Precious Metals

Red Pine Exploration Inc. (TSX-V: RPX, OTCQB: RDEXF) (" Red Pine " or the " Company ") is pleased to report that the Company has filed its October 31 st 2021 quarterly condensed interim consolidated financial statements and related MD&A which can be found on the Company's website ( https:www.redpineexp.comfinancials ).

Included in the filing, in the Subsequent Events note to the financial statements, is confirmation that 6,159,033 warrants of the remaining 9,933,945 warrants expiring on December 31 st , 2021, with a strike price of $0.50 have been exercised, generating additional gross proceeds of $3.1 million.

Included in the exercise of the warrants are 5,299,525 warrants owned by Alamos Gold Inc. ("Alamos"). With this exercise, Alamos has exercised 100% of their warrants and currently owns approximately 19.75% of the Company's outstanding equity as of December 14, 2021. Alamos press released this exercise on December 13, 2021.

Red Pine plans to use the proceeds from the exercise of the warrants, along with the November 2021 completed flow-through financing for gross proceeds of $8.4 million, to continue to fund the exploration program at its Wawa Gold Project.

The Company also announces that its Board of Directors has granted an aggregate 150,000 stock options to Jim O'Neill, the newly appointed Chief Financial Officer and Corporate Secretary of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.52 per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory hold periods.

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" 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. 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

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.


News Provided by GlobeNewswire via QuoteMedia

RPX:CA
Red Pine Exploration

Red Pine Exploration


Keep reading...Show less
Shallow High-Grade Gold Discovery in the Extension of the Sadowski Zone: 52.12 g/t Gold over 2.29 metres

Shallow High-Grade Gold Discovery in the Extension of the Sadowski Zone: 52.12 g/t Gold over 2.29 metres

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new results from its 2022 Phase 1 exploration program. The exploration results continue to support the expansion of current resources and the potential for additional centres of mineralization within the Wawa Gold Project.

HIGHLIGHTS

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
The Power Play by The Market Herald Releases Interviews With Hank Payments, Red Pine Exploration, Affinor Growers, Nextech AR, Star Navigation, and Psyence

The Power Play by The Market Herald Releases Interviews With Hank Payments, Red Pine Exploration, Affinor Growers, Nextech AR, Star Navigation, and Psyence

The Power Play by The Market Herald has announced the release of new interviews with Hank Payments, Red Pine Exploration, Affinor Growers, Nextech AR, Star Navigation, and Psyence on their latest news

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Red Pine Drilling Update: High-Grade Intersect in the Southern Extension of the Surluga Deposit of 8 g/t Au over 11.38 m and Multiple High-Grade Intersects in the North

Red Pine Drilling Update: High-Grade Intersect in the Southern Extension of the Surluga Deposit of 8 g/t Au over 11.38 m and Multiple High-Grade Intersects in the North

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new and significant results from its 2022 Phase 1 exploration program (Figure 1).

  • Surluga South (Figures 1 and 2) – SD-21-312A confirms additional gold (Au) mineralization at depth with 8 g/t Au over 11.38 m between 640.69 and 652.07 m, including three high grade intersections of 57.99 g/t Au, 15.92 g/t Au and 9.33 g/t Au. Refer to Table 1.
  • Surluga North (Figures 1 and 3)– SD-22-321 expands gold mineralization beneath the current resource at the northern extension of the Surluga deposit with 8.46 g/t Au over 6.42 m between 219.79 and 226.21 m.  SD-22-326 intersected 11.19 g/t Au over 2.61 m. Refer to Table 2.

The exploration results continue to support the expansion of the current resources of the Wawa Gold Project along strike, dip and plunge.  Zones can achieve a notable grade and thickness of high-grade gold mineralization existing outside of the defined resources of the Surluga deposit. The current 2022 Phase 1 program has been advancing at an efficient pace with 14,864 m of drilling achieved year-to-date.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Red Pine Drilling Update: High-Grade Intersect in the Southern Extension of the Surluga Deposit of 8 g/t Au over 11.38 m and Multiple High-Grade Intersects in the North

Red Pine Drilling Update: High-Grade Intersect in the Southern Extension of the Surluga Deposit of 8 g/t Au over 11.38 m and Multiple High-Grade Intersects in the North

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new and significant results from its 2022 Phase 1 exploration program (Figure 1).

