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Red Pine (TSXV:RPX) provides 2022 phase 1 exploration program update

Mining, Sponsored, The Watchlist
TSXV:RPX
08 March 2022 13:00 (EDT)

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Red Pine Exploration (RPX) has provided an update on its 2022 phase 1 drilling campaign at the Wawa Gold Project.

The Wawa Gold Project is located in the Michipicoten greenstone belt of northern Ontario.

The program has completed over 7,680 meters of drilling, approximately 30 per cent of the 25,000 meters planned from period January to July 2022.

Drilling has been focused on resource expansion targets in the Surluga North and South area and has commenced drilling on the Grace-Darwin target.

Visual gold has been identified in 6 of the 12 holes completed at the Surluga North, South and in 3 holes in the Darwin-Grace targets.

Red Pine has 1,203 assays pending at the lab. Assays from the Phase 1 program are expected to be received this month and continue thereafter on a regular basis.

Quentin Yarie, President and CEO of Red Pine Exploration commented on the program’s results to date.

“We remain encouraged with our focused and sustained drilling program below the existing Surluga and Minto Mine resource, validating our targeted approach. In the Darwin-Grace Mine area, our current drilling has considerably expanded the footprint of the mineralized systems associated with the historic Darwin-Grace Mine. We have indications that the former mine is located at the intersection of at least three different shear zones, and we have observed indicators of gold mineralization in those three structures, including under the historic Darwin-Grace mine.

We have increased our workforce to expedite processing of core. We have begun prioritizing our core logging within our key zones of interest, with shipping of samples to the lab twice a week to expedite the sample positioning into the labs queue.” 

Red Pine Exploration is a gold exploration company headquartered in Toronto.

Shares in Red Pine Exploration Inc. (RPX) opened trading at C$0.44.

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