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RPX Red Pine Exploration Inc

0.135
0.00 (0.00%)
11 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Red Pine Exploration Inc TSXV:RPX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.135 0.135 0.14 0.135 0.135 0.135 84,000 00:00:00

Red Pine to Commence Exploration Program on SaraCourt Property

20/04/2011 1:00pm

Marketwired Canada


Red Pine Exploration Inc. ("Red Pine" or the "Company") (TSX VENTURE:RPX) is
pleased to announce the first phase of its 2011 drill program will commence in
early May on the SaraCourt Property, located within the Swayze portion of the
Abitibi Greenstone belt west of Timmins.


This first phase will consist of approximately 3,000 metres of diamond drilling,
targeting two gold zones on the SaraCourt Property: the Mortimer and Michelle
gold zones. In addition, Red Pine will conduct mechanical trenching to expose
bedrock on a newly identified porphyry target, called the Maya Zone. This zone
is situated south of the Michelle Zone where grab samples have returned gold
values of 23.32 g/t, 15.09 g/t, and 21.95 g/t(i). ((i)This information is
historical in nature and not 43-101 compliant and therefore should not be relied
upon. The information was taken from a summary report on the exploration program
for January 1985 - Coppell, Newton, and Dale Townships by David S. Hunt).


Previous Exploration Highlights

The highlights of the 2010 exploration program include drill results on the
Michelle Zone of 4.05 g/t over 35 metres (RPX10-02), 2.65 g/t over 40 m
(RPX10-08), 2.31 g/t over 6 m, 3.26 g/t over 4 m, 2.84 g/t over 4.4 metres, and
1.12 g/t over 12 metres from mineralized porphyry dykes. Details are in the
press release dated October 21, 2010.


On the Mortimer Zone, channel sampling returned 23.74 g/t gold over 12 metres,
including 54.98 g/t gold over 5 metres as detailed in the March 16, 2010 press
release.


The SaraCourt Property is situated within the revitalized Swayze Greenstone Belt
as demonstrated by the recent exploration success in the area west of Timmins by
Trelawney Mining to the south east and by Probe Mines to the west of the Red
Pine project.


2011 Program Undergoes Full Technical Analysis

The Company's technical advisors have outlined a significant exploration program
for 2011 that is the result of a focused analysis from a combination of
geologic, geochemical and geophysical data within highly prospective areas of
the property. The technical team consists of Hadyn Butler, P.Geo., Dr. James
Franklin, Ph.D., P.Geo., Dr. Jean-Philippe Desrochers Ph.D., P.Geo., and
geophysicist Martin St. Pierre. Assisting these technical advisors will be the
Company's Senior Geologist, Myles Johnson.


Drilling will focus on the following zones:

Mortimer Zone Targeted for Immediate Drilling



--  Six gold targets at Mortimer selected - planned to drill 6-8 holes
    totalling 2,000 metres 
--  Updated structural interpretation completed by technical team 
--  Magnetic and IP anomalies coincide with the nearby and past-producing
    Kenty Mine - grab samples along this trend have returned results from
    greater than 6 g/t to 90 g/t gold suggesting that the geophysical trends
    represent an extension of the gold mineralization present at the Kenty
    Mine 
--  Drill targets will focus on these IP anomalies that occur at favourable
    locations based on the structural interpretation 
--  The Kenty mine is characterized by gold bearing veins hosted in an
    easterly-trending gabbro intrusive; Geophysical interpretation of a fold
    (structural trap) is interpreted to exist east of the Kenty Mine 
--  Crites Drilling of Connaught, ON has been contracted to complete the
    drill program 



Michelle Zone Scheduled for Drilling following Mortimer work Program



--  Three gold targets at Michelle selected for drilling immediately
    following the completion of drilling on the Mortimer zone - planned to
    drill 3-5 holes totalling 1,000 metres 
--  Hole to hole IP/resistivity survey, completed by Abitibi Geophysics, has
    identified two new targets in the northern region of the Michelle zone 
--  Primary new target from the down hole IP survey is a chargeability
    target located along the down dip extension of the gold bearing zone
    intersected by RPX10-02 (7.4 g/t gold over 14.42 m including 15.72 g/t
    gold over 3 m) 
--  The chargeability anomaly likely represents a higher concentration of
    pyrite which may host a significant zone of gold mineralization 



Maya Zone - A newly identified large and unexplored Porphyry target for
Prospecting and Trenching




--  The Maya Zone has been identified by a team of geologists from the
    Geological Survey of Canada and the Ontario Geological Survey as a large
    quartz feldspar porphyry intrusive  
--  The airborne geophysical data supports this interpretation with a
    magnetic low area measuring over 1 km square  
--  The larger gold deposits within Timmins Gold Camp are associated and
    proximal to similar felsic porphyries 
--  A large boulder field lies within this area where felsic volcanic rock
    units have been intruded by quartz feldspar porphyry  
--  Anomalous gold values from grab samples of 23.32 g/t, 15.09 g/t and
    21.95 g/t were reported by Placer Dome hosted within felsic volcanic
    boulders(i) ((i)This information is historical in nature and not 43-101
    compliant and therefore should not be relied upon. The information was
    taken from a summary report on the exploration program for January 1985
    - Coppell, Newton, and Dale Townships by David S. Hunt).  
--  An interpretation of a 1980's IP survey being completed  
--  Prospecting of the zone to commence after breakup  
--  Trenching program planned for late spring 



About The SaraCourt Property

The SaraCourt Property is a regional land package of contiguous, high-potential
gold properties totalling approximately 28,000 hectares of patented and
unpatented mining lands. Located in and along the newly defined DZ3 Gold
Deformation Corridor, the Property holds a series of deformation zones and
regional fault branches that host abundant gold showings and join the
Destor-Porcupine Deformation Zone to the northeast, and join to the western
extension of the Larder Lake Deformation Zone fault that branches to the
southwest. The Destor-Porcupine Fault Zone is spatially associated with gold
deposits in the Timmins-Porcupine Gold Camp that have produced more than 65
million ounces gold to date.


Quentin Yarie, P.Geo, Senior Vice President of Exploration is the qualified
person for the technical data contained within this report.


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.


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