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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

Post by goldsoldaton May 10, 2024 4:43am
191 Views
Post# 36032882

Board Member

Board MemberInitially, I think the timing of the board member resignation with the reassay announcement implied that the resigning member had participated in the problem causing the reassay. I think that should not be implied. I think the resignation was to allow a vacancy to be filled by the 19.9 (?) % shareholder Alamos Gold, allowing Alamos to monitor the reassay problem. I think this "problem" is a nothingburger. The stockprice should br 14/15 Cents and I am not selling until then. Goldsoldat
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