Red Pine Exploration

Published : July 31st, 2014

Red Pine Exploration Completes Third Round of Drilling at Cayenne

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Copper | Diamond | Gold | Lead | Silver | Storage | Zinc |

Red Pine Exploration Completes Third Round of Drilling at Cayenne

TORONTO, ONTARIO--(Marketwired - Jul 31, 2014) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") has completed its spring drilling program at its Cayenne Property located 110 kilometres southwest of Timmins, Ontario. A total of 11 exploration holes (CC14-14 through CC14-24) were completed in May and June 2014. With the exception of one drill hole, no significant zones of mineralization were intersected and consequently, the Company has paused exploration on the Cayenne property pending a full review of all available data. Red Pine is currently evaluating several properties that present the opportunity to add value for our shareholders. An update on the remaining 2014 exploration activities will be provided shortly.

Cayenne Spring Drilling Program Update

Eleven exploration holes were drilled to test high priority geochemical and geophysical targets. All drill holes intersected sulphide rich materials with anomalous zinc ("Zn") and lead ("Pb") values. Highlights from the drill program are presented below.

Drill Hole From (m) To (m) Length*
(m)
Silver
(Ag)
g/t
Copper
(Cu)
%
Lead (Pb)
%
Zinc
(Zn)
%
CC14-19 172 178 6 4.51 0.22 2.34 2.84
CC14-20 45.53 55.1 9.57 3.85 0.10 1.83 2.74
CC14-24 81 100 19 9.12 0.21 1.66 2.91
Including 81 86 5 13.29 0.36 2.02 4.30
Including 91 100 9 10.74 0.21 2.13 3.51

*Lengths reported above in metres ("m") are drill intersected core and do not represent true widths.

While zones of higher-grade mineralization were previously intersected, the current exploration work seems to indicate that a volumetric significant mineralized zone likely does not exist and further drilling and expenditure of funds on the property cannot be justified at this time. Based on this information the Company has paused exploration on the Cayenne property pending a complete and comprehensive review of all available data, which will include review by external consultants with specific expertise in VMS deposits. The results of this review will determine what further exploration, if any, will be conducted on this property.

Exploration & Potential Property Acquisition Update

The Company is continually engaged in looking for and evaluating mineral properties that could potentially add value for our shareholders. Since it appears the Cayenne property does not have the potential to yield economic tonnages and grades, the Company has developed a short-list of target properties and is currently evaluating several opportunities with the potential to host economic mineralization.

On-site Quality Assurance/Quality Control ("QA/QC") Measures

All samples were shipped to ALS Minerals Division preparation laboratory in Timmins Ontario. Analyses were performed in the ALS laboratory in Vancouver, British Columbia. All core samples were selected by the Red Pine site geologist, and were cut in half by Diamond core saw. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were shipped out when ready. The remaining coarse reject portions of the samples remain in storage at the ALS in Vancouver as required in the event that further work or verification is needed.

Independent Quality Assurance and Quality Control ("QA/QC") Protocol

A QA/QC program was implemented to monitor all assays from the Spring drilling program. Samples were assembled in batches and were continuously leaving the site for immediate testing. Included in each batch of samples were certified reference standards every 20 samples and blank samples comprised of sterile drill core inserted randomly (approximately every 20-30 samples).

Qualified Person

Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and will be 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".

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.

