- Red Pine Exploration (TSXV:RPX) reported new high-grade gold drilling results from its Wawa Gold Project exploration program in Ontario
- This drilling confirms to the company that significant mineralization exists in the Jubilee Shear, which is currently not a part of the 2019 resource
- 10.92 grams per tonne (g/t) gold was drilled over 28.05 metres at the intersection of the Minto B/Jubilee Shears
- Red Pine Exploration last traded at $0.14 per share
Red Pine Exploration (TSXV:RPX) reported new high-grade gold drilling results from its Wawa Gold Project exploration program in Ontario.
The team stated that these new results validate that drilling around the boundaries of the 2019 resource in the Jubilee area can extend the high-grade core of the Jubilee Shear Zone and continue to expand the footprints of mineralization in the gold zones overlying the Jubilee Shear. This drilling confirms to the company that significant mineralization exists in the Jubilee Shear, which is currently not a part of the 2019 resource.
An amount of 10.92 grams per tonne (g/t) gold was drilled over 28.05 metres at the intersection of the Minto B/Jubilee Shears that includes 209.1 g/t gold over 1.00 metres, 49.9 g/t gold over 1.00 metre and 28.0 g/t gold over 1.00 metre in SD-23-442.
Table 1– Highlights from drilling in the Wawa Gold Corridor
| Hole | From (m) | To | Length (m) | Visible Gold | Gold (g/t) | Zone |
| (m) | ||||||
| SD-23-441 | 11 | 12 | 1.00 | VG | 1.4 | |
| SD-23-441 | 296.52 | 297.67 | 1.15 | 3.42 | Jubilee Shear | |
| SD-23-442 | 20.79 | 21.94 | 1.15 | 1.21 | Minto C Shear System | |
| 239.69 | 241.05 | 1.36 | 4.62 | Minto B Shear | ||
| 272 | 360.02 | 90.02 | VG | 3.48 | Minto B / Jubilee
|
|
| Including | ||||||
| 272.00 | 275.20 | 3.20 | 0.55 | |||
| 293.15 | 319.20 | 28.05 | VG | 10.91 | ||
| Including | ||||||
| 294.53 | 295.53 | 1.00 | VG | 209.1 | ||
| 295.53 | 296.53 | 1.00 | 6.18 | |||
| 296.53 | 297.53 | 1.00 | VG | 49.9 | ||
| 308.36 | 309.36 | 1.00 | VG | 28.0 | ||
| 338.40 | 343.60 | 5.2 | 0.46 | |||
| 359.02 | 360.02 | 1 | 1.32 | |||
| 402.20 | 404.30 | 2.1 | 0.92 | Lower Jubilee Shear | ||
| SD-23-443
|
16.12 | 17.27 | 1.15 | 1.37 | Minto C Shear System | |
| 54.83 | 56.24 | 1.41 | 1.71 | Minto C Shear System | ||
| 221.52 | 241.43 | 19.91 | 0.49 | Minto B Shear | ||
| Including | ||||||
| 240.63 | 241.43 | 0.80 | 5.81 | |||
| 330.7 | 342 | 11.30 | 0.71 | Jubilee Shear | ||
| SD-23-444
|
214.10 | 221.53 | 7.43 | 2.08 | Minto B Shear | |
| Including | ||||||
| 214.1 | 216.27 | 2.17 | 6.44 | |||
“Our strategy to encompass the upper portions of the existing resources into our planned future open pit/underground model continues to be validated through our ongoing drill program,” Red Pine Exploration’s president and CEO, Quentin Yarie, said in a news release. “We are on track to complete this drill program and release a new resource in Q2/Q3 of 2024. To date this year, we have logged over 22,000 metres of core (over 8,000 boxes of core; 400,000 pounds), and 17,000 metres of core cut and sent to Act Labs for assay.”
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the past five years. Its land package is host to numerous historic gold mines and is more than 69 square km in size.
Red Pine Exploration is a gold exploration company based in Toronto.
Red Pine Exploration Inc. last traded at $0.14 per share.
Join the discussion: Find out what everybody’s saying about this stock on the Red Pine Exploration Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
