Red Pine Exploration Inc.
TSX VENTURE : RPX

Red Pine Exploration Inc.

December 17, 2014 06:00 ET

Red Pine Exploration Confirms Gold Mineralization Extends Beyond the Surluga Gold Deposit

TORONTO, ONTARIO--(Marketwired - Dec. 17, 2014) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") announces that it has received assay results from the Company's surface sampling program. As part of its due diligence on the Wawa Gold Project property (the "Wawa Gold Project") and to further establish the property's potential for additional high-grade gold mineralization, Red Pine revisited some of the known high-grade quartz veins on the property (see Figure 1). This field sampling program was undertaken to confirm the reported historic grades for gold showings and prospects related to quartz veins and gold-bearing shear zones, and to better understand how the morphology of the different quartz vein sets is constrained.

A map is available at the following address: http://media3.marketwire.com/docs/b984368.pdf

Geochemical analyses confirmed each noted prospect and returned gold assay grades of up to 31.9 grams per tonne* in individual grab samples of quartz veins and gold-bearing shear zones (Table 1). Sampling also confirmed the potential to intersect high-grade quartz veins and shear zones that extend beyond the Surluga Gold Deposit - an inferred gold resource of 1.1 million ounces at 1.49 grams per tonne.

*Bedrock samples were selective samples chosen to test for the presence of gold. The grades and mineralization present are not necessarily representative of other mineralization that may be identified on the property.

Sample Prospect/Deposit Sample type Gold (g/t)
22313 Mackay Quartz vein 5.63
22314 Mackay Quartz vein 14.70
22316 Cora Shaft Quartz vein 2.30
22327 Minto Shear zone 17.00
22328 Minto Shear zone 5.51
22334 Sunrise Quartz vein 9.25
22336 Sunrise Quartz vein/Shear zone 31.9
22338 Sunrise Quartz vein 27.00
22340 Sunrise Quartz vein 15.00
22201 Mariposa Quartz vein 11.00
22205 Darwin-Grace Quartz vein 13.5
22208 Van Sickle Quartz vein 3.48
Table 1. Medium- to high-grade gold samples collected in historic prospects/deposits of the Wawa Gold Project

The intersections of high-grade quartz veins and shear systems associated with the Surluga Deposit could represent a key element for the formation of high-grade gold mineralization zones at Surluga. The gold-rich shear zones and quartz veins at the Minto and Sunrise prospects suggest potentially undiscovered high-grade gold zones in the Surluga Deposit.

Wawa Gold Project Highlights

  • Located in Wawa, Ontario, an area of significant historical and current gold exploration (since 1890's) and production (1902 to 1991);
  • 172 patented and leased and unpatented mining claims within the McMurray Township, a total of 2,426;
  • 182 claim units on crown land, a total of 2,912 hectares;
  • Property hosted eight past producing mines with historic production of over 120,000 ounces;
  • Inferred resource of 1,072,335 ounces at 1.49 grams per tonne gold contained in 22.355 million tonnes, open along strike and at depth;
  • Proximity to established regional infrastructure (roads, rail, regional airport, high voltage power lines, natural gas, water).
  • Assumption agreement in place with Augustine Ventures (CSE: WAW) and Citabar

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

All samples were shipped to and analysed by Activation Laboratories Ltd. in Ancaster, Ontario. 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. The remaining coarse reject portions of the samples will remain in storage at the Activation Laboratories Ltd. in Ancaster, Ontario as required in the event that further work or verification is needed.

Qualified Person

Quentin Yarie, PGeo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release and is 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".

The Mineral Resource is disclosed in the NI 43-101 compliant technical report titled "Amended Technical Review and Mineral Resource Estimate for the Jubilee-Surluga Property, near Wawa, Ontario, Canada for Augustine Ventures Inc." dated October 12, 2012 and prepared by Clifford J. Duke, P. Eng., Senior Associate Geological Engineer of Watts, Griffis and McOuat, Consulting Geologists and Engineers. The report is available on www.SEDAR.com under Augustine's profile.

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