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Red Pine Discovers High-Grade Gold Mineralization Extension in Jubilee Shear: Intersects 10.43 g/t Gold over 12.95 Metres, Including 164.71 g/t Gold over 0.52 Metres

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Red Pine Discovers High-Grade Gold Mineralization Extension in Jubilee Shear: Intersects 10.43 g/t Gold over 12.95 Metres, Including 164.71 g/t Gold over 0.52 Metres

 

 

 

 

 

Red Pine Exploration Inc. (TSX-V: RPX) (OTCQB: RDEXF) continues to report new assay results from its ongoing exploration program. These latest assay results from Red Pine Exploration Inc.’s ongoing exploration program highlight the company’s continuous success in discovering significant gold mineralization located in the hanging wall of the Jubilee Shear. The program continues to discover significant gold mineralization in gaps in the 2019 resource to expand the exploration potential in the hanging wall of the Jubilee Shear.

 

Highlights Include:

  • Intersection of significant mineralization in a gap in the 2019 resource in the Jubilee Shear:
    • 10.43 g/t gold over 12.95 metres including 21.71 g/t gold over 0.95 metre and 164.71 g/t gold over 0.52 metre in SD-23-477
  • Testing the gaps in the 2019 resource in the Jubilee Shear proved that significant mineralization remains to be discovered.
    • Other intersections of significance outside the 2019 resource in the Jubilee Shear or at the intersection of the Jubilee/Minto B shears include:
      • 10.92 g/t gold over 28.05 metres including 209.1 g/t gold over 1.00 metre in SD-23-442 (press release of September 14, 2023)
      • 8.01 g/t gold over 32.95 metres including 171.0 g/t gold over 1.19 metre in SD-23-451 (press release of October 24, 2023)
      • 6.77 g/t gold over 5.85 metres including 13.73 g/t gold over 2.63 metres in SD-22-412 (press release of May 11, 2023)
      • 5.07 g/t gold over 27.35 metres including 20.14 g/t gold over 1.11 metre and 70.90 g/t gold over 1.14 metre in SD-22-414 (press release of February 23, 2023)
      • 3.80 g/t gold over 36.94 metres including 11.01 g/t gold over 5.60 metres in SD-23-456 (press release of December 18, 2023)
      • 9.57 g/t gold over 10.95 metres including 83.71 g/t gold over 1.00 metre in SD-23-457 (press release of November 15, 2023)
      • 3.35 g/t gold over 6.95 metres including 20.10 g/t gold over 1.01 metre in SD-23-472 (press release of January 11, 2024)
  • Continuing to expansion over the footprints of gold mineralization in the Minto B Shear
    • Gold mineralization is now confirmed to be present in the Minto B Shear over a strike length of 900 metres and has been systematically tested over 700 metres.

 

“The consistent high-grade results in both the hanging wall and footwall are very promising and provide proof to our concept of a potential shallow open pit model. We’re uncovering significant mineralization where gaps once existed in the 2019 resource. Progress is steady and consistent with over 1200 assays pending.” – Quentin Yarie, President and CEO of Red Pine Exploration”.

 

Table 1– Highlights from drilling in the Wawa Gold Corridor (Figure 1)

 

Hole From (m) To Length (m)* Visible Gold Gold (g/t) Zone
    (m)        
SD-23-467 128.71 139.96 11.25   0.79 Minto C Shear System (released on January 11, 2024)
Including
129.96 131.21 1.25   3.39
216.05 217.52 1.47   1.10 Shear Zone – Hanging wall (released on January 11, 2024)
298.7 317.83 19.13   0.59 Minto B Shear
Including
316.73 317.83 1.10   4.49
517.61 518.73 1.12   2.82 Shear Zone
SD-23-471 153.70 159.25 5.55   0.79 Minto B Shear
SD-23-473 272.68 281.06 9.64   0.61 Minto B Shear (released on January 11, 2024)
286.39 287.48 1.09   0.67
300.94 303.44 2.50   0.44
363.40 367.95 4.55   0.92 Jubilee Shear
Including
366.82 367.95 1.13   2.96
473.88 476.92 3.04 VG 1.02 Shear Zone
SD-23-477 256.42 262.12 5.70   0.95 Jubilee Shear
Including
261.18 262.12 0.94   3.15
294.41 307.36 12.95 VG 10.43
Including
297.90 298.52 0.62 VG 14.63
299.16 300.11 0.95   21.71
305.94 306.46 0.52 VG 164.71

 

Assay results presented over core length. True width for the intersections varies between 50 to 95% depending on the intersected geological structure.

 

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

 

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.

 

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. 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.

 

 

Figure 1 – Plan Map of the Drilling Results

 

 

Figure 2 – SD-23-477 in the Foot Wall of the Surluga Deposit

 

 

Posted January 30, 2024

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