Red Pine Exploration Inc. (TSXV:RPX) – Landmark Resource Update Signals Potential
Impact: Very Positive
Red Pine announced an updated underground resource for its Surluga Deposit with 600Koz at 5.3 g/t Au, which we view as a significant milestone, demonstrating that Surluga is a robust and mineable deposit with plenty of room for growth. Perhaps more importantly, we feel Red Pine is just getting started at its Wawa Gold Project, having also recently announced budding resources at Minto South (100Koz at 6.8 g/t Au) and having made a number of new gold discoveries within the Wawa Gold Corridor (WGC). We believe the WGC has multi-million-ounce gold potential which Red Pine is well positioned to surface via drilling.