Red Pine Exploration Inc. (TSXV:RPX) reported additional high-grade results from 3 holes targeting and further extending the Minto Mine South Zone,
as highlighted by hole SD-17-90 averaging 15.3 g/t gold over 2.03m. Visible gold was once again intersected in the Minto Mine South Zone, the zone
remains open at depth and along strike and the company notes its predictability allows it to be explored efficiently. In addition, a new gold-bearing
structure has been identified by hole SD-17-92 which intersected 4.01 g/t Au over 2.07m. Results from 12 boreholes are still pending from the Minto
Mine South Zone, and an additional 10 holes are in the planning stages to define strike and depth which will also help to further understand the Minto
E Zone. Red Pine currently trades at a steep discount to peers (C$28/oz vs. peers at C$61/oz), which does not appear to reflect the current deposit
or its significant growth potential. We believe that as Red Pine continues to demonstrate the potential of the Wawa Gold Project through its ongoing
exploration program, it should close the valuation gap to peers.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Red Cloud Klondike Strike Inc.
105 King Street East, 2nd Floor
Toronto ON, M5C 1G6
Priced as of prior trading day's market close, EDT (unless otherwise noted).
All values in USD unless otherwise noted
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Red Pine Exploration Inc. - TSXV:RPX - 1,2,3,4,7
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