Red Pine Drilling Intersects 9.03 g/t gold over 14.00 m core length, further supporting Open Pit Potential
Red Pine Drilling Intersects 9.03 g/t gold over 14.00 m core length, further
supporting Open Pit Potential
TORONTO--(BUSINESS WIRE)--September 4, 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)
9.03 grams per tonne (“g/t”) gold (“Au”) over 14.00 metres (“m”) core length, including
54.40 g/t Au over 2.00 m in hole SD-25-581
2.66 g/t Au over 10.13 m including 9.18 g/t Au over 1.12 m and 6.85 g/t Au over 1.00 m
in hole SD-25-570
2.47 g/t Au over 7.50 m including 12.90 g/t gold over 0.73 m in hole SD-25-576.
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-25-520
o 65.60 g/t Au over 1.12 m in hole SD-25-521
Michael Michaud, President and CEO of Red Pine commented: “We are encouraged by the near-
surface drilling results, which returned high-grade gold within the Jubilee Shear Zone and
confirms continuity with previous drilling. The presence of higher-grade mineralization near
surface supports the potential for toll milling and use of regional infrastructure in our evaluation
of the open pit potential of the Wawa Gold Project.
Our immediate focus is updating the mineral resource estimate ahead of a PEA (“Preliminary
Economic Assessment”) in early 2026, which will define the optimal mining and processing
strategy. With baseline studies underway and funding in place to complete the PEA, we are
advancing toward production and the long-term goal of transitioning from explorer to producer
in today’s strong gold price environment.”
Drilling Program
Red Pine has now completed its diamond drilling program that commenced in November 2024
and totaling 69 drill holes for 24,575 m. A total of 23 drill holes totalling 4,492 m of drilling are
included in this release. The gold assay results from the drilling program will strengthen the
geological database for the forthcoming update of the mineral resource that will support the
evaluation of a possible open pit (Figure 1). Drilling has successfully demonstrated the presence
of significant gold mineralization in the potential open pit area. Additional drilling results from
11 holes remain pending.
Drilling has also intersected gold mineralization in satellite zones in the hanging wall of the
Jubilee Shear that could contribute to reducing the stripping ratio of the possible open pit and
include the following significant results:
SD-25-590 intersected 4.38 m @ 4.64 g/t Au, including 1.00 m @ 18.60 g/t Au
SD-25-588 intersected 7.73 m @ 1.62 g/t Au, including 1.43 m @ 6.07 g/t Au
Table 1 Recent drilling results from the 2024-2025 drilling program
Hole
(#)
From
(m)
To
(m)
Length
(m)*
Gold
(g/t)
Zone
(name)
SD-25-547 24.33 27.33 3.00 4.68 Jubilee Shear - Main
SD-25-549 63.00 64.00 1.00 1.60 Jubilee Shear - Main
SD-25-551 118.00 119.06 1.06 8.32 Jubilee Shear - Main
SD-25-554 64.24 65.50 1.26 1.83 Jubilee Shear - Main
SD-25-561 109.34 110.00 0.66 2.13 Jubilee Shear - Main
SD-25-564 80.18 88.47 8.29 0.94 Jubilee Shear - Main
SD-25-566 19.95 21.36 1.41 21.90 Jubilee Shear - Lower
SD-25-567 100.00 101.00 1.00 1.72 HW – Vein Network
SD-25-569 29.08 33.00 3.92 1.09 Jubilee Shear - Main
SD-25-570 82.37 92.50 10.13 2.66 Jubilee Shear - Main
including 88.18 89.30 1.12 9.18
and 91.50 92.50 1.00 6.85
SD-25-571 88.00 89.00 1.00 1.01 Jubilee Shear - Main
SD-25-576 49.03 56.53 7.50 2.47 Jubilee Shear - Main
including 51.21 51.94 0.73 12.90
SD-25-579 125.78 139.84 14.06 0.48 Jubilee Shear - Main
Including 139.02 139.84 0.82 5.39
SD-25-581 102.00 116.00 14.00 9.03 Jubilee Shear - Main