  • Surluga South (Figures 1 and 2) – SD-21-312A confirms additional gold (Au) mineralization at depth with 8 g/t Au over 11.38 m between 640.69 and 652.07 m, including three high grade intersections of 57.99 g/t Au, 15.92 g/t Au and 9.33 g/t Au. Refer to Table 1.
  • Surluga North (Figures 1 and 3)– SD-22-321 expands gold mineralization beneath the current resource at the northern extension of the Surluga deposit with 8.46 g/t Au over 6.42 m between 219.79 and 226.21 m.  SD-22-326 intersected 11.19 g/t Au over 2.61 m. Refer to Table 2.

The exploration results continue to support the expansion of the current resources of the Wawa Gold Project along strike, dip and plunge.  Zones can achieve a notable grade and thickness of high-grade gold mineralization existing outside of the defined resources of the Surluga deposit. The current 2022 Phase 1 program has been advancing at an efficient pace with 14,864 m of drilling achieved year-to-date.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Red Pine Launches Virtual Tour of the Wawa Gold Project

Red Pine Launches Virtual Tour of the Wawa Gold Project

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to announce the launch of its Virtual Site Tour utilizing the VRIFY Technology Inc. ("VRIFY") platform, leveraged to showcase the Wawa Gold Project. The VRIFY platform has been designed to assist investors in better understanding the scope of Red Pine's 100% owned Wawa Gold Project, and to provide the visual aids and updates in the form of valuable new data flow out of the current drilling program and integrated into the platform. With the progress of the drilling program, the VRIFY platform will be able to grasp these successes and demonstrate any material project advancement and value creation for the Company's stakeholders.

The 3D renderings and satellite imagery amalgamated into the VRIFY platform provides enhanced content to the Red Pine website, and via the VRIFY proprietary platform, a data rich showcase of the project's historical drilling and recent developments, which is a much more informative and transparent experience for the viewer. The virtual site tour adeptly showcases regional exploration activities and surrounding producers, the Wawa Gold site location, infrastructure, land tenure, geologic setting, mineralization model, drill holes and upside deposit potential.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
various commodities atop a laptop

Expert: War has “Supercharged” Commodities Prices

Investment strategies for weathering and benefiting from current market trends were a hot topic at Sydney's recent RIU Resources Round-Up, held in early May.

Current opportunities and potential future ones were highlighted in the keynote address offered by John Forwood, chief investment officer at Lowell Resources Funds Management.

Quoting a February report from the head of commodity research at Goldman Sachs (NYSE:GS), Forwood explained to attendees that we have reached a “molecule crisis” in the commodity space and are essentially “out of everything.”

Keep reading...Show less
Outback Goldfields CEO Chris Donaldson

Outback Goldfields CEO Chris Donaldson: Embracing the Second Gold Rush in the Victorian Goldfields

Outback Goldfields CEO:17 million oz. of gold produced and producing within 3 miles of our propertyyoutu.be

Keep reading...Show less
CMX Gold & Silver Corp

CMX Announces Media Marketing Contract and New Transfer Agent

(TheNewswire)

CMX Gold & Silver Corp.

May 19, 2022 TheNewswire - CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; (CNSX:CXC.CN); ( OTC:CXXMF ) ("CMX" or the "Company") announces that it has retained the services of Dig Media Inc., doing business as Investing News Network ("INN") for an investor marketing and advertising campaign. INN will provide on-line marketing, advertising and investor awareness services to the Company for the purposes of informing investors about CMX and activities on its 100%-owned Clayton Silver Project in Idaho, USA. The contract with INN is for a twelve-month digital media campaign at a monthly cost of $6,000 that ends on April 25, 2023.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Barrick Extends Revolving Credit Facility and Establishes Sustainability-Linked Metrics

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that it has completed an amendment and restatement of the company's undrawn $3.0 billion revolving credit facility, including an extension of the termination date by one year to May 2027, replacement of LIBOR with SOFR as the floating rate mechanism related to the interest rate for any US dollar funds drawn down, and the establishment of sustainability-linked metrics.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Newmont Publishes 2021 Climate Report

Today, Newmont Corporation (NYSE: NEM, TSX: NGT) published its 2021 Climate Report , the Company's annual report prepared in alignment with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report outlines how Newmont understands and is addressing climate change — from reducing our greenhouse gas emissions, to managing risks, to enhancing resilience within the Company and neighboring communities.

"Climate change, and its impact on our world, continues to be one of the greatest global challenges. It is our responsibility to work alongside government, investors and communities to effect change," said Newmont President and CEO Tom Palmer. "Newmont is addressing these challenges by setting science-based emissions reduction targets and leveraging our size, scale and resources to build strategic alliances to develop future technologies. We are driven by our commitment to our purpose — to create value and improve lives through sustainable and responsible mining."

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×