Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Red Pine Exploration

Publié le 17 septembre 2015

Red Pine Identifies High-Grade Gold-Bearing Quartz Veins in the Hornblende Shear Zone on its Wawa Gold Property

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada |

Red Pine Identifies High-Grade Gold-Bearing Quartz Veins in the Hornblende Shear Zone on its Wawa Gold Property

TORONTO, ONTARIO--(Marketwired - Sep 17, 2015) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") announces that it has received the first assay results from its Summer 2015 exploration program and that grab samples(1) from the quartz veins in the Hornblende Shear Zone (HSZ) have returned gold values between 1.52 and 24.4 grams per tonne (g/t) gold (Table 1). The sampling of the highly strained quartz/shear was limited to four samples due to preferential weathering typical of these types of structures. These results, as well as geological observations, indicate the potential for the HSZ to host high-grade gold mineralization zones similar to those encountered in the Surluga Deposit.(2)

(1) Readers are cautioned that grab samples are selective by nature. The grades and mineralization present are not necessarily representative of other mineralization that may be identified on the property.

(2) There is no certainty that gold mineralization similar to that encountered in the Surluga Deposit will be identified within the Horneblende Shear Zone.

The HSZ is located 200-300 metres west of the Jubilee Shear Zone, which hosts the Surluga Deposit. The interpretation of aeromagnetic data and subsequent Summer 2015 fieldwork, traced the HSZ along a strike length of at least 2 kilometres with an observed surface width that locally exceeds 45 metres. The shear zone consists of a series of alternating high and low strain zones, with individual highly strained zones observed at surface with a measured width greater than 2 metres at surface.

The reported grab samples were taken of the highly strained zones and quartz veins of the HSZ. Each sample consisted of at least 1 kilogram of material and was representative of the targeted unit (HSZ). The grab samples1 returned gold values up to 24.4 g/t for the quartz veins and between 3 and 4 g/t gold for some of the highly strained zones. Additional results from other areas on the property are expected in the coming weeks.

This poorly tested gold-bearing structure also returned historical drill intersection of up to 10.27 metres at 3.01 g/t (U0007L7) (see Figure 1). Additional drilling also identified subsidiary gold-bearing shear zones (0.64 metres at 8.1 g/t gold in S087 and 2.08 metres at 3.06 g/t gold in S088), and high-grade quartz tension veins (1 metre at 53.2 g/t gold and 1 metre at 51.7 g/t gold in SD-15-11) between the Surluga Deposit and the HSZ. Should continuity be established along those structures, they may eventually add to the total mineral resource.

The fieldwork defined many geological similarities between the HSZ and the Jubilee Shear Zone (Surluga Deposit). These two shear zones are now interpreted as forming a single and interconnected NNE-trending shear system with subsidiary gold-bearing shear zones and high-grade quartz tension veins in-between. These geological observations indicate the potential for the HSZ to host high-grade gold mineralization zones similar to those encountered in the Surluga Deposit. Red Pine will focus part of the future exploration efforts to prove this working hypothesis as this could considerably expand the existing gold resource on the Wawa Gold Project.

Table 1 - Medium- to high-grade gold samples collected in the Hornblende Shear Zone

Sample Prospect/Deposit Sample type Gold
(g/t)
11663 Hornblende Quartz vein 24.4
1473084 Hornblende Tourmaline-rich highly strained zone 3.86
1473085 Hornblende Tourmaline-rich highly strained zone 1.52
1473087 Hornblende Highly strained zone 3.15

"It is hard not to over emphasise the potential change to the Wawa Gold Project the Hornblende Shear Zone represents," said Quentin Yarie, Red Pine's President and CEO. "Identifying a parallel related gold-bearing structure has the potential to significantly improve the size and economics of the project."

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

Drill core samples are transported in security-sealed bags for analyses at Activation Laboratories Ltd. in Ancaster, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. The remaining coarse reject portions of the samples remain in storage at the Activation Laboratories Ltd. in Ancaster, Ontario as required in the event that further work or verification is needed.

