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Red Pine Exploration Inc. Receives Results of Gravity Survey and Identifies Jubilee Stock Extension
TORONTO, May 16, 2019 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces that a ground gravity survey, completed
About this update from Rpx Gold Inc.
[{"type":"text","content":" TORONTO, May 16, 2019 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) (\"Red Pine\" or the \"Company\") announces that a ground gravity survey, completed in March 2019, has confirmed the extension of the Jubilee Stock to the SW, where historic mapping previously defined its boundaries. The Jubilee Stock is host to the Surluga Deposit1, one of two deposits currently identified on the Wawa Gold Project. This extension opens new areas for gold exploration on the property. Quentin Yarie. Red Pine’s President and CEO stated “Since we started working on this project in late 2014, we’ve made numerous discoveries throughout the ‘Wawa Gold Corridor’; a gold mineralization zone that extends for more than 5 kilometres on the property. This survey identifies continuity of the corridor further to the south. The potential of the Wawa Gold Project keeps growing and we are on track to deliver a revised NI 43-101 resource for the Surluga Deposit at the end of this quarter.” About the Gravity SurveyThe gravity survey was undertaken to delineate prospective targets for gold mineralization and to trace the southern extension of the Jubilee Stock. 143 gravity readings divided into two NW-SE profiles and spaced every 50 metres were measured. The gravity data were reduced to the sea-level datum by standard reductions (Tide, drift, height, temperature, pressure, tilt, free air, buguer and terrain corrections) using a bouguer density of 2.75 g/cm3 to reflect the diorite to granodiorite rocks that constitute the Jubilee Stock. The ground gravity survey was conducted along two traverses (L 4+00N and L 5+00N) oriented NW-SE and 2.7 kilometres apart. Line 4+00N crossed perpendicular to the Jubilee Stock at the Jubilee Gold Mine, while line 5+00N passed south of the historical workings (Figure 1). Results of Gravity SurveyThe gravity survey successfully detected both the Jubilee and Hornblende Shear Zones. Based on this association, it also detected other possible shear zones that are the most favourable host rock for gold mineralization on the Wawa Gold Project. The gravity method mapped the Jubilee Stock by negative residual responses and confirmed the extension of the Jubilee Stock to the SW of where historic mapping defined its boundary. The direct association between the zone(s) of gold mineralization identified on the...