Red Pine Exploration (TSXV:RPX) (OTCQB:RDEXF) reported intersections of 68.71 g/t gold over 4.72 meters including 231.5 g/t gold over 1.06 meters in extension of the Minto Mine South Deposit at its Wawa Gold Project in Ontario. As part of its on-going drilling in the Surluga South exploration target, Red Pine is testing strategic gaps in the resource of the Minto Mine Deposit.
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Red Pine Exploration (TSXV:RPX) (OTCQB:RDEXF) reported results from its 2022 Phase 1 exploration program at its Wawa Gold Project in Ontario.
The company’s flagship 100% owned Wawa Gold Project is located 2 km southeast of Wawa, 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.
As part of its on-going drilling in the Surluga South exploration target, Red Pine is testing strategic gaps in the resource of the Minto Mine Deposit.
In hole SD-22-373, located within an approximately 25 meter-wide gap in the current resource of the Minto Deposit, the company discovered additional high-grade gold mineralization.
Hole SD-22-373 intersects 68.71 g/t gold over 4.72 meters including 231.5 g/t gold over 1.06 meters in extension of the Minto Mine South Deposit.
The results from SD-22-373, combined with those of SD-21-298A, announced last September, indicate that the Minto Mine deposit has the potential to host zones of high-grade gold mineralization.
Red Pine’s drilling confirmed the presence of gold mineralization in some of the deformation domains that are forming the Jubilee Shear Zone south of the Parkhill fault thereby opening this underexplored segment of the structure for additional exploration.
The company has confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault adding more than 2.5 kms in strike length of known continuous gold mineralization to the Wawa Gold Corridor.
In the Darwin-Grace area, hole DG-22-349 extends gold mineralization in the Grace Shear Zone 300 m southeast of the vertical shaft of the Darwin-Grace Mine.
Being the southernmost drill hole ever completed in the Grace Shear Zone, DG-22-349 shows that mineralization in the Grace Shear System remains open to the south.
Red Pine’s 2022 Phase 1 exploration program has confirmed the presence of gold mineralization along the Grace Shear Zone over a total strike length of 650 meters.
Quentin Yarie, President and CEO, stated: “We know that the historic high grade mines; Minto, Parkhill and Darwin Grace; have produced spectacular gold intersections throughout their operational history and it is understandable that we are now intersecting similar high-grade as we work to expand our resources into these areas. Red Pine is making excellent progress as we expand the footprint of our current resource.”
Hole SD-22-352 and SD-22-330 extended the footprints of the Surluga North Vein Network.
The intersection in SD-22-352 is located 120 meters east of the intersection of the Surluga North Vein network in SD-22-326.
Drilling in the Surluga South and the Surluga North zones in the Jubilee Shear Zone demonstrate that the structure and gold mineralization are persisting at depth.
Quentin Yarie, President and CEO, further commented: “As we continue to focus on the expansion of the Surluga and Minto Mine South resources, a third drill has been conducting further regional exploration of the property, particularly south of the Parkhill Fault. We have successfully demonstrated that a large orogenic gold system exists at the Wawa Gold Project now extending over a >6km strike length. Gold mineralization exists across multiple structures south of the Parkhill fault and we will now utilize what we have learned from the Surluga resource to identify zones of material gold grades and thicknesses. As an example, visible gold has been intersected in the Jubilee shear south of the Parkhill fault in hole JS-22-368 proving our teams understanding of this large gold system (assays pending).”
The shares are trading at $0.25.
For more information, please visit the company’s website at www.RedPineexp.com, contact Quentin Yarie, President and CEO, at 416-364-7024 or by email at QYarie@RedPineexp.com.
For investor relations, contact Carrie Howes, Director Corporate Communications, at 416-644-7375 or by email at CHowes@RedPineexp.com
