- Red Pine Exploration (TSXV:RPX) released new results from a recent near-surface drilling program to better define open-pit mining potential at its Wawa gold project in Ontario
- Red Pine Exploration is a junior miner developing an established resource in Ontario
- Red Pine Exploration stock has added 12.5 per cent year-over-year but remains down by 75 per cent since 2020
Red Pine Exploration (TSXV:RPX) released new results from a recent near-surface drilling program to better define open-pit mining potential at its Wawa gold project in Ontario.
This content has been prepared as part of a partnership with Red Pine Exploration Inc., and is intended for informational purposes only.
Here are the highlights, centred on the highly prospective Jubilee Shear zone:
- 9.03 grams per ton (g/t) gold over 14 metres core length, including 54.40 g/t gold over 2 m in drillhole SD-25-581.
- 2.66 g/t gold over 10.13 m, including 9.18 g/t gold over 1.12 m and 6.85 g/t gold over 1 m in drillhole SD-25-570.
- 2.47 g/t gold over 7.50 m, including 12.90 g/t gold over 0.73 m in drillhole SD-25-576.
- Check out Thursday’s news release for a full set of results.
The drilling program, kicked off in November, consisted of 69 drillholes spanning a combined 24,575 m – including 23 drillholes spanning 4,492 m reported today – which management believes will contribute to an upcoming mineral resource update, having substantiated strong gold mineralization in the proposed open-pit area.
Results for 11 drillholes remain pending on the more than 7,000-hectare project, where resources are currently estimated at 842,000 ounces of gold indicated and 843,000 ounces inferred. At the current price of US$3,547 per ounce as of September 4, this represents just under US$6 billion in the ground.
Leadership insights
“We are encouraged by the near-surface drilling results, which returned high-grade gold within the Jubilee Shear zone and confirm continuity with previous drilling,” Michael Michaud, Red Pine Exploration’s president and chief executive officer, said in a statement. “The presence of higher-grade mineralization near surface supports the potential for toll milling and use of regional infrastructure in our evaluation of the open-pit potential of the Wawa gold project.”
“Our immediate focus is updating the mineral resource estimate ahead of a preliminary economic assessment (PEA) in early 2026, which will define the optimal mining and processing strategy,” Michaud added. “With baseline studies underway and funding in place to complete the PEA, we are advancing towards production and the long-term goal of transitioning from explorer to producer in today’s strong gold price environment.”
About Red Pine Exploration
Red Pine Exploration is a gold exploration company developing an established resource in Ontario.
Red Pine Exploration stock (TSXV:RPX) last traded at C$0.11. The stock has added 12.5 per cent year-over-year but remains down by 75 per cent since 2020.
Join the discussion: Find out what investors are saying about this Canadian gold stock on the Red Pine Exploration Inc. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
