Red Pine Commences Exploration Program on SaraCourt Property West of Timmins
May 19 2011 - 8:00AM
Marketwired
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.
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 (416) 364-2753 (FAX)
www.redpineexp.com
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