Red Pine Drills 48.66 Metres of 4.41 g/t Gold Including 16.60 Metres of 11.13 g/t Gold and Begins Airborne Geophysical Survey at the Wawa Gold Project
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/12/15 -- Red Pine Exploration Inc. (TSX VENTURE: RPX) (the "Company" or "Red Pine") drilled six exploration holes on the Surluga Gold Deposit in December 2014. Results from Hole SD-14-04, which now completes all assay results from that drilling campaign, are summarized below:
In addition to the Main North - North East trending gold-bearing Jubilee shear zone, Red Pine's December 2014 exploration program identified a series of East and North-East ("ENE")-oriented shear zones that are dipping to the South in the Surluga deposit. These sets of ENE shear zones are parallel to the gold bearing shear zones hosting historical gold mineralization in the Parkhill and Darwin historical mines, located further to the south. The average gold grades reportedly(i) mined from the Parkhill and Darwin mines are 14.81 grams per tonne ("g/t") and 13.27 g/t respectively.
Down-hole structural measurements taken in hole SD-14-04 seem to indicate that the gold mineralization zone intersected in this hole is influenced by these ENE-oriented shear zones.
(i) disclosed in the NI 43-101 technical report titled "Amended Technical Review and Mineral Resource Estimate for the Jubilee-Surluga Property, near Wawa, Ontario, Canada for Augustine Ventures Inc." dated October 12, 2012 and prepared by Clifford J. Duke, P. Eng., Senior Associate Geological Engineer of Watts, Griffis and McOuat, Consulting Geologists and Engineers. The report is available on under Augustine's profile.
Diamond Drill Hole Locations ()
Hole SD-14-04 ()
An influx of gold-bearing solutions from the ENE-oriented shear zones have likely contributed to the marked increase in the thickness and the grade observed in this area of the Surluga deposit. Red Pine will look to expand this zone during the current drill program by drilling a 50 metre offset hole to the ENE of Hole SD -14-04.
Red Pine Commences Airborne Geophysical Survey as Drilling Progresses
Red Pine has retained Scott Hogg and Associates in conjunction with Tundra Airborne Surveys Ltd. to conduct and evaluate the results of an airborne survey over the Wawa Gold Project claim area. They will be using a helicopter towed, 3 axis magnetic gradiometer system for this survey.
Quentin Yarie, President and COO of Red Pine, commented, "Based on existing magnetic data and our ground magnetic survey conducted in December 2014 it appears the gold bearing shear zones have a diagnostic magnetic signature. The survey data will be used to better map the known areas of mineralization as well as help identify potential new mineralization zones as intersected in Hole SD-14-04."
Wawa Gold Project Highlights
On-site Quality Assurance/Quality Control ("QA/QC") Measures
Drill core samples are transported in security-sealed bags for analyses at Activation Laboratories Ltd. in Ancaster, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. The remaining coarse reject portions of the samples remain in storage at the Activation Laboratories Ltd. in Ancaster, Ontario as required in the event that further work or verification is needed.
Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC 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, 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".
For more information about the Company visit .
The Mineral Resource is disclosed in the NI 43-101 technical report titled "Amended Technical Review and Mineral Resource Estimate for the Jubilee-Surluga Property, near Wawa, Ontario, Canada for Augustine Ventures Inc." dated October 12, 2012 and prepared by Clifford J. Duke, P. Eng., Senior Associate Geological Engineer of Watts, Griffis and McOuat, Consulting Geologists and Engineers. The report is available on under Augustine's profile.
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: 12.02.2015 - 11:00 Uhr
Sprache: Deutsch
News-ID 371122
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