Welcome to the Market Herald Video Q&A Podcast.
I’m Daniella Atkinson
Red Pine Exploration is a precious metals explorer involved in the identification, acquisition and development of properties in Ontario, Canada. They are led by an experienced management and technical team headquartered in Toronto. The company’s flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa in Northern Ontario.
Today, I am joined by the company’s President and CEO, Quentin Yarie.
Thank you so much for dropping by the Market Herald to inform us of your company’s current gold project and investment opportunities.
TMH: As this is your first time here on The Market Herald Top Line, could you provide us with some insight about yourself and who Red Pine exploration is?
QY: Sure. Red Pine Exploration is a junior exploration company in Canada. We trade on the Toronto adventure exchange and on the OTC. We’re based in Toronto, but our projects are in Wawa, Ontario. We’re focused on a gold project there, which we called the Wawa Gold Project. Two resources on it currently. We’ve been working on that project for over seven years now. I’ve been involved with the company for more than 10. I started as the VP of Exploration, and I’m currently the CEO. I’ve been in this industry for, oh God, I’d hate to say it, but it almost 30 years now, mostly as a geophysical consultant before I became a VP of Exploration and then I’ve migrated into the CEO role.
TMH: You have an impressive management team, could you also let investors know who has been with you on this journey?
QY: Yes, the board of directors is impressive. I would agree with that statement, and it’s seen recent changes. Just over a year ago, we consolidated ownership of the property. We didn’t have it all. So we consolidated ownership with a 20 million dollar raise and purchased out our joint venture partner. When I was able to do that, I was able to attract some very high-level people to our board of directors. Significant on that board is Paul Martin. He joined us at that time. Paul is the past CEO of Detour Gold Mines, which I would suggest is a Canadian success story. Paul’s a great mentor for me. I am technical in all aspects, and Paul brings a lot of business sense to us. We also have an excellent technical advisory committee, Andrew Baumen. Who’s an ex-Barrick C-suite executive who ran the Hemlo Goldmine for Barrick for the last 25 years. This is also the first board he sat on, and then there’s Rachel Goldman, who recently joined us and comes from the financing industry, which provides me with a great deal of input and experience on that end.
TMH: Your recent press release shows that Gold mineralization extends south of the Parkhill fault, what does this mean?
QY: Yes. For those that are familiar and aren’t familiar with the Wawa Gold project, most of the information has been collected north of what we call the Parkhill Fault. So there were 10 past producing mines on this property we’re currently working on all but one of those was north of this major structure called the Parkhill Fault. So it was sort of an unknown area. We found it, we’ve explored it, we’ve exposed it, and what we’ve done is we’ve now drilled it, and it contains high-grade gold of a similar tenor to our resource, and it seems to extend the gold mineralization over an additional 1.8 kilometres of strike length, and that is really Greenfield Exploration, and it seems that the gold sub crops at surface because we can channel sample it, but that extends the strike of mineralization of the Wawa gold corridor to over six kilometres. So very significant change.
TMH: And as your Wawa Gold Project is underway, could you give us some details on some of your results?
QY: Yes. as I mentioned, there are two resources. Currently, we have 700,000 ounces in inferred and indicated just over six grams per ton. We’ve been pushing the envelope down most of the resources above 300 meters. In fact, 90% of it is. So for us this year, the goal was to prove that mineralization extends to depth. So down dip and down strike, and we have proved that we put out some excellent results, great thicknesses and high-grade mineralization showing that mineralization extends in all those directions. So we’re really starting to add ounces to the existing resources.
TMH: You recently reported that Phase 1 of this project intersected high-grade gold mineralization in the Minto Mine Shear Zone, could you tell us a bit about that?
QY: Sure. There are two resources. One’s the Surluga, which is very thick. It’s about 10 meters, the average thickness and a grade of about 5.6 grams per ton, and it’s the largest of the two. The Minto mine, though, is more typical of Greenstone belts in Canada. It’s a narrower vein, say three meters quartz Tomling vein very distinguishable. Past producers there had an average head rate of about 14 grams per ton, but we’ve been having great success hitting high grade, and when I mean high grade, we had 5.6 meters of just over 20 grams per ton, so great grades and great thicknesses but we’ve had some spectacular grades come out of there as well. The highest being 109 grams per ton, over a true thickness of two and a half meters. So yes, we’re adding some nice step material there.
TMH: And what can we expect to see from Red Pine going forward with phase 2?
QY: Well, probably a little more of the same. I mean, we recognize that we need to increase the number of balances on this project. I think we’re proving that mineralization extends to depth and down dip on the current resources. We’ve also proven this year that mineralization extends much greater than anyone previously thought. So I think moving forward, our goal is just to confirm to our shareholders and others and hopefully new shareholders that they can see the resource on this being much larger than the 700,000 ounces that it currently is.
TMH: Before we Finish off, is there anything else you would like investors to know about Red Pine?
QY: I think in this market, we’re in a great jurisdiction. I mean, one of the things we haven’t spoken of is where we are specifically, and that’s in Ontario in an emerging gold belt. Our neighbours have the highest grade mines and low-cost producers in Canada right now with Alamos, who is a 20% owner of Red Pine. So we’re in a great jurisdiction, an enviable land package for sure, and we have third-party support, as I mentioned, from Alamos.
Thank you so much for joining us today, we look forward to hearing more about your progress in the future.
For regular updates, visit redpineexploration.com. Red Pine Exploration trades on the TSX under the symbol V.RPX.
I’m Daniella Atkinson for The Market Herald. Thanks for watching.
FULL DISCLOSURE: This is a paid article produced by The Market Herald.