Red Pine Exploration Inc. [RPX-TSXV] reported results from its 2019 channel sampling program in the Cooper Shear Zone, part of the Wawa Gold Project located 2 km southeast of Wawa, northern Ontario. The property is held 60% by Red Pine and 40% by Citabar LP, a limited partnership involved in exploration services for the resource sector. The Wawa Project covers over 5,500 hectares and hosts several former mines with combined historic production of 120,000 ounces of gold.
The Cooper Shear Zone is part of the Cooper Deformation Corridor, located 1 km east of the Surluga Deposit and 2.8 km northeast of the Minto Mine South Deposit.
The company recently issued a new resource estimate for the two deposits. The Surluga Deposit has an indicated resource of 205,000 ounces gold grading 5.31 g/t gold and an inferred resource of 396,000 ounces grading 5.22 g/t gold. The Minto Mine South Deposit has an indicated resource of 25,000 ounces gold grading 7.5 g/t and an inferred resource of 75,000 ounces gold grading 6.6 g/t gold.
The Cooper Mine ceased production in 1938, and milled just over 4,400 tonnes at an average grade of 11.4 g/t gold. Geologically, the mineralized gold structures of the Cooper Deformation Corridor are similar to the Minto Mine South Structure that hosts the Minto Mine South Deposit.
Channel sampling highlights:
The mineralized strike length of the Cooper Shear Zone extends for at least 700 metres;
High-grade gold occurs within the Cooper Shear Zone over a strike length of 560 metres:
Channel sample CG-1-2 returned 33.6 g/t gold over 1.4 metres;
Channel sample CG-1-1 returned 26.9 g/t gold over 0.5 metres, and
Channel sample Cooper 3-1 returned 9.6 g/t gold over 5.4 metres including 34.1 g/t gold over 1.05 metres;
Channel sample Cooper-5b-2 returned 14.1 g/t gold over 1.4 metres.
Red Pine discovered an additional two shear zones parallel to the Cooper Shear Zone that contain high-grade gold mineralization
Channel sample Cooper-11-2 in Cooper 11 Shear Zone returned 12.8 g/t gold over 0.4 metres; and Channel sample Ganley-1-2 in Ganley Shear Zone returned 6.3 g/t gold over 1.1 metres.
Quentin Yarie, President and CEO of Red Pine, stated, “The results of our channel sampling program have exceeded our expectations as it shows that high-grade gold exists over a strike length exceeding 550 metres in the Cooper Shear Zone. In addition, we identified two parallel structures that appear to host high-grade gold zones, the Cooper 11 and the Ganley Shear Zone. We have started actively drilling the Cooper Shear Zone and the adjacent structures to extend, at depth, the promising zones of high-grade gold mineralization that were discovered.”
Red Pine’s 2019 trenching in the Cooper Shear Zone defined the footprints at surface of high-grade gold mineralization in the Cooper Shear Zone and characterized the geological controls on the geometry of the high-grade gold zones.
In addition, Red Pine discovered two additional structures that are similar to the Cooper Shear Zone, the Cooper 11 and the Ganley Shear zones. Both structures are mineralized and could possibly contain zones of high-grade mineralization similar to the ones discovered in the Cooper Shear Zone.
Red Pine is currently drilling at the Cooper Structure to define the extension, at depth, of the zones of high-grade mineralization that were identified in the Cooper Shear Zone. This program will be followed by drilling at the Surluga Deposit to prove its continuation to depth, beyond the footprint of the current resource,