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Red Pine Exploration Inc V.RPX

Alternate Symbol(s):  RDEXF

Red Pine Exploration Inc. is a Canadian gold exploration company. The Company is in the exploration stage and has not commenced any commercial operations. The Company’s flagship asset is the Wawa Gold Project. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. The Wawa Gold Project covers over 7,021 hectares (ha), including 309 claims covering 4,788 ha; 17 leases covering 790 ha; and 105 patents covering 1,443 ha. The Wawa Gold Project hosts several former smaller scale mining operations with a combined historic production of approximately 419,560 tons with a recovered 120,093 oz of gold at an average head grade of 9.04g/t1 Au, is located approximately two kilometers east of the Town of Wawa in northern Ontario. The Company holds claims on various other properties, which include Cayenne Property, Fern Elizabeth Property, and Rand Garrison Property. Cayenne Property is a 133-ha property. The Company also holds NSR royalties on various properties.


TSXV:RPX - Post by User

Bullboard Posts
Post by arielplson Apr 21, 2014 8:12am
272 Views
Post# 22471561

News april 21

News april 21New York, NY / ACCESSWIRE / April 21, 2014 / Red Pine Exploration Inc. (TSX VENTURE:RPX) (Pink Sheets:RDEXF) (Frankfurt:VG3) is the subject of a Mining MarketWatch Journal Review offering insight and opportunity afforded investors. RPX.V is focused on advancing to resource its 100% owned 4,096 hectares Cayenne VMS Property located ~110 Km southwest of Timmins, Ontario, in the Porcupine Mining District, along the Swayze greenstone belt (the southwestern extension of the prolific Abitibi greenstone belt). The property hosts a historic (non NI43-101 compliant) resource of 91,000 tonnes at 4.6% Zn, and 3.3% Pb, over 150 m from 1948 at the Jefferson VMS deposit (if a resource estimate were commissioned now, using updated information available since, it would be considerably larger and much higher-grade). The Jefferson deposit has since received considerable drilling from past operators and is now being advanced by RPX.V which has a new, and highly skilled, technical leadership exploration team that believe they have figured out the metallogenic model for this mineral-rich VMS property. RPX.V intends to intersect quality mineralization this 2014, and these results are expected to contribute to a first-pass higher-grading resource surrounding the Jefferson VMS deposit. The belief is that the Cayenne VMS Property will eventually develop into an even larger multi-million tonne Zn-Pb-Cu-Ag deposit. Material intersected to date is very high-grade VMS and project appears to be setting up well for a shallow open-pit mining situation, plus infrastructure is nearby; paved and logging roads lead to property, power is close, and rail is within 25 km.

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