Red Pine Intersects 27 meters of 8% Zinc Including 12.7 meters of 13.6% Zinc
January 28 2014 - 6:30AM
Marketwired Canada
Red Pine Exploration Inc. (the "Company") (TSX VENTURE:RPX) 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:
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Length(i) Zinc % Copper % Lead % Silver g/t
Borehole From (m) To (m) (m) (Zn) (Cu) (Pb) (Ag)
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CC13-01 11 38.47 27.47 8.02 0.34 1.00 8.48
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includes 23.54 36.25 12.71 13.64
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26.53 29.53 3.00 41.00
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26.53 33.5 7.00 1.04
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CC13-02 2.26 18.7 16.44 3.63 0.35 0.58 3.20
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includes 2.26 6.9 4.34 11.17
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(i) 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.
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Elevation Depth
Hole ID Easting Northing (Metres) (Metres) Dip Azimuth
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CC13-01 407843 5298111 430 155 -84.5 334.8
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CC13-02 407842 5298115 430 146 -55 290
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CC13-03 407933 5298190 407 83 -65 165.8
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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 (greater than
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)
Qualified Person
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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Red Pine Exploration Inc.
Quentin Yarie
President & COO
(416) 364-7024
(416) 364-2753 (FAX)
qyarie@redpineexp.com
www.redpineexp.com
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