 Uhr
Sprache: Deutsch
News-ID 359620
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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