Red Pine Intersects 5.7 g/t Gold over 0.6 Metres and 5.2 g/t over 0.9 Metres 100 Metres below the Current Surluga Resource

TORONTO, April 02, 2020 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces new drilling results from its Winter 2020 exploration program at its Wawa Gold Project, located 2 kilometres southeast of Wawa, Ontario. Hole SD-20-285A and SD-20-286 were testing the deeper extension of the Jubilee Shear Zone, beyond the current footprint of the Surluga Deposit¹. Hole SD-20-285A intersected 5.7 g/t gold over 0.6 metres at a depth of 444 metres down-hole while SD-20-286 intersected 3 zones of high-grade gold mineralization between 541 and 567 metres. These results indicate that gold mineralization does extend beyond the Surluga Deposit’s currently defined depth of 325 metres (Figure 1). The 2020 drill program has been delayed due to COVID-19 (see March 31, 2020 News Release), but exploration activities are ongoing at the Wawa Gold Project and drill results for another 3 holes that were completed prior to the shutdown will be released as they are received.

Quentin Yarie, Chief Executive Officer of Red Pine, stated, "The first set of drill results from the 2020 drill program suggests that the Surluga Deposit continues and can grow at depth. The first drill holes were exploring the largely untested areas of the structure with results showing that there is a broad distribution of gold in the Jubilee Shear Zone indicative of higher-grade gold mineralization within the zone and at depth. We expect that results from the holes that we were able to drill to date will enable us to further define the geometry of the mineralization below the current resource. This newly discovered extension of the Jubilee Shear Zone will continue to be a high priority target when we resume our 2020 drilling program.”

Figure 1. Long section showing location of reported gold intersections

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a3c1284-bdce-4bbf-95a1-c012447b555b

Table 1. Highlights of reported drill results

Table 2. Coordinates of reported holes

Hole SD-20-285A intersected in the Jubilee Shear Zone a 1.3 metre-wide quartz vein rich in pyrite surrounded by weak to moderate white mica alteration, incipient quartz veining and pervasive dissemination of pyrite. Higher grade mineralization is associated with the larger quartz vein.

Hole SD-20-286 intersected the possible outer margin of an array of elongated quartz veins that is characteristic of the higher-grade zones of the Jubilee Shear Zone. In the zones of higher-grade mineralization, elongated quartz veins with disseminated pyrite were observed on one side of the drill core, indicating that the potential center of the array of quartz veins is located east of the trace of the hole. The on-going drill hole is targeting the deeper extension of the Jubilee Shear Zone where the center of the array of elongated quartz veins is potentially located.

On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Ancaster, Ontario. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

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.

Qualified Person
Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

Red Pine has a 64.5% interest in the Wawa Gold Project with Citabar LP. holding the remaining 35.5% interest. Red Pine is the operating manager of the Project and is focused on expanding the existing gold resource on the property.

For more information about the Company visit www.redpineexp.com

Or contact:  

Quentin Yarie, CEO, (416) 364-7024, qyarie@redpineexp.com

Or Mia Boiridy, President, (416) 364-7024, mboiridy@redpineexp.com

¹Wawa Gold Project resource of 1,307,000 tonnes @ 5.47 g/t gold for 230,000 ounces in the indicated category and 2,716,000 tonnes @ 5.39 g/t gold for 471,000 ounces in the inferred category (National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. 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.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1.

Long section showing location of reported gold intersections