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Red Pine Exploration: Shallow High-Grade Gold Discovery in the Extension of the Sadowski Zone: 52.12 g/t Gold over 2.29 metres
TORONTO, May 16, 2022 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to report on new results
About this update from Rpx Gold Inc.
[{"type":"text","content":" TORONTO, May 16, 2022 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to report on new results from its 2022 Phase 1 exploration program. The exploration results continue to support the expansion of current resources and the potential for additional centres of mineralization within the Wawa Gold Project. HIGHLIGHTS High-grade assay results received from the 2022 drilling in the up-dip extension of the Sadowski zone: 52.12 g/t gold over 2.29 metres in SD-21-350 including 162.52 g/t gold over 0.30 metres and 145.20 g/t gold over 0.41 metres. 492 g/t silver over 0.90 metres in SD-21-309 Additional high-grade intersection in the down plunge extension of the Surluga deposit in the North, with the primary mineralization zone remaining open at depth and along strike. 8.44 g/t gold over 5.71 metres Confirmation of Company’s exploration strategy and targeting approach: surface mapping and orientated core measurements to refine targets, drilling to confirm gold mineralization. Strong endorsement of Phase 1 Exploration Plan and potential expansion later in 2022. Assay results from the current drill program are coming back on a more regular basis. Quentin Yarie, President, and Chief Executive Officer of Red Pine stated “The discovery of higher-grade gold intersections down plunge of the Surluga resource and the Sadowski Zone as well as the extension of the Jubilee shear > 2kms south of the Parkhill fault are causing a re-evaluation of the identified exploration targets noted a press release on March 2, 2018. At that time, we identified contained ounces in the combined exploration targets ranging from 0.725 M oz to 3 M oz between 4-10 g/t. With our current intersections and higher-grade discoveries in 2021 to now, it appears we were conservative on our grade range.” The reader is cautioned that the potential tonnages and grades of the exploration targets are conceptual in nature, that there has been insufficient exploration to increase the current mineral resources, and that it is uncertain if further exploration will result in any of the exploration targets being delineated as a mineral resource. The exploration targets are part of a coherent system – supporting the possibility that the Wawa Gold project contains a larger, higher-grade gold system; Discussion Surluga south...