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Red Pine Says Discovers "Significant Gold Mineralization" of Jubilee Shear on Wawa Gold Project
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Red Pine Says Discovers "Significant Gold Mineralization" of Jubilee Shear on Wawa Gold Project
Nov 3, 2024 3:45 PM

10:22 AM EDT, 10/31/2024 (MT Newswires) -- Red Pine Exploration ( RDEXF ) Thursday announced assay results from an additional 13 drill holes at the Wawa Gold Project, Ontario.

Red Pine noted it revisited various holes drilled between 2022 and 2024. In one of the relogged drill holes designed to test the faulted offset of the Jubilee Shear, "significant" gold mineralization was discovered. Results included 1.19 grams per tonne (g/t) gold over 6.48 m, including 5.32 g/t gold over 1.29 m.

It added "significant" gold mineralization was recorded in several of the other remaining holes of the exploration program being released. Results from these holes extended gold mineralization in the Jubilee Shear, with visible gold noted, assaying 5.53 g/t gold over 1.20 m

"We are pleased with the recent results that intersected significant gold mineralization from the southern, down plunge extension of the Jubilee shear offset by the later stage Parkhill Fault, said Michael Michaud, President and CEO. "Previous near-surface exploration has never intersected such encouraging gold mineralization. It is only now with the deeper drilling, along with a better understanding of the geologic model, that we have intersected the interpreted down-plunge continuation of the Jubilee shear gold mineralization."

Price: 0.13, Change: -0.01, Percent Change: -3.70

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