- Red Pine Exploration (RDEXF, Financial) reports high-grade gold intersections of 14.51 g/t Au over 4.81m at the Wawa Gold Project.
- Approximately 65% of the fully funded 25,000-meter drill program is complete.
- Discovery of a new gabbro dyke offers key geological insights.
Red Pine Exploration Inc. (RDEXF) has announced promising initial results from its near-surface drilling program at the Wawa Gold Project in Ontario. The program has identified high-grade gold intersections, most notably 14.51 grams per tonne (g/t) gold (Au) over 4.81 meters (m), which includes an exceptional 90.40 g/t Au over 0.67m. These findings are located at the edge of the 2024 Mineral Resource Estimate (MRE), presenting significant implications for future open-pit operations.
The ongoing 25,000-meter drill program at the Wawa Gold Project is approximately 65% complete. The exploration is focused on two areas of the Jubilee Shear, aiming to assess the potential for open-pit mining. A crucial goal is to update the Mineral Resource Estimate and conduct a Preliminary Economic Assessment (PEA) by the first half of 2026.
The near-surface program anticipates completion within three months, covering between 8,000 and 9,000 meters. Concurrently, deep drilling has unearthed a new gabbro dyke at depth, believed to be a major geological control for gold mineralization.
Red Pine's exploration efforts continue to identify potential growth prospects for the mineral resource, with multiple high-grade intersections greater than 5.00 g/t Au indicating possible expansions beyond the existing 2024 MRE. This forward movement is carefully coordinated with upcoming updates to the resource estimate and economic assessments, solidifying Red Pine's strategic position in the Michipicoten Greenstone Belt.
