Red Pine Exploration (TSXV:RPX) Reports New Drill Results Intersecting 1.65 g/t gold over 29.17m including 6.64 g/t gold over 5.87m at Surluga Deposit

Red Pine Exploration (TSXV:RPX) has reported new drill results from the ongoing exploration program at the Surluga Deposit, demonstrating the pervasiveness of gold mineralization at over bread areas. This includes intersections in the hanging wall of the Jubilee Shear Zone, Minto B/Jubilee Triangle, and Minto C Shear System located east of the Minto B Shear Zone. 

Source: Red Pine Exploration

The company’s latest news builds on previous results from the exploration program at the Surluga resource, with further identification of new mineralization structures in the Nyman-Grace mineralized system setting new targets for the program. 

Quentin Yarie, President and CEO of Red Pine Exploration commented in a press release: “As we begin our 2023 program focused on resource growth, we continue to evaluate the potential of a hybrid open pit/underground constrained resource (Press release December 06, 2022). In the attached cross section, the continuity of gold mineralization within the Jubilee shear is apparent at lower cut-offs that may be conducive to a shallow open pit with a potential of adding tonnage and ounces to the existing Surluga deposit. Our focus for 2023/24 remains to be an increase in the resource(s) on the Wawa Gold Project.”

Highlights from the results are as follows:

  • Significant intersections in the Minto B/Jubilee Triangle (Figure 1) confirm the presence and continuity of gold mineralization in the area where the two structures Minto B and Jubilee shear are converging.
    • 0.83 g/t gold over 72.06m in SD-22-404 (Figure 2)
      • Includes 1.65 g/t gold over 29.17m including 6.64 g/t gold over 5.87m in the Minto B Shear Zone
    • 0.66 g/t gold over 128.85 m in SD-22-417 (Figure 3)
      • Includes 3.28 g/t gold over 8.44m in the Jubilee Shear Zone

Several shallow mineralized intersections in the Minto C Shear System located east of the Minto B Shear Zone.

  • Includes 1.75 g/t gold over 8.26m including 10.9 g/t over 1.05 m in SD-22-404
  • Extension of the Surluga North Vein Network 105 m east of the intersection in SD-22-396 in SD-22-405
    • Includes 2.56 g/t gold over 1m in SD-22-405 and 4.3 g/t gold over 1.48m in SD-22-403
  • Gold mineralization is proven to extend 450m down-dip of the resource boundary in the Surluga North area at the northern limit of the current Surluga resource.
  • Multiple mineralized intersections in the Jubilee Shear system south of the Parkhill Fault
    • Includes the intersection of 5.81 g/t gold over 1.49 m in JS-22-398
    • Support the persistence of gold mineralization in that underexplored segment of the Jubilee shear system
  • Identification of new mineralized structures in the Nyman-Grace mineralized system.
    • New results indicate the persistence of the Grace Shear Zone beyond the area where it was mined in the early 20th century.
    • New mineralized structures discovered in DG-22-338 north of the Grace Shear Zone
Source: Red Pine Exploration
Source: Red Pine Exploration

Table 1– Highlights from drilling in the Wawa Gold Corridor (Figure 1)

Hole From (m) To Length (m)* Visible Gold Gold (g/t) Zone
(m)
SD-22-404 19.59 21 1.41   0.68 Minto C Shear System
40.44 48.7 8.26   1.75 Minto C Shear System
Including
47.65 48.7 1.05   10.9
164 168.36 4.36   0.41 Shear Zone
210.47 282.53 72.06   0.83 Minto B/Jubilee Triangle
Including Minto B/Jubilee Triangle – Minto B Shear Zone
209.43 238.6 29.17   1.65
That includes
230.57 231.57 1   14.13
233.5 236.44 2.94   7.85
Including Minto B/Jubilee Triangle – Jubilee Shear Zone
273.43 282.53 9.1   1.37
which includes
274.46 276.46 2   3.8
307.37 309.51 2.14   1.14
340.2 341.55 1.35   0.69 Shear Zone
356.3 358.76 2.46   0.61 Shear Zone
SD-22-417 67.41 73.44 6.03   1.03 Minto C Shear System
192.32 322.17 128.85   0.66 Minto B/Jubilee Triangle
Including Minto B/Jubilee Triangle – Minto B Shear Zone
197.57 197.42 0.85   3.75
205.36 206.54 1.18   3.47
263.2 264.2 1   4.03 Minto B/Jubilee Triangle – Jubilee Shear Zone
270.56 279 8.44   3.28
which includes
277 279 2   6.45
316.8 317.8 1 VG 13
347.2 348.5 1.3   1.13 Shear Zone
SD-22-405 183.29 184.29 1   0.72 Surluga North Vein Network
196.36 197.36 1   0.48
200.36 217.4 17.04   0.33
Including
200.36 201.86 1.5   1.74
214.4 217.4 3   0.8
228 229 1   2.56
SD-22-402 57.47 58.97 1.5   0.6 Minto C Shear System
180.29 181.35 1.06   0.41 Minto B Shear Zone
190.59 194.82 4.23   0.41
275.98 307.1 31.12 VG 0.66 Jubilee Shear Zone – gap in 2 g/t envelope of 2019 resource
Including
275.98 277.15 1.17 VG 2.02
285.8 288.03 2.23   2.14
306.15 307.1 0.95   2.96
SD-22-403 208.47 209.95 1.48   4.3 Surluga North Vein Network
344.69 347.31 2.62   1.7 Surluga North Vein Network
418.87 423.19 4.32   1.17 Jubilee Shear Zone – Surluga North area
SD-22-357 176.34 179.93 3.59   0.8 Surluga North Vein Network
256.5 257.26 0.76   1.54
SD-22-401 386.05 389.6 3.55   0.78 Jubilee Shear Zone – Surluga North area
400 401.2 1.2   0.49
SD-22-407 42.7 51.58 8.88   0.97 Minto C Shear System
Including
42.7 43.62 0.92   3.57
49 49.82 0.82   5.72
Jubilee and Minto Stockwork
SD-22-360 16.18 16.82 0.64   5.95 Minto Stockwork/Sadowski Vein System
SD-22-342 638.21 639.42 1.21   1.31 Jubilee Shear Zone – Northern extension the Surluga South zone
  710.37 712.37 2   0.88
Darwin-Grace and Jubilee South of the Parkhill Fault
DG-22-338 161.47 162.83 1.36   0.76 Shear Zone – Discoveries
189.86 191 1.14   2.43
198.75 199.87 1.12   2.42
222.11 223.17 1.06   1.58
302.45 303.45 1   1.34 Grace Shear Zone
DG-22-351 99.27 100.27 1   2.05 Nyman Shear Zone
JS-22-356 242.55 243.55 1   2.55 Jubilee Shear System south of the Parkhill Fault
JS-22-369 238.89 241.06 2.17   0.5 Jubilee Shear System south of the Parkhill Fault
245.3 246.29 0.99   0.43
312.23 317.68 5.45   0.46
JS-22-398 30.85 32.35 1.5   0.5 Jubilee Shear System south of the Parkhill Fault
48.35 49.8 1.45   1.38
171.05 171.97 0.92   0.65
194.11 195.6 1.49   5.81
223.29 224.46 1.17   0.59

Assay results presented over core length. True width for the intersections varies between 35 to 90% depending on the intersected geological structure

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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