Red Pine Exploration Inc.
TSX VENTURE : RPX

Red Pine Exploration Inc.

October 07, 2013 08:00 ET

Red Pine Exploration Completes Field Program on Cayenne-Chili

TORONTO, ONTARIO--(Marketwired - Oct. 7, 2013) - Red Pine Exploration Inc. (TSX VENTURE:RPX) has recently completed an IP survey and second phase bedrock sampling program over its Cayenne-Chili Property. The Cayenne-Chili Property consists of 24 contiguous mining claims and patents totalling 3900 hectares. The claims sit in a region interpreted as the western extension of both the Larder-Cadillac deformation zone and the second a western extension from the Porcupine-Destor deformation zone to the north.

New VMS Occurrences Discovered

The initial prospecting, mapping and channel sampling program completed in July, 2013 across the property returned numerous, significant polymetallic assay values that are characteristic of a volcanogenic massive sulphide (VMS) mineralized system. The program identified an extensive alteration system with sodium depletion and chlorite enrichment, a geochemical assemblage characteristic of a VMS system. The second round of bedrock sampling was designed to augment the newly discovered anomalous zones.

Individual bedrock samples from the new Zones of interest include:

ID Zone Cu_ppm Zn_ppm Ag_ppm Pb_ppm
CA0001 New Zone A 11800 205 3.18 3.86
CA0002 New Zone A 1220 26.3 0.469 5.38
CA0159 New Zone B 1330 6390 2.21 83.1
CA0450 New Zone C 10700 247000 19 156000
CA0607 New Zone C 103 4150 0.843 1950
CA1006 New Zone D 1150 2920 1.54 25.5

'New Zone C' reported highly anomalous values of 24.7% zinc, 15.6% lead and 1.1% copper. These values are similar to those reported on the historical exploration on the nearby 'Jefferson Deposit'(1), with the exception of the highly anomalous copper (Cu) values. The historical (1950's) results intersected 4.43% Zn and 1.25% Pb over 22.9m and 9.1% Zn and 11.5% Pb over 6.9m, but no appreciable copper. In the 1980's work by Falconbridge encountered 2.7% Zn over 9.12m and 1.6% Zn over 13.83m, with another hole reporting 1.7% Zn over 17.2m. The newly identified copper mineralization leads Company geoscientists to believe that a 'heat vector' towards the source of the mineralization can now be established.

Quentin Yarie, president and COO commented: "It is promising to find high grade mineralization beyond the historic showings which complements the current geophysical interpretation. The alteration and VMS mineralization observed at surface is much more extensive than we had believed based on our review of the previous exploration programs. We also have a high priority geophysical target immediately north of the sodium (Na) depleted footwall materials - a setting similar to Sturgeon Lake."

During the initial exploration program in July, 2013 channel samples were conducted in the areas of the 'Jefferson Deposit'1 as well the previously identified Vencan Zinc showing. Composite results of these channel samples are presented below:

Channel Length (m) Zone Mineralization (cutoff > 0.5%)
VenCanZinc1 2 Vencan Zinc Showing 12.35 G/t Silver
VenCanZinc2 1 Vencan Zinc Showing 0.577 % Zinc
VenCanZinc3 2 Vencan Zinc Showing 8.75 % Zinc, 14.8 % Lead and 14.10 G/t Silver, including 1 meter of 0.599 % Copper
VenCanZinc4 1 Vencan Zinc Showing 5.75 % Zinc
VenCanZinc5 2 Vencan Zinc Showing 3.58 % Zinc and 0.844 % Lead
VenCanZinc6 1 Vencan Zinc Showing 2.97 % Zinc and 0.63 % Lead
VenCanZinc7 2 Vencan Zinc Showing 11.25 % Zn, including 1 meter of 1.05 % Lead and 8.76 G/t Silver
Jefferson 3 Jefferson Showing 10.3 % Zinc and 0.75 % Lead

Individual bedrock samples from the Jefferson also included:

ID Zone Cu_ppm Zn_ppm Ag_ppm Pb_ppm
CA1292 Jefferson Zone 202 15000 3.35 1000
JM003 Jefferson Zone 728 38800 34.6 262000

Geophysical Survey Completed

During September, Red Pine contracted ClearView Geophysics of Brampton, ON to complete an IP survey to compliment an IP survey completed in 2006 (also conducted by ClearView Geophysics). Results of this program are pending. The pending data will be interpreted in conjunction with the extensive geophysical data set, geochemistry, geological and structural analysis to develop targets for a planned drilling program later this year.

1The mineral resource outlined here is a non-compliant NI 43-101 Mineral Resource since it is historical in nature and should not be relied upon. There is no direct evidence that these numbers or any portion thereof will ever be achieved at any time with further exploration work. These are historical resource estimates that do not comply with the current Canadian Institute of Mining, Metallurgy and Petroleum Resources (CIM) Definition Standards on Mineral Resources and Mineral Reserves as required by National Instrument 43-101 (NI 43-101) "Standards of Disclosure for Mineral Projects."

Qualified Person

Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company's exploration programs.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

More detailed information about the Company is available on the website: www.redpineexp.com.

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.

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