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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)
- Other intersections of significance outside the 2019 resource in the Jubilee Shear or at the intersection of the Jubilee/Minto B shears include:
- 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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New Break Resources Ltd. (CSE: NBRK) (OTCQB: NBRKF) (FSE: O91) has received results from the last four holes of a ten-hole, 1,996 metre summer drilling program in the Zavitz gold zone at the Company's 100% owned Moray gold project. In total, New Break has completed 5,372 metres of drilling in 32 drillholes in 2026. Moray is located 49 km southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. Select results from the final four of ten holes drilled in the summer drilling program are presented below in Table 1, while drillhole collar locations are detailed in Table 2 in Appendix A. Table 1 – Moray Summer 2026 Final Drill Results Hole ID Length (m) From (m) To (m) Width (1) (m) Au Grade (2) (g/t) NBR-26-29 322.0 77.3 78.8 1.5 0.42 and 138.0 139.1 1.1 0.38 and 162.5 173.3 10.8 (3) 1.61 and 227.4 229.0 1.6 1.21 and 231.5 232.1 0.6 1.72 NBR-26-30 250.0 37.0 38.0 1.0 0.30 and 102.8 103.5 0.7 0.60 and 121.5 122.5 1.0 0.36 and 124.5 125.5 1.0 0.33 and 128.5 129.0 0.5 0.90 and 131.0 132.0 1.0 0.36 and 169.8 174.0 4.2 2.65 and 178.0 179.5 1.5 0.77 and 183.5 186.6 3.1 1.22 and 190.0 190.5 0.5 1.06 and 191.5 192.5 1.0 1.48 and 196.0 200.5 4.5 2.53 and 203.5 204.0 0.5 2.15 and 206.5 212.0 5.5 1.57 NBR-26-31 274.0 169.0 170.5 1.5 0.37 and 184.5 186.0 1.5 0.51 and 197.0 200.0 3.0 0.94 and 201.5 202.0 0.5 0.50 and 203.5 210.0 6.5 (3) 3.12 NBR-26-32 352.0 73.5 74.0 0.5 0.44 and 174.0 174.6 0.6 0.52 and 194.0 195.0 1.0 0.66 and 199.8 203.3 3.5 2.29 and 227.3 228.0 0.7 0.97 (1) Intervals are drill intersections and do not necessarily represent true widths. (2) All intervals are presented using a cut-off grade of 0.3 g/t Au and internal dilution of no more than 1.0 metres at grades less than 0.3 g/t Au and assays are not capped (see QA/QC Procedures). (3) Drill core photos shown in Appendix B. Figure 1 – Newly Reported Drillholes NBR-26-29, 30 Figure 2 – Newly Reported Drillholes NBR-26-30, 31, 32 Note: The bottom of NBR-26-30 deviated southeast and is represented in both sections. Figure 1: Section B-B1 incorporates drillholes NBR-26-06, 07, 08, 25, 26, 27, 28, 29 and part of 30. Gold mineralization extends southeast into the syenite as exhibited in NBR-26-29. NBR-26-30 is identified in both sections A-A1 and B-B1 as the drillhole was collared along section A-A1 but deviated southeast, intersecting gold mineralization in the mafic volcanics in section B-B1. Figure 2: A-A1 incorporates drillholes NBR-26-03, 04, 05, 23, 24, 30, 31 and 32. NBR-26-31 exhibits gold mineralization both within the syenite (at the contact) and within a "flow breccia" within the hematite altered mafic volcanic at the contact. NBR-26-32 is typified by blocky faulted ground with lamprophyre dykes and gold mineralization in the hematite altered mafic volcanics in a brecciated quartz vein with angular syenitic fragments. William Love, Chief Executive Officer of New Break commented, "Ongoing drilling this summer in the Zavitz gold zone continues to deliver significant gold values, with gold mineralization intercepted in every drillhole. As depicted in Figures 1 and 2, gold mineralization has been encountered predominantly within the mafic volcanics. Importantly, drillholes NR-26-29 and NR-26-32, the deepest drilled to date, demonstrate that gold mineralization extends into the syenite to the southeast at the contact with the mafic volcanics." He further noted, "The intrusive-mafic volcanic contact in the Zavitz gold zone has a distinctive magnetic high. This could be reflective of the higher proportion of iron in these mafic volcanics, which is associated with the higher gold values. This same magnetic and IP signature has been identified elsewhere in areas also believed to be along the intrusive-mafic volcanic contact. Drilling these never before tested targets with the goal of identifying gold mineralization similar to that encountered in the Zavitz zone represents the potential for significantly expanding the Moray gold discovery. There is also the belief that the Zavitz zone could represent the first of a series of stacked mineralized gold zones, which would point to the potential for a much larger gold system at depth. We plan to test this through deeper drilling directly into the Zavitz zone." About the Moray Gold Project The Moray property is located in the heart of the Ontario Abitibi greenstone belt, 49 km southeast of Timmins surrounded by a number of significant gold producing companies and existing