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Red Pine Exploration Inc. (TSXV:RPX) Feature Company

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Today’s feature company is Red Pine Exploration Inc., a gold focused exploration company and the operator of the Wawa Gold Project in northern Ontario, Canada.

Additional Information:

Company: Red Pine Exploration Inc.
Stock Symbol: TSXV:RPX
Date Published: Dec 3, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Today’s feature company is Red Pine Exploration Inc., a gold focused exploration company and the operator of the Wawa Gold Project in northern Ontario, Canada.

Their large flagship asset comprises mining claims totalling over 5,500 hectares located just 2 kilometers southeast of the town of Wawa in Northern Ontario.

The property, operated by Red Pine, is owned 60% by Red Pine and 40% by Citabar LP., with Red Pine holding the right of first refusal on Citabar’s 40%.

The Wawa Gold Project is located in the prolific greenstone belt surrounded by many producing and past-producing gold mines.

Historic mines such as Barrick’s Hemlo which produced over 30 million ounces and the Timmins camp which has produced over 67 million ounces.

Two of Wesdome’s producing mines have over 1.5 million ounces each, and Alamos’s Island Gold deposit is 2 million ounces.

And, new, advanced stage gold projects like Argonauts’s Magino deposit containing 5.1 million ounces and Goldcorp’s Borden Lake deposit containing 1.9 million ounces.

The large Wawa Gold Project land package itself has historically hosted 8 gold mines with small-scale production totalling over 120,000 ounces averaging over 9 grams per tonne gold.

Red Pine has 3 main exploration targets on the property at different, ongoing work stages providing for several near-term catalysts for the company as they move from exploration to delineation as well as the potential for small scale mining scenario at Minto South.

Red Pine discovered the Minto mine South project area in the extension of the historic Minto mine in April 2017, and subsequently completed a 26,000 meter drill program in October of this year to define a mineral resource at the Minto mine South area.

In November Red Pine announced an initial mineral resource gold estimate of 105,000 tonnes at 7.5 grams per tonne indicated and 354,000 tonnes at 6.6 grams per tonne inferred for 25,000 ounces and 75,000 ounces respectively, with the resource open in all directions.

The Minto project is adjacent to the Surluga project that hosts a NI 43-101 inferred resource of 1,088,000 ounces of gold at 1.71 grams per tonne using a 0.50 grams per tonne gold cut-off grade.

The Surluga project inferred resource was estimated using a pit-constrained model and is hosted in a geological structure entirely independent of Minto mine South project resource.

The company is looking to launch a revised NI 43-101 resource on the Surluga Deposit early in 2019.

Quentin Yarie, President and CEO, stated: "The initial resource for the Minto mine South project validates our assumptions that a shallow and high-grade gold deposit exists in that structure. We are confident in the quality of the resource as it was estimated using what we believe are reasonable parameters. Our current drilling that supports the resource estimate covers approximately 15-20% of the footprint of the Minto Mine South structure extrapolated within a reasonable level of confidence. We will use this information to validate the viability of a small-scale operation on this high-grade resource.”

The company has several near-term catalysts following the new resource calculation at Minto with plans for a preliminary economic assessment and bulk sample for later in 2019.

The shares are trading at $0.04.

For more information, please visit the company’s website,, contact Quentin Yarie, President & CEO at 416-364-7024, or email

For Investor Relations contact Mia Boiridy at 416-364-7024 or email

I’m Samantha Deutscher for Investmentpitch Media