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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
Comment by smittigatoron Feb 02, 2015 3:22am
116 Views
Post# 23387372

RE:RE:looking forward

RE:RE:looking forward thanks for the feed back, i feel it is important to note that this property as per the map spans likely 5 miles across and 2 miles deep. the traditional work was focused on the surluga property about a quarter of a mile in. Most of the mines in this site where worked from the twenties thru the 50's, with the most recent mining in the late 80's on the surluga property, that being said, little focus was given to the outlying sites that had been closed. As is being proven wth RPX, and some infill drilling, the potential of this property likely lies within 400 meters of surface, some new money has come to te table along with a new thought process and approach. The last time this property was commercially worked, gold was in the $200 range and traditional methods where being used. The influx of new technology will no doubt revamp the thinking on this site. There is a massive deposit on this property likely grading on average around 3.1g/t. In comparison to probe, the grades are attainable and the n43 should present investors with a gross income of about $3.25 billion with a margin before debt service of about $1.25 billion after all in costs. These numbers could likely be further improved if a joint venture custom mill where to be established between AR & RPX on the Essar site located in Wawa which is fully prepped and ready for construction, Essar in turn would have a location for further supplying their mill with the 20 years of proven high grade iron ore they have in the wawa mine that has been sitting since 1996. This Project was closed in 1996 allowing Algoma steel at the time to move their pollution credits to sault ste marie and meet guideline until 2021. The american dollar is strong and will likely stay that way for a good deal of years, Essar is currently buying their ore in the U.S., a joint venture mill makes perfect sense. AR has the capital and is waiting for permitting, the infastructure is not in place in dubreuilville to support another large operation, power, water and roads will need to be put in at a $300m price tag.  The only other feasible idea would be Richmont who has a 850 ton a day mill, if they could ramp this up to 10000 ton a day, AR & RPX could feed the mill via truck, supposedly Richmont is getting into a grade below the 600 level that they need lower grade ore to process with their high grade to keep the recover up near 94%. Lots to think about, we just need the boys and girls to sit down at the roud table and make this work. The margins are huge here, even if they do a net smelter agreement.
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