Red Pine Exploration

Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) told investors that its 2021-2022 surface exploration drilling program at its Wawa gold project in Ontario had "successfully" expanded high-grade gold mineralization and shown the potential to further expand the resource. In a wide-ranging update, the company shared the highlights of over 47,000 metres (m) of drilling conducted since it consolidated 100% ownership of the asset in the Michipicoten greenstone belt. » Mehr auf proactiveinvestors.ca

Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) has unveiled the latest exploration findings from its Wawa gold project in the Michipicoten greenstone belt of Ontario, which, the firm said, continues to show that mineralization can be extended beyond the current resource at the Surluga deposit, and also found additional gold-bearing structures on the property. "The exploration story continues to unfold with additional discoveries made outside the Surluga and Minto resources that remain open down dip and down-plunge," said Quentin Yarie, the CEO of Red Pine Exploration in a statement. » Mehr auf proactiveinvestors.com

Red Pine Exploration Inc (TSX-V:RPX, OTCQB:RDEXF) said it has completed its previously-announced bought deal financing, raising gross proceeds of C$5,518,159.70 by issuing 7,693,000 company common shares, at a price of C$0.26 per share, along with 11,726,599 Red Pine flow-through (FT) shares at a price of C$0.30 per FT share.   The gold project developer noted it plans to use the net proceeds from the sale of the non-flow-through shares for exploration at its Wawa Gold project and for working capital and general corporate purposes, while gross proceeds from the sale of the FT shares will be used to incur eligible Canadian Exploration Expenses as defined in the Income Tax Act (Canada). » Mehr auf proactiveinvestors.com