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Red Pine Commences 2020 Program to Confirm Surluga Mineralization Extends Along Strike and at Depth
TORONTO, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces that it has launched its 2020 drilling
About this update from Rpx Gold Inc.
[{"type":"text","content":" TORONTO, Feb. 05, 2020 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) (\"Red Pine\" or the \"Company\") announces that it has launched its 2020 drilling program at its Wawa Gold Project, located 2 kilometres southeast of Wawa, Ontario. The 2020 drilling program is designed to: 1) expand gold mineralization in the down-dip and down-plunge extensions of the Surluga Deposit in the Jubilee Shear Zone beyond the footprint of the current resource, 2) expand gold mineralization in the Hornblende Shear Zone, adjoining and parallel to Surluga and 3) test the Jubilee Shear Zone extension south of the Parkhill Fault (see Figure 1). Quentin Yarie, President and Chief Executive Officer of Red Pine stated, \"Our aim in 2020 will be to prove the extension of the Surluga Resource by proving its continuity at depth, expanding it laterally beyond the current footprint, and tying in newly discovered zones of gold mineralization. Since 2014, our exploration program has been focused on developing the Surluga Deposit and expanding the resource at the Wawa Gold Project. Thanks to aggressive drilling campaigns, we transformed the historic, low-grade resource on the property to a high-grade underground deposit. We now sit at 700,000 oz gold, both indicated and inferred for the combined Surluga Deposit and the Minto Mine South Deposit (a Red Pine discovery) at an average grade of more than 5 g/t1. Alamos’ strategic investment and commitment to support Red Pine’s continued development at the Wawa Gold project is a testament to our work and the tremendous potential ahead.” Highlights from 2019 Alamos Gold becomes a Strategic Investor Red Pine increases its ownership of the Wawa Gold Project to 64.5% Red Pine issues an updated gold resource for the Wawa Gold Project ° 1,307,000 tonnes @ 5.47 g/t gold for 230,000 ounces in the indicated category° 2,716,000 tonnes @ 5.39 g/t gold for 471,000 ounces in the inferred category Red Pine makes several discoveries in the Wawa Gold Corridor: ° New high-grade zones discovered in the Surluga Deposit that include 3.7 g/t gold over 34.6 metres (true width) in SD-18-243A and 10.6 g/t gold over 12.7 metres in SD-18-255° New structure containing 2 g/t gold over 11.28 metres, including 6.13 g/t gold over 3.15 metres discovered east of the Jubilee Shear Zone° New structure containing 4.7...