Red Pine Exploration Defines New DZ3 Gold Trend With Immediate Gold Targets

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TORONTO, ONTARIO--(Marketwire - June 7, 2010) - Red Pine Exploration Inc. ("Red Pine" or the "Company") (TSX VENTURE:RPX) announces that it has identified immediate gold targets along a newly defined gold trend which encompasses its newly acquired series of contiguous gold properties located in the Dore, Swayze, Coppell, Newton and Dale Townships, southwest of Timmins, Ontario.

This contiguous regional land package, totaling approximately 28,000 hectares of patented and unpatented mining lands, is located in and along the newly defined DZ3 gold trend, which appears to be a series of deformation zones and regional fault branches defining the southern boundary of abundant gold showings and joining the Destor-Porcupine Deformation Zone to the northeast, and joining the western extension of the Larder Lake Deformation Zone fault branches to the southwest. Notably, the Destor-Porcupine Fault Zone also forms the southern boundary of gold deposits in the Porcupine Gold Camp (production exceeding 65 million ounces of gold to date).

New DZ3 Gold Identified by Hadyn Butler, P.Geo

Red Pine's consulting geologist, Hadyn Butler, P.Geo. has consulted on recent Porcupine district gold discoveries by Trelawney Mining and Lakeshore Gold. He discovered the Crixas Mina III outcrops in Brazil in 1976, and has been examining Archean gold deposits since 1972, and also brings current insights on the spatial associations of producing gold mines and gold mineralization in the gold camps of Ontario. Hadyn Butler was the catalyst for Red Pine's property acquisition, which because of it complexity and size, took a year to complete.

Hadyn Butler comments, "In the past 35 years, gold exploration by companies in the western Abitibi has been scattered and unfocused. New evidence on the origin of mesothermal gold deposits has greatly improved over time. For instance, the approx. 30 years of field work done by prospector Charlie Mortimer and the new results exhibited by his efforts confirms the gold mineralization potential of the Project. The veins all feature the typical characteristics of significant mesothermal gold vein systems. Considering that many plus-meter mesothermal veins have been found over a distance of several kilometers and the presence of the adjacent Kenty Mine, this gives Red Pine a definite opportunity for new discovery."

New Properties Possess Potential for Economic Gold Discovery

Recent agreements for 100% of the "Goldcorp Property" and an exclusive option on the "Algoma Talisman Minerals (ATM) Properties" (properties explored between 1982 and 1988) included a large proprietary data set collected by Placer Dome Canada. These data sets were not accessible previously (for instance, to Greenshields Resources Inc. who had optioned some of the land) and place Red Pine in a position of advantage.

This proprietary data is currently being compiled using GeoSoft(TM), GoCAD(TM) and MapInfo(TM), providing the Company with an overview of previous exploration and is invaluable for outlining drill targets. Red Pine is also undertaking a new airborne survey of its claim holdings. The Company has identified 3 immediate gold targets based on the Placer Dome data sets, as Red Pine compiles 3D models of the drill-hole and surface data.

Placer Dome initially discovered the 3 identified gold targets (hosting ore-grade gold intersections over narrow widths) similar in style to gold deposits found elsewhere in the Abitibi. Defined as the "East Zone," "West Zone" and "West Zone Extension (WZE)," the targets appear to straddle a parallel shear structure like that seen at the Orofino Mine (746,946 tonnes of 5.34 grams per tonne (gpt) gold; 128,151 ounces gold). A fourth gold zone explored by Greenshield Resources Inc., known as the "A Zone" (which incorporates Placer Dome's "G" Zone along strike) is located on a similar parallel shear structure approximately 2 km north of the WZE.

"WZE" was discovered in 1985 with hole 196H-23 intersecting felsic porphyry grading 5.06g/t Au over 8.09m (along the core axis). Three follow-up holes were then drilled to test the mineralization: two lateral (26m) step-outs each collared 30m to the south of 196H-23 and intersected similar mineralization. The third hole (196H-74 drilled in 1988) was collared 103m directly south of 196H-23, and was drilled to the north at a proposed "sub-parallel" angle to the 196H-23 zone intersecting 6.97g/t Au over 20.33m. Previous interpretations of the mineralized zone await new field work.

