Near Surface Infill-Drilling to Assess Open Pit Production Intersects 45.38 g/t Au over 3.13 m core length, including 141.00 g/t Au over 0.88 m | RDEXF Stock News

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Jun 18, 2025
  • Red Pine Exploration (RDEXF, Financial) reports significant high-grade gold results at its Wawa Gold Project.
  • The drilling program has revealed 45.38 g/t Au over 3.13m, including 141.00 g/t Au over 0.88m.
  • Project development is progressing with plans for a preliminary economic assessment in H1 2026.

Red Pine Exploration Inc. (RDEXF) has announced promising results from its ongoing drilling program at the Wawa Gold Project in Ontario. Recent assays have reported high-grade gold intersections, with a notable highlight being 45.38 grams per tonne (g/t) of gold (Au) over a 3.13-meter core length, which includes a remarkable 141.00 g/t Au over 0.88 meters in hole SD-25-559.

The company has made significant progress completing approximately 90% of its fully funded 25,000-meter drilling initiative, which commenced in November 2024. Current efforts are concentrated on testing the Jubilee Shear in the Jubilee Mine area, aiming to evaluate the potential for open-pit production.

In addition to the standout results from hole SD-25-559, other significant findings include 1.86 g/t Au over 19.09 meters in hole SD-25-544 and 3.80 g/t Au over 4.04 meters in the Hornblende Shear area. These results could potentially pave the way for further exploration and development of open-pit mining operations.

Red Pine plans to update its 2024 Mineral Resource Estimate and is working towards a preliminary economic assessment (PEA) scheduled for completion in the first half of 2026. This development underlines the company’s commitment to advancing the Wawa Gold Project and exploring further opportunities within the Michipicoten Greenstone Belt.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.