Red Pine Exploration Completes Second Round of Drilling At Cayenne-Chili With Assays Pending, Drilling to Re-Commence in March
20 Febbraio 2014 - 2:00PM
Marketwired
Red Pine Exploration Completes Second Round of Drilling At
Cayenne-Chili With Assays Pending, Drilling to Re-Commence in March
TORONTO, ONTARIO--(Marketwired - Feb 20, 2014) - Red Pine
Exploration Inc. (the "Company") (TSX-VENTURE:RPK) has completed
the second round of drilling at its Cayenne-Chili Property. The
Company is currently conducting down-hole geophysical surveys on
all of the recent drill holes, CC14-04 through CC14-13 and has
requested geo-chemical analysis on all drill core, as was completed
on the first round of drilling. Assays are pending with results
expected in March, 2014.
February 2014 Exploration Program Update
While there is considerable data yet to be received and
analyzed, we are extremely pleased with the program results
to-date.
A total of 10 exploration holes were drilled in
January-February. The drill holes tested high priority geochemical
and geophysical targets across a 5 kilometre strike length. The
Company utilizes X-ray fluorescence (XRF) devices as an exploration
tool in identifying alteration and mineralization. Based on visual
inspection and XRF analysis of the core all but one drill hole
intersected massive to semi-massive sulphide sections of
pyrrhotite, pyrite, sphalerite, galena and chalcopyrite.
Quentin Yarie, President & COO commented: "Our current
exploration efforts have shown us that we have an extensive strike
length of mineralization characterized by solid sulphide of varying
width. The mineralization sub-crops in many areas along a 5
kilometre stretch and is cross cut by numerous interpreted faults.
These features plus the principal gangue minerals being iron
carbonate and carbonates with minor chlorite are typical of
Mattabi-type volcanogenic massive sulphide (VMS) systems: as such,
our exploration drilling to date has been shallow (no greater than
100m vertical depth) and may continue to be so as we continue to
explore along the extensive strike length."
Next Scheduled Exploration Program - March 2014
Results from the geophysical down-hole surveys will be utilized
in conjunction with geochemical and structural analysis to assist
in drill targeting for the next phase of field exploration. In
addition to continued work around targets already drilled and
moving systematically along the 5 kilometre identified strike
length, there are also multiple prospective targets we have not yet
drilled. Given the above, we expect to initiate another phase of
drilling in March consisting of 15-20 holes totaling about 4,000
meters.
About the Cayenne-Chili Property
- The Cayenne - Chili Property hosts a Mattabi-type VMS System
Associated with an adjacent banded iron formation.
- Multiple lenses of mineralization observed in the VenCan
Zn-Cu-Pb showings and Jefferson Zn-Pb-(Cu) deposit indicate a
stacked sequence of mineralized horizons
- 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 21 contiguous mining claims
totalling 9,100 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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