These new results expand the exploration potential at depth in the Jubilee Shear and continue to expand the footprint of gold mineralization within gaps/hole of the existing Surluga resource.
Intersection of significant mineralization in the Jubilee Shear outside the footprint of the existing resource o 3.80 g/t gold over 36.94 metres including 24.04 g/t gold over 1.71 metres and 46.9 g/t gold over 1.04 metres in SD-23-456
Extension of mineralization 370 metres down-dip of the existing resource and 400 metres north of the Surluga South discovery in the Jubilee Shear in SD-23-448 o 5.33 g/t gold over 2.09 m in SD-23-448 approximately 80 metres north from the intersection 5.61 g/t gold over 7.85 m including 21.6 g/t gold over 1.35 m in SD-23-455 o Support the presence of a zone of significant gold mineralization at depth north of the Surluga South discovery.
Continue to expand the footprint of mineralization in the Minto B and Minto C Shear system above the Jubilee Shear m o 3.91 g/t gold over 3.90 m including 9.13 g/t gold over 1.21 metres in the Minto C Shear system in SD-23-452 1.27 g/t gold over 21.96 metres in a zone of IRGS mineralization deformed in the Minto B Shear in the foot wall of the Surluga resource.
Update on Red Pine ongoing Exploration Red Pine continues its progress a new/revised resource for the
Drilling will still continue at the Wawa Gold Property through the summer and fall of 2024. Red Pine has a steady pipeline of samples from the exploration program that are going for analyses with currently 5711 samples with pending assays.
Quality Assurance/Quality Control ('QA/QC') Measures
Drill core samples were transported in security sealed bags for analyses to Actlabs in
Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.
About
Contact:
Tel: (416) 364-7024
Email: qyarie@redpineexp.com
Cautionary Note Regarding Forward-Looking Information
This news release contains statements which constitute 'forward-looking information' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance.
Forward-looking information is often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. Forward-looking information contained in this news release includes but may not be limited to:' the potential for a hybrid pit and underground project'. Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Such opinions, assumptions and estimates are inherently subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and weather, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance.
This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including the Company's annual information form, financial statements and related MD&A for the year ended
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
(C) 2023 Electronic News Publishing, source