Red Pine discovers two high-grade structures: Intersects

TORONTO, Dec. 01, 2022 (GLOBE NEWSWIRE) — Crimson Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Crimson Pine” or the “Firm”) is happy to report new outcomes from its 2022 exploration program. Crimson Pine continues to increase the footprint of mineralization outdoors the present useful resource of the Surluga Deposit and quantify extra gold bearing constructions on the property.

The exploration program of Crimson Pine continues to validate the presence of a big gold system on the Wawa Gold Venture.

Exploration highlights embody:

• Proceed to increase mineralization past the present useful resource of the Surluga Deposit
• Proceed to establish and quantify extra gold bearing constructions on the property
• Wawa Gold hall west of the Jubilee Shear Zone:
  • SD-22-371 – 2.69 g/t Au over 4.01 m together with 8.48 g/t Au over 1.15 m
• Exploration confirms the presence of each high-grade mineralization and a number of gold zones in a newly recognized giant intrusion-related gold system (IRGS) west of the Jubilee Shear Zone
  • The Abitibi greenstone belt comprises a number of IRGS associated deposits. For instance, the Younger-Davidson and the Côté Gold deposits
• Continuity of mineralization within the IGRS is supported by gold intersections in 5 drill holes which can be protecting 175 m within the system
  • SD-22-376 – 5.57 g/t gold over 8.51 m together with 8.26 g/t gold over 1.38 m and 19.39 g/t gold over 1.11 m
• At a bigger scale, mineralization related to the IGRS west of the Jubilee Shear Zone will be traced over 1 km
• A brand new and near-surface community of extensional quartz veins was found 80 m south of the Sadowski vein system within the hanging wall of the Surluga Deposit – increasing the potential for a bulk underground and/or shallow pit constrained useful resource.
• Surluga South extension – 600 m south from useful resource boundary and at a depth of +600 m:
  • SD-22-379A – 10.18 g/t gold over 4.89 m together with 59.70 g/t gold over 0.69 m (CL)
• ell funded with >C$4 million in money available

Quentin Yarie, President and CEO of Crimson Pine Exploration commented: “The exploration story continues to unfold with extra discoveries made outdoors the Surluga and Minto sources that stay open down dip and down-plunge. Our drill campaigns from 2021 to 2022 proceed to ship important intersections on the Wawa Gold Venture. The outcomes show the potential to extend the scale of the prevailing useful resource on the venture with continued exploration. Our current discovery and affirmation of an intrusion associated gold bearing system (Determine 1 & 2) west of the Jubilee shear considerably expands the potential of a big tonnage shallow gold deposit.”

Highlights embody:

• Wawa Gold hall west of the Jubilee Shear Zone (Determine 1 & 2)
  • Chosen drilling intersections of significance within the mineralized system west of the Surluga deposit contains:
    • SD-22-376 – From 115.18 m to 255.99 m, three zones of mineralization containing 5.57 g/t gold over 8.51 m, 4.41 g/t gold over 1.27 m and 0.35 g/t gold over 26.43m.
  • Indications {that a} sizeable mineralized system with intrusion-related gold overprinted by orogenic mineralization is situated west of the Jubilee Shear Zone
  • Characterised by stacked zones of gold mineralization of variable width and grade with high-grade gold intersected in two zones

Figure 1 – Plan Map of the Wawa Gold Property with Drilling Results

Figure 2 – Left- Gold results west of the Jubilee Shear Zone in the emerging intrusion related gold bearing system. Right – Plan Map of the Surluga North Area showing the estimated intrusion related gold bearing system on surface

• Extensional Vein programs (Determine 1 and Determine 3)
  • Discovery of a brand new quartz vein community situated 80 m south of the Sadowski Vein community
    • SD-22-379A – 10.18 g/t gold over 4.89 m together with 59.70 g/t gold over 0.69 m Core Size (CL)
• Surluga South goal
  • Proving that gold mineralization extends at the least 600 m away from the present boundary of the useful resource of the Surluga Deposit within the Jubilee Shear Zone (Determine 3)
    • SD-22-371 – 2.69 g/t Au over 4.01 m together with 8.48 g/t Au over 1.15 m (CL)

Figure 3 – Long Section of the Surluga Deposit with reported and previous drill results

Desk 1– Highlights from drilling within the Wawa Gold Hall (Determine 1)

Assay outcomes introduced over core size and are estimated to signify > 70 % true width within the Jubilee Shear Zone and the Minto Mine Shear Zone. Within the Surluga North Vein Community, assay outcomes are estimated to signify > 35 % true width. Within the Sadowski vein community and the brand new vein community south of Sadowski, the intersections are estimated to signify between 40 and 75 % true width. Within the Wawa Gold Hall, extra drilling is important to ascertain the true width of the mineralization zones.

High quality Assurance/High quality Management (“QA/QC”) Measures

Drill core samples had been transported in safety sealed luggage for analyses to Actlabs in Ancaster, Ontario. Particular person samples had been labelled, positioned in plastic pattern luggage and sealed. Teams of samples had been then positioned into sturdy rice luggage and shipped. The residual coarse reject parts of the samples stay in storage if additional work or verification is required.

Crimson Pine has carried out a quality-control program to adjust to finest practices within the sampling and evaluation of drill core. As a part of its QA/QC program, Crimson Pine inserts exterior gold requirements (low to excessive grade) and blanks each 20 samples along with random requirements, blanks, and duplicates.

Certified Particular person

Quentin Yarie, P.Geo. and Chief Government Officer of Crimson Pine and the Certified Particular person, as outlined by Nationwide Instrument 43-101, has reviewed, and accredited the information launch’s technical data.

COVID-19 Precautions

Crimson Pine has developed and carried out compliant precautions and procedures in accordance with pointers for the Province of Ontario. Protocols had been put in place to make sure our staff’ and contractors’ security, thereby lowering the potential for group contact and spreading of the virus.

About Crimson Pine Exploration Inc.

Crimson Pine Exploration Inc. is a gold exploration firm headquartered in Toronto, Ontario, Canada. The Firm’s shares commerce on the TSX Enterprise Change below the image “RPX” and on the OTCQB Markets below the image “RDEXF”.

The Wawa Gold Venture is within the Michipicoten Greenstone Belt of Ontario, a area that has seen main funding by a number of producers within the final 5 years. Its land package deal hosts quite a few historic gold mines and is over 6,900 hectares in measurement. Led by Quentin Yarie, CEO, who has over 25 years of expertise in mineral exploration, Crimson Pine is strengthening its place as a serious mineral exploration and improvement participant within the Michipicoten area.

For extra details about the Firm, go to www.redpineexp.com

Or contact:
Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Carrie Howes, Director Company Communications, (416) 644-7375, chowes@redpineexp.com

1 Nationwide Instrument 43-101 Technical Report for the Wawa Gold Venture, Brian Thomas P.Geo. Golder Associates Ltd, report efficient August 18, 2021.

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