Business
InvestmentPitch Media Video Discusses Red Pine Exploration's Shareholder Update and Pending Resource Estimate on its Wawa Gold Project in Ontario - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - Red Pine Exploration (TSXV: RPX...
About this update from Rpx Gold Inc.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Red Pine Exploration's Shareholder Update and Pending Resource Estimate on its Wawa Gold Project in Ontario - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - Red Pine Exploration (TSXV: RPX), in anticipation of the revised resource estimate for the Surluga Deposit, has provided an update on its Wawa Gold Project. The Wawa gold project comprises a large, 6,519-hectare property located 2 kilometers outside of Wawa in the prolific gold mining area in Northern Ontario, home to several of Canada's largest current and past producing gold mines.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/video/0_i4lizheg/Red-Pine-provides-update-on-Wawa-Gold-project-in-Ontario-in-anticipation-of-new-resource-estimateA total of 39 holes for 11,317 metres of drilling was completed at the Surluga Deposit with the aim to shift the deposit from a lower-grade open pit to a higher-grade underground resource. The expansion program included infill, confirmation and exploration drilling intended to expand and fill in areas of the deposit that were either never previously tested or given a value of \"0\" in the previous resource estimate. Results, as reported in previous news releases, indicate new, high-grade gold zones within, above and below the current resource.The new resource, expected at the end of June 2019, will also incorporate the results of the company's sampling of 42,000 metres of historic drill core (from 318 underground and 119 surface drill holes) that were not assayed by previous operators and that showed significant gold intercepts. Red Pine's drilling to date totals more than 59,900 metres, with extensive exploration drilling to the north/northeast and south of the Surluga Deposit. This led to the discovery of the Wawa Gold Corridor, a gold mineralization zone that extends at least 6 kilometres, and the delineation of the new, high-grade Minto Mine South Deposit, with a resource of 100,000 ounces gold at an average grade of 6.8 grams per tonne at a cut-off grade of 3.5 grams per tonne gold i...