Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) has reported new results from its 2022 exploration program at the Wawa Gold Project in Ontario, with the drilling continuing to expand the footprint of mineralization outside the current resource of the Surluga Deposit and quantify additional exploration targets on the property.
In a statement, Quentin Yarie, president and CEO of Red Pine Exploration, commented: "As we have always theorized, and part of our decision to acquire 100% of the Wawa Gold Project, was that gold mineralization is pervasive throughout the structures within the intrusive complex. The recent drill results represent an important step forward in our progress of expanding the current resource of the Surluga Deposit."
He added: "These results of high-grade gold mineralization extending far beyond the current footprints of the existing resources add credence to our theory. Results to date support our view that there is a large, continuous corridor of mineralization hosting multiple centres of mineralization/deposits that extend over at least 6 kilometres (km) in strike length and we are showing that they have continuity."
READ: Red Pine continues to intersect high-grade gold at Minto Mine South Deposit
Drilling highlights:
Surluga North
- High-grade mineralization occurs up to 325 metres (m) away from the current resource boundary in the Surluga North area with the zone open down-dip and longitudinally north and south
- Intersection of 11.06 grams per ton (g/t) gold over 4.00m, including 20.80 g/t gold over 2.00m, in the Surluga North discovery
Surluga South
- New and shallow network of mineralized quartz veins discovered in SD-22-379A with visible gold observed in two separate veins (assay pending)
- Observation of visible gold in a quartz vein in the Jubilee Shear Zone in SD-22-379A that is located at the outer edge of the Surluga South discovery indicating that the mineralization in the Jubilee sheer zone (JSZ) continues to depth (assays pending)
Jubilee Shear Zone south of the Parkhill Fault
- 2022 drilling confirmed the JSZ over an additional strike length of 1.8 km - for a total of more than 6 km of the gold-bearing structure.
- Discovery of 42.95 g/t Au over 1.92m including 85.72 g/t over 0.96m, in the Jubilee Shear Zone south of the Parkhill Fault in JS-22-368
- Gold mineralization in JS-22-387 in the Jubilee Shear Zone located 1.2 km north of JS-22-368.
In the Jubilee Shear Zone North discovery area, the company said drilling from phase 1 continues to expand the footprints of the significant mineralization discovered in the area. Gold mineralization of significance can be traced 270m down-dip of the boundary of the current resource.
With an intersection of 11.06 g/t gold over 4.00 meters in hole SD-22-361, the Surluga North discovery remains open at depth. Visible gold was observed in holes SD-22-345, SD-22-380 (assays pending), and SD-22-385 whereas strong quartz veining and sulfide mineralization were observed in holes SD-22-357 and SD-22-363. Phase 1 drilling in the Surluga North area continues to expand the footprint of the Surluga North Vein Network that is overlying the Jubilee Shear Zone. Hole SD-22-350 intersected the outer edge of the Surluga South discovery, explaining weaker gold mineralization in the Jubilee Shear Zone.
Red Pine said its drilling confirmed the presence of high-grade gold mineralization in the Jubilee Shear Zone south of the Parkhill fault. Gold mineralization has also been intersected in hole JS-22-387 which is located 1.2 km north of the high-grade intersection in JS-22-368 (JS-22-368 and JS-22-387). Phase 1 of its 2022 drilling program has now demonstrated the continuity of the Jubilee Shear Zone south of the Parkhill Fault over 1.8 km and the structure is mineralized, with the shear zone remaining open to the south.
Red Pine Exploration is a gold exploration company headquartered in Toronto, Ontario, Canada. The company's Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size.
Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.
Contact the author at jon.hopkins@proactiveinvestors.com