Red Pine Exploration (RPX) has released fresh results from its 2022 Phase 1 exploration program in the Minto Mine South Deposit.
Highlights:
- Intersection of 17.49 g/t Au over 5.82 metres, including 50.12 g/t Au over 1.93 metre, in a gap in the current resource of the Minto Mine Deposit in SD-22-377
- The intersection is located 30 metres up-plunge of the intersection of 68.71 g/t Au over 4.72 metres in SD-22-373
- Intersection of 21.10 g/t Au over 3.25 metres, including 44.63 g/t Au over 1.25 metre, in the Minto Stockwork surrounding the Minto Vein in SD-22-373
- Visible gold observed in SD-22-371 that infills a gap in the current resource of the Minto Mine deposit (assays pending)
Red Pine’s President and CEO, Quentin Yarie, explained that these drilling results demonstrate that the current Minto Mine Resource is likely of a higher grade than currently thought.
“Increased drill density of the Minto Mine South Deposit is mitigating the nugget affect we are conscious of. These recent drill results represent an important step forward on our progress expanding the current resources at the Wawa Gold Project. Based on our results the high-grade Minto mineralization could very well become an exciting focal point for Red Pine”
With continued drilling success, he added that the company anticipates updating the Minto Mine South resource in the following fiscal year.
The Minto Mine is one of the deposits in the company’s Wawa Gold Project, situated in the Michipicoten Greenstone Belt of Ontario. Its land package hosts numerous historic gold mines and is more than 69 sq km in size.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto.
Red Pine (RPX) was down 0.94 per cent to $0.26 per share as of 11:00 am ET.