The Prospector News

Red Pine Continues to Intercept Significant Mineralization at the Wawa Gold Project, including 4.53 g/t over 11.53 metres including 15.00 g/t gold over 1.14 metres

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Red Pine Continues to Intercept Significant Mineralization at the Wawa Gold Project, including 4.53 g/t over 11.53 metres including 15.00 g/t gold over 1.14 metres

 

 

 

 

 

Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) is pleased to announce assay results from 14 drill holes representing 5,390 metres of diamond drilling from the 2023-2024 resource expansion program at the Wawa Gold Project. The drilling continues the program commenced in 2021 with a total of drill holes for ~54,800 m having now been completed and released from the current targeted program of approximately 65,000 to 70,000 metres of resource expansion drilling leading to an updated resource estimate.

 

Drilling Highlights:

 

Contained within the Jubilee Shear System (Table 1)

  • 4.53 grams per tonne (“g/t”) gold over 11.53 m, including 15.00 g/t gold over 1.14 m in SD-24-495
  • 4.96 g/t gold over 7.87 m, including 16.50 g/t gold over 0.97 m in SD-24-490 (partial result)
  • 3.40 g/t gold over 7.27 m, including 9.71 g/t gold over 2.04 m in SD-23-486
  • 2.08 g/t gold over 6.32 m, including 8.16 g/t gold over 1.08 m in SD-23-481
  • 2.19 g/t gold over 17.12 m, including 7.86 g/t gold over 2.10 m in SD-23-480
  • 3.42 g/t gold over 10.11 m, including 9.22 g/t gold over 2.14 m in SD-23-479

 

Contained within the Hanging Wall of the Jubilee Shear (Table 2)

  • 13.3 g/t over 1.22 m in SD-23-478
  • 2.05 g/t over 6.01 m, including 5.61 g/t gold over 0.99 m in SD-24-490

 

Jean-Francois Montreuil, Vice President, Exploration of Red Pine commented:

 

“Our focused drilling campaign continues to yield positive results. The program continues to intersect gold mineralization within and away from the Jubilee Shear, the host of the current underground Surluga mineral resource¹. The latest drill results have intersected significant gold mineralization in the hanging wall of the Jubilee Shear and could contribute to reducing the stripping ratio under a proposed open pit scenario. The intersection of significant gold mineralization below the Jubilee Shear will potentially expand the resource to the north-west. Any possible open pit resource would also include gold mineralization at lower grades than the cut-off of the 2019 underground resource¹. The drill program also continues to expand the footprints of significant mineralization in the Jubilee Shear, which is expected to have a positive impact on a future resource.”

 

Table 1 – In and below the Jubilee Shear System (Figures 1 and 2)
Hole From To Length Gold Zone
(#) (m) (m) (m)* (g/t) (name)
SD-23-468 268.62 271.01 2.39 1.54 Jubilee Shear
278.40 286.17 7.77 0.93
SD-23-475 268.79 281.07 12.28 1.07
306.51 308.77 2.26 2.18 Shear Zone (below Jubilee Shear)
380.32 381.62 1.30 2.40
SD-23-478 360.27 364.78 4.51 1.00 Shear Zone (below Jubilee Shear)
SD-23-479 259.13 269.24 10.11 3.42 Jubilee Shear (verification drilling)
Including
263.07 264.14 2.14 9.22
SD-23-480 291.30 308.42 17.12 2.19 Jubilee Shear (verification drilling)
Including
291.30 292.31 1.01 4.65
305.12 307.22 2.10 7.86
SD-23-481 216.60 217.80 1.20 2.32 Jubilee Shear
321.08 327.40 6.32 2.08 Shear Zone (below Jubilee Shear)
Including
321.08 322.20 1.12 3.04
326.32 327.40 1.08 8.16
SD-23-482 213.70 214.95 1.25 1.01 Jubilee Shear
219.45 220.62 1.17 0.45
235.62 238.92 3.30 0.97
303.60 304.70 1.10 8.55 Shear Zone (below Jubilee Shear)
SD-23-483 244.35 247.31 2.96 0.43 Jubilee Shear
258.57 259.60 1.03 0.69
281.10 292.90 11.80 1.52
Including
282.18 283.40 1.22 6.66
291.67 292.90 1.23 4.55
SD-23-484 201.69 207.10 5.41 0.91 Jubilee Shear
227.20 228.41 1.21 1.29
350.13 352.82 2.69 0.93 Shear Zone (below Jubilee Shear)
SD-23-485 260.24 261.20 0.96 0.61 Jubilee Shear
294.98 297.06 2.08 5.39
Including
294.98 295.98 1.00 11.00
SD-23-486 206.84 209.12 2.28 2.57 Jubilee Shear
Including
206.84 208.00 1.16 4.00
229.20 236.47 7.27 3.40
Including
232.40 234.44 2.04 9.71
SD-24-490 200.03 207.9 7.87 4.96 Jubilee Shear (partial results)
Including
200.03 201.00 0.97 16.50
203.51 204.62 1.11 7.46
SD-24-494 186.81 196.66 9.85 1.65 Jubilee Shear
Including
186.81 190.50 3.69 2.17
194.25 196.66 2.41 2.60
201.53 204.12 2.59 1.20
SD-23-495 188.91 193.21 4.12 0.41 Jubilee Shear
199.75 211.28 11.53 4.53
Including
199.75 202.68 2.93 5.41
203.77 204.88 1.11 5.13
206.14 208.18 2.04 4.99
210.14 211.28 1.14 15.00
250.26 252.94 2.68 0.51 Shear Zone (below Jubilee Shear)
 

*Intercepts are calculated using a 0.4 g/t gold cut-off and a maximum of 5 m of internal dilution with no capping applied and are reported over core lengths. True width is estimated to vary between 75 to 95% of the reported core length.