Grab and channel samples are transported in security-sealed bags for analyses at Activation Laboratories Ltd. in Ancaster, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. All grab and channel samples are photographed and geo-referanced.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Wawa Gold Project Highlights

  • NI 43-101 inferred resource of 1,088,000 ounces of gold at a 1.71 g/t gold 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 depth1;

  • Additional gold mineralization present, but not well defined, in the hanging wall and footwall secondary structures indicate that the contained gold of the pit-constrained resource can be increased and would significantly improve the economics of the resource1;

  • Strike length continuity for some gold-bearing structures exceed 2.5 kilometres with potential continuous gold mineralization;

  • Advantageous land position in an under-explored gold camp that hosted eight past producing mines with average grades of 8.9 g/t gold;

  • Proximity to established regional infrastructure (roads, rail, airport, high voltage power lines, existing mill) and skilled workforce;

Qualified Person

Quentin Yarie, PGeo. 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 Inc. 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".

Red Pine has a 30% interest in the Wawa Gold Project and has entered into a Joint Venture Agreement (JVA) with Citabar LLP and Augustine Ventures Inc. The Wawa Gold Project is now owned by Citabar/Red Pine/Augustine in the ratio of 40%, 30% and 30%, respectively. Under the terms of the JVA, Red Pine is the Operating Manager and will continue to explore and advance the current gold resource on the property. Red Pine is currently expediting negotiations to consolidate ownership of the Wawa Gold Project.

1The Mineral Resource is disclosed in the NI 43-101 technical report titled "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.Cut-off grades are based on a gold price of US$1,250 per once and a gold recovery of 95 percent.

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.

To view the map associated with this release, please see the following link: http://media3.marketwire.com/docs/1025435map.pdf

Lire la suite de l'article sur finance.yahoo.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Red Pine Exploration

EXPLORATEUR
CODE : RPX.V
ISIN : CA75686Y1088
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Red Pine est une société d’exploration minière d'or et de nickel basée au Canada.

Ses principaux projets en exploration sont ABITIBI WEST, MOFFATT, MT LOGANO et SARACOURT au Canada.

Red Pine est cotée au Canada. Sa capitalisation boursière aujourd'hui est 52,4 millions CA$ (38,3 millions US$, 35,8 millions €).

La valeur de son action a atteint son plus bas niveau récent le 26 décembre 2008 à 0,01 CA$, et son plus haut niveau récent le 26 mars 2021 à 0,85 CA$.

