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Red Pine intersects thick zones of gold mineralization including high-grade intersect of 42 gpt over 2 metres

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The company discovered significant mineralization in gold zones above the Jubilee Shear in the extension of the Minto B Shear Zone, with 247 containing 1.1 grams per tonne gold over 51.4 metres, including 8.3 grams per tonne gold over 1.2 metres and 6.7 grams per tonne gold over 3.1 metres.

Additional Information:

Company: Red Pine Exploration
Website: http://www.redpineexp.com
Stock Symbol: TSXV: RPX
Date Published: Mar 1, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Red Pine Exploration sannounced new results from its delineation drilling of the Surluga Deposit.

The Surluga deposit is one of two known resources, identified to date, on the large 6,519-hectare Wawa Gold Property, located near Wawa, Ontario.

These latest results will be included a revised NI 43-101 resource estimate for the deposit that is expected to be issued in the second quarter of 2019.

Quentin Yarie, President and CEO, stated: “The discovery of significant mineralization, both in width and grade, outside of the current footprint of the inferred resource, indicates that our understanding of the deposit has increased substantially. The holes reported here are filling numerous gaps in the Surluga Deposit that were never explored before, but are adjacent to the existing underground infrastructure of the Surluga and Jubilee Mines. Assay results for another 23 drill holes are still pending. Visible gold, and arsenopyrite, typically associated with zones of stronger gold mineralization in the Surluga Deposit, were also observed in those pending holes.”

Highlights include Hole 243A containing 14.3 grams per tonne gold over 7 metres including 42.2 grams per tonne gold over 2 metres true width.

Also Hole 244 containing 5.4 grams per tonne gold over 4.8 metres, including 6.7 grams per tonne gold over 3.1 metres true width,

And Hole 248 containing 7.3 grams per tonne gold over 2.8 metres true width.

The company discovered significant mineralization in gold zones above the Jubilee Shear in the extension of the Minto B Shear Zone, with 247 containing 1.1 grams per tonne gold over 51.4 metres, including 8.3 grams per tonne gold over 1.2 metres and 6.7 grams per tonne gold over 3.1 metres.

Red Pine’s work to improve its understanding of the geological factors that control higher-grade gold mineralization in the Surluga Deposit has enabled the company to identify zones where significant gold mineralization can be expected.

Holes 243A, 244 and 248 targeted one of these areas.

Red Pine’s delineation program has both expanded and discovered zones of gold mineralization in both the hanging wall and footwall in the Jubilee Shear Zone, including as previously noted, a wide zone of gold mineralization intersected in the Minto B structure.

Drilling results to date support the potential for the Surluga Deposit to host a higher-grade gold resource, accessible using the existing underground developments of the Surluga Mine.

Recent drilling is also confirming that additional gold zones exist below the Jubilee Shear Zone (host of the Surluga Deposit) and that higher-grade mineralization can be found in those gold zones.

Since December 2014, Red Pine's exploration work has involved the ongoing sampling of 42,000 metres of historic core that was never sampled by previous operators.

To date, the company has completed over 59,000 metres of drilling and made four discoveries along the extension of the Surluga Deposit.

Red Pine has a 60% interest in the Wawa Gold Project with Citabar LP. 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.

The shares are trading at $0.06.

For more information, please visit the company’s website, www.redpineexp.com, contact Quentin Yarie, President & CEO at 416-364-7024, or email qyarie@redpineexp.com.

For Investor Relations, contact Mia Boiridy, at 416-364-7024, or email mboiridy@redpineexp.com.

I’m Megan Edwards for Investmentpitch Media