January 24, 2014 – Toronto, ON – Red Pine Exploration Inc. (the “Company”) (RPX: TSX-V) announces results from its late December-2013 drill program on the Cayenne-Chili Property.
Volcanogenic-Massive- Sulphide (“VMS”) Occurrence Intersected
Mechanized trenching conducted in July 2013 exposed an area of massive sulphides consisting of sphalerite (zinc), galena (lead), and veins of chalcopyrite (copper) immediately west of the historic VenCan Zinc showing. In late December 2013, the Company drilled its initial 3 drill holes, which were collared to explore this area and are numbered as CC13-01, CC13-02 and CC13-03.
All the drill holes intersected stockwork or feeder mineralization. Holes 1 and 2 were drilled in close proximity and hole 3 was drilled approximately 120 metres to the northeast. The significant assay results included Hole 1, which intersected 27.47 metres of 8.02% zinc and Hole 2, which intersected 16.44 metres of 3.63% zinc.
Significant assay results are presented below:
|Borehole||From (m)||To (m)||Length* (m)|
*Lengths reported above are drill intersected core and do not represent true widths.
As press released earlier, both electromagnetic and down-hole IP surveys of selected historic and the recent 3 drill holes were conducted in early January. The primary purpose of conducting hole-to-hole induced polarization geophysics program was to identify strike and plunge of the VMS mineralized lenses of the VenCan Zone. The results of the survey are being processed and will be used to direct continued drilling in this area.
Although the final interpretation and analysis is still in progress, the surveys would indicate that the mineralization is plunging to the west along strike. Based on how typical VMS systems behave, mineralization should increase the closer we move to the core of the system. The current geophysical and geochemical vectors indicate that this is west along strike. This hypothesis is further supported by the fact that Hole CC13-03 intersected 30 meters of 0.5% zinc stockwork material.
January 2014 Exploration Program Update
Drilling has re-commenced on the property. The Company anticipates drilling 10 to 15 holes, which should be completed by late February and expects to issue a news release on some of the drill-hole results in late February or early March as assays become available. A program of down-hole geophysical surveys will then be conducted on all the new drill holes in conjunction with geochemical and structural analysis to assist in drill targeting for the next phase of field exploration in April.
Summary of Drill-Hole Logs
CC13-01 was drilled into the massive sulfide mineralization exposed at surface at the Vencan showing to test its extension at depth. In situ geochemical analyses with a Niton light element XRF analyzer of the massive sulfide mineralization and its alteration envelope indicate a well behaved VMS-like hydrothermal system with an alteration envelop comprised of proximal chlorite and iron carbonate alteration and distal sericitization and silicification. Proximal chemical indicators of the mineralization include Cadmium (Cd), Iron (Fe), Manganese (Mn) and Tin (Sn) enrichments associated with the Zinc (Zn)-rich mineralization.
CC13-02 intersected a lateral extension of the massive sulfide mineralization nearer to surface and a Zn-mineralized stockwork mineralization at depth. Intense silicification characterizes the main alteration type of the stock work zone.
In CC13-03, the intersected mineralization has the attributes of the stockwork mineralization intersected in CC13-02 with Zn-rich stringers hosted in strongly silicified iron formation. This alteration zone still displays Mn and Sn enrichments similar to the massive sulfide mineralization and is interpreted to form the lateral extension of the stockwork zone in CC13-02.
Red Pine Receives Amended Permit from MNDM for Expanded Exploration Program
Red Pine is pleased to announce that it has received an amended exploration permit from the Ministry of Northern Development and Mines to further explore the Cayenne-Chili Property in the Swayze Belt, Ontario. The new permit is good for 3 years and covers diamond drilling, mechanized stripping, and trenching. The amendment covers the requirement for additional drill setups (>20) for the continued exploration programs on the Cayenne-Chili Property.
On-site Quality Assurance/Quality Control Measures
All samples have been shipped to ACTLABS preparation laboratory in Thunder Bay Ontario. Analyses will be performed in the ACTLABS laboratory in Ancaster or Timmins, Ontario. 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 ACTLABS preparation laboratory storage facility in Thunder Bay as required in the event that further work or verification is needed.
Independent Quality Assurance and Quality Control Protocol
A QA/QC program has been implemented to monitor all assays from the current drilling program. Samples are assembled in batches and are continuously leaving the site for immediate testing. Included in each batch of samples are certified reference standards every 20 samples and blank samples comprised of sterile drill core inserted randomly (approximately every 20-30 samples).
About the Cayenne-Chili Property
- The Cayenne – Chili Property hosts a remobilized VMS System Associated with an adjacent banded iron formation.
- Multiple lenses of mineralization observed in the VenCan zinc showing indicate a stacked sequence of mineralized horizons
- Remobilized Mineralization dips steeply to the North– not to the South as previously interpreted
- Identified new showings with full utilization of Geophysical and Geochemical Data
- Known High Grade Mineralization – assayed values of up to 24.7% Zn, 15.6% Pb and 1.1% Cu from grab samples along the corridor (2013)
- Close to existing infrastructure (rail line, power, all weather roads)
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 Cayenne-Chili Property consists of 57 contiguous mining claims totalling 8704 hectares.
The Company’s common shares trade on the TSX Venture Exchange under the symbol “RPX”.
More detailed information about the Company is available on the website: www.redpineexp.com
Or contact: Quentin Yarie, President & COO,
Tel: (416) 364-7024; Fax: (416) 364-2753; E-mail: email@example.com
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. 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.