TORONTO, ONTARIO--(Marketwired - April 13, 2017) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or
"the Company") announces that it has contracted SGS Minerals Services ("SGS") to conduct metallurgical testing on a 100 kg
composite sample from the Wawa Gold Project to evaluate the recovery of gold and silver using standard ore processing
methods.
Quentin Yarie, President and CEO of Red Pine, stated, "Our team is focused on expanding the existing inferred gold
resource at the Wawa Gold Project and identifying new gold mineralization on the property through resampling and drilling. The
metallurgical test work is a new milestone for us and is part of our comprehensive approach to maximize the project's long-term
economic viability. Optimizing processing methods to maximize gold and silver recoveries will be instrumental in the
eventual completion of an economic assessment of the project. "
The SGS study will help determine the most efficient ore processing methods for the Wawa Gold Project. Standard ore
processing test work will include gravity separation, flotation, and cyanide leaching. Each process will be optimized to
maximize gold and silver recoveries from the 100 kg composite sample. The metallurgical testing is expected to take 8 to 10
weeks to complete.
Wawa Gold Project Highlights
- The Surluga Deposit hosts a 43-101 Inferred Resource of 1.088 Million oz gold at 1.71 g/t gold (0.5 g/t gold
cut-off)1
- New gold mineralization has been discovered in the hanging-wall and footwall of the Surluga Deposit, which remains open in
all directions
- Gold mineralization exists 525 metres to the north of the deposit (SD-16-43: 2.0 g/t over 8.96 m) and 3 km south of the
deposit (DG-17-56: 57.31 g/t over 3.14 m)
- The Surluga Deposit lies within the Wawa Gold Corridor, which is roughly defined as a 2,000 metres-long and 600 metres-wide
corridor consisting of stacked parallel shear zones
- The project is located 2 km southeast of the Municipality of Wawa, Ontario, close to roads, power and other
infrastructure
Overview of the Wawa Gold Project
The Wawa Gold property package consists of over 5,000 hectares that historically hosted several mines. Together, they produced
over 120,000 oz of gold at an average grade of 9.04 g/t. The property currently hosts the Surluga Deposit, a NI 43-101 Inferred
Gold Resource of 1,088,000 oz gold at an average grade of 1.71 g/t using a 0.5 g/t cut-off contained within 19.82 million
tonnes1.
Red Pine's exploration work over the past 12 months has included the ongoing sampling of 42,000 metres of historic core that
was never sampled by previous operators (initiated in February 2016) and the completion in March 2017 of a 6,000-metre drill
program (initiated in November 2016). A new 10,000-metre drill program has already been initiated.
The goal of the sampling and drill programs is to fill-in gaps within the resource estimate with the expectation that it will
lead to the definition of additional gold resources. The sampling and drill programs are expected to continue throughout
2017. An assessment of an Exploration Target at the Wawa Gold Project is expected this fall.
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 is focused on expanding the existing gold resource of the Wawa Gold Project, situated near Wawa, Ontario. Red
Pine is the Operating Manager of the project and owns a 60% interest with Citabar LLP owning the remaining 40%.
For more information about the Company and the project visit www.redpineexp.com.
1 |
NI 43-101 inferred resource of 1,088,000 ounces of gold at 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)). |
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