Red Pine Exploration Provides Updated Assays for Cayenne Property, Drilling to Re-Commence in April
March 26, 2014 (Source: Marketwired) — Red Pine Exploration Inc. (the “Company” or “Red Pine”) (TSX VENTURE:RPX) is pleased to announce that it has received updated assay results from its December 2013 drilling program.
Zinc Assay Results Improve
The updated assay results indicates an intersection of 27.47 metres of 9.36% zinc (“Zn”) including 12.71 meters of 16.51% Zn which replaces the previously reported intersection of 27.47 metres of 8.02% Zn including 12.71 metres of 13.64%. The complete updated assay results are reported below in Chart 1.
Red Pine has completed 2 drilling programs on the property to-date. The December 2013 program, completed just prior to Christmas, included 3 drill holes and 10 additional holes were drilled starting in late January. The assay results for the first program were reported in Red Pine’s press release on January 24, 2014.
Red Pine’s Standard Quality Assurance & Quality Control (“QA/QC”) protocols indicated that the lead assay results reported on the first three holes appeared to be understated through the high grade areas. The Company also indentified that discrepancies in assays of certified reference materials had occurred which resulted in drill results being delayed while these issues were being examined. Samples of certified reference materials are both routinely and randomly inserted into the sample work orders to monitor analytical results.
As a result of these discrepancies, the Company immediately halted all further processing of the high-grade massive sulfide material from the remaining 10 holes pending the validation of the analytical and pulverisation methods for high grade material used by the certified assay lab.
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Following standard protocol, the Company also sent both pulp and course reject samples to other accredited assay labs for verification of the results. With the confirmation by all 3 accredited labs that all assay results including lead now fall within acceptable tolerances, the Company is fully satisfied that the lead assay and certified reference material issues have been addressed and rectified.
Pending Assay Results of 2014 Exploration Program
The Company has selected ALS Global to complete the assays and expects to receive all results within the next three weeks. These results will then need to be reviewed and any assays over limit or gold assays will have to be finalized prior to release.
Chart 1: Updated Significant Assay Results from December 2013 Program
Note: The sampled intervals in Chart 1 are the same as those presented in the January 24, 2014 press release. At the time of today’s release the updated silver assays have not yet been received.
Next Scheduled Exploration Program – April 2014
The delay in receiving final analytical results from the recent drill program has forced a delay in the intended mobilization date for our next drill program. The next phase of drilling consisting of 15-20 holes totaling about 4,000 metres will be initiated in April, 2014.
Red Pine QA/QC Protocols for Analytical Testing
Following a thorough review of all quality procedures including the selection of certified reference materials and blanks as well as the sample frequency of these standards used for verifying assay results, the Company is fully satisfied that all assay testing will now fall within allowable standard deviations or tolerances for such test results. The Company will continue to insert certified reference materials and blanks at regular intervals and to assay duplicates at a second accredited lab.
About the Cayenne Property
- The Cayenne Property hosts a Mattabi-type VMS System Associated with an adjacent banded iron formation.
- The multiple lenses of mineralization observed in the VenCan Zn-Cu-Pb showings and Jefferson Zn-Pb-(Cu) deposit indicate a stacked sequence of mineralized horizons
- Known high grade mineralization – assayed values of up to 24.7% Zn, 15.6% Pb and 1.1% Cu from grab samples along the corridor (2013)
- Close to existing infrastructure (rail line, power, all weather roads)
Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and is responsible for overseeing all aspects of the Company’s exploration programs.
About Red Pine Exploration Inc.
Red Pine Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Cayenne Property consists of 4 mining patents and 21 contiguous mining claims totalling 4096 hectares. The Company’s common shares trade on the TSX Venture Exchange under the symbol “RPX”.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
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