Red Pine Exploration Reports on Its Cayenne Property Winter 2014 Drilling Program and Prepares for Spring Drilling
May 14 2014 - 8:00AM
Marketwired Canada
Red Pine Exploration Inc. (the "Company" or "Red Pine") (TSX VENTURE:RPX)
announces that it is encouraged by the results from its 2014 Cayenne Property
drilling program, located 110 kilometres southwest of Timmins, Ontario. Drilling
identified an extension at depth of the Jefferson deposit with a geologic
horizon (the "Jefferson Horizon") that is the main host of the volcanogenic
massive sulfide mineralization ("VMS"). Also, a new VMS centre was discovered
2.5 kilometres west of Red Pine's VenCan Showing with pervasive copper
enrichment.
Mechanized trenching is underway and the Company is currently mobilizing for its
planned spring drill program of 15-20 holes totalling about 3,000 metres which
will commence early next week. Following a successful financing, the Company is
now well positioned for the 2014 exploration year as this allows for
approximately another 18,000 metres of drilling to be completed without any
additional external financing.
A total of 10 exploration holes (CC14-04 to CC14-13) were drilled in
January-February, 2014. Exploration efforts to date have identified several
mineralized centres across a 5 kilometre strike length at Cayenne - pointing to
a potential VMS camp. The winter 2014 drilling program continued to explore
along the extensive strike length of the Mattabi-type volcanogenic massive
sulphide (VMS) system. Red Pine is targeting a potential VMS discovery in excess
of 5 million tonnes, which would be located close to extensive existing
infrastructure.
Jefferson Deposit
Drilling identified extensions of the Jefferson deposit both laterally and at
depth. Stratigraphic and structural evidence indicates that the high grade
massive sulfide zones of the Jefferson Deposit are "pockets" of initially larger
polymetallic massive sulfide bodies. Each pocket is surrounded by stockwork
material or thinner massive sulfide zones. The potential, but also the
continuity of VMS mineralization in the Jefferson deposit, is evidenced by Hole
CC14-05 that intersected a 30 metre long and continuous zone of semi-massive to
disseminated VMS zinc-copper-lead ("Zn-Cu-Pb") mineralization. This hole extends
the Jefferson Deposit mineralization along the same stratigraphic horizon
("Jefferson Horizon") and shows the potential to find a new zone of high grade
massive sulfide mineralization either deeper or laterally along strike.
Table 1: Assay highlights - Jefferson Deposit
----------------------------------------------------------------------------
Zinc
Silver (Ag) Copper(Cu) Lead (Pb) (Zn)
Borehole g/t % % %
----------------------------------------------------------------------------
CC14-05 5.88 0.16 1.18 2.29
----------------------------------------------------------------------------
Including 3.68 0.03 1.48 4.57
----------------------------------------------------------------------------
Including 21.82 0.75 3.38 4.44
----------------------------------------------------------------------------
CC14-06 0.58 0.02 0.65 2.10
----------------------------------------------------------------------------
CC14-07 0.11 0.66 0.00 0.27
----------------------------------------------------------------------------
CC14-13 0.49 0.01 0.06 0.20
----------------------------------------------------------------------------
Including 2.67 0.03 0.13 0.85
----------------------------------------------------------------------------
Including 0.91 0.03 0.28 0.82
----------------------------------------------------------------------------
----------------------------------------------------------------
Length(i)
Borehole From (m) To (m) (m)
----------------------------------------------------------------
CC14-05 68.20 101.25 33.05
----------------------------------------------------------------
Including 69.20 74.20 5.00
----------------------------------------------------------------
Including 89.10 95.25 6.15
----------------------------------------------------------------
CC14-06 14.00 20.00 6.00
----------------------------------------------------------------
CC14-07 1.64 31.50 35.50
----------------------------------------------------------------
CC14-13 14.75 50.00 35.25
----------------------------------------------------------------
Including 17.75 20.75 3.00
----------------------------------------------------------------
Including 46.50 50.00 3.50
----------------------------------------------------------------
(i)Lengths reported above in metres ("m") are drill intersected core and do not
represent true widths.
Drilling planned in this area will focus on expanding the Jefferson Horizon to
the east, west and north (the new exhalative horizon(1)).
(1) Iron-rich exhalites, formed by sub-seafloor hydrothermal activity, are
prospective of VMS mineralization and are a useful vector to ore according to
J.M. Franklin, PhD, FRSC, PGeo.
Vencan Zinc Showing
Holes CC14-10 and CC14-12 confirmed the along strike western extension of the
VMS mineralization initially intersected in hole CC14-01 (27.47 metres of 9.36%
zinc including 12.71 metres of 16.51% zinc). The intersected semi-massive to
disseminated Zn mineralization in both holes is typical of stockwork material
found stratigraphically below the massive sulfide lenses in the Vencan area.
Based on its chemistry and pervasive base metal enrichments, the stockwork
material intersected in holes CC14-10 and CC14-12 represents a strong proximity
indicator of polymetallic VMS massive sulfide lenses.
Table 2: Assay highlights - Vencan Showing
--------------------------------------------------------------------
Silver Copper Lead Zinc
(Ag) (Cu) (Pb) (Zn) Length(i)
Borehole g/t % % % From (m) To (m) (m)
--------------------------------------------------------------------
CC14-10 3.21 0.12 0.42 3.13 55.00 59.00 4.00
--------------------------------------------------------------------
CC14-12 1.17 0.02 0.15 0.60 61.00 68.00 7.00
--------------------------------------------------------------------
(i)Lengths reported above in metres are drill intersected core and do not
represent true widths.
Table 3: Silver (Ag) assay highlights - Vencan Showing
----------------------------------------------------------------------------
Silver
(Ag) Length(i)
Borehole g/t From (m) To (m) (m)
----------------------------------------------------------------------------
CC13-01 9.48 11 38.7 27.47
----------------------------------------------------------------------------
including 16.26 23.54 36.25 12.71
----------------------------------------------------------------------------
CC13-02 3.58 2.26 18.7 16.44
----------------------------------------------------------------------------
including 9.58 2.26 6.98 4.34
----------------------------------------------------------------------------
(i)Lengths reported above in metres are drill intersected core and do not
represent true widths.
Geochemical, structural and geophysical analysis point to a target beneath the
existing drilling intersections at Vencan. This is typical of a boudinaged
system - mineralized lenses which "pinch and swell" along the entire strike
length. Drilling at Vencan will focus on locating the "swelled" zones as they
would contain the largest volumes of potential mineralization.
A complete table of all assays will be available on our website.
About the Cayenne Property
-- The Cayenne Property hosts a Mattabi-type VMS System Associated with an
adjacent iron rich exhalative horizons (multiple)
-- The multiple lenses of mineralization observed in the VenCan showings
and Jefferson deposit indicate a stacked sequence of mineralized
horizons
-- Known high grade mineralization - assayed values of up to 24.7% zinc,
15.6% lead and 1.1% copper 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 is responsible for overseeing all aspects
of Red Pine'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 Property consists of 4 mining patents
and 21 contiguous mining claims totalling 4,096 hectares.
The Company's common shares trade on the TSX Venture Exchange under the symbol
"RPX".
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
qyarie@redpineexp.com
Red Pine Exploration Inc.
Mia Boiridy
Investor Relations
(416) 364-7024
mboiridy@redpineexp.com
www.redpineexp.com
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