The Prospector News

Red Pine discovers high-grade gold in un-sampled historic core

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Red Pine discovers high-grade gold in un-sampled historic core

 

 

 

 

 

Red Pine Exploration Inc. (TSX-V: RPX) has received partial assay results for 135 holes from historic core from its Wawa Gold Project that the Company is sampling as part of its 2018 sampling program. The Company has received assay results for a total of 7,600 of the 11,000 metres of historic core logged this year and found >0.1 grams per tonne (“g/t”) of gold in 51% of the sampled holes.

 

Sampling Highlights:

 

  • 8.78 g/t gold over 2.28 metres (calculated true thickness) at the Surluga Deposit in  U0728L5;
  • 9.36 g/t gold over 0.7 metres (calculated true thickness) in S174W;
  • 2.31 g/t gold over 4.88 metres (calculated true thickness) in U0645L5;
  • 1.55 g/t gold over 3.8 metres in U0683L5;             

 

 

Quentin Yarie, President and Chief Executive Officer of Red Pine stated, “Our sampling program continues to highlight the shortcomings of the current deposit model at Surluga as these historic holes were unsampled and therefore assigned a “0” gold value with the areas considered sterilized within the current resource model. Sterilizing an area removes any ability to extrapolate mineralization to that area within the model.  These historic holes were drilled primarily underground within the geologic constraints of the existing deposit model.    Since we are seeing gold values in 51% of the holes sampled to date, any value other than “0” assigned to these areas will have a positive impact on any future resource model.”

 

 

Sampling of historic core

 

Since December 2014, Red Pine’s sampling of 42,000 metres of historic drilling (from 318 underground and 119 surface drill holes) continues to add gold in many of the sampled historic boreholes in the Jubilee Shear Zone, as well as in the footwall and hanging wall of the Surluga Deposit. The spatial distribution of the historic boreholes with notable gold weighted average increases will positively change the current deposit model (Fig 1).

 

 

On-going Drilling Program

 

Red Pine’s 2018 diamond drill program is focussed on in-filling strategic areas of the Surluga Deposit where the sampling of historic holes is not possible, or in areas that were not drilled historically. The Company, assisted by Golder Associates, has devised a drilling program that is designed to maximize its impact on the Surluga Deposit.

 

 

Table 1 – Highlights of the historic core sampling program

 

 

Hole Before/
After
sampling
Structure From
(m)
To (m)     Intersection
length
(m)
    Calculated
True
Width
(m)
    Metal
Factor
    Grade
(g/t
gold)
    %
changes
length
    %
changes
metal
factor
    %
remaining
un-
sampled
S174W Before Jubilee 169.16 171.91     2.75     2.12     0.212     0.1     132     3088     43
After 169.16 175.56     6.4     4.93     6.75     1.37            
S246 Before Jubilee 202.08 272.64     70.56     54.33     36.38     0.67     0     5.4     49
After 202.08 272.64     70.56     54.33     38.34     0.71            
S279 Before Jubilee 146.55 167.03     20.48     15.77     46.42     2.94     115     9.2     0
After 146.55 190.5     43.95     33.84     50.68     1.50            
U0011AL6 Before Jubilee 1.22 25.91     24.69     15.55     15.11     0.97     0     16     28
After 1.22 25.91     24.69     15.55     17.60     1.13            
U0020L6 Before Jubilee 0 5.79     5.79     3.88     14.83     3.82     65     7.5     22
After 0 7.69     9.54     6.39     15.93     2.49            
U0532L5 Before Jubilee 0.3 16.76     16.46     10.37     3.26     0.31     0     84     9.7
After 0.3 16.76     16.46     10.37     5.99     0.58            
U0609L5 Before Jubilee 1.52 16.76     15.24     9.75     3.85     0.40     0     15     0
After 1.52 16.76     15.24     9.75     4.42     0.45            
U0613L5 Before Jubilee 0 21.95     21.95     14.05     8.83     0.63     46     11     20
After 0 32     32.00     20.48     9.82     0.48            
U0614L5 Before Jubilee 0 22.25     22.25     14.24     6.37     0.45     27     37     17
After 0 28.35     28.35     18.14     8.76     0.48            
U0618L5 Before Jubilee 0.61 17.77     17.16     16.82     12.15     0.72     37     16     13
After 0.61 24.08     23.47     23.00     14.14     0.61            
U0635L5 Before Jubilee 1.52 16.15     14.63     9.36     5.71     0.61     0     40     0
After 1.52 16.15     14.63     9.36     8.00     0.85            
U0637L5 Before Jubilee 0 9.45     9.45     6.05     2.31     0.38     11     36     22
After 0 10.52     10.52     6.73     3.14     0.47            
U0638L5 Before Jubilee 0 27.74     27.74     27.19     26.71     0.98     0     12     14
After 0 27.74     27.74     27.19     30.01     1.10            
U0641L5 Before Jubilee 0.76 4.57     3.81     2.44     1.66     0.68     80     82     0
After 0.76 7.62     6.86     4.39     3.03     0.69            
U0645L5 Before Jubilee 0 8.53     8.53     5.46     3.90     0.72     164     300     2.4
After 0 22.56     22.56     14.44     15.62     1.08            

