Red Pine Exploration Provides Updated Assays for Cayenne Property, Drilling to Re-Commence in April
26 Março 2014 - 9:00AM
Marketwired Canada
Red Pine Exploration Inc. (the "Company" or "Red Pine") (TSX VENTURE:RPX) is
pleased to announce that it has received updated assay results from its December
2013 drilling program.
Zinc Assay Results Improve
The updated assay results indicates an intersection of 27.47 metres of 9.36%
zinc ("Zn") including 12.71 meters of 16.51% Zn which replaces the previously
reported intersection of 27.47 metres of 8.02% Zn including 12.71 metres of
13.64%. The complete updated assay results are reported below in Chart 1.
Red Pine has completed 2 drilling programs on the property to-date. The December
2013 program, completed just prior to Christmas, included 3 drill holes and 10
additional holes were drilled starting in late January. The assay results for
the first program were reported in Red Pine's press release on January 24, 2014.
Red Pine's Standard Quality Assurance & Quality Control ("QA/QC") protocols
indicated that the lead assay results reported on the first three holes appeared
to be understated through the high grade areas. The Company also indentified
that discrepancies in assays of certified reference materials had occurred which
resulted in drill results being delayed while these issues were being examined.
Samples of certified reference materials are both routinely and randomly
inserted into the sample work orders to monitor analytical results.
As a result of these discrepancies, the Company immediately halted all further
processing of the high-grade massive sulfide material from the remaining 10
holes pending the validation of the analytical and pulverisation methods for
high grade material used by the certified assay lab.
Following standard protocol, the Company also sent both pulp and course reject
samples to other accredited assay labs for verification of the results. With the
confirmation by all 3 accredited labs that all assay results including lead now
fall within acceptable tolerances, the Company is fully satisfied that the lead
assay and certified reference material issues have been addressed and rectified.
Pending Assay Results of 2014 Exploration Program
The Company has selected ALS Global to complete the assays and expects to
receive all results within the next three weeks. These results will then need to
be reviewed and any assays over limit or gold assays will have to be finalized
prior to release.
Chart 1: Updated Significant Assay Results from December 2013 Program
----------------------------------------------------------------------------
Borehole From To Length(i) Zinc % Copper % Lead %
(m) (m) (m) (Zn) (Cu) (Pb)
----------------------------------------------------------------------------
CC13-01 11.00 38.47 27.47 9.36 0.41 0.87
----------------------------------------------------------------------------
includes 23.54 36.25 12.71 16.51 0.81 1.39
----------------------------------------------------------------------------
26.53 33.53 7.00 16.47 1.26 1.99
----------------------------------------------------------------------------
CC13-02 2.26 18.70 16.44 3.83 0.08 0.51
----------------------------------------------------------------------------
includes 2.26 6.90 4.34 11.63 0.28 1.54
----------------------------------------------------------------------------
Note: The sampled intervals in Chart 1 are the same as those presented in the
January 24, 2014 press release. At the time of today's release the updated
silver assays have not yet been received.
Next Scheduled Exploration Program - April 2014
The delay in receiving final analytical results from the recent drill program
has forced a delay in the intended mobilization date for our next drill program.
The next phase of drilling consisting of 15-20 holes totaling about 4,000 metres
will be initiated in April, 2014.
Red Pine QA/QC Protocols for Analytical Testing
Following a thorough review of all quality procedures including the selection of
certified reference materials and blanks as well as the sample frequency of
these standards used for verifying assay results, the Company is fully satisfied
that all assay testing will now fall within allowable standard deviations or
tolerances for such test results. The Company will continue to insert certified
reference materials and blanks at regular intervals and to assay duplicates at a
second accredited lab.
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 Zn-Cu-Pb
showings and Jefferson Zn-Pb-(Cu) deposit indicate a stacked sequence of
mineralized horizons
-- 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 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 4096 hectares. The Company's common
shares trade on the TSX Venture Exchange under the symbol "RPX".
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
Red Pine Exploration (TSXV:RPX)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Red Pine Exploration (TSXV:RPX)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
