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Bullboard - Stock Discussion Forum 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... see more

TSXV:RPX - Post Discussion

Red Pine Exploration Inc > RPX.........Is anyone remotely interested? Sheesh!!!!!!!!!!
View:
Post by Iseneschal on Aug 12, 2021 9:59am

RPX.........Is anyone remotely interested? Sheesh!!!!!!!!!!

 

Red Pine drills 12.24 m of 4.66 g/t Au at Wawa

 

2021-08-12 04:01 ET - News Release

 

Mr. Quentin Yarie reports

RED PINE INTERSECTS HIGH-GRADE GOLD 400M DOWN PLUNGE OF THE SURLUGA DEPOSIT (>550M VERTICAL DEPTH); DISCOVERS NEAR SURFACE HIGH-GRADE GOLD ZONE

Red Pine Exploration Inc. has released new results from its 2021 drilling program at the Wawa gold project. It has also discovered high-grade gold mineralization in the Jubilee shear zone and the newly identified Sadowski gold zone.

Highlights of the 2021 drilling program

 

  • Intersection of 4.66 grams per tonne gold over 12.24 metres of true width (TW) in the Jubilee shear zone, including 24.1 g/t gold over 0.68 metre (TW) and 14.68 g/t gold over 1.94 metres (TW), 440 metres down plunge of the boundary of the Surluga resource (SD-21-297A);
  • Discovery of high-grade gold mineralization in SD-21-297A in the newly identified Sadowski gold zone with the intersection of 13.95 g/t gold over 4.48 m core length (CL) including 29.29 g/t gold over 2.02 metres (CL);
  • Observation of quartz veins with visible gold in the Jubilee shear zone, the Minto mine shear zone and the Sadowski gold zone in SD-21-298A (results pending).

 

"The confirmation of gold mineralization in the Jubilee shear zone, indicated across two drill holes (75 metres apart) located 400 metres down plunge of the existing Surluga resource, further validates the company's belief that the Jubilee shear zone extends to depth and hosts high-grade gold mineralization. The discovery of a previously unknown network of quartz veins intersected in SD-21-296A and SD-21-297A adds credibility that the property continues to benefit from greenfield exploration.

"Red Pine now has two active drill rigs on site, concurrently drilling beneath the Surluga deposit to the north and south. The company plans to test the property's greenfield targets, however, promising future drill results in the Jubilee shear zone may delay those activities," said Quentin Yarie, president and chief executive officer.

Diamond drilling

As part of its continuing 2021 exploration drilling program, Red Pine is currently testing the northern and southern extensions of the Surluga deposit with one drill rig active at each target.

In holes SD-21-296A and SD-21-297A, the Jubilee shear zone was successfully intersected approximately 400 metres away from the current boundary of the Surluga deposit resource. In holes SD-21-296A and SD-21-297A, the assay results indicate that high-grade gold mineralization also extends in the structure 400 metres down plunge to the current resource boundary. In hole SD-21-297A, the higher-grade core of the structure is made from the overlapping of multiple styles of mineralization that are variably transposed in the Jubilee shear zone tectonic fabrics.

In addition, the assay results from holes SD-21-296A and SD-21-297A identified a new near-surface high-grade zone of mineralization named the Sadowski gold zone. The Sadowski gold zone is formed by a network of quartz veins variably transposed in superimposed shearing. The geometry of the quartz vein network identified in the Sadowski gold zone is comparable with the geometry of the network of high-grade quartz veins forming the Mickelson-Sunrise vein system. The trend of the Michelson-Sunrise vein is located 150 metres north of the Sadowski gold zone. The identification of two parallel networks of quartz veins hosting high-grade gold mineralization suggests that additional drilling to the south could potentially discover additional networks of quartz veins.

Holes SD-21-297A and confirmed the extension of the Minto vein in the Minto mine shear zone 75 metres downdip to the current boundary of the Minto mine south deposit. Visible gold and native bismuth were observed in the Minto vein in SD-21-298A. In SD-21-297A, the Minto vein did not contain significant gold.

 

  SIGNIFICANT DRILLING INTERSECTIONS FROM THE 2021 DRILLING PROGRAM Hole From To Length* True width Gold (m) (m) (m) (m) (g/t) SD-21-296A 626.61 642.98 15.39 14.47 1.70 including 626.61 629.48 2.87 2.70 4.10 641.03 642 0.97 0.91 10.21 SD-21-297A 85.9 90.38 4.48 13.95 including 88.36 90.38 2.02 29.29 671.48 684.87 13.39 12.24 4.66 including 671.48 672.22 0.74 0.68 24.1 682.75 684.87 2.12 1.94 14.68 * Results in the Sadowski gold zone are presented as core length and are estimated to be between 40-per-cent and 80-per-cent true width. Additional drilling is necessary to constrain the geometry of that zone of mineralization. 

