Precious Metals

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new and significant results from its 2022 Phase 1 exploration program (Figure 1).

  • Surluga South (Figures 1 and 2) – SD-21-312A confirms additional gold (Au) mineralization at depth with 8 g/t Au over 11.38 m between 640.69 and 652.07 m, including three high grade intersections of 57.99 g/t Au, 15.92 g/t Au and 9.33 g/t Au. Refer to Table 1.
  • Surluga North (Figures 1 and 3)– SD-22-321 expands gold mineralization beneath the current resource at the northern extension of the Surluga deposit with 8.46 g/t Au over 6.42 m between 219.79 and 226.21 m.  SD-22-326 intersected 11.19 g/t Au over 2.61 m. Refer to Table 2.

The exploration results continue to support the expansion of the current resources of the Wawa Gold Project along strike, dip and plunge.  Zones can achieve a notable grade and thickness of high-grade gold mineralization existing outside of the defined resources of the Surluga deposit. The current 2022 Phase 1 program has been advancing at an efficient pace with 14,864 m of drilling achieved year-to-date.

" The results from our 2022 drilling program continues to demonstrate the untapped potential of the Wawa Gold Project, having intersected notable mineralized regions in various exploration targets. As we carry on with the Phase 1 drill program at an efficient pace, the Jubilee Shear Zone which hosts the Surluga resource continues to produce impressive results which validates the continuation of the exploration drill program. " – Quentin Yarie, President and CEO of Red Pine Exploration.

Figure 1 – Surluga Resource
https://www.globenewswire.com/NewsRoom/AttachmentNg/ee0d7397-6a2d-4d16-a722-650e465a6afb

Surluga South – Extension of High-Grade Mineralization

Of significance is an intersection of strong quartz veining in the Surluga South extension down dip of the existing resource in SD-21-312A, encompassing three high-grade gold intersects: 9.33 g/t Au over 0.79 m, 57.99 g/t Au over 0.92 m and 15.92 g/t Au over 0.86 m (all lengths presented in true width (TW)).

Table 1 – Intersection in the Jubilee Shear Zone in the Surluga South area*

Hole From (m) To (m) Length (m) Est. True width Visible Gold Gold (g/t) Zone
SD-21-312A 640.69 652.07 11.38 10.35 8.00 Jubilee Shear Zone
Including
640.69 641.56 0.87 0.79 9.33
645.61 646.62 1.01 0.92 57.99
647.56 648.55 0.99 0.86 15.92
652.07 669.43 17.36 15.80 0.63
SD-21-313 786.31 787.30 0.99 0.73 3.81

Surluga North – Confirmation of Down Dip Gold Mineralization

At Surluga North, quartz veining with visible gold continues to expand high-grade gold mineralization down dip and along strike of the Surluga resource with 40.07 g/t Au over 1.18 m within 8.46 g/t Au over 6.42 m located above the Jubilee Shear Zone in hole SD-22-326. Intersections in holes SD-22-337 and SD-22-352 of the same system as the one intersected in SD-22-326 and SD-22-321, also contains visible gold (assays pending).

Table 2 – Surluga North Quartz Vein Network and Jubilee Shear Zone*

Hole From (m) To (m) Length (m)* Est. True width Visible Gold Gold (g/t) Zone
SD-22-321 219.79 226.21 6.42 Yes 8.46 Surluga North - Quartz vein network (released March 30, 2022)
Including
225.03 226.21 1.18 Yes 40.07
281.33 287.27 5.94 5.23 Yes 0.78 Jubilee Shear Zone
SD-22-326 243.49 246.10 2.61 Yes 11.19 Surluga North - Quartz vein network
Including
245.27 245.68 0.41 Yes 69.30

*True Core width is estimated at 70-80% of core length.

Discussion

South – Down Plunge Continuity and Expansion Potential

In the Surluga South discovery, hole SD-21-312A, located 53 m south of the intersection of 3.08 g/t Au over 55.66 m true width (TW) in SD-21-302 (see news release dated November 8 th , 2021), extends to the south the high-grade core of the Surluga South discovery. Hole SD-21-312A a zone of strong quartz veining in the Jubilee Shear Zone that contains 8.00 g/t Au over 10.35 m (TW) including 57.99 g/t Au over 0.92 m (TW). The Company is continuing to explore these thick high-grade intersections with plans for future infill exploration to tie these to the existing resource.

