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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 smittigatoron Mar 03, 2015 8:18am
173 Views
Post# 23483233

action

actiondrills are rolling around the clock, things are looking good and they aremoving to the east and the west with the rigs. we likely wont see any action until may of this year. i am thinking we will see a revised n43 at 2.8 million  ounces over 35 million tonnes grading 2.5 to 3 grams. in comparison to PRB in chapleau borden area. we will be in fine shape. we will no doub see one of the big boys come in and take this out at about $5.00 a share in a year or two from now. the only thing that may fast track this is the fact that we are already n43 ready with only a few revisions. share swap wont likely happen this year thou. The area has some big players ( richmont) (argonalt) and iamgold was sniffing around the wawa area for two soild weeks late in the year. Argonalt also has drills on site presently, researching the 400 meters they optioned from richmont. things are looking up for the area. richmonts  staff is slowly being replaced with former Iamgold employees and management and have a market cap of $212m, could be some very interesting plays in the next short while.
Bullboard Posts