01:14 PM EST, 02/19/2025 (MT Newswires) -- Red Pine Exploration ( RDEXF ) shares were last seen down 10% after the company on Wednesday released results from three drill holes totaling 2,793 meters at its Wawa Gold Project.

The company said best results from assays included 8.41 grams per tonne of gold over 1.67 meters and 4.77 gpt of gold over 1.0 meters.

"We are excited that our deep drilling of the Jubilee Shear has intersected what is interpreted to be a new zone of higher-grade mineralization parallel to the known high-grade shoots existing closer to surface," said chief executive Michael Michaud. "

Red Pine shares were last seen down $0.02 to $0.12 on the TSX Venture Exchange.

Price: 0.12, Change: -0.02, Percent Change: -14.29