Red Pine Exploration Inc V.RPX

Alternate Symbol(s): RDEXF

Metals & Mining Gold

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.

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Red Pine Exploration Inc

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Comment by letsgetreadyon Sep 20, 2017 9:49am

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Post# 26718666

RE:Red Pine Exploration Drills 13.08 g/t Gold Over 2.63 Metres

I'm not an expert but: (i) very nice grades but narrow widths, still the GT is around 30; (ii) near surface; great (iii) strike length considered to be over 1km, with width around 300 m (per diagrams). Minto likely contains close to 900K ounces based on a 1km strike length. with Surluga, RPX has around 2 million ounces and growing. lots of other areas with gold on the estimated 5km strike length. with 2m ounces, RPX's share is 1.2 million ounces, worth around 22 cents per share (using US$50/ounce) currently plus upside from there based on the rest of the property.

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