08:37 AM EDT, 05/29/2024 (MT Newswires) -- Red Pine Exploration ( RDEXF ) on Wednesday said exploration drilling at its Wawa gold project in Ontario showed gold mineralization, announcing results that come after the company had to correct earlier assay results from the project.

The company said best results from from assays on 14 exploration holes drilled into the Jubilee shear system at the property included 5.58 grams per tonne of gold over 18.44 meters and 2.21 gpt of gold over 13.27 meters.

The results come after the company earlier this month reported "inconsistencies of certain assay results" from the project, an admission that pushed its shares down 20%. Red Pine said 382 assays were misreported since it acquired the site in 2019. The company is revising its mineral resource estimate for the property to account for the errors.

It also said it changed its quality assurance protocols following the admission, with assay results sent to two senior managers and making laboratory results directly accessible from the source.

The company didn't provide any more details on its investigation into the prior announced results.

"The recent intersection of significant gold mineralization in the Jubilee Shear continues to confirm the continuity of the mineralization that remains open down dip and down plunge. With the detailed review, and correction, of our drill database completed and the addition of significant gold assays from our drill program, we look forward to reporting our updated NI 43-101 resource in Q3," interim chief executive Paul Martin said in a release.

Red Pine shares closed unchanged at $0.09 Tuesday on the TSX Venture Exchange,