Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) announced significantly increased mineral resources for its flagship Wawa Gold Project. The company recently closed C$11 million “bought deal” private placement. This time, we are glad to invite Michael Michaud, president & CEO of the company, to elaborate on Red Pine Exploration’s flagship project.
About Red Pine Exploration Inc.
The Company’s flagship gold property is the 100% owned Wawa Gold Project in the Michipicoten Greenstone Belt located approximately 2 kilometres southeast of the Municipality of Wawa, in Northern Ontario. The property is over 7,000 hectares in size and is host to numerous historic gold mines with a combined historic production of 120,000 oz gold. The property currently hosts a National Instrument 43-101 compliant resource (September 30, 2024) from two mineral deposits, namely the Jubilee Shear and the Minto Mine. The mineral resource includes an Indicated Mineral Resource of 14.7 million (“M”) tonnes grading 1.8 grams per tonne gold (“g/t Au”) containing 842,000 ounces of gold and an Inferred Mineral Resource of 16.2 M tonnes grading 1.6 g/t Au containing 843,000 ounces of gold, inclusive of both open pit and underground.
For more information, please visit their website.
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