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Red Pine Exploration Shares Geophysical Interpretation of Intrusive Related Gold System
TORONTO, June 15, 2023 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) reports that a transient magnetotel
About this update from Rpx Gold Inc.
[{"type":"text","content":" TORONTO, June 15, 2023 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) reports that a transient magnetotelluric (“MT’’) survey that was conducted for Red Pine in May 2017 on the Surluga project has been reinterpreted. One-hundred and thirty-seven stations were collected with a station and line spacing of 300 metres. In 2017 a three-dimensional inversion of the phase-tensor, tipper and horizontal magnetic transfer function was performed and recently the results have been further refined and interpreted. The 3D inversion clearly shows that the Jubilee Stock is a large intrusive complex that is now known to host an intrusion-related gold system. This interpretation is supported by inversions of not only the Mt survey, but airborne time domain electromagnetics (EM) (VTEM), airborne magnetics (Hogg), drilling results, geochemistry, and surface mapping. Historical work from the OGS indicate that the Jubilee Stock is a shallow-level subvolcanic intrusion (Ontario Geological Survey Open File Report 5586), a critical ingredient for the formation of intrusion-related gold mineralization. Highlights – Geophysics Interpretation (Figure 1) Large intrusive complex mapped; >7km strike X >5km and run over 3km deep. Demagnetization zones identified along structural corridors like the Jubilee sheer. Multiple areas of interest identified with significant discovery potential. Provides direction for current drill program in identifying the Intrusion Related Gold System ‘’IRGS”. Illustrates the extension of the Jubilee and Hornblende shear to depths >1.5km The correlation of the magnetic 3d inversion (for ease anti correlation shown – blue) adds significant credence to the revised interpretation. The interpreted intrusion is shown in orange and color varies with changes in the resistivity. Figure 2 clearly illustrates how the magnetic low wraps around the interpreted intrusive complex. Figure 3 displays the overprint of the Jubilee and Minto shear within the IRGS. The “hole” within the IRGS is a result of the late fluid movement associated with the alteration system resulting in the Surluga and Minto resources respectively. Figure 4 is a cross section view looking North with both the interpreted Surluga and Hornblende shear zones clearly being overprinted with the intrusive complex....