coverage Red Pine Exploration growing intrinsic gold value..Coverage: Red Pine Exploration growing intrinsic gold value presents opportunity
https://stockhouse.com/opinion/independent-reports/2019/12/11/red-pine-exploration-growing-intrinsic-gold-value-presents-opportunity Red Pine Exploration growing intrinsic gold value presents opportunity - The current known global intrinsic value at RPX.V’s Wawa Gold Project is 700,000 oz of Gold grading > 5 g/t (~230,00 oz Indicated & 471,000 oz Inferred) already identified on the property in two deposit zones with over 95% of the contained ounces located between surface and 350 m depth, open at depth and on strike. Note: It is not uncommon in Canada and around the world for gold deposits to typically extend to vertical depths exceeding 2 km.
- The property hosts several former mines with a combined historic production of 120,000 oz gold. The underground developments of the historic Jubilee and Surluga mines provide access to the zones of the current Surluga resource.
- The Company has numerous gold-bearing structures identified on the property, several exploration targets at the Wawa Gold Project combined could contain up to 3.0 million oz gold.
- Entering 2020, look for management of V.RPX to make moves that will greatly improve shareholder value.
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Red Pine Exploration Inc. (TSX-V: RPX) (US listing: RDEXF) (Frankfurt: VG31) presents an ideal way for investors to gain exposure to precious metals in a safe/stable mining-friendly jurisdiction, as the Company continues to build intrinsic gold value at its flagship 5,500 hectare Wawa Gold Project in the McMurray Township, 2 km southeast of the Town of Wawa, Ontario, Canada. Seasoned precious metal experts agree, when the price of gold takes off the shares of mining companies with intrinsic gold value are apt rise at multiples, several times that of the underlying commodity.
2019 saw Red Pine update the Mineral Resource estimate on its Surluga Deposit. The new underground resource represents a significant increase in grade, quality and continuity of the gold zones at Surluga, and a shift from an open-pit development plan to a high-grade underground model; a 2.7 g/t cut-off within a 2 g/t envelope, now stands at 1,202,000 tonnes at
5.31 g/t for 205,000 oz gold in the Indicated category and 2,362,000 tonnes at
5.22 g/t for 396,000 oz gold in the Inferred category. The technical report, by Golder Associates Ltd., included both Mineral Resource estimates identified, to date, on the Wawa Gold Project – the updated Surluga Deposit noted above, and the previously reported NI 43-101 Minto Mine South Deposit (105,000 tonnes at
7.5 g/t gold in the Indicated category for 25,000 oz of gold and 354,000 tonnes at
6.6 g/t gold in the Inferred category for 75,000 oz of gold).....