VANCOUVER - Red Pine Exploration Inc. [RPX-TSXV: RDEXF-OTCQB] reported new drilling results from its continuing exploration program at the Wawa gold project, Ontario. The new results extend gold mineralization of significance in the footwall of the Jubilee shear as a direct follow-up on hole SD-23-430, which intersected 1.33 g/t gold over 100.99 metres.
Testing of the Wawa gold corridor west of the Jubilee shear: The company drilled 5.10 g/t gold over 19.76 metres within 1.94 g/t gold over 78.9 metres in the Core Shack vein network in SD-23-446.
Close-to-surface, high-grade gold mineralization intersected in both SD-23-430 and SD-23-446 is associated with the Core Shack vein network.
The Core Shack vein network comprises multidirectional and extensional quartz-tourmaline veins emplaced in the intrusive rocks of the Jubilee stock. The veins postdate the intense event of tectonic deformation associated with the formation of the Jubilee shear.
Quentin Yarie, president and CEO, commented: "The footprint of a new resource contained within a shallow optimized open pit and encompassing our existing resource continues to take shape. Long intersections of gold in the hanging[wall] and footwall will substantially affect a strip ratio in a positive direction. We currently have two drills on the property producing over 4,000 metres of core per month, which is exceeding our planned drill production. We currently have over 2,600 assays pending."
Assay results are presented over core length. True width for the different veins intersected in both vein networks is estimated to vary between 35% to 95%, depending on the angle of the intersected vein. The larger envelope of the vein network is discordant to the angle of the individual veins forming the networks.
The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the past five years. Its land package hosts numerous historical gold mines and is over 6,900 hectares in size.