TORONTO, ONTARIO--(Marketwired - May 8, 2017) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or "the Company") is pleased to announce that the 2017 Institute on Lake Superior Geology Annual Meeting will be showcasing the Wawa Gold Project with a field trip on Tuesday May 9, 2017.
Quentin Yarie, President and CEO of Red Pine, stated, "Being invited to participate in the 63rd Annual Meeting of the Institute on Lake Superior Geology is a unique opportunity and it speaks to the quality and breadth of our technical team. We are excited to welcome participants and showcase our Wawa Gold Project. Being able to take fellow geoscientists on a visit of the property, share our findings and receive insights from peers is extremely valuable as we continue to advance exploration."
Wawa Gold Project Highlights
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100% owned land position between JV partners
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2 km southeast of the Municipality of Wawa, Ontario, close to roads, power and other infrastructure
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8 past producing mines on property with historical production of 120,000 oz gold at 9.04 g/t average grade1
> 1M oz Inferred Gold Resource at 1.71 g/t (0.5 g/t cut-off)2
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Near surface mineralization
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Open in all directions
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Historical royalties held by Red Pine
Considerable Growth Potential
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Potential for multi-million ounces resource
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Newly discovered high-grade gold zones
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Gold mineralization extends 5 km along strike
Preliminary Metallurgical Study Underway
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Optimization of gold and silver recoveries
Significantly Undervalued
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Peer group average trading 2.5 X higher on a EV/oz gold basis
Qualified Person
Quentin Yarie, P Geo., is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.
About the Institute
The Institute on Lake Superior Geology is a non-profit professional society with the objectives of providing a forum for exchange of geological ideas and scientific data and promoting better understanding of the geology of the Lake Superior region. The major activity of the Institute is its Annual Meeting with geological field trips and technical presentations.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. 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".
Red Pine has a 60% interest in the Wawa Gold Project with Citabar LLP. holding the remaining 40% interest. Red Pine is the Operating Manager of the Project and is focused on expanding the existing gold resource on the property.