Business

Canadian Business Journal, 11.47 g / t gold over 2.73 meters in Naimans shear band

Toronto, March 16, 2022 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or “Company”) will be “Green Field” in Darwin in 2021 and 2022. Exploration has begun-The Gracemine area reveals a multidimensional network of mineralized shear zones, each of which may host a zone of gold mining.

Currently, the three major structures in the area can be identified as follows:

  • Grace Sheer Zone,
  • Naiman shear band,
  • And although it was newly discovered, it has not yet been named the shear band.

Visual indicators of gold mineralization of pyrite, arsenopyrite, or quartz veins containing visible gold have been observed at multiple intersections of the three shear bands and the Nyman shear band (Figure 2). The 11.47 g / t gold intersection over 2.73 meters in the Naimans shear band of DG-22-317 correlates with positive visual indicators and gold mineralization (other intersections / holes pending). We support this.

The discovery of gold mineralization 65 meters below the surface of the Naimans Shear Zone opened a major exploration target for the structure between the surface and the lower floors of the former Darwin Grace mine (Figure 1). The intersection of DG-22-317 is located at the end of the excavation in the Naimans shear zone area, supporting the hypothesis that gold mined in the lower layers of the former Darwin Grace mine can spread close to the surface.

“The Darwin Grace region has been the subject of our interest since the six holes were drilled in 2017. All holes are DG-17-56 holes, up to 57 g / over 2.34 meters. Intersects t shallow gold mining operations. To follow up on these successes, we have allocated a budget for part of this year’s Phase 1 exploration program. The Darwin Grace region hosts high-grade gold mining operations. The potential for this is well known, with historic operations in 1934 averaging 11 g / t (40 tonnes / day) and one vein averaging 571 ounces / ton from the 900-foot mark. “ – Quentin Yarie, President and CEO of RedPine Exploration.

shape 1 -Overview of diamond drilling in the Naimans shear band
https://www.globenewswire.com/NewsRoom/AttachmentNg/89a96376-af6d-4488-af47-6f1b04bf5482

The 11.47 g / t gold intersection over 2.73 meters at DG-22-317 in the Nyman Shear Zone (more than 3.5 km south of the Surluga deposit) is associated with two sets of quartz vein intersections. , Minor chalcopyrite and spotted visible gold (Fig. 2). The set of intersecting quartz veins supports the multidimensionality of mineralization in the Darwin-Grace region. In addition, the intersections between the set of veins form exploration targets that are likely to enhance mineralization.

shape 2 -Quartz veins of the Naimans shear band containing 11.47 g / t gold over 2.73 meters
https://www.globenewswire.com/NewsRoom/AttachmentNg/b067ded4-0caa-47d6-8e29-637723088baa

Table 1-Highlights of excavation in the Naiman shear band

hole from
(M)
To
(M)
length
(M) *
appear
gold
gold
(G / t)
zone
DG-22-317 76.67 79.4 2.73 Yes 11.47 Naiman shear band
include
77.62 78.57 0.95 Yes 11.81
78.57 79.4 0.83 Yes 23.80
* Assay results in the Nyman shear band are estimated to represent the entire core length and a true width of over 70%.

All drilling data for the Wawa Gold project, including color, surveys, and personalized analysis, is available on the RedPine website. https://www.redpineexp.com/projects-wawa

Quality Assurance / Quality Control (“QA / QC”) Measures

Drill core samples were shipped in security-sealed bags for analysis at Actlabs, Ancaster, Ontario. Individual samples were labeled, placed in a plastic sample bag and sealed. The group of samples was then shipped in a durable rice bag. The remaining coarse rejected portion of the sample remains preserved if further work or validation is required.

Red Pine has implemented a quality control program to comply with drill core sampling and analysis best practices. As part of the QA / QC program, Red Pine inserts an external gold standard (low to high grade) in addition to random standards, blanks, and duplicates and blanks every 20 samples.

Qualified person

Quentin Yarie, P. Geo. As defined in National Instrument 43-101, RedPine’s Chief Executive Officer and Qualified Persons have reviewed and approved the technical information in the news release.

COVID19 prevention

Red Pine has developed and implemented compliant precautions and procedures in accordance with Ontario guidelines. Protocols have been introduced to ensure the safety of employees and contractors, reducing the potential for community contact and virus spread.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. Our common stock is traded on the TSX Venture Exchange under the “RPX” symbol and on the OTCQB market under the “RDEXF” symbol.

The Wawa Gold Project is located in Michi Pico Ten Greenstone Belt, Ontario. The region has been heavily invested by multiple producers over the last five years. The land package has numerous historic gold mines, measuring over 6,900 hectares. Our Board of Directors Chairman is Paul Martin, former CEO of Detour Gold. The board has extensive and diverse experience with organizations such as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Red Pine, led by CEO Quentin Yarie, who has over 25 years of experience in mineral exploration, is strengthening its position. As a major mineral exploration and development player in the Michipicoten region.

For more information about our company, please visit the following website. www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

or

Tara Asfour, Investor Public Relations Manager, (514) 833-1957, tasfour@redpineexp.com

1 National Instrument 43-101 Wawa Gold Project Technical Report, Brian Thomas P. Geo. Golder Associates Ltd, report effective August 18, 2021.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

This news release contains forward-looking statements. In some cases, “may”, “should”, “expect”, “plan”, “expect”, “believe”, “estimate”, “predict”, “potential” You can identify forward-looking statements with terms such as “yes”. Or “continuation” or the denial of these or other equivalent terms. These statements are merely predictions and are known and unknown risks, uncertainties, and actual results, levels of activity, performance or outcomes of our company or our industry are future outcomes, levels of activity, performance or outcomes. It contains other factors that may cause substantially different causes or is implied by these forward-looking statements.

We believe that the assumptions and factors used in the preparation of information regarding the future outlook for this news release are reasonable, but are excessive for such information that applies only as of the date of this news release. You shouldn’t put your trust in it. We disclaim any intention or obligation to update or revise future outlook information as a result of new information, future events, etc., except as required by law.


CBJ News Maker

Canadian Business Journal, 11.47 g / t gold over 2.73 meters in Naimans shear band

Source link Canadian Business Journal, 11.47 g / t gold over 2.73 meters in Naimans shear band

Related Articles

Back to top button