Figure 2 – Surluga South
https://www.globenewswire.com/NewsRoom/AttachmentNg/5bb9f963-8c93-4723-9ef2-f27586b94877

North – Quartz Vein Network

Following the intersection of 8.46 g/t Au over 6.42 m in the Surluga North Quartz Vein Network (news release dated March 30 th , 2022), extending the positive exploration results in this vein system. In a 50 m NW step out hole SD-22-326 intersected the vein system in SD-22-321 with 11.19 g/t Au over 2.61 m including 69.3 g/t Au over 0.41 m.

Mineralization in the Surluga North Quartz Vein Network consists of networks of quartz-tourmaline veins emplaced in a specific intrusive phase of the Jubilee Stock. The vein system has been observed with variable intensity in all the 2022 drill holes completed in the Surluga North area, and visible gold was observed in quartz veins of the network in holes SD-22-337 and SD-22-352.

Figure 3 - Surluga North
https://www.globenewswire.com/NewsRoom/AttachmentNg/f6420c02-5b2b-4ad8-b45a-0a3d10991125

Update on Exploration Drilling – Jubilee Shear Zone South of the Parkhill Fault (Figure 3)

Red Pine is also currently testing the under-explored extension of the Jubilee Shear Zone south of the Parkhill Fault near the Darwin-Grace historical mine. In the two completed (JS-22-356 and JS-22-358), Red Pine intersected the Jubilee Shear Zone demonstrating the potential for a significant strike extension (>2km). In both holes, the upper part of the Jubilee Shear Zone contains positive visual indicators of mineralization that include strong quartz veining associated with sulfide mineralization (assays pending).

Figure 4 – Darwin-Grace and Jubilee-South Shear
https://www.globenewswire.com/NewsRoom/AttachmentNg/9b00e3e0-0aa0-4879-9ba7-0c7975ca494d

Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then 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-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. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release's technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees' and contractors' safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol "RDEXF".

The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, 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.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.

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. 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.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

RPX:CA
Red Pine Exploration

Red Pine Exploration


Keep reading...Show less
Shallow High-Grade Gold Discovery in the Extension of the Sadowski Zone: 52.12 g/t Gold over 2.29 metres

Shallow High-Grade Gold Discovery in the Extension of the Sadowski Zone: 52.12 g/t Gold over 2.29 metres

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new results from its 2022 Phase 1 exploration program. The exploration results continue to support the expansion of current resources and the potential for additional centres of mineralization within the Wawa Gold Project.

HIGHLIGHTS

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
The Power Play by The Market Herald Releases Interviews With Hank Payments, Red Pine Exploration, Affinor Growers, Nextech AR, Star Navigation, and Psyence

The Power Play by The Market Herald Releases Interviews With Hank Payments, Red Pine Exploration, Affinor Growers, Nextech AR, Star Navigation, and Psyence

The Power Play by The Market Herald has announced the release of new interviews with Hank Payments, Red Pine Exploration, Affinor Growers, Nextech AR, Star Navigation, and Psyence on their latest news

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Red Pine Drilling Update: High-Grade Intersect in the Southern Extension of the Surluga Deposit of 8 g/t Au over 11.38 m and Multiple High-Grade Intersects in the North

Red Pine Drilling Update: High-Grade Intersect in the Southern Extension of the Surluga Deposit of 8 g/t Au over 11.38 m and Multiple High-Grade Intersects in the North

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new and significant results from its 2022 Phase 1 exploration program (Figure 1).

  • Surluga South (Figures 1 and 2) – SD-21-312A confirms additional gold (Au) mineralization at depth with 8 g/t Au over 11.38 m between 640.69 and 652.07 m, including three high grade intersections of 57.99 g/t Au, 15.92 g/t Au and 9.33 g/t Au. Refer to Table 1.
  • Surluga North (Figures 1 and 3)– SD-22-321 expands gold mineralization beneath the current resource at the northern extension of the Surluga deposit with 8.46 g/t Au over 6.42 m between 219.79 and 226.21 m.  SD-22-326 intersected 11.19 g/t Au over 2.61 m. Refer to Table 2.

The exploration results continue to support the expansion of the current resources of the Wawa Gold Project along strike, dip and plunge.  Zones can achieve a notable grade and thickness of high-grade gold mineralization existing outside of the defined resources of the Surluga deposit. The current 2022 Phase 1 program has been advancing at an efficient pace with 14,864 m of drilling achieved year-to-date.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Red Pine Launches Virtual Tour of the Wawa Gold Project

Red Pine Launches Virtual Tour of the Wawa Gold Project

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce the launch of its Virtual Site Tour utilizing the VRIFY Technology Inc. ("VRIFY") platform, leveraged to showcase the Wawa Gold Project. The VRIFY platform has been designed to assist investors in better understanding the scope of Red Pine's 100% owned Wawa Gold Project, and to provide the visual aids and updates in the form of valuable new data flow out of the current drilling program and integrated into the platform. With the progress of the drilling program, the VRIFY platform will be able to grasp these successes and demonstrate any material project advancement and value creation for the Company's stakeholders.