Including 113.00 114.00 1.00 24.90
and 114.00 115.00 1.00 83.90
SD-25-583 110.27 120.35 9.78 1.11 Jubilee Shear - Main
including 116.32 117.31 0.99 5.43
SD-25-584 9.00 14.00 5.00 1.13 Vein Network
111.00 127.00 16.00 0.77 Jubilee Shear - Main
including 111.00 112.00 1.00 6.47
SD-25-586 113.55 117.99 4.44 2.90 Jubilee Shear - Main
including 115.06 116.51 1.45 6.04
SD-25-588 64.27 72.00 7.73 1.62 HW - Satellite Shears
including 69.21 70.64 1.43 6.07
107.11 117.21 10.10 1.12 Jubilee Shear - Main
including 113.00 114.06 1.06 3.91
SD-25-589 158.66 171.66 13.00 0.63 Jubilee Shear - Lower
including 163.00 164.21 1.21 2.23
SD-25-590 69.42 73.80 4.38 4.64 HW - Satellite Shears
including 69.42 70.42 1.00 18.60
*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 split in half along a pre-marked cutting line using a
diamond saw. A consistent half-core sample is then placed in an individual plastic sample bag
that is sealed. The remaining half-core samples are kept at the core storage facility of the
Company 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 using a commercial carrier for
analysis to Actlabs in Ancaster, Ontario. NQ core assays were obtained by 50-gram fire-
assaying-AA finish or by 1-kilogram screen fire assay. The 1-kilogram screen assay method is
selected for samples anticipated to contain coarse gold and when the fire-assay-AA finish return
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 insert 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-
547 668289 5317260 346.6 290.2 47.3 126.0 Complete
SD-25-
549 668364 5317460 375.5 290.0 45.0 135.0 Complete
SD-25-
551 668366 5317458 375.9 290.0 89.1 132.0 Complete
SD-25-
554 668332 5317414 376.3 114.3 85.2 132.0 Complete
SD-25-
560 668368 5317493 372.5 290.0 45.0 276.0 Complete
SD-25-
561 668370 5317491 373.3 107.0 79.1 162.0 Complete
SD-25-
563 668517 5317471 374.8 297.6 45.2 249.0 Complete
SD-25-
564 668407 5317355 386.6 289.9 46.0 222.0 Complete
SD-25-
566 667968 5316541 353.9 308.0 60.1 354.0 Partial
SD-25-
567 668447 5317314 390.7 297.8 44.9 255.0 Partial
SD-25-
569 668154 5316641 351.8 295.0 46.0 180.0 Complete
SD-25-
570 668160 5316465 366.5 277.3 51.0 92.5 Complete
SD-25-
571 668164 5316542 370.1 290.2 45.0 180.0 Complete
SD-25-
576 668021 5316301 374.7 295.1 45.1 135.0 Complete
SD-25-
579 668224 5316471 379.8 283.1 64.0 201.0 Complete
SD-25-
581 668106 5316316 376.3 265.9 48.0 159.0 Complete
SD-25-
582 668322 5316534 385.9 299.0 47.2 264.0 Complete
SD-25-
583 668168 5316373 370.6 325.1 53.5 198.0 Complete
SD-25-
584 668206 5316528 379.5 343.0 55.0 264.0 Complete
SD-25-
586 668206 5316529 379.5 314.0 46.0 219.0 Complete
SD-25-
588 668207 5316529 379.5 293.1 48.1 219.0 Complete
SD-25-
589 668216 5316594 369.5 300.0 45.1 233.1 Partial
SD-25-
590 668208 5316528 379.5 287.0 61.9 104.3 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 higher grade gold mineralization at surface providing an
opportunity to advance towards mine production utilizing toll milling and other regional
infrastructure to leverage the high gold price environment; the Company’s focus is on updating
the mineral resource estimate, which will serve as a basis for a PEA study to be completed early
in 2026; the PEA will highlight the optimal mining and processing scenario and the overall value
of the project at this time; the Company’s goal being to transition from an exploration company
to producer over the next several years; and the Company being funded to complete the PEA.
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 or
Manish Grigo, Director of Corporate Development, at (416) 569-3292 or