Red Pine Exploration Completes Field Program on Cayenne-Chili
07 Octubre 2013 - 7:00AM
Marketwired Canada
Red Pine Exploration Inc. (TSX VENTURE:RPX) has recently completed an IP survey
and second phase bedrock sampling program over its Cayenne-Chili Property. The
Cayenne-Chili Property consists of 24 contiguous mining claims and patents
totalling 3900 hectares. The claims sit in a region interpreted as the western
extension of both the Larder-Cadillac deformation zone and the second a western
extension from the Porcupine-Destor deformation zone to the north.
New VMS Occurrences Discovered
The initial prospecting, mapping and channel sampling program completed in July,
2013 across the property returned numerous, significant polymetallic assay
values that are characteristic of a volcanogenic massive sulphide (VMS)
mineralized system. The program identified an extensive alteration system with
sodium depletion and chlorite enrichment, a geochemical assemblage
characteristic of a VMS system. The second round of bedrock sampling was
designed to augment the newly discovered anomalous zones.
Individual bedrock samples from the new Zones of interest include:
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ID Zone Cu_ppm Zn_ppm Ag_ppm Pb_ppm
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CA0001 New Zone A 11800 205 3.18 3.86
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CA0002 New Zone A 1220 26.3 0.469 5.38
----------------------------------------------------------------------
CA0159 New Zone B 1330 6390 2.21 83.1
----------------------------------------------------------------------
CA0450 New Zone C 10700 247000 19 156000
----------------------------------------------------------------------
CA0607 New Zone C 103 4150 0.843 1950
----------------------------------------------------------------------
CA1006 New Zone D 1150 2920 1.54 25.5
----------------------------------------------------------------------
'New Zone C' reported highly anomalous values of 24.7% zinc, 15.6% lead and 1.1%
copper. These values are similar to those reported on the historical exploration
on the nearby 'Jefferson Deposit'(1), with the exception of the highly anomalous
copper (Cu) values. The historical (1950's) results intersected 4.43% Zn and
1.25% Pb over 22.9m and 9.1% Zn and 11.5% Pb over 6.9m, but no appreciable
copper. In the 1980's work by Falconbridge encountered 2.7% Zn over 9.12m and
1.6% Zn over 13.83m, with another hole reporting 1.7% Zn over 17.2m. The newly
identified copper mineralization leads Company geoscientists to believe that a
'heat vector' towards the source of the mineralization can now be established.
Quentin Yarie, president and COO commented: "It is promising to find high grade
mineralization beyond the historic showings which complements the current
geophysical interpretation. The alteration and VMS mineralization observed at
surface is much more extensive than we had believed based on our review of the
previous exploration programs. We also have a high priority geophysical target
immediately north of the sodium (Na) depleted footwall materials - a setting
similar to Sturgeon Lake."
During the initial exploration program in July, 2013 channel samples were
conducted in the areas of the 'Jefferson Deposit'(1) as well the previously
identified Vencan Zinc showing. Composite results of these channel samples are
presented below:
----------------------------------------------------------------------------
Length
Channel (m) Zone Mineralization (cutoff greater than 0.5%)
----------------------------------------------------------------------------
Vencan
Zinc
VenCanZinc1 2 Showing 12.35 G/t Silver
----------------------------------------------------------------------------
Vencan
Zinc
VenCanZinc2 1 Showing 0.577 % Zinc
----------------------------------------------------------------------------
Vencan 8.75 % Zinc, 14.8 % Lead and 14.10 G/t
Zinc Silver, including 1 meter of 0.599 %
VenCanZinc3 2 Showing Copper
----------------------------------------------------------------------------
Vencan
Zinc
VenCanZinc4 1 Showing 5.75 % Zinc
----------------------------------------------------------------------------
Vencan
Zinc
VenCanZinc5 2 Showing 3.58 % Zinc and 0.844 % Lead
----------------------------------------------------------------------------
Vencan
Zinc
VenCanZinc6 1 Showing 2.97 % Zinc and 0.63 % Lead
----------------------------------------------------------------------------
Vencan
Zinc 11.25 % Zn, including 1 meter of 1.05 %
VenCanZinc7 2 Showing Lead and 8.76 G/t Silver
----------------------------------------------------------------------------
Jefferson
Jefferson 3 Showing 10.3 % Zinc and 0.75 % Lead
----------------------------------------------------------------------------
Individual bedrock samples from the Jefferson also included:
----------------------------------------------------------------------
ID Zone Cu_ppm Zn_ppm Ag_ppm Pb_ppm
----------------------------------------------------------------------
CA1292 Jefferson Zone 202 15000 3.35 1000
----------------------------------------------------------------------
JM003 Jefferson Zone 728 38800 34.6 262000
----------------------------------------------------------------------
Geophysical Survey Completed
During September, Red Pine contracted ClearView Geophysics of Brampton, ON to
complete an IP survey to compliment an IP survey completed in 2006 (also
conducted by ClearView Geophysics). Results of this program are pending. The
pending data will be interpreted in conjunction with the extensive geophysical
data set, geochemistry, geological and structural analysis to develop targets
for a planned drilling program later this year.
(1)The mineral resource outlined here is a non-compliant NI 43-101 Mineral
Resource since it is historical in nature and should not be relied upon. There
is no direct evidence that these numbers or any portion thereof will ever be
achieved at any time with further exploration work. These are historical
resource estimates that do not comply with the current Canadian Institute of
Mining, Metallurgy and Petroleum Resources (CIM) Definition Standards on Mineral
Resources and Mineral Reserves as required by National Instrument 43-101 (NI
43-101) "Standards of Disclosure for Mineral Projects."
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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Red Pine Exploration Inc.
Quentin Yarie
President & COO
(416) 364-7024
(416) 364-2753 (FAX)
qyarie@redpineexp.com
www.redpineexp.com
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