Red Pine Shares Geophysical Interpretation of the Intrusive Related Gold System
Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) reports that a transient magnetotelluric (“MT’’) survey that was conducted for Red Pine in May 2017 on the Surluga project has been reinterpreted. One-hundred and thirty-seven stations were collected with a station and line spacing of 300 metres.
In 2017 a three-dimensional inversion of the phase-tensor, tipper and horizontal magnetic transfer function was performed and recently the results have been further refined and interpreted. The 3D inversion clearly shows that the Jubilee Stock is a large intrusive complex that is now known to host an intrusion-related gold system. This interpretation is supported by inversions of not only the Mt survey, but airborne time domain electromagnetics (EM) (VTEM), airborne magnetics (Hogg), drilling results, geochemistry, and surface mapping. Historical work from the OGS indicate that the Jubilee Stock is a shallow-level subvolcanic intrusion (Ontario Geological Survey Open File Report 5586), a critical ingredient for the formation of intrusion-related gold mineralization.
Highlights – Geophysics Interpretation (Figure 1)
- Large intrusive complex mapped; >7km strike X >5km and run over 3km deep.
- Demagnetization zones identified along structural corridors like the Jubilee sheer.
- Multiple areas of interest identified with significant discovery potential.
- Provides direction for current drill program in identifying the Intrusion Related Gold System ‘’IRGS”.
- Illustrates the extension of the Jubilee and Hornblende shear to depths >1.5km
The correlation of the magnetic 3d inversion (for ease anti correlation shown – blue) adds significant credence to the revised interpretation. The interpreted intrusion is shown in orange and color varies with changes in the resistivity. Figure 2 clearly illustrates how the magnetic low wraps around the interpreted intrusive complex.
Figure 3 displays the overprint of the Jubilee and Minto shear within the IRGS. The “hole” within the IRGS is a result of the late fluid movement associated with the alteration system resulting in the Surluga and Minto resources respectively. Figure 4 is a cross section view looking North with both the interpreted Surluga and Hornblende shear zones clearly being overprinted with the intrusive complex.
The geophysical interpretation: the presence of deep-rooted resistivity anomalies (> 3000 m) that extend to shallow depth (< 200 m), and which in some cases coincide with local shear and fault structures provides evidence of a large intrusive system with well-developed pathways for fluid flow, a critical ingredient for mineral deposition.
Qualified Person
Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s shares trade on the TSX Venture Exchange under the symbol “RPX” and on the OTCQB Markets under the symbol “RDEXF”.
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.
For more information about the Company, visit www.redpineexp.com
Or contact:
Quentin Yarie, President and CEO
(416) 364-7024
qyarie@redpineexp.com
Or
Carrie Howes, Director Corporate Communications
(416) 644-7375
chowes@redpineexp.com
1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.
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Figure 1 Location Map
Figure 2 MT and Magnetic Susceptibility Inversions
Figure 3 Overprint of Shear Systems on the MT inversion
Figure 4 Cross Section illustrating Overprint of Shear Systems