 

Hole Before/
After
sampling
Structure   From
(m)
To (m)   Intersection
length
(m)
  Calculated
True
Width
(m)
  Metal
Factor
    Grade
(g/t
gold)
    %
changes
length
   
%
changes
metal
factor
 
%
remaining
un-
sampled
U0647L5 Before Jubilee 0   20.57   20.57   13.16   12.83 0.97 48 10 7.5
After 0   30.48   30.48   19.51   14.16 0.73
U0648L5 Before Jubilee 0   7.62   7.62   7.47   13.25 1.77 24 6.6 0
After 0   9.45   9.45   9.26   14.12 1.52
U0656L5 Before Jubilee   4.57 21.34   16.77   7.71   1.78 0.23 27 38 8.6
After   0 21.34   21.34   9.82   2.47 0.25
U0659L5 Before Jubilee   0.3 12.19   11.89   11.65   30.34 2.60 67 6.7 0
After   0.3 20.12   19.82   19.42   32.38 1.67
U0670L5 Before Jubilee   17.07 46.24   29.17   13.71   21.31 1.55 32 2.1 11
After   7.62 46.24   38.62   18.15   21.77 1.20
U0674L5 Before Jubilee   42.82 66.75   23.93   8.14   8.19 1.01 1.9 3.4 6.3
After   42.37 66.75   24.38   8.29   8.47 1.02
U0683L5 Before Jubilee   14.63 43.89   29.26   18.73   25.21 1.35 31 35 8.3
After   5.49 43.89   38.40   24.19   33.38 1.38
U0718L5 Before Jubilee   71.63 73.61   1.98   1.15   1.60 1.39 246 90 37
After   66.75 73.61   6.86   3.98   3.03 0.76
U0728L5 Before Jubilee   0 16.31   16.31   13.54   59.49 4.39 89 36 30
After   0 30.78   30.78   25.55   80.78 3.16
U0736L5 Before Jubilee   2.9 16.31   13.41   13.14   48.33 3.68 22 11 22
After   0 16.31   16.31   15.98   53.67 3.36
U0739L5 Before Jubilee   0.46 21.18   20.72   20.31   24.98 1.23 2.2 2.9 10
After   0 21.18   21.18   20.76   25.71 1.24
U0893L6 Before Jubilee   0.73 28.35   27.62   13.53   35.71 2.64 2.6 2.3 2.6
After   0 28.35   28.35   13.89   36.53 2.63
U0907L6 Before Jubilee   9.75 28.35   18.60   8.74   4.11 0.82 13 10 0
After   7.32 28.35   21.03   9.88   4.65 0.80
U0920L6 Before Jubilee   0 7.62   7.62   7.54   6.68 0.89 58 21 5.2
After   0 12.04   12.04   11.92   8.10 0.68
U0984L6 Before Jubilee   4.63 23.47   18.84   18.46   54.38 2.95 5.89 8.6 9.6
After   3.54 23.47   19.93   19.53   59.05 3.02
U0995L6 Before Jubilee   0.91 20.42   19.51   7.41   46.85 6.32 0 6.4 0
After   0.91 20.42   19.51   7.41   49.86 6.72
U1117L3 Before Jubilee   16.46 32.49   16.03   10.42   29.84 2.86 99 7.7 0
After   0.61 32.49   31.88   20.72   32.14 1.55
U1660L5 Before Jubilee   2.13 42.82   40.69   26.04   24.65 0.95 0 20 28
After   2.13 42.82   40.69   26.04   29.50 1.13

