Red Pine Exploration

Published : December 16th, 2014

Red Pine Exploration Announces Staking of Additional Claims and Proposed Work Program for Québec Silica Property

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Keywords :   Canada | Gold | Lithium | Silica |

Red Pine Exploration Announces Staking of Additional Claims and Proposed Work Program for Québec Silica Property

Toronto, Ontario - December 16, 2014 - Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces that it has staked an additional 32 claims totaling 1,872 hectares adjacent to the Kipawa Silica Property (the "Kipawa Property") located approximately 15 kilometers east of Temiscaming, Québec. Based on the Company's due diligence and ongoing research, it was determined that the quartzite unit extends beyond the boundaries of the original Kipawa land acquisition and the new claims cover these extensions.

The Company will proceed with an exploration program on the Kipawa property that includes:

  • Ground geophysical survey to map the shape and extents of the quartzite unit
  • Systematic surface sampling program over the entire quartzite unit
  • Geochemical and processing analysis of the samples to assess the quality of the quartzite

The geophysical work will consist of a ground magnetics survey to map the geology and lithology over the claim blocks. Since this work is more easily completed once the ground has frozen, we anticipate that the work program will begin early January 2015.

Kipawa Silica Project

The Kipawa Property consists of 68 claims totaling 4,012 hectares in the Gendreau, Campeau and Reclus townships of Québec. The total land package in the area now consists of 98 claims totaling 5,884 hectares. The quartzite unit is part of the Kipawa Formation and covers an area over the claim blocks of approximately 1.9 square kilometres. The quartzite unit within the Kipawa Property has the potential to contain high silica content with minimal impurities, typically less than 1%. This purity of silica is considered a premium product as it can be used in the production of such items as semi-conductors, LCD displays and Silicone-Anode Lithium Batteries

Qualified Person

Quentin Yarie, P.Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release and is responsible for overseeing all aspects of the company's exploration programs.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

For more information about the Company visit www.redpineexp.com

Or contact:  

Quentin Yarie, President  & COO, (416) 364-7024, [email protected]This email address is being protected from spambots. You need JavaScript enabled to view it.

Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]This email address is being protected from spambots. You need JavaScript enabled to view it.

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

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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$ 141.4 millions as of today (US$ 110.1 millions, € 97.4 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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