press releaseToronto, ON - Red Pine Exploration Inc. (RPX: TSX-V) (the "Company") has begun its 2012 exploration program on the Ava-Claire Property to follow up on the successful 2011 till sampling program. This program returned 30 samples with gold grains and with assay values up to 5.98 g/t gold..
The Ava-Claire Property is located between Probe Mines Borden Lake Discovery (5.848 million ounces gold inferred and indicated ) and Trelawney's Cote Lake Discovery(6.87 million ounces gold inferred and indicated), in a new developing gold district. Red Pine's interest in these projects is centered on the potential size of both discoveries and the fact we have a similar geological environment with the potential to host a large scale gold deposit.
The 2011 exploration included a property-scale till sampling program (consisting of 69 sample locations). This sampling also utilized airborne geophysics which identified two areas of anomalous gold values. The objective of the 2012 program is to identify the bedrock sources of the gold anomalies. The Company concludes that based on the favourable geophysical signature, geology and till sampling at Ava-Claire, further exploration is warranted and will be followed up with a drill program in late summer.
A key feature of the Ava-Claire property is that it is set in a similar geologic environment as Probe Mines’ Borden Lake discovery. Ava-Claire is located 20 kilometres to the west of the Borden Lake Discovery on the same geologic boundary. The Borden Lake discovery is associated with Timiskaming-age sediments within the Kapuskasing Structural Zone. Timiskaming sediments often show a spatial association with large-scale Archean lode gold deposits such as those found in the Timmins, Kirkland Lake, Hemlo and Red Lake gold camps and thus represent an important geological indicator for the gold potential of an area.
2011 Results
The 2011 till sampling program produced 30 samples with gold grains, including up to 10 gold grains from one sample. Assay results of the till samples returned values up to 5.98 g/t Au. (see the March 29th, 2012 press release for further details). It should be noted that the 30 samples with gold grains, are directly associated with the geologic boundary found on the Borden Lake Property. In addition, these samples were collected from two separate anomalous gold occurrences along the boundary.
2012 Exploration Plans
Based on the positive results obtained from the 2011 till sample analysis and assay results, the Company will proceed with a follow up till sampling program in order to identify the bedrock sources of the gold anomalies. Once the bedrock sources are refined, additional exploration in the form of geophysical work and/or trenching will be conducted to plan a drill program in 2012.
The field crew has mobilized to the Ava-Claire property and the till sampling program will be completed in July. The collected till samples will be submitted to Overburden Drilling Management Ltd. (ODM) of Nepean, Ontario for gold grain count analysis.
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's Properties
The Ava-Claire Property - Kapuskasing Structural Zone
The Ava-Claire property is set in a similar environment as Probe Mines’ Borden Lake discovery. The Borden Lake discovery has an inferred resource of 4.051 million ounces of gold. Red Pine’s consultant, Hadyn Butler, completed a regional geologic interpretation of the Kapuskasing structural zone surrounding this recent discovery. Red Pine believes that its geological and geophysical interpretation is that of an extension of the “Borden Lake Belt”, as identified by Probe, which continues through the centre of Ava-Claire.