- Red Pine (RPX) released fresh results from its 2022 Phase 1 exploration program, intersecting high-grade gold mineralization in the Minto Mine Shear Zone at its The Wawa Gold Project
- The company also confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault, adding more than 2.5 km in strike length of known continuous gold mineralization
- 68.71 g/t gold was intersected over 4.72 metres including 231.5 g/t gold over 1.06 metre in extension of the Minto Mine South Deposit
- Red Pine (RPX) was up 1.96 percent to $0.26 per share as of 4:50 pm ET
Red Pine (RPX) has released fresh results from its 2022 Phase 1 exploration program at its Wawa Gold Project.
Red Pine intersected high-grade gold mineralization in the Minto Mine Shear Zone. The company also confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault, adding more than 2.5 km in strike length of known continuous gold mineralization to the Wawa Gold Corridor.
68.71 g/t gold was intersected over 4.72 metres including 231.5 g/t gold over 1.06 metre in extension of the Minto Mine South Deposit.
Red Pine’s President and CEO, Quentin Yarie, explained that as the team focuses on expanding the Surluga and Minto Mine South resources, a third drill has been conducting a further regional exploration of the property, mainly south of the Parkhill Fault.
“We have successfully demonstrated that a large orogenic gold system exists at the Wawa Gold Project now extending over a >6km strike length. Gold mineralization exists across multiple structures south of the Parkhill fault and we will now utilize what we have learned from the Surluga resource to identify zones of material gold grades and thicknesses. As an example, visible gold has been intersected in the Jubilee shear south of the Parkhill fault in hole JS-22-368 proving our teams understanding of this large gold system (assays pending).”
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. Its land package hosts numerous historic gold mines and is more than 69 sq km in size.
Red Pine is a gold exploration company headquartered in Toronto.
Red Pine (RPX) was up 1.96 percent to $0.26 per share as of 4:50 pm ET.
