Not for distribution to United States Newswire Services or for dissemination in the United States Red Pine Exploration Inc. is pleased to announce that its non-brokered private placement, previously announced on November 23, 2018, has been oversubscribed. The Company initially announced the offering was for gross proceeds of up to C$1,000,000 with the option at the Company’s discretion to increase the size of the [...]
Not for distribution to United States Newswire Services or for dissemination in the United States Red Pine Exploration Inc. announces that is has closed a first tranche of the previously announced non-brokered private placement financing of the Company . Under the first tranche, Red Pine issued 21,040,000 Flow-through units of the Company priced at $0.05, for gross proceeds of approximately $1,052,000. In consideration [...]
Red Pine Exploration Inc. announces that Dr. Robert Dodds’ status of Executive Director of Mine Development has changed to Director of the Company effective immediately. Dr. Dodds will qualify as an Independent Director of the Company in 2020. Bob is stepping down as Executive Director to devote his time to his new role as Vice Chair of the Ontario Energy Board . The OEB regulates the electricity and natural gas [...]
Red Pine Exploration Inc. announced today that Ms. Petra Decher has stepped down as Chair and Director of the Company. “Petra has served on the Red Pine Board of Directors since the Company merged with Augustine Resources Inc. in January 2017. On behalf of the Board, the management team and our shareholders, I want to thank Petra for her service to the Company and to wish her all the best in the future,&rdquo [...]
Not for distribution to United States Newswire Services or for dissemination in the United States Red Pine Exploration Inc. announces a non-brokered private placement of a combination of non-flow-through units and flow-through shares for gross process of up to $1,000,000 in such relative amounts as determined by the Company. Each Unit shall consist of one common share of the Company and one half of one common share [...]
Red Pine Exploration Inc. announces its first mineral resource estimate for the Minto Mine South Project located near Wawa, Ontario . The Company has completed the estimate to assess the viability of a bulk sample and/or early mining scenario. The mineral resource estimate was prepared by Golder Associates Ltd. . Figure 1: Minto Mine South Project Location Highlights includes : 105,000 tonnes @ 7.5 g/t gold in the [...]
Red Pine Exploration Inc. is pleased to announce that Mr. Andrew Baumen, P.Eng. has been appointed to Red Pine’s Board of Directors effective immediately. Mr. Baumen is a senior mining engineer with more than 30 years’ experience in the mining industry with achievements in operating and managing both open-pit and underground operations. He was most recently Vice President Technical Services at Barrick Gold[...]
Red Pine Exploration Inc. announces that drilling of the Surluga Deposit continues to confirm the existence of wide zones of high-grade mineralization. With several new high-grade gold discoveries in the Jubilee Shear, including 5.28 g/t gold over 14.6 metres in SD-17-173 and 3.5 g/t gold over 32.8 metres in SD-18-228 , these latest results further support the potential for a higher-grade underground resource accessible [...]
Red Pine Exploration Inc. announces that it continues to discover new intersections of high-grade gold within the current inferred resource, that have not been included in the calculation of the resource of the Surluga Deposit1. Plan map of drilling results Cross-section of drilling results in relation to the current Surluga Deposit resource shell model The Company’s infill drilling program is steadily adding new [...]
Red Pine Exploration Inc. announces results from nineteen holes at its Wawa Gold Project, 2 kilometres east of Wawa, Ontario. The drill holes were part of Red Pine’s 2017-2018 drill program to test the southern extension of the Minto Mine South Zone. Plan map of drilling results Drilling highlights : Discovery of high-grade gold in the southern extension of the Minto Mine South Zone: 7.15 g/t gold over 5.1 metres [...]
Red Pine Exploration Inc. has received results for historic holes sampled as part of its 2018 Historic Core Sampling Program at its Wawa Gold Project, located in Wawa, Ontario. To date this year, the Company has logged and sampled over 13,200 metres of historic core that was drilled by previous operators. Assay results from 10,400 metres of this historic core indicate that significant amounts of gold are present in 41 [...]
Red Pine Exploration Inc. announces that its Board of Directors has granted an aggregate of 2,650,000 stock options to directors, employees and consultants of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.06 per common share, vests immediately upon grant, and expires 5 years from the date of grant. About Red Pine Exploration Inc. Red Pine Exploration Inc. is a gold and [...]