RPX Extends Strike Length to ~5Km

Precious Metals
Gold Investing

A recent article by RCKS Talk highlighted Red Pine Exploration Inc. (TSXV:RPX).

A recent article by RCKS Talk highlighted Red Pine Exploration Inc. (TSXV:RPX).
As quoted in the article:
Red Pine Exploration Inc. (TSXV:RPX) released partial results from three holes drilled ~3 km South of the Surlaga deposit during the ongoing 6 km campaign at the Wawa gold project (60% interest) in Ontario. Hole SD-17-56 returned 57.31 g/t Au over 3.14m. This hole, together with SD-17-55 that returned 42.22 g/t Au over 2.44m, was drilled to test the near-surface extension of the northernmost high-grade zone at Darwin-Grace. This zone is largely underexplored and while early days, these initial results suggest the potential for a new deposit at Darwin-Grace. As well, these results suggest that the Wawa Gold project now has strike length of ~5km. Considering that the current 1.1 million oz Au resources covers a ~1.5km strike length, we believe substantial resource growth is possible. Red Pine currently trades at C$43/oz a discount to peers (C$57/oz). We believe that as Red Pine continues to demonstrate the potential of the Wawa gold project through its ongoing exploration program, it should help close the valuation gap to peers.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. RCKS Talk aims to provide unique investment ideas for everyone. Red Cloud KS may hold long or short positions in companies mentioned and/or may have provided or provide in the future services to these companies. See their full disclaimer for details.

The Conversation (0)
×