- Red Pine Exploration (RPX) has announced its drilling intentions at its Wawa Gold Project near Wawa, Ontario
- The company recently consolidated 100 per cent ownership of the property southeast of Wawa, Ontario
- The drill program will expand the existing mineral resources and to explore the multiple additional highly prospective targets
- An estimated 15,000 metres of diamond drilling is planned in 2021 with the program continuing into 2022
- Red Pine Exploration is unchanged, with shares trading at C$0.72 at 10:38 am ET.
Red Pine Exploration (RPX) has announced its drilling intentions at its Wawa Gold Project.
The company recently consolidated 100 per cent ownership of the property located southeast of Wawa, Ontario.
Red Pine is now ready to execute a strategic drill program designed to expand the existing mineral resources and to explore the multiple additional highly prospective targets on the property.
An estimated 15,000 metres of diamond drilling is planned in 2021 with the program continuing into 2022.
Highlights of the Wawa Gold Project include resources which are principally located between the surface and 300 metres vertical depth.
Preliminary drilling identified five high-grade gold exploration targets that could grow the current resource.
The main target for diamond drilling in 2021 will be the Jubilee Shear Zone, host of the Surluga Deposit NI 43-101 mineral resource. The resource extension and definition drilling program will test the higher-grade gold-bearing structures previously identified by Red Pine. The company will also test a number of exploration targets that have the potential to be converted into resources.
“After a great deal of work, we are happy to have consolidated Red Pine’s ownership of the Wawa Gold Project to 100 per cent. Well funded, we are now set to resume our drilling and exploration programs and continue to grow the mineral resources on the property.
Our earlier drill programs discovered mineralized zones beneath the Surluga Deposit and six other mineralized exploration targets adjacent to and beyond the current NI 43-101 resources. The focus of our 2021 exploration program will be to expand Surluga at depth and test the other targets. We are very pleased to now be able to fully develop and realize value as we grow 100% of the Wawa Gold Project for Red Pine shareholders,” said Red Pine President and CEO Quentin Yarie.
Red Pine Exploration Inc. is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada.
Red Pine Exploration is unchanged, with shares trading at C$0.72 at 10:38 am ET.