 

On-site quality assurance/quality control (QA/QC) measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ont. Individual samples were labelled and placed in plastic sample bags, which were then sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks and duplicates.

Qualified person

Mr. Yarie is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

COVID-19 precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for Ontario. Protocols were put in place to ensure the company's employees' and contractors' safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold and base metals exploration company headquartered in Toronto, Ont., Canada.

The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the past five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The company's chairman of the board is Paul Martin, the former chief executive officer of Detour Gold.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

In addition, the assay results from holes SD-21-296A and SD-21-297A identified a new near-surface high-grade zone of mineralization named the Sadowski gold zone. The Sadowski gold zone is formed by a network of quartz veins variably transposed in superimposed shearing. The geometry of the quartz vein network identified in the Sadowski gold zone is comparable with the geometry of the network of high-grade quartz veins forming the Mickelson-Sunrise vein system. The trend of the Michelson-Sunrise vein is located 150 metres north of the Sadowski gold zone. The identification of two parallel networks of quartz veins hosting high-grade gold mineralization suggests that additional drilling to the south could potentially discover additional networks of quartz veins.

Holes SD-21-297A and confirmed the extension of the Minto vein in the Minto mine shear zone 75 metres downdip to the current boundary of the Minto mine south deposit. Visible gold and native bismuth were observed in the Minto vein in SD-21-298A. In SD-21-297A, the Minto vein did not contain significant gold.

 

  SIGNIFICANT DRILLING INTERSECTIONS FROM THE 2021 DRILLING PROGRAM Hole From To Length* True width Gold (m) (m) (m) (m) (g/t) SD-21-296A 626.61 642.98 15.39 14.47 1.70 including 626.61 629.48 2.87 2.70 4.10 641.03 642 0.97 0.91 10.21 SD-21-297A 85.9 90.38 4.48 13.95 including 88.36 90.38 2.02 29.29 671.48 684.87 13.39 12.24 4.66 including 671.48 672.22 0.74 0.68 24.1 682.75 684.87 2.12 1.94 14.68 * Results in the Sadowski gold zone are presented as core length and are estimated to be between 40-per-cent and 80-per-cent true width. Additional drilling is necessary to constrain the geometry of that zone of mineralization. 

 

On-site quality assurance/quality control (QA/QC) measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ont. Individual samples were labelled and placed in plastic sample bags, which were then sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks and duplicates.

Qualified person

Mr. Yarie is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

COVID-19 precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for Ontario. Protocols were put in place to ensure the company's employees' and contractors' safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold and base metals exploration company headquartered in Toronto, Ont., Canada.

The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the past five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The company's chairman of the board is Paul Martin, the former chief executive officer of Detour Gold.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

Comment by GoldenEra on Aug 18, 2021 10:33am
This post has been removed in accordance with Community Policy
Comment by bober2 on Aug 20, 2021 5:29pm
I've been roll back three times.  It looks like it's heading south again after the last roll back.  I think the team keeps going to keep their jobs..  I'll probably sell for a tax lost at the end of November because I have very little left.
Comment by Northyork on Aug 21, 2021 9:01am
At least there selling property instead of issuing more stock and than another roll back. Management needs to go
Comment by bober2 on Aug 24, 2021 10:10am
That's what this management is about.  I've suffered three roll backs already investing in this stock.  I don't know where it will end but I'd like to see an uptick so I can sell.
Comment by PennyWise416 on Aug 24, 2021 10:15pm
@bober What kind of "uptick" are you looking for lol? It was at 95cents six months ago, over 100% higher than now.. A lot more than an uptick. Why didn't you sell then? Heck if you think it will go back to 0.95 you should be buying *more* today. I think I know what it is. You're like me and are holding out for *a lot* higher than 0.95. And you believe it's possible, like me. ...more  
Comment by Northyork on Aug 25, 2021 7:54am
He is holding out probably because of all the roll backs that caused his initial price a lot higher. 
Comment by PennyWise416 on Aug 25, 2021 10:39pm
If they're waiting for a small uptick in the .40s to sell, would've been better to sell when we were in the .90s a few months back. But I think bober wants to wait and find out what wawa truly has to offer. Like me. And how many rollbacks have we had? I've been in since before RPX. IIRC we had one 5/6ish rollback, then the 10:1 reverse split. For me the stock would have to be about 1 ...more  
Comment by Iseneschal on Aug 26, 2021 2:09pm
This deal never traded at 90 cents....try adjusting your charts to reflect the RS 10:1 on Mar 15/21....during the preceeding month (Feb) RPX traded over 60 million shares at an average share price of $0.07 cents....yes there were a few trades at 9 cents......Regardless.... I would summize that that was the big "blowoff" and we are now seeing how many "weak hands" sell....& ...more  
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