mills (see Figure 3). The Young-Davidson gold mine operated by Alamos Gold Inc., with its 8,000 tonne per day mill is the closest and within a short trucking distance of approximately 45 km by road from Moray. The understanding of gold mineralization at Moray continues to evolve with each round of drilling. The occurrence of gold mineralization extending into the syenite to the southeast of the Zavitz zone and in the deepest drillholes is noteworthy given the presence of syenite-hosted mineralization at Young-Davidison. More recent examination of the drill core also suggests that the gold mineralization discovered to date may resemble an intrusion related style of deposit like Agnico Eagle's Upper Beaver gold deposit east of Kirkland Lake, as opposed to a structurally hosted gold system. Both Young-Davidson and Upper Beaver host multi-million ounce gold deposits. Figure 3 – Moray Location Map: Surrounding Gold Producers and Upper Beaver Gold Project Technical Content and Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Peter C. Hubacheck, P. Geo, consulting geologist to New Break, and an independent Qualified Person as defined by National Instrument 43-101. Mr. Hubacheck certifies that this news release fairly and accurately reflects the technical information and data presented. New Break conducts its exploration activities in accordance with CIM Best Practices Guidelines. QA/QC Procedures QA/QC procedures were executed to ensure all work is conducted in accordance with best practices. All drill core was sawn in half with one half of the core prepared for shipment and the other half retained for future verification. All core is under watch from the drill site to the core processing facility. Drill core is BQTK size and sample intervals range from 0.5 metres to 1.0 metres in length. Commercially prepared certified reference material ("CRM") standards and blanks were inserted with each shipment at a rate of 1 QAQC sample in every 12 core samples. Samples from New Break's 2026 Moray drilling program were analyzed at Activation Laboratories in Timmins, Ontario, which is ISO 17025 certified, by 30-gram fire assay with atomic absorption finish. Any sample assaying greater than 10.0 g/t Au was re-assayed with fire assay gravimetric analysis. Grade composite intervals over core lengths are calculated using a weighted average grade with a cut-off grade of 0.3 g/t Au. Up to 1.0 m of internal dilution (consecutive interval below cut-off grade) are included within specific geologic domains and alteration assemblages, except as otherwise noted. The composites are constrained geologically by metasomatic alteration processes sourcing from the Fiset syenite intrusion and contact mafic volcanic rocks. Elevated gold values are coincident with hematite, silica, sericite and pyrite mineralization within structurally prepared brecciated corridors flanking the intrusion. Intervals are not true widths and no top cutting has been applied to the higher gold values. About New Break Resources Ltd. New Break is a Canadian mineral exploration company focused on its Moray gold project located 49 km southeast of Timmins, Ontario, in a well-established mining camp within proximity to existing infrastructure, and 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Shareholders are also leveraged to exploration success in Nunavut, Canada, through New Break's 20% carried interest in the Sundog gold project and ownership of 6.0 million shares of Guardian Exploration Inc. (TSXV: GX). The Company is supported by a highly experienced team of mining professionals. Appendix A – Drillhole Data and Locations Table 2 – Moray Summer 2026 Drillhole Collar Locations Hole ID Length (m) UTM Easting UTM Northing UTM Elevation Azimuth (degrees) Dip (degrees) NBR-26-29 322.0 492703 5320285 363 220 -70 NBR-26-30 250.0 492708 5320329 363 220 -47 NBR-26-31 274.0 492708 5320329 363 220 -60 NBR-26-32 352.0 492708 5320329 363 220 -70 Total 1,198.0 Coordinates are reported in UTM Zone 17 North, with units in metres. Figure 4 – Zavitz Gold Zone – Surface Traces of 2025 and 2026 Drillholes. All of the drilling at Moray has been completed by Enviro North Exploration Inc. out of Sturgeon Falls, Ontario. Drilling in the Zavitz gold zone is shown in figure 4, with the 1,996 metres in 10 holes drilled this summer depicted in red, the 2,807 metres in 20 holes drilled from January to April 2026 shown in blue and the 1,817 metres in 8 holes drilled in 2025 shown in black. In total, 6,620 metres in 38 drillholes have been completed in the Zavitz gold zone, while New Break has completed a total of 5,372 metres in 32 drillholes of our planned 2026, 10,000 metre drilling program. Appendix B – Drill Core Photos From NBR-26-29 and NBR-26-31
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