Toronto, Ontario - January 19, 2016 - Red Pine Exploration Inc. (TSX-V: RPX) (the 'Company' or 'Red Pine') announces that it will be exhibiting at the upcoming Vancouver Resource Investment Conference on January 24 and 25, 2016.
Members of Red Pine's management team would like to invite current shareholders, potential investors, analysts, brokers and interested parties to visit booth 519 to learn more about the Company's key project - the Wawa Gold Project, located 2 kilometres southeast of Wawa, Ontario.
The Vancouver Resource Investment Conference is being held January 24 and 25, 2016 at the Vancouver Conference Centre West. The Trade Show runs from 10:00am to 5:00pm daily.
Wawa Gold Project Highlights
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Advantageous land position in an under-explored gold camp;
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Proximity to established regional infrastructure (roads, rail, airport, high voltage power lines, water);
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Property hosted ten past producing mines with average grades of 8.9 grams per tonne gold;
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Inferred resource (Surluga Deposit) of 1,088,000 ounces at 1.71 grams per tonne gold using a cut-off of 0.5g/t gold1.
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Strike length continuity for some gold-bearing structures exceeding 2.5 kilometres with continuous gold mineralisation;
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Strong indications for stacking of gold-bearing shear zones and high-grade quartz veins in the footwall and hanging wall of the Surluga Deposit (Jubilee Shear Zone)
About the Vancouver Resource Investment Conference
The Vancouver Resource Investment Conference is the world's largest resource investment conference dedicated to resource exploration and the largest of all annual trade shows held in Vancouver. This conference is a must-see for investors and stakeholders in the global mining industry.
For more information on the conference visit https://cambridgehouse.com/event/49/vancouver-resource-investment-conference-2016
About Red Pine Exploration Inc.
Red Pine Exploration is a Canadian base metals and gold exploration company headquartered in Toronto, Ontario. Red Pine is primarily involved in the identification, acquisition and exploration of properties In Ontario and Quebec. The Company's common shares trade on the TSX Venture Exchange under the symbol 'RPX'.
Red Pine has a 30% interest in the Wawa Gold Project and is part of a Joint Venture Agreement (JVA) with Citabar LLP and Augustine Ventures Inc. Under the terms of the JVA, Red Pine is the Operating Manager and continues to explore and advance the current gold resource on the property.
On December 17, 2015, Red Pine and Augustine Ventures conjointly signed a Letter of Intent to merge. The merged exploration company will own 60% of the Wawa Gold Project.
The Company's strategy is to aggressively explore its assets to maximize shareholder value. Red Pine'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]
Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]
NI 43-101 inferred resource of 1,088,000 ounces of gold at a 1.71 grams per tonne (g/t) using a 0.40 g/t gold cut-off grade for pit-constrained and 2.50 g/t gold cut-off grade for underground-constrained resources, contained in 19.82 million tonnes open along strike and at depth. The Cut-off grades are based on a gold price of US$1,250 per once and a gold recovery of 95 percent (Mineral Resource Statement*, Surluga-Jubilee Gold Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada) Inc (effective May 26, 2015)). The report is available on www.SEDAR.com under Red Pine's profile.
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. 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.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.