Mike Michaud, President and CEO of Red Pine commented: “I am pleased to have now joined, and am looking forward to leading the Red Pine team. Exploration success over the past several years has not only identified high grade mineralization outside of the previously mined zones, but has also confirmed the potential to host a sizeable gold deposit near surface.
The latest drill results not only highlight the potential of the Jubilee Shear to host significant gold mineralization over thick sections, but drilling has also confirmed that gold mineralization remains open down dip and down plunge, a priority for future drilling.
In addition, we are targeting the updated National Instrument 43-101 Technical Report to be completed in August 2024 and expect the Mineral Resource Estimate component of that report to be press released in advance of that date. Once completed, we will be able to use this resource estimate to better assess various underground and open pit mining and processing scenarios to guide next steps on the project."