Red Pine Exploration (TSXV:RPX) Reports Gold Mineralization Expansion at Wawa Gold Project, Intersects 3.80 g/t gold over 36.94m including 11.01 g/t gold over 5.60m

Red Pine Exploration (TSXV:RPX) shared new results from its ongoing exploration program. These results have demonstrated a significant expansion in the exploration potential at depth in the Jubilee Shear. The findings have broadened the known area of gold mineralization, filling in previously unexplored gaps within the existing Surluga resource.

Quentin Yarie, President and CEO of Red Pine Exploration commented in a press release: “The intersection of further continuous mineralization is a reminder of our continued positive results from our ongoing exploration program. As we expand our focus in the Jubilee Shear we remain on track for our revised resource in Q3 of 2024.”

Key discoveries include the intersection of notable gold mineralization in the Jubilee Shear, which lies outside the boundaries of the existing resource. One such intersection showed 3.80 grams per tonne (g/t) gold over a length of 36.94 meters. This included higher concentrations of 24.04 g/t gold over 1.71 meters and 46.9 g/t gold over 1.04 meters in drill hole SD-23-456. Further results revealed an extension of mineralization 370 meters down-dip from the existing resource and 400 meters north of the Surluga South discovery. In drill hole SD-23-448, gold was found at a rate of 5.33 g/t over 2.09 meters, approximately 80 meters north of another significant intersection in SD-23-455.

Additionally, the presence of a zone with significant gold mineralization has been supported at depth north of the Surluga South discovery. The findings also include an expansion of the mineralization footprint in the Minto B and Minto C Shear systems above the Jubilee Shear. Notable concentrations include 3.91 g/t gold over 3.90 meters in the Minto C Shear system (SD-23-452) and 1.27 g/t gold over 21.96 meters in a zone of Intrusion-Related Gold System (IRGS) mineralization within the Minto B Shear.

Regarding the ongoing exploration at the Wawa Gold Project, Red Pine is making progress in defining a new or revised resource. Currently, two drills are active on-site, producing about 3,750 meters of core per month. The drilling is focused on the hanging wall of the Jubilee Shear, covering the area of the 2019 resource. Efforts are also being made to explore gaps in the previous resource that were left unexamined.

The potential of finding significant mineralization in these previously unexplored areas has been confirmed by several noteworthy intersections. These include 9.57 g/t gold over 10.95 meters in SD-23-457, 8.01 g/t gold over 32.95 meters in SD-23-451, and 10.92 g/t gold over 28.05 meters in SD-23-442. Drilling is set to continue at the Wawa Gold Property through the summer and fall of 2024. Red Pine has a large number of samples from the exploration program awaiting analysis, with 5,711 samples currently pending assays.

Highlights from the results are as follows:

Table 1– Highlights from drilling in the Wawa Gold Corridor (Figure 1)

Assay results presented over core length. True width for the intersections varies between 50 to 95% depending on the intersected geological structure.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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