- Red Pine (RPX) has intersected high-grade gold in the Minto Vein at the Wawa Gold Project in northern Ontario
- A highlight intersection includes 109.37 g/t gold over 2.68 m, including 314 g/t gold over 0.84 m
- Additional drilling is necessary to define the size and extent of high-grade gold mineralization at the southern end of the Surluga Deposit
- Red Pine is a gold exploration company headquartered in Toronto
- Red Pine (RPX) is up by 3.77 per cent and is currently trading at $0.55 per share
Red Pine (RPX) has intersected high-grade gold in the Minto Vein at the Wawa Gold Project in northern Ontario.
A highlight intersection includes 109.37 g/t gold over 2.68 m, including 314 g/t gold over 0.84 m and 26.93 g/t gold over 0.95 m.
The discovery was 30 m down-dip of the current boundary of the Minto Mine Deposit inferred resource.
Additional highlights of the 2021 drilling program
- Extension of high-grade gold mineralization in SD-21-298A in the newly identified Sadowski Gold Zone with the intersection of 24.8 g/t gold over 1.15 m
- Visible gold was observed in three different veins in the Jubilee Shear Zone in SD-21-298A (results pending)
- In hole SD-21-301 (assay results pending), visible gold has been observed in two quartz veins in two separate domains of the Jubilee Shear Zone
- Additional drilling is necessary to define the size and extent of high-grade gold mineralization at the southern end of the Surluga Deposit
Quentin Yarie, Red Pine’s President and CEO, stated,
“The confirmation that high-grade gold mineralization extends down-dip of the current resource of the Minto Mine Deposit is a significant development for the Wawa Gold Project. With the overlapping relationship between the Minto Mine and the Jubilee Shear Zones, we have two exploration targets that are testing concurrently with the same drill hole. Additionally, the extension of high-grade gold mineralization in the Sadowski Gold Zone continues to show that the property has significant greenfield exploration potential.
Red Pine has two active drill rigs on-site that are concurrently testing the Surluga Deposit to the north and south and the Minto Mine Deposit. A third drill is on-site waiting for a crew with which the company will test some of the greenfield targets near the historic Darwin Grace mine.”
Red Pine is a gold exploration company headquartered in Toronto.
Red Pine (RPX) is up by 3.77 per cent and is currently trading at $0.55 per share as of 11:01 am ET.