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InvestmentPitch Media Video Discusses Red Pine Exploration's Diamond Drilling Program to Begin Mid-July at its Wawa Gold Project in Ontario - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - Red Pine Exploration (TSXV: RP...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses Red Pine Exploration's Diamond Drilling Program to Begin Mid-July at its Wawa Gold Project in Ontario - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - Red Pine Exploration (TSXV: RPX) has announced a diamond drilling program to begin mid-July to test the first two of six priority targets, to depth below 350 meters, at its Wawa Gold Project, at the newly discovered Cooper Structure and at the Surluga Deposit. Mechanized ground stripping is currently underway at the Cooper Shear Structure, Grace Deformation Zone and the southern extension of the Jubilee Shear Zone.For more information, please view the InvestmentPitch Media \"video\" which provides additional information on the company and this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Red Pine\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/Red Pine's Wawa gold project comprises a large, 6,519-hectare property located 2 kilometers outside the town of Wawa in the prolific gold mining area in Northern Ontario, home to several of Canada's largest current and past producing gold mines. To date the company has reported a mineral resource estimate for 2 adjacent deposits: an updated estimate for the Surluga deposit and a maiden resource for the Minto Mine South Deposit, both of which exceed 5 grams per tonne and are open at depth. In a comparison of the 2015 and 2019 block models, the company shows that it has increased the \"Indicated\" tonnage by 1,336,000 tonnes at grades from 5.26 grams per tonne to 7.5 grams per tonne for an additional 233,000 ounces gold. In the \"Inferred\" category, tonnage was reduced by 17% while increasing the grade by 24% to add a net 2.3% more ounces of gold.Quentin Yarie, President and Chief Executive Officer of Red Pine stated, \"We were successful in upgrading the Surluga Deposit, considering the requirement for reasonable prospects of eventual economic extraction, from a pit constrained model to an underground resource model that is accessible utilizing the existing underground mining infrastructure. Our strategy moving forward will be to continue to define shallow, high-grade deposits, on the property and prove the extension of the Surluga and Minto Mine South deposits beyond the r...