 

*Calculated using the calculated true width of the intersection

 

 

Wawa Gold Project Background

 

The Wawa Gold Project consists of over 5,500 hectares and hosts several former mines with a combined historic production of 120,000 oz gold1.  To date, the largest gold deposit on the property is the Surluga Deposit, which hosts a NI 43-101 Inferred Resource of 1,088,000 oz gold at an average grade of 1.71 g/t (using a 0.5 g/t cut-off) contained within 19.82 million tonnes2.

 

 

Since December 2014, Red Pine’s exploration work has involved the ongoing sampling of 42,000 m of historic core that was never sampled by previous operators of the project, and aggressive drilling campaigns. To date, the Company has completed over 52,000 m of drilling and made four discoveries along the extension of the Surluga Deposit: the Surluga North Zone; the Hornblende-William Zone; the Minto Mine South Zone and; the Grace-Darwin Zone. These are part of the Wawa Gold Corridor, a gold-mineralization zone that extends for more than 5 km.

 

 

Red Pine’s on-going drill program is designed to potentially expand the size of the existing inferred gold resource and connect the other zones of gold mineralization along the newly-discovered Wawa Gold Corridor.

 

 

The Company is well positioned to fund its share of the Wawa Gold exploration program.

 

 

As such, the sampling and drill programs are expected to continue through 2018.

 

 

On-site Quality Assurance/Quality Control Measures

 

Drill core samples were transported in security-sealed bags for analyses to 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 and then shipped. The remaining 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. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

 

 

About Red Pine Exploration Inc.

 

Red Pine Exploration Inc. is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. Red Pine has a 60% interest in the Wawa Gold Project with Citabar LP. holding the remaining 40% interest. Red Pine is the operator of the project and is focused on expanding the existing gold resource on the property.

Posted August 8, 2018

Share this news article

MORE or "UNCATEGORIZED"


Canarc Resource Options Its Fondaway Canyon and Dixie Comstock Properties in Nevada to Getchell Gold

Canarc Resource Corp. (TSX:CCM) (OTCQB:CRCUF) (Frankfurt:CAN) ann... READ MORE

October 17, 2019

Infill Drilling at San Albino Intersects 59.48 g/t Gold Over 2.1 Meters (estimated True Width) Five Meters from Surface

Mako Mining Corp. (TSX-V: MKO) is pleased to report further posit... READ MORE

October 17, 2019

Surge Acquires an Option to Purchase a 100% Interest in a Polymetallic Silver, Copper, Lead, Zinc Deposit in British Columbia Canada

Surge Exploration Inc. (TSX-V: SUR) (OTC: SURJF) (FRA: DJ5C... READ MORE

October 17, 2019

Fiore Gold Meets Full Year 2019 Production Guidance

FIORE GOLD LTD. (TSX-V: F) (OTCQB: FIOGF) is pleased to announce ... READ MORE

October 17, 2019

Marathon Gold Reports Additional Drill Results from Marathon Deposit at Valentine Gold Project, NL

Marathon Gold Corporation (TSX: MOZ) is pleased to report an addi... READ MORE

October 17, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions