Red Pine Exploration to Commence Mechanized Trenching on its Cayenne Property
08 Maggio 2014 - 2:00PM
Marketwired Canada
Red Pine Exploration Inc. (the "Company" or "Red Pine") (TSX VENTURE:RPX) is
mobilizing for a mechanized trenching program on its Cayenne Property today.
The trenching program's aim is to uncover and better understand the geology of
the upper/northern exhalite horizon with the mineralized zones at the Jefferson
deposit and the VenCan showing. Stripping of trenches perpendicular to the main
mineralization will also be completed to better define the main lithological
units.
Iron-rich exhalites, formed by sub-seafloor hydrothermal activity, are
prospective of VMS mineralization(1). They can occur in close proximity to
massive sulfide deposits and are a useful vector to ore according to J.M.
Franklin, PhD, FRSC, PGeo. The upper exhalite at Cayenne has seen limited
exploration in the past but the stringer-type mineralization pervasive within
this horizon indicates that it has potential to host massive sulfide (VMS)
mineralization.
The new surface information to be obtained from this program, which will take
approximately 2-4 weeks to complete, combined with the results of the recent
Winter 2014 drilling program will better constrain the main mineralized zones
and help direct future exploration efforts.
About the Cayenne Property
-- The Cayenne Property hosts a Mattabi-type VMS system associated with an
adjacent banded iron formation.
-- 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).
(1) Galley, A.G, Hannington, M.D., and Jonasson, I.R., 2007, Volcanogenic
massive sulphide deposits, in Goodfellow, W.D., ed., Mineral Deposits of Canada;
A Synthesis of Major Deposits-Types, District Metallogeny, the Evolution of
Geological Provinces, and Exploration Methods: Geological Association of Canada,
Mineral Deposits Division, Special Publication No.5, p.141-161.
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 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 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".
For more information about the Company visit 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
qyarie@redpineexp.com
Red Pine Exploration Inc.
Mia Boiridy
Investor Relations
(416) 364-7024
mboiridy@redpineexp.com
www.redpineexp.com
Grafico Azioni Red Pine Exploration (TSXV:RPX)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Red Pine Exploration (TSXV:RPX)
Storico
Da Dic 2023 a Dic 2024