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Red Pine Samples 33.6 g/t Gold Over 1.4 Metres at the Cooper Structure at its Wawa Gold Project
TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces results from its 2019 channel sampling
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[{"type":"text","content":" TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) (\"Red Pine\" or the \"Company\") announces results from its 2019 channel sampling program in the Cooper Shear Zone that was completed last month. The Cooper Shear Zone is part of the Cooper Deformation Corridor, located 1 kilometre east of the Surluga Deposit and 2.8 kilometres northeast of the Minto Mine South Deposit. The Company issued a new resource estimate for the two deposits last month (National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019). The Surluga Deposit has an indicated resource of 205,000 ounces gold grading 5.31 g/t gold and an inferred resource of 396,000 ounces grading 5.22 g/t gold. The Minto Mine South Deposit has an indicated resource of 25,000 ounces gold grading 7.5 g/t and an inferred resource of 75,000 ounces gold grading 6.6 g/t gold. The Cooper Mine ceased production in 1938, and milled just over 4,400 tonnes at an average grade of 11.4 g/t gold. Geologically, the mineralized gold structures of the Cooper Deformation Corridor are similar to the Minto Mine South Structure that hosts the Minto Mine South Deposit. Channel sampling highlights (Figure 1; Tables 1 and 2): The mineralized strike length of the Cooper Shear Zone extends for at least 700 metres; High-grade gold occurs within the Cooper Shear Zone over a strike length of 560 metres:• Channel sample CG-1-2 contains 33.6 g/t gold over 1.4 metres;• Channel sample CG-1-1 contains 26.9 g/t gold over 0.5 metres, and• Channel sample Cooper 3-1 contains 9.6 g/t gold over 5.4 metres including 34.1 g/t gold over 1.05 metres;• Channel sample Cooper-5b-2 contains 14.1 g/t gold over 1.4 metres. Red Pine discovered an additional two (2) shear zones parallel to the Cooper Shear Zone that contain high-grade gold mineralization Channel sample Cooper-11-2 in Cooper 11 Shear Zone contains 12.8 g/t gold over 0.4 metres; and Channel sample Ganley-1-2 in Ganley Shear Zone contains 6.3 g/t gold over 1.1 metres. Quentin Yarie, President and Chief Executive Officer of Red Pine, stated, \"The results of our channel sampling program have exceeded our expectations as it shows that high-grade gold exists over a strike length exceeding 550 metres in the Cooper Shear Zone. In addition, we identi...