Toronto, Ontario – Mining – Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) is making waves in the mining industry with its latest gold discovery in the Jubilee Shear zone. The company has unearthed impressive gold concentrations, notably 10.43 grams per tonne (g/t) across 12.95 metres, with an extraordinary spike of 164.71 g/t gold over a span of 0.52 metres.
This breakthrough comes as part of Red Pine’s continuous exploration efforts, which have been instrumental in bridging the gaps identified in the 2019 resource estimates. The recent exploration has not only reinforced the gold potential in the Jubilee Shear’s hanging wall but has also expanded the scope for further discoveries.
Key Highlights:
- The discovery of substantial gold mineralization in previously unexplored segments of the 2019 resource in the Jubilee Shear.
- Remarkable intersections include 10.43 g/t gold over 12.95 metres, with high-grade segments yielding up to 164.71 g/t gold.
Other notable findings around the Jubilee Shear and Minto B Shear intersections include:
- 10.92 g/t gold over 28.05 metres, with a peak of 209.1 g/t gold.
- 8.01 g/t gold over 32.95 metres, including a segment with 171.0 g/t gold.
- Consistent high-grade results across various drill sites, indicating a rich and extensive gold presence.
Quentin Yarie, President and CEO of Red Pine, expressed optimism, stating, “These consistent high-grade findings support our vision of a potential shallow open pit mining model. We’re bridging the knowledge gap in the 2019 resource and steadily progressing with over 1200 assays pending.”
This development has significant implications for the mining sector in Northwestern Ontario, particularly in regions like Thunder Bay, where mining activities contribute substantially to the local economy. The discovery in the Wawa Gold Corridor, part of the Michipicoten Greenstone Belt, highlights the ongoing potential of this area for gold exploration and mining.
Red Pine’s commitment to rigorous quality assurance and control ensures the reliability of these findings. The samples, processed by Actlabs in Ancaster, Ontario, underwent stringent testing and verification.
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.
Red Pine Exploration, under the leadership of CEO Quentin Yarie, is emerging as a key player in the Michipicoten region’s mining landscape, promising new opportunities for investment and employment in Northwestern Ontario. As this exploration saga continues, Thunder Bay and surrounding areas can anticipate a positive impact on the local mining industry and economy.