The 3D renderings and satellite imagery amalgamated into the VRIFY platform provides enhanced content to the Red Pine website, and via the VRIFY proprietary platform, a data rich showcase of the project's historical drilling and recent developments, which is a much more informative and transparent experience for the viewer. The virtual site tour adeptly showcases regional exploration activities and surrounding producers, the Wawa Gold site location, infrastructure, land tenure, geologic setting, mineralization model, drill holes and upside deposit potential.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Red Pine Launches Virtual Tour of the Wawa Gold Project

Red Pine Launches Virtual Tour of the Wawa Gold Project

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce the launch of its Virtual Site Tour utilizing the VRIFY Technology Inc. ("VRIFY") platform, leveraged to showcase the Wawa Gold Project. The VRIFY platform has been designed to assist investors in better understanding the scope of Red Pine's 100% owned Wawa Gold Project, and to provide the visual aids and updates in the form of valuable new data flow out of the current drilling program and integrated into the platform. With the progress of the drilling program, the VRIFY platform will be able to grasp these successes and demonstrate any material project advancement and value creation for the Company's stakeholders.

The 3D renderings and satellite imagery amalgamated into the VRIFY platform provides enhanced content to the Red Pine website, and via the VRIFY proprietary platform, a data rich showcase of the project's historical drilling and recent developments, which is a much more informative and transparent experience for the viewer. The virtual site tour adeptly showcases regional exploration activities and surrounding producers, the Wawa Gold site location, infrastructure, land tenure, geologic setting, mineralization model, drill holes and upside deposit potential.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
gold and silver coins

VIDEO — Brian Leni: Precious Metals Thesis is "Overwhelming" — Be Picky, Buy Best of the Best

Brian Leni: Precious Metals Thesis is "Overwhelming" — Be Picky, Buy Best of the Bestyoutu.be

Now trading just above US$1,800 per ounce, the gold price isn't performing as well as some investors would like. But for Brian Leni, founder of Junior Stock Review, the outlook remains bright.

"To me the value in the precious metals and the overall precious metals thesis is just so strong it's overwhelming," he said at the Prospectors & Developers Association of Canada (PDAC) convention.

Leni describes himself as a value investor, and emphasized that for him the precious metals story isn't a question of "if," it's a question of "when" — the key is picking the right companies and being ready to wait.

Keep reading...Show less
gold bars with money

VIDEO — George Salamis: Major Gold Miners Making Money, but Volatility Curbing Big Decisions

George Salamis: Major Gold Miners Making Money, but Volatility Curbing Big Decisionsyoutu.be

Turmoil continues to rock the broader markets, and while the gold price has also suffered declines, George Salamis believes it's holding up well compared to other assets.

"Gold has hung in there pretty well relative to other investments — other commodities, currencies. I think it's held its own," he said at the Prospectors & Developers Association of Canada (PDAC) convention.

Salamis, who is the president and CEO of Integra Resources (TSXV:ITR,NYSEAMERICAN:ITRG), explained that he also sees gold miners doing well, but thinks volatility is stopping them from making moves.

Keep reading...Show less
Breaker Resources

Breaker Resources


Keep reading...Show less

NOVAGOLD Reports Second Quarter 2022 Financial Results

Donlin Gold's Largest Drill Program in Over 10 Years Advancing in Preparation for Feasibility Work

Strong Treasury of $142 Million in Cash and Term Deposits; $25 Million of Receivables in 2023

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

WHEATON PRECIOUS METALS RECOGNIZED IN CORPORATE KNIGHTS' 2022 LIST OF THE BEST 50 CORPORATE CITIZENS IN CANADA

TSX | NYSE | LSE: WPM

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that it has been named to the Corporate Knights' 2022 list of the Best 50 Corporate Citizens in Canada .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Yamana Gold Provides Notice of Second Quarter 2022 Results

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") will release its second quarter 2022 operational and financial results after the market closes on Thursday, July 28, 2022, Eastern Daylight Time ("EDT"). The Company will then host a conference call and webcast to review the results on Friday, July 29, 2022 at 9:00 a.m. EDT.

The Company also plans to provide a pre-release of production for the second quarter with a further update on certain optimizations and project advancements on or around Thursday, July 7, 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×