Red Pine Exploration Files NI 43-101 Technical Report for its Minto Mine South Project
Press Release
Toronto, Ontario – December 31, 2018 – Red Pine Exploration Inc. (TSX-V: RPX) (the “Company” or “Red Pine”) confirms that it has filed on SEDAR the National Instrument 43-101 (“NI 43-101”) technical report in support of the initial Mineral Resource Estimate for the Minto Mine South Project, announced on November 15, 2018.
The independent technical report has an effective date of December 31, 2018 and was prepared by Golder Associates Ltd. (“Golder”). The resource estimate was completed by Brian Thomas, P.Geo., an independent Qualified Person (QP), as defined in NI 43-101.
The technical report is available on SEDAR at www.sedar.com.
HIGHLIGHTS INCLUDE:
- 105,000 tonnes at 7.5 g/t gold in the Indicated category for 25,000 ounces of gold;
- 354,000 tonnes at 6.6 g/t gold in the Inferred category for 75,000 ounces of gold;
- Resource remains open in all directions;
- 100% of the Indicated resource is located at less than 180 metres vertical depth;
- 92% of the Inferred resource is located at less than 235 metres vertical depth.
Summary
The technical report and initial resource estimate highlight many key features of the Minto Mine South Project. The mineral resource is reported at a 3.5 g/t break-even mining cut-off gold grade, and classified according to the Canadian Institute of Mining, Metallurgy, and Petroleum (“CIM”) Definition Standards for Mineral Resources and Mineral Reserves (May 2014). The effective date of this Resource Estimate is November 7, 2018
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