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Augustine Ventures Announces High Grade Gold Bearing Tension Veins in the Hanging Wall of the Surluga Deposit
TORONTO, ON / ACCESSWIRE / November 29, 2016 / The Manager, Red Pine Exploration Inc. (TSXV:...
About this update from Rpx Gold Inc.
[{"type":"text","content":"Augustine Ventures Announces High Grade Gold Bearing Tension Veins in the Hanging Wall of the Surluga DepositTORONTO, ON / ACCESSWIRE / November 29, 2016 / The Manager, Red Pine Exploration Inc. (TSXV: RPX) (\"Red Pine\"), of the Joint Venture with Augustine Ventures Inc. (CSE: WAW) (\"Augustine\") and Citabar LLP has received results from prospecting and channel samples taken during its on-going mapping and trenching program at the Wawa Gold Project .\nHighlights from the trenching and mapping program include so far:\n\n The discovery of new high-grade quartz veins in the hanging wall of the Surluga Deposit which contain up to 64.9 g/t gold (Table 1 and Figure 1); \n Confirmation that gold mineralization extends to surface in the William Gold Zone - channel samples contain over 9 metres at 0.81 g/t gold (Table 2 and Figure 1);\n Confirmation that gold mineralization reaches surface in the Hornblende Shear Zone - channel samples contain over 6 metres at 0.8 g/t gold (Table 2 and Figure 1); \n\nQuentin Yarie, President and Chief Executive Officer of Red Pine states \"The identification of gold-bearing quartz veins in the hanging wall of the Surluga Deposit supports our working hypothesis that additional gold remains to be found in the immediate vicinity of the inferred resource. The measured steep dip for one of the high-grade veins also indicates that the historic surface holes, drilled vertically, had a low probability of intersecting those veins. We believe that this could be more common in the footwall and hanging wall than previously thought.\"\nBob Dodds, President & CEO of Augustine, states \"We are very pleased that the exploration results continue to validate our understanding of the geological model. These results also help validate our belief that gold can be identified in the pit shell in our current drill program (see press releases of November 16 and November 22, 2016) which would serve to reduce the strip ratio and positively affect the economics of a potential mine on this property\" \nImage: https://www.accesswire.com/uploads/AUGUSTINEresize.jpg \nFigure 1 - Overview of trenching and mapping results\nTo view an enhanced version of this map, please visit: [https://www.accesswire.com/uploads/AUGUSTINEresize.jpg]\nGold mineralization in the hanging wall\nThe Jubilee Shear Zone currently hosts the Surluga Deposit...