 

Table 2 – Hanging wall of the Jubilee Shear (Figures 1 and 2)
Hole From To Length Gold Zone
(#) (m) (m) (m)* (g/t) (name)
SD-23-468 67.50 74.60 7.10 0.51 Sheared Intrusion-related gold
118.50 119.70 1.20 0.48 Shear Zone
189.75 200.84 11.09 0.48 Minto B
206.12 207.12 1.00 0.49
211.15 214.21 3.06 0.44
225.00 228.16 3.16 0.47
244.80 251.75 6.95 0.41
SD-23-478 43.88 45.22 1.34 0.97 Shear Zone
53.28 54.60 1.32 0.62 Shear Zone
237.31 238.53 1.22 13.30 Shear Zone
SD-23-479 104.71 105.87 1.16 0.66 Shear Zone
SD-23-480 15.49 16.96 1.47 0.79 Shear Zone
101.19 103.87 2.68 0.51 Minto B
SD-23-482 196.88 198.00 1.12 1.46 Shear Zone
SD-23-483 93.78 94.86 1.08 0.63 Minto B
122.67 130.80 8.13 0.64 Minto B
Including
123.62 124.57 0.95 3.42
SD-23-484 188.83 189.96 1.13 0.99 Shear Zone
SD-23-485 58.18 60.51 2.33 0.43 Minto B
SD-24-490 140.11 146.12 6.01 2.05 Vein Network
Including
142.12 143.11 0.99 5.61
SD-24-494 64.02 66.78 2.76 0.47 Shear Zone
 

*Intercepts are calculated using a 0.40 g/t gold cut-off grade and a maximum of 5 m of internal dilution with no capping applied and are reported over core lengths. True width is estimated to vary between 40 to 90% of the reported core length depending on the mineralization types defining the intersected gold zones.

 

 

Discussion of Drill Results

 

In the hanging wall of the Jubilee Shear, the new results:

  • extend the footprints of gold mineralization in the Minto B Shear;
  • confirm the presence multiple mineralized shear zones above the Jubilee Shear; and
  • confirm the presence of extensional vein network(s) spatially above the 2019 resource in the Jubilee Shear and between the new shear zones.

 

The on-going drilling program and the new assay results also improve the understanding of the geometry and continuity of the zones of gold mineralization located above the Jubilee Shear for their inclusion in the resource update.

 

In the Jubilee Shear System, the new results:

  • increase the size and improve the continuity of gold mineralization >= 2 g/t gold in the main segment of the Jubilee Shear and between the new shear zones; and
  • confirm the presence of gold-mineralized shear zones that are parallel and located below the main zone of the Jubilee Shear that is hosting the 2019 resource.

 

The on-going drilling program continues to widen the footprints of the mineralized system centered on the Jubilee Shear System beyond the footprints of the 2019 resource¹. It shows that mineralization of significance and with indications of continuity is present in shear zones below the Jubilee Shear.

 

Quality Assurance/Quality Control Measures

 

Drill core samples were transported in security sealed bags for analyses to 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 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

 

Jean-Francois Montreuil, P.Geo. and Vice President, Exploration of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

 

About Red Pine Exploration Inc.

 

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. 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. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region.

 

Figure 1 – Location of Diamond Drilling Results

 

Figure 2 – 3D View of Diamond Drilling Results

 

Posted April 3, 2024

Share this news article

MORE or "UNCATEGORIZED"


New Found Intercepts 14.8 g/t Au Over 5m at Honeypot & 43.1 g/t Au Over 2m at Jackpot

New Found Gold Corp. (TSX-V: NFG) (NYSE-A: NFGC) is pleased to a... READ MORE

April 17, 2024

STLLR Gold Announces Remaining Tower Gold Project Infill Drilling Results

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces the fin... READ MORE

April 17, 2024

AVANTI HELIUM CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Avanti Helium Corp. (TSX-V: AVN) (OTC: ARGYF) is pleased to anno... READ MORE

April 17, 2024

PAN GLOBAL INTERSECTS 11 METERS AT 2.36G/T GOLD AND 22 METERS AT 0.41% COPPER, EXPANDING CAÑADA HONDA COPPER-GOLD DISCOVERY, SPAIN

New drill results from Cañada Honda return best gold grade and t... READ MORE

April 17, 2024

O3 Mining Intersects 119.1 g/t Au over 2.5 Metres at Malartic H, Marban Alliance

O3 Mining Inc. (TSX-V: OIII) (OTCQX: OIIIF) is pleased to announc... READ MORE

April 17, 2024

Copyright 2024 The Prospector News