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 > Is Red Pine finished?

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Comment by roberto146on May 10, 2024 9:08pm

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Post# 36034821

RE:RE:Is Red Pine finished?

"This is a mess, but may not be as big a mess as it looks at first glance."

1: Further to my previous post, in the most recent 43-101 (section 14) the headline resources claimed were published using a very conservative 1200 dollar gold price which of course diminishes viable resources. Whether grades less than 2.7g/ton are viable at, say 2000 dollar gold are made viable and resources accordingly increased I don't know, but it does deserve attention.
2: A couple of secondary sources (on ceo dot ca) linked to a chart (12.1) which gave the impression that new and very recent assay results showed dramatic reductions. I used the link and repeated these results in an earlier post. In fact these results were contained in the June 2023 43-101 in Section 12, Data Verification and were used to make recommendations regarding the treatment of cores showing visible gold.
These were not assays conducted after the RPX news release that withdrew all previously released assay results.

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