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Thursday, June 15, 2017 Derek Macpherson

RPX Intersects Minto Mine Structure Near Parkhill

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Red Pine Exploration Inc. (TSXV:RPX) reported additional results from its ongoing 20,000m drill program at its Wawa Gold Project property. Results targeted the former Parkhill Mine area, successfully intersecting the Minto Mine Structure 1km south of the Minto Mine (Hole PH-17-71), confirming gold mineralization in the Structure. Further assays are pending, which we expect will continue to highlight the company’s resource growth potential in the Minto Mine Structure and surrounding areas. Red Pine currently trades at a steep discount to peers (C$38/oz vs. peers at C$64/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. read more


Tuesday, June 13, 2017 Derek Macpherson

RPX Hits More VG at the Wawa Gold Project; Results Pending

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Red Pine Exploration Inc. (TSXV:RPX) announced results from two drill holes completed as a part of its ongoing 20,000m drill program at its Wawa Gold Project property. Hole SD-17-73 intersected 19.92 g/t Au over 3m over a wider interval and Hole SD-17-74 intersected 4.75 g/t Au over 3m in the Minto Mine South Zone. 13 boreholes over a 250m x 120m area were drilled in the southern extension of the Minto Mine Structure of which 12 of the boreholes intersected visible gold. Results highlight Red Pine’s growth potential from its larger land package, the company continues to test the area and more drill results are pending. Red Pine currently trades at a steep discount to peers (C$36/oz vs. peers at C$64/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. read more


Thursday, May 04, 2017 Derek Macpherson

RPX Intersects High-Grades; Demonstrates Strike Extent

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Red Pine Exploration Inc. (TSXV:RPX) reported final high-grade drill results from a 6,000m winter drill program (holes DG-17-53 to DG-17-66) extending the Darwin-Grace Mine area, located 3km south of the Surluga deposit, outside historical limits. Hole DG-17-55 and DG-17-56 tested the northern extensions of the former Darwin-Grace Mine successfully intersecting high grades of 23.17 g/t Au over 4.45m and 23.10 g/t Au over 8.14m, respectively. Results confirm our view that the strike length is significantly longer than the current deposit (~1.5km), noting the Wawa Gold Corridor appears to have a strike length of 4.75km (Figure 1). Red Pine currently trades at a steep discount to peers (C$29/oz vs. peers at C$64/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.  read more


Wednesday, May 03, 2017 Derek Macpherson

RPX Intersects More VG; Surluga Expands to the South

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Red Pine Exploration Inc. (TSXV:RPX) completed holes SD-17-73 to SD-17-79, from the new 10,000m drill program, all of which intersected visible gold suggesting positive drill results are on the horizon. The seven holes completed were designed to follow up on promising results which had intersected the Minto Mine structure near the former Parkhill Mine area (Figure 1). These holes continue to support our view that substantial resource expansion is possible, and we expect the pending drill results are likely to be positive based on the visible gold identified in these holes. Red Pine currently trades at a steep discount to peers (C$29/oz vs. peers at C$65/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. read more


Wednesday, April 05, 2017 Derek Macpherson

RPX Continues to Demonstrate Strike Extent

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Red Pine Exploration Inc. (TSXV:RPX) released results from five holes drilled at the Surluga deposit and noted visible gold in a recently completed hole at the past producing Parkhill Mine. While the results from Surluga continue to impress and suggest resource growth, the visible gold identified in quartz veins at the Parkhill mine which is ~1km south the Surluga deposit is the most important news. These results support our view that the Wawa Gold Corridor may have a strike extent of 4.75km. Considering that the current 1.1 million oz Au resources covers a ~1.5km strike length, we believe substantial resource growth is possible. Red Pine currently trades at a discount to peers (C$36/oz vs. peers at C$66/oz), which does not appear to reflect the project’s exploration upside. We believe that as Red Pine continues to demonstrate the potential of the Wawa gold project through its ongoing exploration program, it should help close the valuation gap to peers. read more


Sunday, March 05, 2017 Derek Macpherson

RPX Extends Strike Length to ~5 km

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Red Pine Exploration Inc. (TSXV:RPX) released partial results from three holes drilled ~3 km South of the Surluga deposit during the ongoing 6 km campaign at the Wawa gold project (60% interest) in Ontario. Hole DG-17-56 returned 57.31 g/t Au over 3.14m. This hole, together with DG-17-55 that returned 42.22 g/t Au over 2.44m, was drilled to test the near-surface extension of the northernmost high-grade zone at Darwin-Grace. This zone is largely underexplored and while early days, these initial results suggest the potential for a new deposit at Darwin-Grace. As well, these results suggest that the Wawa Gold project now has strike length of ~5km. Considering that the current 1.1 million oz Au resources covers a ~1.5km strike length, we believe substantial resource growth is possible. Red Pine currently trades at C$40/oz a discount to peers (C$55/oz). We believe that as Red Pine continues to demonstrate the potential of the Wawa gold project through its ongoing exploration program, it should help close the valuation gap to peers.  read more


Tuesday, February 28, 2017 Derek Macpherson

RPX Intersects High Grades North of Surluga

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Red Pine Exploration Inc. (TSXV:RPX) released partial results from five holes drilled during the ongoing 6 km campaign at the Wawa gold project (60% interest) in Ontario. Hole SD-16-45, in which visible gold was identified prior to assaying, returned 44.41 g/t Au over 1.0m within a wider interval of 15.2m that returned 14.66 g/t Au. This hole was drilled in a previously untested area north of the existing resource. This, coupled with the balance of the results, suggests that meaningful resource growth is possible at Wawa. However, this potential does not appear to be fully reflected in the company’s modestly discounted valuation of C$45/oz versus peers at C$54/oz. We expect continued exploration success, along with the recently completed ownership consolidation of the Wawa project should help close the valuation gap to peers. read more


Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

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On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


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