• SD-17-90: 2.03m@ 15.3 g/t Au
While testing the south-south-east trending Minto Mine Structure, Red Pine recently discovered a new structure referred to as Minto E, adjacent
to the Minto Mine South Zone and trending in a north-east direction. The Minto E discovery laterally expands the Minto Mine South Zone to the east.
Moreover, the spatial relationship between Minto E and the Minto Mine South Zone bears a strong similarity to the Parkhill Mine, historically the
highest grading mine within the Wawa Gold Corridor. Assay results from 12 holes (including Minto E) are still pending from the Minto Mine South
zone. It should be noted that 7 of these 12 holes encountered visible gold in core as depicted in Figure 3.
Wawa Gold Project benefits from excellent infrastructure.
The Wawa Gold Project benefits from excellent infrastructure access
as it is situated on the outskirts of the town of Wawa (Population 3,000) which is serviced by the Trans Canada Highway and connected to the provincial
hydro power grid - a 230 kV power line crosses the southern part of the property and a second power line crosses the western portion of the property.
A well maintained gravel road provides access to large portions of the property and connects to Wawa’s municipal road network. Within minutes of
landing at Wawa Municipal Airport we were on site in the company’s well equipped and spacious core logging facilities. The tour included stops
at Surluga Road Shear Zone exposure (Figure 5) and reclaimed historic mine sites, including the “maiden” shaft sunk into the Jubilee Zone in the
1930s and the historic Darwin-Grace and Minto Mines.
Site visit supports our view that considerable upside remains.
Results from Red Pine’s ongoing 20,000m drilling program appear
to validate the company’s geologic model of the 4.75 km Wawa Gold Corridor. We are encouraged by the fact that Red Pine continues to encounter
gold mineralization in the vicinity of the Surluga Deposit and believe they are on track to delineating new resources in the Minto Mine South zone.
We look forward to drilling budgeted for later in the year to test targets proximal to the Parkhill Mine, historically the highest grading gold
mine within the Wawa Gold Corridor. Red Pine currently trades at a steep discount to peers (C$28/oz vs. peers at C$59/oz), which does not appear
to reflect the current deposit or its significant growth potential.
Site visit and note completed by Ed Thorose Red Cloud KS’ resident geologist.
Ed Thorose | VP Corporate Development
Victoria Ellis Hayes | Associate
Red Cloud Klondike Strike Inc.
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Company Specific Disclosure Details
Red Pine Exploration Inc. - TSXV:RPX - 1, 2, 3, 4,7
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