Red Pine Exploration Inc V.RPX

Alternate Symbol(s): RDEXF

Metals & Mining Gold

Red Pine Exploration Inc. is a Canadian gold exploration company. The Company is in the exploration stage and has not commenced any commercial operations. The Company’s flagship asset is the Wawa Gold Project. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. The Wawa Gold Project covers over 7,021 hectares (ha), including 309 claims covering 4,788 ha; 17 leases covering 790 ha; and 105 patents covering 1,443 ha. The Wawa Gold Project hosts several former smaller scale mining operations with a combined historic production of approximately 419,560 tons with a recovered 120,093 oz of gold at an average head grade of 9.04g/t1 Au, is located approximately two kilometers east of the Town of Wawa in northern Ontario. The Company holds claims on various other properties, which include Cayenne Property, Fern Elizabeth Property, and Rand Garrison Property. Cayenne Property is a 133-ha property. The Company also holds NSR royalties on various properties.

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Red Pine Exploration Inc

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Post by oilman07on Mar 21, 2017 7:58am

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Post# 26006333

Bit of news!

Mr. Quentin Yarie reports

RED PINE STAKES ADDITIONAL CLAIMS AT ITS WAWA GOLD PROJECT, COMPLETES 6,000 M DRILL PROGRAM AND BEGINS 10,000 M EXPLORATION PROGRAM

Red Pine Exploration Inc. has staked an additional 137 hectares within the boundary of its Wawa gold project, bringing its total land package to 5,510 hectares. The Company has also completed its previously announced 6,000 metres drill program with the available results leading to the start of a larger 10,000 metres drill project.

Quentin Yarie, President and CEO of Red Pine, stated, "We are pleased to have secured this new area, within the limits of our Wawa Gold Project, that wasn't available previously. By securing these new claims, the Company is consolidating its land package and ensuring that it maximizes its holdings of prospective ground."

The new 10,000 metres drill program will continue to focus on advancing the Surluga Deposit and exploring targets within the Wawa Gold Corridor. A second drill will be mobilized after spring breakup.

Wawa Gold Project Highlights

-Hosts a 43-101 Inferred Resource ("Surluga Deposit") of 1,088 M oz at 1.71 g/t gold (0.5 g/t gold cut-off)1 open in all directions
-New gold mineralization discovered in the hanging-wall and footwall of the Surluga Deposit
-The resource appears to extend 525 metres to the north (2.0 g/t over 8.96 m)
-High-grade mineralization (57.31 g/t over 3.14 m) was found 3 km south of the resource
-The gold mineralization is hosted in closely stacked shear zones (Wawa Gold Corridor)
-Property hosts 8 past producing mines (120,000 oz gold at 9.04 g/t average grade)
-Located 2 km southeast of Wawa, Ontario, close to roads and infrastructure

Qualified Person

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

About Red Pine Exploration Inc.

Red Pine Exploration Inc. 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".

Red Pine has a 60% interest in the Wawa Gold Project with Citabar LLP. holding the remaining 40% interest. Red Pine is the Operating Manager of the Project and is focused on expanding the existing gold resource on the property.

For more information about the Company visit www.redpineexp.com

1 NI 43-101 inferred resource of 1,088,000 ounces of gold at a 1.71 grams per tonne (g/t) using a 0.40 g/t gold cut-off grade for pit-constrained and 2.50 g/t gold cut-off grade for underground-constrained resources, contained in 19.82 million tonnes open along strike and at depth. The Cut-off grades are based on a gold price of US$1,250 per once and a gold recovery of 95 percent (Mineral Resource Statement*, Surluga-Jubilee Gold Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada) Inc (effective May 26, 2015)). The report is available on www.SEDAR.com under Red Pine's profile.

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