Red Pine Exploration: Advancing its Gold Project in Ontario
Developing its Wawa Gold Project in Ontario, Canada
Red Pine Exploration is a Canadian gold exploration company primarily involved in the identification, acquisition and development of prospective properties in Ontario, Canada. Led by an experienced management and technical team, the Company’s strategy is to aggressively advance projects to maximize shareholder value through data acquisition, compilation, interpretation and the use of cutting-edge technology. Further, the Company is well funded and is actively developing its key asset – the Wawa Gold Project.
Wawa Gold Project
The property has hosted numerous gold mines with historic production of over 120,000 ounces. Markedly, to date, the largest gold deposit on the property is the Surluga Deposit.
“One of the key economic indicators for underground gold mining is the vertical ounces of gold per meter. We’re looking at just over 2,000 ounces, per vertical meter, which is a very good number.” says CEO, Quentin Yarie.
Historically, more than 87,000 metres have been drilled on the property. At the Surluga Deposit, 252 surface holes totaling 45,346 metres and 1,339 underground holes totaling 41,753 metres.
While the property hosted numerous historical gold mines, these were owned by different operators and were never geologically connected. Moreover, with a comprehensive examination of the geology, geophysics, geochemistry, alteration mineralogy and structural geology, Red Pine has uncovered new targets.
Red Pine has identified six additional exploration targets, along a gold-mineralization corridor that extends for more than 6 km (the Wawa Gold Corridor).
While focused on delineating shallow, high-grade deposits amenable to bulk underground mining along the Wawa Gold Corridor, the Company’s 2020 exploration program will target proving the continuity of the mineralization of the Surluga Deposit at depth.
“I think for investors, Red Pine is in a good position. We’re an emerging gold camp and we’re willing to solve the corporate ownership structure in the near future. And I think what that will do this rewrite the valuation on the company.”, says Yarie.
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