Red Pine Commences Exploration Program on SaraCourt Property West of Timmins
May 19 2011 - 8:00AM
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 has commenced 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. Crites Drilling of Connaught, ON is the contractor for this drill
program.
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 21.95g/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).
Drilling Details by Zone
Mortimer Zone
-- Six gold targets at Mortimer selected from an updated structural
interpretation completed by technical team - planned to drill 6-8 holes
totalling 2,000 metres
-- 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
Michelle Zone
-- 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 14.42m including 15.72 g/t
gold over 3m)
-- The chargeability anomaly likely represents a higher concentration of
pyrite which may host a significant zone of gold mineralization
Maya Zone
-- 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, unexplored quartz feldspar porphyry intrusive
-- The larger gold deposits within Timmins Gold Camp are associated and
proximal to similar felsic porphyries
-- Anomalous gold values from grab samples of 23.32 g/t, 15.09 g/t and
21.95g/t were reported by Placer Dome(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).
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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