Red Pine Drilling Intersects 7.76 g/t Gold Over 15.49 m in Potential Open Pit Area & Commences Updated Independent Resource Estimate
Red Pine Drilling Intersects 7.76 g/t Gold Over 15.49 m in Potential Open Pit
Area & Commences Updated Independent Resource Estimate
TORONTO--(BUSINESS WIRE)--September 30, 2025--Red Pine Exploration Inc. (TSXV:
RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) is pleased to announce additional
results from the recent near surface drilling program designed to better define gold
mineralization in the area of a potential open pit at the Wawa Gold Project (See Press Release
dated May 8, 2025).
Drilling Highlights (Table 1 and Figure 1)
7.76 grams per tonne (“g/t”) gold (“Au”) over 15.49 metres (“m”) core length, including
84.20 g/t Au over 1.00 m in hole SD-25-573
3.43 g/t Au over 9.63 m, including 9.77 g/t Au over 3.00 m in hole SD-25-574
5.37 g/t Au over 8.85 m, including 25.90 g/t gold over 1.03 m in hole SD-25-587
3.75 g/t Au over 7.63 m, including 8.95 g/t Au over 2.73 m in hole SD-25-589
Previous intersections from the same area include:
o 4.42 g/t Au over 18.99 m, including 40.20 g/t Au over 1.02 m in hole SD-17-172
o 3.08 g/t Au over 16.72 m, including 40.20 g/t Au over 1.00 m in hole SD-24-520
o 65.60 g/t Au over 1.12 m in hole SD-24-521
o 9.03 g/t Au over 14.00 m, including 54.40 g/t Au over 2.00 m in hole SD-25-581
Michael Michaud, President and CEO of Red Pine commented: “We are excited by these near
surface drill results that continue to identify higher grades within the Jubilee Shear Zone. With
the drilling for the updated mineral resource estimate now completed, we are moving forward to
completing a preliminary economic assessment (“PEA”) in the first half of 2026.
At the same time, metallurgical, geotechnical, and baseline work is underway to support
permitting. Our next drill phase to further expand near-surface gold mineralization is set to begin
shortly.
With funding in place to complete the PEA, we are on track in our work to unlock significant
value as we advance toward production and transition from explorer to producer in today’s
strong gold price environment.”
Drilling Program
Red Pine recently completed its diamond drilling program comprised of 69 drill holes for
24,531.19 m, that commenced in November 2024. A total of 14 drill holes aggregating to
2,533.10 m of drilling are included in this release (Figure 1). The Company has now received all
of the gold assay results for an updated independent mineral resource estimate currently
underway by WSP Canadal Inc. and to be disclosed in the pending PEA.
Table 1 Recent drilling results from the 2024-2025 drilling program
Hole From To Length Gold Zone
(#) (m) (m) (m)* (g/t) (name)
SD-25-565 27.96 33.50 5.54 2.30 HW – Vein Network
Including 33.00 33.50 0.50 11.20
SD-25-567 153.00 158.10 5.10 2.03 Jubilee Shear - Main
Including 154.20 154.83 0.63 8.40
SD-25-568 40.00 47.00 7.00 1.72 Jubilee Shear - Main
SD-25-572 68.02 75.18 7.16 2.61 Jubilee Shear - Main
SD-25-573 11.44 12.12 0.68 2.50 HW – Vein Network
85.00 100.49 15.49 7.76 Jubilee Shear - Main
Including 93.00 94.00 1.00 84.20
SD-25-574 152.00 161.63 9.63 3.43
Including 152.00 155.00 3.00 9.77
SD-25-575 103.42 106.00 2.58 1.66 Jubilee Shear - Lower
SD-25-578 86.53 92.68 5.12 0.65 Jubilee Shear - Main
SD-25-580 96.20 112.18 15.98 1.99 Jubilee Shear - Main
Including 108.74 112.18 3.44 7.04
SD-25-585 130.00 135.00 5.00 0.95 Jubilee Shear - Main
SD-25-587 155.03 163.88 8.85 5.37 Jubilee Shear - Main
Including 160.16 161.19 1.03 25.80
SD-25-589 85.54 93.17 7.63 3.75 Jubilee Shear - Main
Including 87.97 90.70 2.73 8.95
*Intercepts are calculated using a 0.40 g/t Au cut-off and a maximum of 6.0 m of internal
dilution with no capping applied and are reported over core lengths. True widths are estimated
to vary between 70 to 95% of the reported core length in the Jubilee Shear.
