Red Pine Intersects 27 meters of 8% Zinc Including 12.7 meters of
13.6% Zinc
TORONTO, ONTARIO--(Marketwired - Jan 28, 2014) - 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:
Borehole |
From (m) |
To (m) |
Length* (m) |
Zinc % (Zn) |
Copper % (Cu) |
Lead % (Pb) |
Silver g/t (Ag) |
CC13-01 |
11 |
38.47 |
27.47 |
8.02 |
0.34 |
1.00 |
8.48 |
includes |
23.54 |
36.25 |
12.71 |
13.64 |
|
|
|
|
26.53 |
29.53 |
3.00 |
|
|
|
41.00 |
|
26.53 |
33.5 |
7.00 |
|
1.04 |
|
|
CC13-02 |
2.26 |
18.7 |
16.44 |
3.63 |
0.35 |
0.58 |
3.20 |
includes |
2.26 |
6.9 |
4.34 |
11.17 |
|
|
|
* 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.
Hole ID |
Easting |
Northing |
Elevation (Metres) |
Depth (Metres) |
Dip |
Azimuth |
CC13-01 |
407843 |
5298111 |
430 |
155 |
-84.5 |
334.8 |
CC13-02 |
407842 |
5298115 |
430 |
146 |
-55 |
290 |
CC13-03 |
407933 |
5298190 |
407 |
83 |
-65 |
165.8 |
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.
Red Pine Exploration Inc.Quentin YariePresident & COO(416)
364-7024(416) 364-2753qyarie@redpineexp.comwww.redpineexp.com
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