Red Pine possède 261 799 984 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Nominations de Red Pine Exploration
04/10/2013Appoints New Directors
13/09/2013Announces Resignation of Chairman and CEO
Projets de Red Pine Exploration
29/03/2012Receives Till Sample Results from Ava-Claire Property - Iden...
10/02/2012Provides Exploration Outline and Announces Results of Annual...
19/05/2011(Saracourt)Commences Exploration Program on SaraCourt Property West of ...
21/04/2011(Saracourt)to Commence Exploration Program on Saracourt Property
Communiqués de Presse de Red Pine Exploration
24/06/2016Red Pine Exploration Expands Sampling of Gold Zones in the H...
05/06/2016Red Pine Exploration Closes Private Placement Financing
26/05/2016Red Pine Exploration Announces Brokered Private Placement to...
05/04/2016Red Pine Appoints Red Cloud Klondike Strike as Strategic Adv...
01/02/2016Red Pine Announces Results of Annual Meeting
22/01/2016Impact of New Gold Discoveries on Wawa Gold Project And Upda...
21/01/2016Red Pine Exploration Inc.: Impact of New Gold Discoveries on...
19/01/2016Red Pine Exploration to Exhibit at the 2016 Vancouver Resour...
18/12/2015IIROC Trading Resumption - RPX
18/12/2015RED PINE EXPLORATION DISCOVERS NEW GOLD ZONES, DRILLS 14.28 ...
17/12/2015IIROC Trading Halt - RPX
01/10/2015Red Pine Results Support the Extension of High-Grade Gold Zo...
17/09/2015Red Pine Identifies High-Grade Gold-Bearing Quartz Veins in ...
28/08/2015Red Pine Exploration Earns 30% Interest in Wawa Gold Project
27/08/2015Red Pine Exploration Earns 30% Interest in Wawa Gold Project
25/08/2015Red Pine Exploration Closes Third Tranche of Financing
21/08/2015Red Pine Exploration Closes Third Tranche of Financing
14/08/2015Red Pine Exploration Closes Second Tranche of Financing
13/08/2015Red Pine Exploration Closes Second Tranche of Financing
30/07/2015Red Pine Exploration Announces Appointment of New Chief Exec...
29/07/2015Red Pine Exploration Announces Appointment of New Chief Exec...
10/04/2015Intersects High Grade Footwall Mineralization, Wawa Gold Pro...
24/02/2015Red Pine Exploration to Exhibit at the 2015 PDAC Internation...
13/02/2015Red Pine Drills 48.66 Metres of 4.41 g/t Gold including 16.6...
12/02/2015Red Pine Drills 48.66 Metres of 4.41 g/t Gold Including 16.6...
10/02/2015Red Pine Reports on Wawa Gold Project Assay Results and Comm...
30/01/2015Red Pine Announces Results of Annual Meeting
27/01/2015Red Pine Drills 30.78 Metres of 3.06 g/t Gold, Including 7.7...
09/01/2015Red Pine Exploration to Exhibit at the 2015 Vancouver Resour...
06/01/2015Red Pine Exploration Provides Update on Wawa Gold Project
30/12/2014Red Pine Exploration Announces Proposed Share Consolidation
18/12/2014Red Pine Exploration Confirms Gold Mineralization Extends Be...
17/12/2014Red Pine Exploration Confirms Gold Mineralization Extends Be...
16/12/2014Red Pine Exploration Announces Staking of Additional Claims ...
15/12/2014Red Pine Exploration Outlines Exploration Program for Wawa G...
11/12/2014Red Pine Exploration Executes Assumption Agreement for the S...
11/12/2014IIROC Trading Resumption - RPX
11/12/2014IIROC Trading Halt - RPX
23/10/2014Red Pine Exploration Announces Acquisition of Québec Silica ...
23/10/2014Red Pine Exploration Announces Acquisition of Quebec Silica ...
31/07/2014Red Pine Exploration Completes Third Round of Drilling at Ca...
08/05/2014Red Pine Exploration to Commence Mechanized Trenching on its...
01/05/2014IIROC Trading Resumption - RPX
26/02/2014to Exhibit at the 2014 Prospectors and Developers Associatio...
12/07/2013Completes Initial Review of Cayenne-Chili Property
13/11/2012Provides Company Update
07/11/2012Announces Sale of Ava-Claire Property
01/03/2012to Exhibit at the 2012 PDAC International Trade Show & Inves...
01/09/2011Drill Results and Exploration Update
29/04/2011Adds Two Highly Prospective Properties & Provides Exploratio...
04/03/2011s Previous News Release
22/02/2011Announces Completion of Private Placement
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (RPX.V)
0,200+0.00%
TSX-V
CA$ 0,200
25/04 16:53 -
0%
Cours préc. Ouverture
0,200 0,205
Bas haut
0,195 0,205
Année b/h Var. YTD
0,160 -  0,235 -9,09%
52 sem. b/h var. 52 sem.
0,125 -  0,235 8,11%
Volume var. 1 mois
124 482 11,11%
24hGold TrendPower© : -37
Produit
Développe
Recherche Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 05/08/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
202433,33%
2023-48,28%0,450,13
2022-42,00%0,620,17
20211150,00%0,850,04
202014,29%0,060,02
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,75 AU$+0,52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
11,94 US$+9,34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,54 GBX-2,55%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,69 CA$+13,03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
15,60 CA$+1,83%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,87 CA$+5,65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,62 US$+1,00%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :