Red Pine Exploration Inc. announces it has engaged GoldSpot Discoveries to apply its proprietary machine learning technology and greenfield geoscience expertise on the Wawa Gold Project. GoldSpot Discoveries will bring its proven artificial intelligence expertise that has previously led to important mineral discoveries. GoldSpot is a technology company focused on developing artificial intelligence technologies for ...

Red Pine Exploration Inc. (TSX–V: RPX, OTCQB: RDEXF) (the "Company" or "Red Pine") announces it has engaged GoldSpot Discoveries (TSXV: SPOT; OTCQX: SPOFF), to apply its proprietary machine learning technology and greenfield geoscience expertise on the Wawa Gold Project. GoldSpot Discoveries ("GoldSpot") will bring its proven artificial intelligence expertise that has previously led to important mineral discoveries.

GoldSpot is a technology company focused on developing artificial intelligence technologies for the mining and exploration sector. GoldSpot is working with some of the leading exploration and mining names in the industry, applying their cutting-edge algorithms to significantly increase the efficiency and success rate of mineral exploration.

The Company has an extensive land package that spans over 6,900 hectares in the Michipicoten greenstone belt and will focus GoldSpot on areas with the least information so that it can efficiently plan exploration in these areas. There are several past producing mines on the property that warrant further investigation and GoldSpot's input will allow the Company to expand exploration beyond its currently identified high priority targets.

The airborne magnetic data is a good depiction of the complex geology of the Wawa Gold Corridor. The Company's focus has been in areas like the Historic Surluga and Minto mines where the preponderance of information was readily available. These areas represent just a small percentage of the property which comprises a large land package with numerous existing high-value gold targets.

With the use of GoldSpot's technology and new data acquisition methods, the Company will be able to refine its discovery process by leveraging sophisticated and cost-efficient targeting software to delineate drill-ready locations to prioritize, a complimentary aspect to Red Pine's technical and geological team with a strong history of discovery success.

Figure 1 accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6fed985a-9ef9-44d6-a16f-38c6be2b0699

Figure 2 accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/183a9b42-fdf7-48b5-8fae-df53f1663abe

"We have excellent resources for GoldSpot to target using their technology, including a full suite of geophysical, geochemical, geology and structural databases. GoldSpot technology will enable us to expand our understanding of the gold system in areas of our property that we have not explored yet," said Quentin Yarie, CEO and President of Red Pine Exploration. "With the recent success of the initial 2021 drilling program and the completion of the November flow-through financing for aggregate gross proceeds of C$8.4 million, the Company is working to expand upon the current NI 43-101 compliant resource with 1,307,000 tonnes at 5.47 g/t gold for 230,000 ounces in the indicated category and 2,716,000 tonnes at 5.39 g/t gold for 471,000 ounces in the inferred category contained between surface to 350 meters depth."

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release's technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines from the Province of Ontario. Protocols were put in place to ensure our employees' and contractors' safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

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. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021

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.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

Alianza Minerals and Cloudbreak Discovery acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado

Alianza Minerals and Cloudbreak Discovery acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado

(TheNewswire)

Alianza Minerals Ltd

  • Second Copper Prospect acquired under Southwest US Copper Alliance

Keep reading... Show less
Metals Creek Receives 1st Anniversary Option Payment for Flint Lake from Manning

Metals Creek Receives 1st Anniversary Option Payment for Flint Lake from Manning

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or "Metals Creek") is pleased to announce that the company has received the 1st year anniversary payment of $30,000 and 400,000 shares from Manning Ventures Inc. (CSE: MANN) ("Manning") for the Flint Lake Option.

Manning has the right to earn a 100% interest of Metals Creeks 81.3 % interest in the Flint Lake project.

Keep reading... Show less
Fabled Silver Gold Issues Shares for Payment of Services by Agoracom and Announces Extension of Agreement

Fabled Silver Gold Issues Shares for Payment of Services by Agoracom and Announces Extension of Agreement

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) wishes to announce that it has renewed its agreement (the "Renewal Agreement") with Agora Internet Relations Corp. ("AGORA") to provide online advertising, marketing and branding services ("Advertising Services") as of November 15, 2021, and wishes to issue common shares in settlement of Advertising Services provided by AGORA to the Company pursuant to the shares for services program ended September 30, 2021 (the "Prior Agreement

The Company has agreed to issue a total of 519,007 common shares of the Company in respect of the settlement of the Prior Agreement and an additional 169,500 common shares of the Company in respect of the first payment required by the Renewal Agreement for a total of 689,007 common shares of the Company.

Keep reading... Show less
Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

Vanstar Mining Resources Inc. (TSXV: VSR (OTCQX: VMNGF) ("Vanstar", or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with IAMGOLD Corporation ("IAMGOLD") to acquire a 75% interest in the Calder-Bousquet property (the "Property") also referred as the Bousquet-Odyno project. The Property consists of 37 contiguous mining claims covering approximately 1,490 ha and is located directly south of highway 117 between the towns of Rouyn-Noranda and Malartic. The Property lies within the Abitibi greenstone gold belt, along the Cadillac break, a prolific gold bearing regional structure that has produced 100 million ounces of gold since 1900. Historical drilling on the property prior to IAMGOLD has identified a number of gold zones, including the Calder-Bousquet Zones No. 2, No. 4 and No. 5. Historical drilling has been relatively shallow, down to approximately 250 metres ("m").

From 2010 to 2016, IAMGOLD engaged in successive exploration programs including surface geological mapping and outcrop stripping to develop and refine structural controls relating to the historical gold zones, geophysics and geochemistry surveys to guide drilling programs and the completion of just over 20,000 m of diamond drilling to test historical gold zones and other exploration targets. Selected results from IAMGOLD's drilling programs include:

Keep reading... Show less
TDG Gold Corp. 'S First Drill Results at Shasta Report Up To 25 G/T Gold and >100 G/T Silver

TDG Gold Corp. 'S First Drill Results at Shasta Report Up To 25 G/T Gold and >100 G/T Silver

TDG Gold Corp. (TSXV: TDG) (the "Company" or "TDG") is very pleased to announce the first drill results of its 2021 Shasta diamond drill campaign from holes SH21-004 and SH21-005. These holes are located over 50 metres ("m") south of historical underground workings and provide the first drill section and new samples of in-situ mineralization. These results have been received directly from SGS Canada Inc. ("SGS") and are the first preliminary 2021 drill results released for TDG's Shasta project which is located in the Toodoggone district of north-central B.C. The results are subject to further quality assurance and quality control assessment, and several over limit re-assays are pending for gold (>10 grams per tonne "gt") and silver (>100 gt) as shown below. The highest grade gold ("Au") and silver ("Ag") assay intervals are shown in Table 1 below. The assay results reported either side of the high grade gold and silver intercepts are indicative of halo style mineralization at Shasta (see Table 2) and which has been demonstrated to exist in epithermal gold and silver deposits in the Toodoggone district

Table 1. Select intervals of preliminary assay results.

Keep reading... Show less
Gran Colombia Changes Name to GCM Mining Corp.

Gran Colombia Changes Name to GCM Mining Corp.

Gran Colombia Gold Corp. (the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has changed its name to GCM Mining Corp. effective immediately and its website can be found at www.gcm-mining.com .

Commenting on the name change, Serafino Iacono, Executive Chairman of the Company, said "We are very proud of our Colombian roots and, in Colombia, we will continue to operate as Gran Colombia. Our new corporate name reflects our strategy to grow through diversification, expanding our operations and investments to other countries and broadening our products to include other metals beyond just gold and silver. With the acquisition earlier this year of the Toroparu Project in Guyana and our equity stake in Denarius and its flagship Lomero Project in Spain, we have commenced our diversification strategy. We have a strong balance sheet and we are fully funded to build Toroparu, one of the largest undeveloped gold/copper projects in the Americas. We expect to announce the results on the updated mineral resource estimate and preliminary economic assessment for Toroparu shortly, solidifying its position along with our Segovia Operations, as a cornerstone asset in GCM Mining Corp."

Keep reading... Show less

Top News

Related News