Red Pine Confirms Gold Mineralization Extends Beyond the Surluga Gold Deposit
Welcome to Red Pine Exploration
Red Pine Exploration Inc. (RPX: TSX-V) (the "Company")is a Canadian base metals and gold exploration company primarily involved in the identification, acquisition and exploration of properties In Ontario and Quebec, Canada. Led by an experienced management team, the Company’s strategy is to aggressively explore its assets to maximize shareholder value.
Wawa Gold Project
The Wawa Gold Project is located in Wawa, Ontario, an area of significant historical and current gold exploration and production. The property consists of four contiguous mining claim groups totaling 5,338 hectares and has hosted eight past producing mines with historic production of over 120,000 ounces.
The property currently features an inferred gold resource* (“The Surluga Deposit”) of 1,072,335 ounces at 1.49 grams per tonne gold, contained in 22,355 million tonnes, open along strike and at depth. Red Pine has entered an assumption agreement with Augustine Ventures (CSE: WAW) and Citabar to further develop the Wawa Gold Project. Reinterpretation of the property geology could lead to an improvement in both the grade and size of the gold resource.
* The Mineral Resource is disclosed in technical report titled “Amended Technical Review and Mineral Resource Estimate for the Jubilee-Surluga Property, near Wawa, Ontario, Canada for Augustine Ventures Inc.” dated October 12, 2012 and prepared by Clifford J. Duke, P. Eng., Senior Associate Geological Engineer of Watts, Griffis and McOuat, Consulting Geologists and Engineers. The report is available on www.SEDAR.com under Augustine’s profile
Kipawa Silica Project
Silica belongs to a group of materials known as “Industrial Minerals” which includes such minerals as lithium, graphite and vanadium. Many of these minerals including silica gained prominence in recent years as more and more countries consider them strategic materials. Demand for high-purity silica (used to create fused quartz for high-tech manufacturing such as solar panels, semiconductors, LCD displays, and lithium batteries, etc.) has risen and this trend is projected to continue as it is considered a premium product in short supply. Silica represents a new and exciting opportunity for Red Pine.
The Kipawa Property, located about 15 kilometres east of Temiskaming, Quebec consists of 98 claims totalling 5,884 hectares in the Gendreau, Campeau and Reclus townships. The property contains a quartzite unit that is part of the Kipawa Formation. Recent surficial maps show that the quartzite unit covers an area within the claim blocks of approximately 1.9 square kilometres and it could potentially contain high purity quartz.*
*The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.