Red Pine Exploration

Published : September 01st, 2011

Drill Results and Exploration Update

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Keywords :   Canada | Diamond | Gold | K Street |

News Release

Red Pine Drill Results and Exploration Update

September 1, 2011

TORONTO, ON - Red Pine Exploration Inc. (�Red Pine� or the �Company�) (TSX-V: RPX) is pleased to provide assays from drill holes targeting gold mineralization on its Saracourt Property west of Timmins, Ontario.. The program consisted of 2,067.5 meters of drilling over 9 Diamond drill holes. Highlights of mineralized intercepts are provided in the table below:

Drill Hole

Zone

From (m)

To (m)

Interval (m)

Au (g/t)

RPX11-07

Michelle

171..58

177

6.77

1.57

(including)

Michelle

171..58

173

1.42

4.57

(Including)

Michelle

176

177

1

2.71

RPX11-07

Michelle

192..7

197

4.3

0.96

RPX11-07

Michelle

208

210

2

2.46

RPX11-07

Michelle

143

144..15

1.15

1.37

RPX11-09

Michelle Extension

186..5

188

1.5

1.38

RPX11-01

Mortimer

146

147

1

1.065

RPX11-01

Mortimer

161..37

165..27

3.9

0.685

(Including)

Mortimer

164..97

165..27

0.3

4.98

RPX11-04

Mortimer

32.63

34

1.37

3.26

RPX11-05

Mortimer

61.5

64.5

3

1.29

RPX11-05

Mortimer

171

172..5

1.5

0.643

The gold intersection in RPX11-07 confirms the eastward extension of the Michelle zone by approximately 100m as shown below.

michelle_zone_110823

The mineralization intersected in Diamond drill holes confirms the association of gold with sulphidic horizons within the Property. The Company is currently following-up the drill program with a regional till sampling programThe company has assembled a land package with a number of opportunities to host large gold bearing systems:

Till sampling on Saracourt, Butler-Yarie, and Ava Claire properties

Red Pine is currently conducting a till sampling program over the Saracourt, Butler-Yarie, and Ava-Claire properties where the percentage of outcrops is generally less than 10%. This means that over 90% of the areas have never been prospected due to the lack of outcrop. In addition, a higher density of till samples will be collected in the proximity of documented gold zones to evaluate the possibility of having parallel or stacked zones that might be more important than the known zones.

Recent structural interpretations suggest that the structural setting on all 3 properties is highly favourable for gold mineralization. The objective of this sampling program is to evaluate the presence of additional gold zones under the extensive till cover where favourable structures are interpreted. The results of the till sampling program will then be combined with the detailed geophysical surveys available and the structural interpretations completed for those areas to generate exploration and drill targets..

Costello Property Examination

The Costello Property was recently visited by Jean-Philippe Desrochers, P.Geo.; The Costello Property is located along the Bristol fault, a splay of the Destor Porcupine Deformation Corridor, and is underlain by strongly deformed sedimentary rock units of the Porcupine Group. Limited exploration work has been conducted on the property despite the presence of gold bearing quartz veins, and its close proximity to Lakeshore�s Timmins mine (893,000 ounces) and Thunder Creek/Rusk Zone.

probe_costello_mag_110831

Red Pine is currently compiling all the available data and is processing the magnetic data through inversion in order to identify structural settings where gold might be concentrated. The areas of interest would specifically be:

  1. Contact between the sedimentary rocks and the volcanic rocks

  2. Porphyry zones

  3. Gold-bearing shear zones

About The SaraCourt Property

The SaraCourt Property is a regional land package of contiguous, high-potential gold properties totalling approximately 28,000 hectares of patented and unpatented mining lands. Located in and along the newly defined DZ3 Gold Deformation Corridor, the Property holds a series of deformation zones and regional fault branches that host abundant gold showings and join the Destor-Porcupine Deformation Zone to the northeast, and join to the western extension of the Larder Lake Deformation Zone fault that branches to the southwest. The Destor-Porcupine Fault Zone is spatially associated with gold deposits in the Timmins-Porcupine Gold Camp that have produced more than 65 million ounces gold to date.

Kirk McKinnon, President and CEO stated �Red Pine�s SaraCourt Property has anomalous gold in a number of areas encompassing various geologic settings. We are now actively exploring West of the growing gold camp of Trelawney Mining and Augen Gold. It should be noted that for years the Swayze belt did not give up much in the way of exploration success � however the image of the Swayze has been changes with the success of Trelawney and Augen to the East and Probe Mines to the West of the SaraCourt and Ava-Claire properties�.

Ava-Claire Property

The Ava-Claire property is set in a similar environment as Probe Mines� Bordan Lake discovery. Our geologic interpretation of the data available to date indicates the extension of the �Borden Lake Belt� as identified by Probe Mines through the center of Ava-Claire. The current till sampling program is designed to identify favourable locations for further exploration.

ava_claire_probe

Quentin Yarie, P.Geo, Senior Vice President of Exploration is the qualified person for the technical data contained within this report

For further information please contact:

Brent Nykoliation, Vice President of Business Development

(416) 364-7024, (416) 364-2753 (FAX)

bnykoliation@redpineexp.com;

or Kirk McKinnon, President & CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as �may�, �should�, �expects�, �plans�, �anticipates�, �believes�, �estimates�, �predicts�, �potential� or �continue� or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry�s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Cautionary Statement: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Red Pine Exploration Inc | 141 Adelaide Street West | Suite 520 | Toronto | Ontario | M5H 3L5 | Canada

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Red Pine Exploration

EXPLORATION STAGE
CODE : RPX.V
ISIN : CA75686Y1088
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Red Pine is a gold and nickel exploration company based in Canada.

Its main exploration properties are ABITIBI WEST, MOFFATT, MT LOGANO and SARACOURT in Canada.

Red Pine is listed in Canada. Its market capitalisation is CA$ 49.7 millions as of today (US$ 36.2 millions, € 34.0 millions).

Its stock quote reached its lowest recent point on December 26, 2008 at CA$ 0.01, and its highest recent level on March 26, 2021 at CA$ 0.85.

Red Pine has 261 799 984 shares outstanding.

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