Red Pine Exploration

Published : May 08th, 2014

Red Pine Exploration to Commence Mechanized Trenching on its Cayenne Property

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Keywords :   Canada | Copper | Iron | Lead | Zinc |

Red Pine Exploration to Commence Mechanized Trenching on its Cayenne Property

TORONTO, ONTARIO--(Marketwired - May 8, 2014) - Red Pine Exploration Inc. (the "Company" or "Red Pine") (TSX VENTURE:RPX) is mobilizing for a mechanized trenching program on its Cayenne Property today.

The trenching program's aim is to uncover and better understand the geology of the upper/northern exhalite horizon with the mineralized zones at the Jefferson deposit and the VenCan showing. Stripping of trenches perpendicular to the main mineralization will also be completed to better define the main lithological units.

Iron-rich exhalites, formed by sub-seafloor hydrothermal activity, are prospective of VMS mineralization1. They can occur in close proximity to massive sulfide deposits and are a useful vector to ore according to J.M. Franklin, PhD, FRSC, PGeo. The upper exhalite at Cayenne has seen limited exploration in the past but the stringer-type mineralization pervasive within this horizon indicates that it has potential to host massive sulfide (VMS) mineralization.

The new surface information to be obtained from this program, which will take approximately 2-4 weeks to complete, combined with the results of the recent Winter 2014 drilling program will better constrain the main mineralized zones and help direct future exploration efforts.

About the Cayenne Property

  • The Cayenne Property hosts a Mattabi-type VMS system associated with an adjacent banded iron formation.
  • The multiple lenses of mineralization observed in the VenCan showings and Jefferson deposit indicate a stacked sequence of mineralized horizons.
  • Known high grade mineralization - assayed values of up to 24.7% Zinc, 15.6% Lead and 1.1% Copper from grab samples along the corridor (2013).
  • Close to existing infrastructure (rail line, power, all weather roads).

1 Galley, A.G, Hannington, M.D., and Jonasson, I.R., 2007, Volcanogenic massive sulphide deposits, in Goodfellow, W.D., ed., Mineral Deposits of Canada; A Synthesis of Major Deposits-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada, Mineral Deposits Division, Special Publication No.5, p.141-161.

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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$ 138.8 millions as of today (US$ 112.1 millions, € 96.6 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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