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InvestmentPitch Media Video Discusses Red Pine Exploration's Announcement of a New Mineral Resource Estimate for the Surluga Gold Deposit at its Wawa Gold Project in Ontario - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2019) - Red Pine Exploration (TSXV: RP...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses Red Pine Exploration's Announcement of a New Mineral Resource Estimate for the Surluga Gold Deposit at its Wawa Gold Project in Ontario - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - June 14, 2019) - Red Pine Exploration (TSXV: RPX) has updated their previous NI 43-101 resource estimate filed in 2015 for the Surluga Deposit at their Wawa Gold Project in Northern Ontario. The new resource estimate was evaluated for a higher-grade underground mining scenario versus the previously reported lower-grade open pit model with grades increasing from an inferred 1.71 grams per tonne gold in 2015, to 5.31 grams per tonne indicated and 5.22 grams per tonne inferred in the updated estimate. The new NI 43-101 also states that 95% of the contained gold ounces of both the Surluga and the adjacent Minto Mine South deposits are located from surface to 350 meters depth and both are open at depth and all directions.For more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Red Pine\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/The Wawa gold project comprises a large, 6,519-hectare property located 2 kilometers outside the town of Wawa in the prolific gold mining area in Northern Ontario, home to several of Canada's largest current and past producing gold mines.The new resource estimate for the Surluga Deposit now stands at 205,000 ounces gold Indicated - from 1,202,000 tonnes at 5.31 grams per tonne, and 396,000 ounces Inferred - from 2,362,000 tonnes at 5.22 grams per tonne. Both reported at a 2.7 grams per tonne cut-off. The previous 43-101 from 2015 was an Inferred Resource of 19,820,000 tonnes at 1.71 grams per tonne at a 0.4 grams per tonne cut-off. The new resource model represents a significant increase in grade, quality and continuity of the gold zones at Surluga as high-grade, underground mining model. The new 43-101 technical report conducted by Golder Associates includes both resource estimates identified to date on the Wawa Gold Project, the updated Surluga and the previously announced Minto Mine South resource estimates. The two deposits together are estimated to c...