お知らせ • Jul 23
Red Pine Exploration Inc. Completes 2024-25 Drilling Program & Initiates Preliminary Economic Assessment Work at Wawa Gold Project
Red Pine Exploration Inc. announced the completion of its 2024-25 drilling program at the Wawa Gold Project. The drilling program commenced in November 2024 and was completed at the end of June 2025. The 2024-25 drilling program achieved its two primary goals: Strengthen geological database to evaluate potential starter open pits in two near-surface areas of the Jubilee Shear with 9,000 m of the 25,000 m program of infill drill holes; 45.38 grams per tonne of gold ("g/t Au") over 3.13 m core length, including 141.00 g/t Au over 0.88 m; 1.86 g/t Au over 19.09 m, including 4.28 g/t Au over 4.88 m; 14.51 g/t Au over 4.,81 m, including 90.40 g/t Au over 0.,67 m; Test the overall size potential of the gold system of the Wawa Gold Project beyond the 2024 Mineral Resource Estimate ("2024 MRE") with significant step-outs, over 600 m, from known areas of mineralization; 5.68 g/t Au over 10.72 m, including 19.05 g/t Au over 2.00 m; 8.41 g/t Au over 1.67 m, including 14.9 g/t Au over0.92 m; The newly discovered gold zone at depth that could extend over 940 m. Preliminary Economic Assessment ("PEA") work has commenced on the Wawa Gold Project: An environmental and permitting consultant with over 25 years of experience has been engaged. This work includes metallurgical testing and geotechnical work, mine design work, updating the 2024 MRE, as well as studies covering surface water and ground water, terrestrial and aquatic life, and the geochemical characterization of the mineralized and of the waste rocks from the deposits. The 1-kilogram screen assay method is selected for samples anticipated to contain coarse gold and when the fire-assay-AA finish return results greater or equal to 2.25 g/t Au. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are: the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and weather, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance. Longitudinal section (looking west) showing the gold mineralization in red grading greater than 1.6 g/t Au, several select assay results from recent drilling, and the 2024 MRE open pit shell and potential starter pit shells. Long longitudinal section (looking west) showed the gold mineralization in red grade grading greater than 1.6g/t Au, several select test results from recent drilling, and potential starter pit shells.