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Wawa Gold Project

 

 

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Targeted Commodity:
Gold
 
Location:
The Wawa Gold Project is located 2 km southeast of the Town of Wawa, Ontario

Property Size and Position:
32 unpatented and 178 patented mining claims totalling 5184 hectares within the McMurray Township

Net Ownership:
Red Pine Exploration has a 60% interest in the Wawa Gold Project with Citabar LLP holding the remaining 40%. Red Pine is the Operating Manager of the Project.
 
Ехploration History:
The Wawa Gold Project property has hosted numerous gold mines with historic production of over 120,000 ounces. To date, the largest gold deposit on the property is the Surluga Deposit.  
 
Historically, more than 87,000 metres have been drilled on the property. At the Surluga Deposit, 252 surface holes totalling 45,346 metres and 1,339 underground holes totalling  41,753 metres.
 
While the property has hosted numerous historical gold mines, these were owned by different operators and they were never geologically connected. With a comprehensive examination of the geology, geophysics, geochemistry, alteration mineralogy and structural geology, Red Pine is uncovering new targets. 
 
Mineralization Potential
The property hosts a 43-101 inferred resource (the "Surluga Deposit") of 1,088,000 ounces of gold at 1.71 g/t grams per tonne using a 0.50 g/t gold cut-off grade, contained in 19.82 million tonnes open along strike and at depth (Mineral resource statement, Surluga-Jubilee Gold Deposit, Wawa Gold Project, Ontario, Ronacher Mckenzie Geoscience and SRK Consulting (Canada) Inc., May 26, 2015).

 

 
The average grade of the Surluga Deposit model ranks amongst the best North American undeveloped open pit resources.
  • 73% of the inferred resource is constrained within the higher grade domain
  • 89% of the inferred resource is found between surface and 300 metres vertical depth
  • At a 1.5 g/t cut-off, the shallow resource contains (inside + outside pit) 686,663 ounces @3.06g/t gold.
  • At a cut-off of 2.5 g/t, the inferred resource contains 583,000 ounces@ 4.09g/t gold
Sensitivity analysis of the inferred resource.

Gold Cut-Off Grade

(g/t)

Location

Tonnage

Gold (g/t)

Contained Ounces

1.5

In Pit

         5,322,305

                      3.20

           547,326

Outside Pit

         1,641,005

                      2.64

           139,336

Underground

         2,110,753

                      2,81

190,785

Total

         9,073,963

                      3.01

           877,448

2.5

In Pit

         2,856,806

                      4.27

           392,521

Outside Pit

             620,748

                      3.83

             76,473

Underground

             954,848

                      3.73

           114,426

Total

         4,432,403

                      4.09

           583,419

5.0

In Pit

             636,295

                      7.29

           149,154

Outside Pit

               92,956

                      7.18

             21,443

Underground

             127,891

                      8.00

             32,892

Total

             857,143

                      7.38

           203,489

The reader is cautioned that the figures presented in this table should not be misconstrued as a Mineral Resource Statement. The reported quantities and grades are only presented as a sensitivity of the deposit model to the selection of cut-off grade.
 

Work Programs:

  • In 2014/2015, Red Pine drilled more than 7,000 metres in 39 diamond drill holes on the Wawa Gold Project property. The program increased the inferred resource of the Surluga Deposit by 14.5% (from 1.49 to 1.71 g/t gold) and also increased the total gold ounces by 1.5% (from 1,072,000 to 1,088,000 ounces of gold). The program also identified a new gold zone - the Wawa Gold Corridor.
  • In 2016, with the belief that there were many sampling gaps in the existing resource, the Company started logging and sampling of over 42,000 metres of historic core to define additional gold resources in the Surluga Deposit. To date, the Company has processed over 16,000 metres of historic core and has discovered significant additional gold in nearly 50% of these. One un-sampled core returned gold grades of 109g/t over 0.86 metres.
  • Also in 2016, the Company initiated a 6,000 metres drill program which is ongoing. This lead to the discovery of new gold zones in the hanging wall and footwall of the resource, high grade mineralization (Visible Gold) in the Jubilee Shear, and confirmed that the resource extends 525 metres to the north. 

    Results to date (discovery of additional gold at the Surluga Deposit and the discovery of new zones beyond the current inferred resource) will have a positive impact on the current deposit model.

    The Company will continue its historic core sampling program and drilling program in 2017 to further improve the economics of the resource (increase size, decrease strip ratio) and will work towards expanding the resource both to the north and south.