About RPX
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada.
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.
The property currently hosts a National Instrument 43-101 compliant resource from two mineral deposits (Surluga and Minto Mine South): 1, 2
- 1,307,000 tonnes @ 5.47 g/t gold for 230,000 ounces in the indicated category and
- 2,716,000 tonnes @ 5.39 g/t gold for 471,000 ounces in the inferred category contained between surface to 350m depth.
1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo WSP Ltd, report effective Sept 30, 2024.
2 Please see the Company’s press release dated May 10, 2024, which quantifies the impact of the manipulated gold assays on the mineral resource estimate set out in the Technical Report.
The Company has identified numerous exploration targets adjacent to the existing resource base and elsewhere on the Wawa Gold Project property.
Our Strategy
The Company’s strategy is to advance projects to maximize shareholder value through data acquisition, compilation and interpretation. The Company is actively exploring the Wawa Gold Project and plans to continue its drilling to extend the existing resource base at the Jubilee and Minto Mine.
The Company’s strategy is to advance projects to maximize shareholder value through data acquisition, compilation and interpretation. The Company is actively exploring the Wawa Gold Project and plans to continue its drilling to extend the existing resource base at the Jubilee and Minto Mine.
The Jubilee deposit is highlighted by continuous gold mineralization starting from surface and extending up to 1,200 metres down dip thus providing optionality for potential future open pit and underground development scenarios:
- High-grade mineralization will be the focus of the near-term exploration program, specifically the down dip and down plunge extensions of the Jubilee and Minto deposits as part of an underground mining scenario.
- The updated mineral resource shows clear potential for expansion of lower grade mineralization located in the hanging wall of the Jubilee Shear and in the northern extension of the Jubilee Shear that would occur within an open pit scenario.
The updated MRE comprises a small portion of the Company’s land holdings and there remain numerous historic zones and high priority targets elsewhere on the Wawa Gold Project property.
- Approximately 60,000 metres of diamond drilling expected to contribute to a resource expansion
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Above the existing resource
- Focus on the potential to reduce the ultimate stripping ratio and maximizing the size of a pit-constrained resource
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Within the Jubilee and Minto Shears hosting the existing resources
- Increasing the size and improving the continuity of gold mineralization >= 2 g/t gold in the Jubilee Shear and >= 3.5 g/t gold in the Minto Shear
- Improving the confidence in the 2019 inferred resource in the Jubilee Shear
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Parallel to and Below the existing resource
- Shear zones parallel and close to the Jubilee Shear being tested
- Many exploration targets of significance will remain to be fully quantified beyond the upcoming resource update