- Red Pine (RPX) has yielded up to 162.52 g/t gold over 0.30 m at its Wawa Project in Ontario
- The results, from phase 1 exploration, also include a silver discovery grading 492 g/t silver over 0.90 m
- Further assays are pending with the company seeing potential upside on subsequent grade range estimates
- Red Pine is a gold exploration company headquartered in Toronto
- Red Pine (RPX) is unchanged trading at $0.37 per share
Red Pine (RPX) has yielded up to 162.52 g/t gold over 0.30 m at its Wawa Project in Ontario.
The results stem from the phase 1 exploration program, which continues to uncover the potential for additional centres of mineralization on the property.
Highlights from the Sadowski Zone include 52.12 g/t gold over 2.29 m, including 162.52 g/t gold over 0.30 m and 145.20 g/t gold over 0.41 m. Also 492 g/t silver over 0.90 m in SD-21-309, which explored a late fault sub-parallel to the Jubilee Shear Zone foliation.
A high-grade intersection in the Surluga Deposit in the north returned 8.44 g/t gold over 5.71 m.
Additional assays are forthcoming with a potential expansion to the exploration program coming later in 2022.
Red Pine is continuing to test the under-explored segment of the Jubilee Shear Zone south of the Parkhill Fault. It has now completed six holes (assays pending) covering 275 m of strike length along the Jubilee’s southern segment.
The holes are delineating a zone of strong quartz veining associated with sulfide mineralization between 4 and 10 m wide.
“The discovery of higher-grade gold intersections down plunge of the Surluga resource and
the Sadowski Zone, as well as the extension of the Jubilee Shear > 2 km south of the Parkhill Fault are causing a re-evaluation of the identified exploration targets noted on March 2, 2018,” stated Quentin Yarie, Red Pine’s President and CEO.
“At that time,” he added, “we identified contained ounces in the combined exploration targets ranging from 0.725 Moz to 3 Moz between 4-10 g/t. With our current intersections and higher-grade discoveries in 2021 to now, it appears we were conservative on our grade range.”
Red Pine is a gold exploration company headquartered in Toronto.
Red Pine (RPX) is unchanged trading at $0.37 per share as of 9:45 am EST.