Gold Values in Surface Samples

To date the "A" Zone has returned some of the most significant gold values in surface samples. Fourteen grab samples in an area of 30x5m returned samples ranging from 3.09-22.22g/t Au in strongly altered basalt. In an outcrop 50m west of the "A" Zone a grab sample (similar in character to those in the "A" Zone) returned an impressive 40.73g/t Au. Greenshield did a follow-up drill program with a series of fans drilled to shallow depths. The best of these were G-04-16, 17 & 18 which encountered high strain altered basalt with narrow sill-like quartz-feldspar porphyry bodies (both lithological units containing anomalous Au values) and assayed; G-04-16 had 4.24g/t Au over 3.65m (including 5.67g/t over 1.90m) G-04-17 had 1.92g/t Au over 6.95m and G-04-18 had 4.48g/t Au over 2m.

The "L23 W Zone," discovered by Greenshield Resources during regional prospecting, is found 400m west of Dome's "WZE", and had several anomalous grab samples with gold values up to 34.29g/t Au. Greenshields follow-up drilling in 2004 returned 2.35g/t Au over 13.35m in hole G-04-26 and includes 3.02g/t Au over 9.75m. As with "WZE," more work is required in the "L23W Zone" to delineate the mineralized zone.

Charlie Mortimer Project

Red Pine purchased the Charlie Mortimer Project property in fall of 2009. High-grade gold concentrations across substantial widths resulted from sampling of the C1 Trench (see press release March 16, 2010). Field examination of cleaned outcrops has also established that the Property contains a number of newly discovered discrete plus-meter scaled mesothermal gold-bearing veins (often containing visible gold) over a known distance of at least 3 kilometers surrounding the Kenty Mine within a sequence of pillow basalts - a classic iron-rich host for sizable gold deposits in the Abitibi and other significant Archean greenstone gold camps.

As detailed in the Companies March 16, 2010 news release, channel sampling on trench C1 returned 23.74 g/t gold over 12 metres including 54.98 g/t gold over 5 metres in an area where flat-lying and sub-vertical quartz-carbonate stock works exist.

Red Pine's latest property acquisitions - the Charlie Mortimer Property, the Algoma Talisman Property and the Goldcorp Property, encompass approximately 30 kilometres of the DZ3 gold trend.

Administration

A total of 590,000 options were reissued to Directors, Officers and Consultants of the Company on May 31, 2010 under the terms of the incentive stock option plan of the Company filed with the TSX Venture Exchange and approved by shareholders at the last Annual General Meeting of Shareholders of the Company held on January 27, 2010. The options are exercisable at a price of $0.10 per share for a period of four years and are subject to a four-month hold period from the date of the issuance.

Randall Salo, P.Geo. is the Exploration Manager and is overseeing the field exploration program on behalf of Red Pine, and is the qualified person for the technical information contained in this press release.

Forward-looking statements include, receipt of regulatory approval, statements on the proposed use of proceeds; completion of financing on terms proposed; the ability to raise additional funds as required; the development potential and timetable of the Company's properties and minerals; the current and future price of minerals the Company explores; the estimated size of mineral deposits on the Company's properties; the realization of those mineral deposit estimates; the timing and amount of estimated future exploration, development and production; costs of future exploration, development and production activities; success of exploration activities; government regulatory matters; discussion of political and environmental risks.

Forward-looking statements are based on the opinions and estimates of management of the Company. Forward-looking statements are subject to known and unknown risks that may cause actual results to be materially different from stated opinions and estimates of management. Some of the Company's more material risks are: availability and timing of external financing; unexpected events and delays during exploration; receipt of government and stock exchange approvals; results of current exploration activities; future price of minerals; political risks in the locations of the Company's properties; appreciation/depreciation of foreign currencies relative to the United States Dollar (the Company's functional currency) and other risks inherent in the mining and exploration industry.

While Company's management has attempted to determine the factors that could cause actual results to differ materially from estimated results contained in forward-looking statements, there may be other factors that cause results not to be as anticipated. The Company provides no assurance that such forward-looking statements will prove accurate or not materially different than projected. Therefore readers of this and other press releases issued by the Company should not place unreasonable reliance on stated forward-looking statements.

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