Red Pine Exploration Inc. (
TSXV: RPX,
OTCQB: RDEXF) (“
Red Pine” or the
“
Company”) reports that it has completed the
verification of all gold assay certificates received by the
Company from 2014 to the present for the Wawa Gold Project.
Paul Martin, Interim CEO and Chair of the Board
of Red Pine commented: “We are pleased to have completed the
reconciliation between our drill hole database and the one built
independently by WSP Global Inc. (“WSP”). This
marks a critical step towards completing an updated mineral
resource estimate.”
As reported in its press release of May 6, 2024,
the Company engaged WSP to lead an independent data
verification of all gold assay certificates from 2014 to
the present. Copies of the gold assay certificates were sent
directly to WSP by the two assay labs used by the Company during
this period and downloaded to a secure site. This verification
process has now been concluded.
As announced in the Company’s press release of
May 15, 2024, the Company immediately proceeded with the
preparation of an updated mineral resource estimate and National
Instrument 43-101 Technical Report for the Wawa Gold Project and
engaged WSP to undertake the evaluation.
The completion of the verification of all gold
assay results provides the Company and WSP with a
reliable baseline to update the Wawa Gold Project mineral
resource estimate. The updated mineral resource estimate will
include an additional 60,000 metres of drill core from 177 drill
holes representing 47,600 assay samples. These samples were taken
subsequent to the current Wawa Gold Project mineral resource
estimate as set out in the Company’s National Instrument 43-101
Technical Report dated June 21, 2023 (with a resource effective
date of May 31, 2019) entitled “National Instrument 43-101
Technical Report for the Wawa Gold Project”1/2 (the
“Technical Report”).
Qualified Person
Jean-Francois Montreuil, P.Geo. and Vice
President, Exploration of Red Pine and the Qualified Person, as
defined by National Instrument 43-101, has reviewed and approved
the technical information contained in this news release.
About Red Pine Exploration
Inc.
Red Pine Exploration Inc. is a gold exploration
company headquartered in Toronto, Ontario, Canada. The Company's
shares trade on the TSX Venture Exchange under the symbol "RPX" and
on the OTCQB Markets under the symbol “RDEXF”.
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 7000 hectares in size. Red
Pine is building a strong position as a major mineral exploration
and development player in the Michipicoten region.
For more information about the Company, visit
www.redpineexp.com
Or contact:
Paul Martin, Board Chair and Interim CEO, at
(416) 364-7024 or pmartin@redpineexp.com
Or
Carrie Howes, Director Corporate Communications,
at (416) 644-7375 or chowes@redpineexp.com
1 National Instrument 43-101 Technical Report
for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates
Ltd, report effective August 18, 2021.
2 Please see the Company’s press release dated
May 10, 2024, which quantifies the impact of the manipulated gold
assays on the mineral resource estimate set out in the Technical
Report.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding Forward-Looking
Information
This news release contains statements which
constitute “forward-looking information” within the meaning of
applicable securities laws, including statements regarding the
plans, intentions, beliefs and current expectations of the Company
with respect to future business activities and operating
performance.
Forward-looking information is often identified
by the words “may”, “would”, “could”, “should”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information contained in this news
release includes, but may not be limited to, statements regarding
an updated mineral resource estimate and its inclusion of an
additional 60,000 metres of drill core. Investors are cautioned
that forward-looking information is not based on historical facts
but instead reflects management’s expectations, estimates or
projections concerning future results or events based on the
opinions, assumptions and estimates of management considered
reasonable at the date the statements are made. Such opinions,
assumptions and estimates are inherently subject to a variety of
risks and uncertainties that could cause actual events or results
to differ materially from those projected and undue reliance should
not be placed on such information, as unknown or unpredictable
factors could have material adverse effects on future results,
performance or achievements. 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.
This information contained in this news release
is qualified in its entirety by cautionary statements and risk
factor disclosure contained in filings made by the Company,
including the Company’s financial statements and related MD&A
for the year ended July 31, 2023, and the interim financial reports
and related MD&A for the period ended October 31, 2023 and
January 31, 2024, filed with the securities’ regulatory authorities
in certain provinces of Canada and available
at www.sedar.com.
Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking information prove incorrect, actual results may
vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company
has attempted to identify important risks, uncertainties and
factors which could cause actual results to differ materially,
there may be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not
assume any obligation, to update this forward-looking information
except as otherwise required by applicable law.
Red Pine Exploration (TSXV:RPX)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Red Pine Exploration (TSXV:RPX)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024