Red Pine Exploration Discovers 22.8 g/t Gold over 1.74 Metres (True Width) in Historic Core
Toronto, Ontario –September 13, 2018 – Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) has received results for historic holes sampled as part of its 2018 Historic Core Sampling Program at its Wawa Gold Project, located in Wawa, Ontario. To date this year, the Company has logged and sampled over 13,200 metres of historic core that was drilled by previous operators. Assay results from 10,400 metres of this historic core indicate that significant amounts of gold are present in 41 holes that were previously considered barren (Table 1).
- 22.8 g/t gold over 1.74 metres (calculated true thickness) in the Surluga Deposit in S287;
- 14.5 g/t gold over 0.6 metres (core length) in a new zone above the Surluga Deposit in S280.
Quentin Yarie, President and Chief Executive Officer of Red Pine stated, “Our sampling program continues to prove that many previously unsampled zones not only contain gold, but are substantially mineralized with grades up to 22.8 g/t gold over 1.74 metres. These zones were given a value of “0” in the last resource calculation. The discovery of additional gold in the unsampled historic core will improve the continuity of the gold zones in the Surluga Deposit by removing some of the artificial boundaries that were previously put in place. In this regard, any value of gold other than “0” will have a positive impact on the future resource model.”
Sampling of historic core
Red Pine’s sampling of 42,000 metres of historic core (from 318 underground and 119 surface drill holes), initiated in December 2014, continues to add gold in the Jubilee Shear Zone, as well as in the footwall and hanging wall of the Surluga Deposit1. The spatial distribution of the historic boreholes with notable gold weighted average increases is expected to positively change the current deposit model (Fig 1).
On-going Drilling Program
Red Pine’s 2018 diamond drill program is focused on in-fill drilling the strategic areas of the Surluga Deposit where no historic holes were available for sampling, or in areas that were not drilled historically. The program, developed in collaboration with Golder Associates, is designed to maximize its impact on the Surluga Deposit and future resource calculation.
Table 1 – Highlights of the Historic Core Sampling Program