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Red Pine Exploration discovers additional high-grade veins on surface north of the Jubilee Deposit, Wawa Gold Project
TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce the initial
About this update from Rpx Gold Inc.
[{"type":"text","content":" TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce the initial results of its 2024 prospecting program on the Wawa Gold Project, Ontario. To expand and refine its pipeline of exploration targets, Red Pine initiated a property-wide prospecting program in July targeting new areas where historical mapping or prospecting had indicated a potential for gold mineralization. This press release reports new exploration and assay results from prospecting for the Cooper Area, located north of the Jubilee Shear and the current Mineral Resource estimate (“MRE”) described in National Instrument 43-101 Technical Report dated September 30, 2024 (with a resource effective date of August 28, 2024) entitled “National Instrument 43-101 Technical Report for the Wawa Gold Project”. Initial results from 105 prospecting samples in the Cooper Area have identified a network of extensional and shear-hosted quartz veins, oriented NW to NNW, with indications of high-grade gold mineralization that are connected to the Cooper Shear, host to the past producing Cooper Mine. The extensional shear zones discovered represent potentially significant exploration targets similar to the Minto Deposit located at the south end of the Jubilee Deposit. Highlights of Prospecting Results* (Table 1, Figures 1-2): Discovery of the bismuth (“Bi”) rich Shear with grab samples up to 16.80 grams per tonne (“g/t”). Discovery of gold mineralization 1.75 kilometres (“km”) north of the Cooper Mine near the Wawa Goldfield South Zone showing – 2024 grab samples up to 21.20 g/t gold. Additional sampling of the Cooper 11 Shear (originally discovered in 2019) with recent grab samples up to 47.80 g/t gold. Resampling of the Mackey Point showing (historically known) – 2024 grab samples up to 7.65 g/t gold. Additional sampling of the Cooper Shear (host to the historical Cooper Mine) with new grab samples up to 75.90 g/t gold. The new discoveries have been discovered proximal to the historic Ganley Shear and Y106 Shear with grab samples up to 8.09 g/t gold. *The reader is cautioned that grab samples are selective by nature and that the assay results from grab samples are not representative of the actual gold grade of the mineralized zones. - Michael Michaud, President and CEO of Red Pine commented...