Read the rest of the article at finance.yahoo.com
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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 52.4 millions as of today (US$ 38.3 millions, € 35.8 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of Red Pine Exploration
10/4/2013Appoints New Directors
9/13/2013Announces Resignation of Chairman and CEO
Project news of Red Pine Exploration
3/29/2012Receives Till Sample Results from Ava-Claire Property - Iden...
2/10/2012Provides Exploration Outline and Announces Results of Annual...
5/19/2011(Saracourt)Commences Exploration Program on SaraCourt Property West of ...
4/21/2011(Saracourt)to Commence Exploration Program on Saracourt Property
Corporate news of Red Pine Exploration
6/24/2016Red Pine Exploration Expands Sampling of Gold Zones in the H...
6/5/2016Red Pine Exploration Closes Private Placement Financing
5/26/2016Red Pine Exploration Announces Brokered Private Placement to...
4/5/2016Red Pine Appoints Red Cloud Klondike Strike as Strategic Adv...
2/1/2016Red Pine Announces Results of Annual Meeting
1/22/2016Impact of New Gold Discoveries on Wawa Gold Project And Upda...
1/21/2016Red Pine Exploration Inc.: Impact of New Gold Discoveries on...
1/19/2016Red Pine Exploration to Exhibit at the 2016 Vancouver Resour...
12/18/2015IIROC Trading Resumption - RPX
12/18/2015RED PINE EXPLORATION DISCOVERS NEW GOLD ZONES, DRILLS 14.28 ...
12/17/2015IIROC Trading Halt - RPX
10/1/2015Red Pine Results Support the Extension of High-Grade Gold Zo...
9/17/2015Red Pine Identifies High-Grade Gold-Bearing Quartz Veins in ...
8/28/2015Red Pine Exploration Earns 30% Interest in Wawa Gold Project
8/27/2015Red Pine Exploration Earns 30% Interest in Wawa Gold Project
8/25/2015Red Pine Exploration Closes Third Tranche of Financing
8/21/2015Red Pine Exploration Closes Third Tranche of Financing
8/14/2015Red Pine Exploration Closes Second Tranche of Financing
8/13/2015Red Pine Exploration Closes Second Tranche of Financing
7/30/2015Red Pine Exploration Announces Appointment of New Chief Exec...
7/29/2015Red Pine Exploration Announces Appointment of New Chief Exec...
4/10/2015Intersects High Grade Footwall Mineralization, Wawa Gold Pro...
2/24/2015Red Pine Exploration to Exhibit at the 2015 PDAC Internation...
2/13/2015Red Pine Drills 48.66 Metres of 4.41 g/t Gold including 16.6...
2/12/2015Red Pine Drills 48.66 Metres of 4.41 g/t Gold Including 16.6...
2/10/2015Red Pine Reports on Wawa Gold Project Assay Results and Comm...
1/30/2015Red Pine Announces Results of Annual Meeting
1/27/2015Red Pine Drills 30.78 Metres of 3.06 g/t Gold, Including 7.7...
1/9/2015Red Pine Exploration to Exhibit at the 2015 Vancouver Resour...
1/6/2015Red Pine Exploration Provides Update on Wawa Gold Project
12/30/2014Red Pine Exploration Announces Proposed Share Consolidation
12/18/2014Red Pine Exploration Confirms Gold Mineralization Extends Be...
12/17/2014Red Pine Exploration Confirms Gold Mineralization Extends Be...
12/16/2014Red Pine Exploration Announces Staking of Additional Claims ...
12/15/2014Red Pine Exploration Outlines Exploration Program for Wawa G...
12/11/2014Red Pine Exploration Executes Assumption Agreement for the S...
12/11/2014IIROC Trading Resumption - RPX
12/11/2014IIROC Trading Halt - RPX
10/23/2014Red Pine Exploration Announces Acquisition of Québec Silica ...
10/23/2014Red Pine Exploration Announces Acquisition of Quebec Silica ...
7/31/2014Red Pine Exploration Completes Third Round of Drilling at Ca...
5/8/2014Red Pine Exploration to Commence Mechanized Trenching on its...
5/1/2014IIROC Trading Resumption - RPX
2/26/2014to Exhibit at the 2014 Prospectors and Developers Associatio...
7/12/2013Completes Initial Review of Cayenne-Chili Property
11/13/2012Provides Company Update
11/7/2012Announces Sale of Ava-Claire Property
3/1/2012to Exhibit at the 2012 PDAC International Trade Show & Inves...
9/1/2011Drill Results and Exploration Update
4/29/2011Adds Two Highly Prospective Properties & Provides Exploratio...
3/4/2011s Previous News Release
2/22/2011Announces Completion of Private Placement
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RPX.V)
0.200+0.00%
TSX-V
CA$ 0.200
04/25 16:53 -
0%
Prev close Open
0.200 0.205
Low High
0.195 0.205
Year l/h YTD var.
0.160 -  0.235 -9.09%
52 week l/h 52 week var.
0.125 -  0.235 8.11%
Volume 1 month var.
124,482 11.11%
24hGold TrendPower© : -37
Produces
Develops
Explores for Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 8/5/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202433.33%
2023-48.28%0.450.13
2022-42.00%0.620.17
20211150.00%0.850.04
202014.29%0.060.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.94+9.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+13.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.60+1.83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :