Red Pine Exploration Extends High Grade Mineralization at Surluga, Drills 38.95 Metres of 2.36 g/t Gold Including 8.97 Metres of 5.11 g/t Gold
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/05/15 -- Red Pine Exploration Inc. (TSX VENTURE: RPX) (the "Company" or "Red Pine") has received results for holes SD-15-23 through SD-15-26. No further assays are pending. Hole SD-15-23 completes the required infill-drilling whereas holes SD-15-24 to SD-15-26 represent target gold zones outside the Surluga deposit.
Hole SD-15-26 represents a 50 metre ("m") easterly step-out extension to the high-grade gold zone intersected in hole SD-14-04 (48.66m of 4.41 grams/ tonne ("g/t") including 16.6m of 11.13 g/t- see Red Pine's news release dated February 12, 2015) and indicates that this high grade zone remains open at both depth and along strike.
Significant intervals and composite assay results from hole SD-15-26 are summarized below:
Intervals greater than 10 grams per tonne ("g/t") gold
Composites greater than 5 g/t gold
Quentin Yare, Red Pine's President and COO, added, "These results continue to validate our hypothesis that high-grade shoots of gold mineralization are more prevalent than previously identified at Surluga. High gold grades over substantial lengths such as those reported in hole SD-14-04 and SD-15-26, present new opportunities, and we will look to focus on these high-grade zones as we continue to advance this project."
Significant intervals and composite assay results for every hole are summarized below:
Intervals greater than 0.8 g/t gold
Shallow intervals greater than 0.5 g/t gold
Down-dip extension of the northern Surluga deposit
Hole SD-15-25 indicates a zone of gold mineralisation in the Jubilee shear zone and the potential for stacked gold zones in the shear. The shallower gold zone intersected in hole SD-15-25 defines a down-dip extension of the main gold zone in the northern Surluga deposit. The deeper gold zone intersected in hole SD-15-25 is interpreted to define the apex of a new zone of gold mineralisation that is open down-dip and along strike.
Gold mineralization in the footwall of the Surluga deposit
Hole SD-15-24 demonstrates that in addition to gold-bearing quartz tension veins, the footwall of the Surluga deposit also hosts gold bearing shear zones. This footwall mineralisation is located between the Jubilee shear zone, hosting the Surluga deposit, and the Hornblende shear zone. The Hornblende shear zone is located 300m west of the Jubilee shear zone. Historical drilling suggests that the Hornblende shear zone is a gold-bearing structure in which the gold zones have a potential thickness similar to the gold zones in the Jubilee shear zone.
Footwall drill intersections
Gold mineralization in the hanging-wall of the Surluga deposit
Hole SD-15-26 adds another 250m of strike length to the potential gold mineralisation in the Minto B shear zone. Gold mineralisation zones with a thickness ranging from 3m to 27m have now been intersected in three holes covering a 500m strike length of the Minto B shear zone. This demonstrates the continuity and width of this gold play located in the hanging-wall of the Surluga deposit.
Hanging-wall drill intersections
New insights on the other gold mines of the property (see also Figure 1)
The largest historical mines (e.g. Parkhill, Darwin) are generally formed by two distinctive sets of veins. One set is typically formed by arrays of quartz tension veins with a north-west to north-north-west orientation, and the other set is comprised of shear hosted quartz veins with an east-north-east to north-east orientation. In all of the historical mines, the tensional and shear vein sets have the same orientation, indicating that they were most likely formed during the same gold mineralization event that extends over at least a 5.5km wide area.
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 for shipping. 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.
Wawa Gold Project Highlights
Qualified Person
Quentin Yarie, PGeo. 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 .
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.
To view Figure 1, click on the following link:
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: 05.05.2015 - 10:00 Uhr
Sprache: Deutsch
News-ID 390767
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Mining & Metals
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