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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

Comment by roberto146on May 10, 2024 3:41pm
106 Views
Post# 36034305

RE:Is Red Pine finished?

RE:Is Red Pine finished?I ate a $100 loss a little while back on my first round, but bought back in cheaper today at 8 cents. I usually set aside a few thousand bucks for junior-roulette prospects. This is a mess, but may not be as big a mess as it looks at first glance.
If the current info stands correct, about 1/2 of one percent of the assays are suspect and after losses to the the 43-101 report the resource is provisionally affected, viz:
43-101: 230,000 oz indicated, now 218,000 oz, a marginal decrease.
43-101: 471,000 oz inferred,    now 397,000 oz.
Plus there are drill results from April 3rd and April 24th. 

The 5/15 conference call should be 'interesting'. New CEO M Michaud is to be in attendance; I suppose we can consider that an encouraging indication.

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