Quality Assurance/Quality Control ("QA/QC") Measures
Individual drill core samples are labelled and sawn in half along a pre-marked cutting line. A
consistent half-core sample is then placed in an individual numbered plastic sample bag that is
sealed. The remaining half-core samples are kept at the Company’s core storage facility located
on the Wawa Gold project. Quarter-core duplicates are taken from certain samples to define the
variability of gold distribution. Groups of samples are then placed into durable rice bags sealed
with security seals to be transported by commercial carrier for analysis at Activation
Laboratories Ltd. (Actlabs), Ancaster, Ontario. NQ core assays are obtained by 50-gram fire-
assay with a AA finish or by 1-kilogram metallic screen fire assay. The 1-kilogram metallic
screen assay method is selected for samples anticipated to contain coarse gold and when the
original fire-assay returns results greater or equal to 2.25 g/t Au. The residual coarse reject
portions of the samples remain in storage for a minimum 90-day period if further work or
verification is needed.
As part of its QA/QC program, Red Pine inserts external gold standards (low- to high-grade) and
blanks every 20 samples and routinely inserts blanks immediately after samples with visible
gold. Quarter core duplicates are routinely inserted to evaluate the natural variability of gold
mineralization. Assay certificates are sent to at least three members of the senior management
team, and they are directly accessible from the WebLIMS portal of Actlabs. Approximately 5%
of the pulps and coarse rejects analyzed at Actlabs are sent to Agat Laboratories in Thunder Bay
for umpire testing.
Table 2 – Drill hole location details
Hole
(#)
UTM E
(m)
UTM N
(m)
Elevation
(masl)
Azimuth
(°)
Inclination
(°)
Length
(m) Assays Status
SD-25-565 668411 5317357 387.5 335.0 63.1 177.0 Complete
SD-25-567 668447 5317314 390.7 297.8 44.9 255.0 Complete
SD-25-568 668094 5316469 354.1 285.1 45.1 115.0 Complete
SD-25-572 668081 5316391 357.0 294.9 46.1 141.0 Complete
SD-25-573 668169 5316493 367.5 309.7 53.0 135.0 Complete
SD-25-574 668263 5316411 373.1 287.1 48.6 183.0 Complete
SD-25-575 668086 5316389 356.4 324.9 70.1 132.0 Complete
SD-25-577 668224 5316471 379.8 292.1 51.6 137.3 Complete
SD-25-578 668047 5316245 383.0 309.9 45.0 171.0 Complete
SD-25-580 668107 5316316 376.2 317.2 61.9 160.7 Complete
SD-25-584 668206 5316528 379.5 343.0 55.0 264.0 Complete
SD-25-585 668164 5316320 372.9 310.2 51.1 204.0 Complete
SD-25-587 668256 5316344 370.9 290.1 55.0 225.0 Complete
SD-25-589 668216 5316594 369.5 300.0 45.1 233.1 Complete
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. The Company’s land package hosts
numerous historic gold mines and is over 7,000 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
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 the completing a PEA in the first half of 2026; the next drill
phase to further expand near-surface gold mineralization beginning shortly; and the Company
being on track to unlock significant value as it advances toward production and transitions from
explorer to producer. . 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, 2024, and the
interim financial reports and related MD&A for the period ended January 31, 2024, April 30,
2024, October 31, 2024, January 31, 2025 and April 30, 2025, filed with the securities’
regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca.
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.
Contacts
Michael Michaud, President and Chief Executive Officer, at (416) 364-7024
Manish Grigo, Director of Corporate Development, at (416) 569-3292