Red Pine Adds Two Highly Prospective Properties & Provides Exploration Update
April 28 2011 - 9:15AM
Marketwired
Red Pine Exploration Inc. ("Red Pine" or the "Company") (TSX
VENTURE: RPX) is pleased to announce the staking of two new
properties along the Kapuskasing Structural Zone, along with an
update of exploration activities on the SaraCourt Property.
"We have an extensive land package that encompasses various
geologic regimes that are all highly prospective for gold. Red Pine
has been diligent in assembling a highly experienced and expert
technical team that have taken significant time to review the
properties and offer interpretation(s) and recommendations for the
upcoming drill program" - Quentin Yarie
Property Holdings
The company has assembled a land package with a number of
opportunities to host large gold bearing systems:
-- SaraCourt
-- Michelle/Michelle Extension - tightly folded gold bearing porphyry
dykes (7.76 g/t Au over 15.42 metres, including 17.71 g/t Au over 3
metres; see Press Release dated October 21, 2010)
-- Krista Zone - elevated gold hosted in a stacked shear system (4.71
g/t over 1.1 metre and 5.5 g/t over 1.0 metre); see Press Release
dated February 8, 2011)
-- Maya Zone - previously identified large porphyry system on strike
with the Rundle Mine
-- Mortimer - gold bearing shear system adjacent to the Kenty Mine
-- Ava-Claire - newly staked property on strike with the "Borden Lake"
discovery by Probe Mines
-- Butler-Yarie - newly staked greenstone property within the Kapuskasing
structural zone
SaraCourt Property - Michelle Zone Update
As stated in the April 20, 2011 Press Release, drilling will
commence on the Michelle Zone following the completion of drilling
on the Mortimer Zone of the SaraCourt Property.
A hole-to-hole IP/Resistivity survey, completed in February 2011
by Abitibi Geophysics, has identified two new targets, lying
between 100 and 200 metres below the surface, to be followed up
with drilling in the northern region of the Michelle Zone.
The primary target of interest from the hole-to-hole
IP/Resistivity survey is a chargeability anomaly which lies at a
vertical depth of 150 metres in an area which has yet to be drill
tested. This target is located along the down dip extension of the
gold-bearing zone discovered by Red Pine Exploration with drill
hole RPX10-02 (7.76 g/t Au over 15.42 metres, including 17.71 g/t
Au over 3 metres; see Press Release dated October 21, 2010).
Ava-Claire Property
With the recent acquisition of the Ontario Government
public-domain magnetic data, a new geological and geophysical
interpretation was completed by Haydn Butler, P.Geo. This new
interpretation has resulted in the identification of large-scale
geologic structure(s) that the Company's consultants believe have
high gold potential, with a structural model comparable to the
greater than 3,000,000 ounce Tropicana gold discovery in Western
Australia.
The interpretation of these newly identified large-scale
geologic structures also resembles the sediment type deposit of
Probe Mines "Borden Lake Property" (see Probe Mines Press Release
dated November 2, 2010 for more details). This previously
unidentified structure has been staked as the Ava-Claire Property.
Ava-Claire is 470 claim units - or 7,526 hectares in size.
Butler-Yarie Property
The Company's new geological and geophysical interpretation has
also identified as a previously unknown greenstone belt within the
Kapuskasing structural zone, which has been staked as the
Butler-Yarie property. The Company's consultants also believe this
area to be highly prospective for gold mineralization, resembling
the Abitibi-Wawa mesothermal gold deposit model. The land position
consists of 87 claim units representing 1,386 hectares.
A recently completed VTEMplus (Geotech) Airborne survey (March,
2011) has identified a conductive trend, along a high intensity
magnetic feature with an east-west strike length of 5 kilometres,
which the Company believes may represent metallic sulphide
mineralization. The Company will explore the conductor with an
aggressive prospecting program that will begin immediately after
winter breakup.
During the staking process of the Butler-Yarie property a number
of grab samples were taken to identify the host rock materials.
Along the structure identified by both the magnetic and EM it was
noted that the host rocks were not the gneisses typical of the
Kapuskasing structure but greenstone with trace sulphides.
For more information on the Ava-Claire and Butler-Yarie
Properties, please visit the Company's website at
www.redpineexp.com.
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 those 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.
Cautionary Statement: Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Contacts: Red Pine Exploration Inc. Brent Nykoliation Vice
President of Business Development (416) 364-7024 (416) 364-2753
(FAX) bnykoliation@redpineexp.com Red Pine Exploration Inc. Kirk
McKinnon President & CEO (416) 364-7024
http://www.redpineexp.com
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