Red Pine Exploration Inc.

Red Pine Exploration Inc.

May 19, 2011 08:00 ET

Red Pine Commences Exploration Program on SaraCourt Property West of Timmins

TORONTO, ONTARIO--(Marketwire - May 19, 2011) -Red Pine Exploration Inc. ("Red Pine" or the "Company") (TSX VENTURE:RPX) is pleased to announce the first phase of its 2011 drill program has commenced on the SaraCourt Property, located within the Swayze portion of the Abitibi Greenstone belt west of Timmins.

This first phase will consist of approximately 3,000 metres of diamond drilling, targeting two gold zones on the SaraCourt Property: the Mortimer and Michelle gold zones. Crites Drilling of Connaught, ON is the contractor for this drill program.

In addition, Red Pine will conduct mechanical trenching to expose bedrock on a newly identified porphyry target, called the Maya Zone. This zone is situated south of the Michelle Zone where grab samples have returned gold values of 23.32 g/t, 15.09 g/t, and 21.95g/t*. (*This information is historical in nature and not 43-101 compliant and therefore should not be relied upon. The information was taken from a summary report on the exploration program for January 1985 - Coppell, Newton, and Dale Townships by David S. Hunt).

Drilling Details by Zone

Mortimer Zone
  • Six gold targets at Mortimer selected from an updated structural interpretation completed by technical team – planned to drill 6-8 holes totalling 2,000 metres
  • Magnetic and IP anomalies coincide with the nearby and past-producing Kenty Mine – grab samples along this trend have returned results from >6 g/t to 90 g/t gold suggesting that the geophysical trends represent an extension of the gold mineralization present at the Kenty Mine
  • Drill targets will focus on these IP anomalies that occur at favourable locations based on the structural interpretation
  • The Kenty mine is characterized by gold bearing veins hosted in an easterly-trending gabbro intrusive; Geophysical interpretation of a fold (structural trap) is interpreted to exist east of the Kenty Mine
Michelle Zone
  • Three gold targets at Michelle selected for drilling immediately following the completion of drilling on the Mortimer zone - planned to drill 3-5 holes totalling 1,000 metres
  • Hole to hole IP/resistivity survey, completed by Abitibi Geophysics, has identified two new targets in the northern region of the Michelle zone
  • Primary new target from the down hole IP survey is a chargeability target located along the down dip extension of the gold bearing zone intersected by RPX10-02 (7.4 g/t gold over 14.42m including 15.72 g/t gold over 3m)
  • The chargeability anomaly likely represents a higher concentration of pyrite which may host a significant zone of gold mineralization
Maya Zone
  • The Maya Zone has been identified by a team of geologists from the Geological Survey of Canada and the Ontario Geological Survey as a large, unexplored quartz feldspar porphyry intrusive
  • The larger gold deposits within Timmins Gold Camp are associated and proximal to similar felsic porphyries
  • Anomalous gold values from grab samples of 23.32 g/t, 15.09 g/t and 21.95g/t were reported by Placer Dome* (*This information is historical in nature and not 43-101 compliant and therefore should not be relied upon. The information was taken from a summary report on the exploration program for January 1985 - Coppell, Newton, and Dale Townships by David S. Hunt).

About The SaraCourt Property

The SaraCourt Property is a regional land package of contiguous, high-potential gold properties totalling approximately 28,000 hectares of patented and unpatented mining lands. Located in and along the newly defined DZ3 Gold Deformation Corridor, the Property holds a series of deformation zones and regional fault branches that host abundant gold showings and join the Destor-Porcupine Deformation Zone to the northeast, and join to the western extension of the Larder Lake Deformation Zone fault that branches to the southwest. The Destor-Porcupine Fault Zone is spatially associated with gold deposits in the Timmins-Porcupine Gold Camp that have produced more than 65 million ounces gold to date.

Quentin Yarie, P.Geo, Senior Vice President of Exploration is the qualified person for the technical data contained within this report.

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. 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.

Cautionary Statement: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Red Pine Exploration Inc.
    Brent Nykoliation
    Vice President of Business Development
    (416) 364-7024
    (416) 364-2753 (FAX)

    Red Pine Exploration Inc.
    Kirk McKinnon
    President & CEO
    (416) 364-7024
    (416) 364-2753 (FAX)