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Red Pine Exploration Outlines 2023 Drill Campaign Focusing on High Probability Resource Increase Targets
TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) outlines its planned 2023 explorati
About this update from Rpx Gold Inc.
[{"type":"text","content":" TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) outlines its planned 2023 exploration program. The anticipated program follows the success of our 2021-22 drill programs and will focus within and around the Surluga and Minto deposits areas. Specifically, those areas that have the greatest potential to increase the anticipated updated resource. Proposed exploration program for 2023 The Company will immediately increase drilling to include two drills on site with a proposed program averaging 3,600 to 4,400m of drilling per month. Based on the most recent financing, the program will consist of approximately 20,000m of diamond drilling that will focus on the targets which have the highest probability towards material progression of an updated resource. The updated resource is anticipated to be based on both a pit and underground constrained development scenario. 90% of the drilling will be allocated to Pit Constrained Exploration Targets located within and in the surroundings of the area as outlined on Figure 1 The balance of the drilling will be allocated to exploration targets outside the area outlined on Figure 1 or at vertical depths exceeding 500m The drilling program will represent a significant milestone for the Company in its work to update the mineral resource and provide a better understanding of the geological targets. This will serve to prove which gold zones have meaningful exploration potential with strong indications of size and continuity that should be added to an optimized mineral resource and to support an economical evaluation. Exploration targets that will be the focus of the 2023 drilling program: • ± 45% of the total meterage concurrently testing: the Minto B Shear Zone, the Minto C Shear System, the Minto Mine Shear Zone, strategic infill and verification drilling in the Jubilee Shear Zone, Old Tom Vein Network and untested areas of the Jubilee Shear Zone HW over the 65 zone; • ± 35% of the total meterage to test the HW of the Jubilee Shear Zone (Pit Constrained Exploration Target); • ± 20% testing the Surluga North Vein Network + the Surluga North Discovery in the Jubilee Shear Zone and strategic infill in the northern extension of the JSZ to convert the exploration targets in that area to mineral resource. Figure 1 - Exploration ta...