Toronto, Ontario – July 31, 2014 – Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) has completed its spring drilling program at its Cayenne Property located 110 kilometres southwest of Timmins, Ontario. A total of 11 exploration holes (CC14-14 through CC14-24) were completed in May and June 2014. With the exception of one drill hole, no significant zones of mineralization were intersected and consequently, the Company has paused exploration on the Cayenne property pending a full review of all available data. Red Pine is currently evaluating several properties that present the opportunity to add value for our shareholders. An update on the remaining 2014 exploration activities will be provided shortly.
Cayenne Spring Drilling Program Update
Eleven exploration holes were drilled to test high priority geochemical and geophysical targets. All drill holes intersected sulphide rich materials with anomalous zinc (“Zn”) and lead (“Pb”) values. Highlights from the drill program are presented below.
*Lengths reported above in metres (“m”) are drill intersected core and do not represent true widths.
While zones of higher-grade mineralization were previously intersected, the current exploration work seems to indicate that a volumetric significant mineralized zone likely does not exist and further drilling and expenditure of funds on the property cannot be justified at this time. Based on this information the Company has paused exploration on the Cayenne property pending a complete and comprehensive review of all available data, which will include review by external consultants with specific expertise in VMS deposits. The results of this review will determine what further exploration, if any, will be conducted on this property.
Exploration & Potential Property Acquisition Update
The Company is continually engaged in looking for and evaluating mineral properties that could potentially add value for our shareholders. Since it appears the Cayenne property does not have the potential to yield economic tonnages and grades, the Company has developed a short-list of target properties and is currently evaluating several opportunities with the potential to host economic mineralization.
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
All samples were shipped to ALS Minerals Division preparation laboratory in Timmins Ontario. Analyses were performed in the ALS laboratory in Vancouver, British Columbia. All core samples were selected by the Red Pine site geologist, and were cut in half by diamond core saw. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were shipped out when ready. The remaining coarse reject portions of the samples remain in storage at the ALS in Vancouver as required in the event that further work or verification is needed.
Independent Quality Assurance and Quality Control (“QA/QC”) Protocol
A QA/QC program was implemented to monitor all assays from the Spring drilling program. Samples were assembled in batches and were continuously leaving the site for immediate testing. Included in each batch of samples were certified reference standards every 20 samples and blank samples comprised of sterile drill core inserted randomly (approximately every 20-30 samples).
Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company’s exploration programs.
About Red Pine Exploration Inc.
Red Pine Exploration 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”.
For more information about the Company visit www.redpineexp.com
Quentin Yarie, President & COO, (416) 364-7024, email@example.com
Or Mia Boiridy, Investor Relations, (416) 364-7024, firstname.lastname@example.org
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