Red Pine Exploration Inc.
TSX VENTURE : RPX

Red Pine Exploration Inc.

July 31, 2014 16:30 ET

Red Pine Exploration Completes Third Round of Drilling at Cayenne

TORONTO, ONTARIO--(Marketwired - July 31, 2014) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") has completed its spring drilling program at its Cayenne Property located 110 kilometres southwest of Timmins, Ontario. A total of 11 exploration holes (CC14-14 through CC14-24) were completed in May and June 2014. With the exception of one drill hole, no significant zones of mineralization were intersected and consequently, the Company has paused exploration on the Cayenne property pending a full review of all available data. Red Pine is currently evaluating several properties that present the opportunity to add value for our shareholders. An update on the remaining 2014 exploration activities will be provided shortly.

Cayenne Spring Drilling Program Update

Eleven exploration holes were drilled to test high priority geochemical and geophysical targets. All drill holes intersected sulphide rich materials with anomalous zinc ("Zn") and lead ("Pb") values. Highlights from the drill program are presented below.

Drill Hole From (m) To (m) Length*
(m)
Silver
(Ag)
g/t
Copper
(Cu)
%
Lead (Pb)
%
Zinc
(Zn)
%
CC14-19 172 178 6 4.51 0.22 2.34 2.84
CC14-20 45.53 55.1 9.57 3.85 0.10 1.83 2.74
CC14-24 81 100 19 9.12 0.21 1.66 2.91
Including 81 86 5 13.29 0.36 2.02 4.30
Including 91 100 9 10.74 0.21 2.13 3.51

*Lengths reported above in metres ("m") are drill intersected core and do not represent true widths.

While zones of higher-grade mineralization were previously intersected, the current exploration work seems to indicate that a volumetric significant mineralized zone likely does not exist and further drilling and expenditure of funds on the property cannot be justified at this time. Based on this information the Company has paused exploration on the Cayenne property pending a complete and comprehensive review of all available data, which will include review by external consultants with specific expertise in VMS deposits. The results of this review will determine what further exploration, if any, will be conducted on this property.

Exploration & Potential Property Acquisition Update

The Company is continually engaged in looking for and evaluating mineral properties that could potentially add value for our shareholders. Since it appears the Cayenne property does not have the potential to yield economic tonnages and grades, the Company has developed a short-list of target properties and is currently evaluating several opportunities with the potential to host economic mineralization.

On-site Quality Assurance/Quality Control ("QA/QC") Measures

All samples were shipped to ALS Minerals Division preparation laboratory in Timmins Ontario. Analyses were performed in the ALS laboratory in Vancouver, British Columbia. All core samples were selected by the Red Pine site geologist, and were cut in half by diamond core saw. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were shipped out when ready. The remaining coarse reject portions of the samples remain in storage at the ALS in Vancouver as required in the event that further work or verification is needed.

Independent Quality Assurance and Quality Control ("QA/QC") Protocol

A QA/QC program was implemented to monitor all assays from the Spring drilling program. Samples were assembled in batches and were continuously leaving the site for immediate testing. Included in each batch of samples were certified reference standards every 20 samples and blank samples comprised of sterile drill core inserted randomly (approximately every 20-30 samples).

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".

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

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.

Contact Information