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Sunday, March 04, 2018 Derek Macpherson

RPX Shifts to a Higher-Grade Underground Focus

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Red Pine Exploration Inc. (TSXV:RPX) is planning to start strategic optimization of the Wawa Gold Project, to focus on higher-grade zones following the discovery of the Minto Mine South Zone (MMSZ) and the re-evaluation of the Surluga deposit. We view this positively, as a higher grade underground scenario is likely to have lower upfront capital and the project can start smaller and grow organically. A similar approach was taken by Harte Gold (TSX:HRT); however, Red Pine is likely to start with a larger initial resource. Although preliminary, the company has estimated between 0.725M oz to 3M oz of contained ounces exists between three exploration targets (Figure 1); Surluga Exploration Target (3Mt to 5Mt @ 4.9 g/t to 6.5 g/t), Hangingwall-Footwall Exploration Target (0.5Mt to 3.5Mt @ 4 g/t to 9.5 g/t) and Minto-Darwin Exploration Target (1.5Mt to 3Mt at 4 g/t to 10 g/t). The Surluga Exploration Target is now also being considered for underground development as opposed to the prior open pit scenario. Plans exist to expand exploration in both the MMSZ and Surluga deposit areas to focus on under-explored targets to update property-wide mineral resource estimates. Red Pine currently trades at a discount to peers (C$23/oz vs. peers at C$49/oz). 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, particularly when you take into account the significant growth potential of this deposit. read more


Tuesday, February 27, 2018 Derek Macpherson

RCKS 6th Annual Pre-PDAC Mining Showcase Presenter Preview

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On Friday, March 2, 2018, Red Cloud Klondike Strike Inc. will be hosting its 6th Annual Pre-PDAC Mining Showcase. The event features presentations from 30 companies, including a breakfast panel focused on new technology in mining and a keynote lunch presentation from Osisko Mining Inc. (TSX:OSK), SolGold Plc. (TSX:SOLG) and Ascot Resources Ltd. (TSXV:AOT). For more details, please visit our events page. In this post, we provide a brief preview on the 30 presenting companies and a list of banner participants that will be in attendance.  read more


Wednesday, February 07, 2018 Derek Macpherson

RPX Continues to Have Drill Success in the MMSZ

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Red Pine Exploration Inc. (TSXV:RPX) reported additional results from ongoing drilling at its Wawa Gold project (Figure 1). Drilling discovered new high-grade veins in the Minto Stockwork, 27.84 g/t gold over 3m (SD-17-131) and intersected high grade mineralization in the extension of the Minto Mine South Zone (MMSZ), 13.15 g/t gold over 3.1m (SD-17-131). Results indicate the continuity of mineralization in the MMSZ, where the company has plans to develop a NI 43-101 resource. Red Pine currently trades at a discount to peers (C$23/oz vs. peers at C$52/oz). 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, particularly when you take into account the significant growth potential of this deposit. read more


Monday, January 22, 2018 Derek Macpherson

RPX Continues Success at Wawa; Plans for Minto Mine South Zone Resource

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Red Pine Exploration Inc. (TSXV:RPX) reported drill results from four holes at its Wawa Gold project. Drilling in the Jubilee shear zone intersected 5.28 g/t Au over 14.55m (SD-17-173), discovering a new high-grade zone, which remains open. The company plans to continue drilling in this area, identifying gaps in historical drilling. In addition, Red Pine plans to develop a NI 43-101 resource on the Minto Mine South Zone, where drilling intersected 6.25 g/t Au over 5m, extending mineralization in the zone. We would note, Citabar LP (40% ownership the Wawa Gold project) reinforced its commitment to advancing the project. Red Pine currently trades at a discount to peers (C$27/oz vs. peers at C$54/oz). 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, particularly when you take into account the significant growth potential of this deposit. read more


Tuesday, January 09, 2018 Derek Macpherson

RPX Hits More High Grade at Minto South

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Red Pine Exploration Inc. (TSXV:RPX) has announced the results from six holes drilled in the Minto Mine South Zone at the Company’s Wawa Gold Project. The holes were drilled last fall and were part of the company’s 20,000m drilling program. The company highlighted drill hole SD-17-126 containing 11.47 g/t gold over 2m and drill hole SD-17-121 containing 5.58 g/t gold over 2m. These holes intersected high grade gold mineralization in the Minto Mine South Zone, which extended the mineralization south towards the Parkhill mine at depth with a current strike length of 375m. The company is expecting to further expand the deposit with continued drilling in 2018 to test additional zones of mineralization. Red Pine currently trades at a discount to peers (C$30/oz vs. peers at C$52/oz). 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, particularly when you take into account the significant growth potential of this deposit.  read more


Wednesday, January 03, 2018 Derek Macpherson

RPX Continues to Have Drilling Success

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Red Pine Exploration Inc. (TSXV:RPX) has reported the results from two drill holes completed during its ongoing 20,000m drilling program at the company’s Wawa Gold property. Red Pine highlighted drilling intersections in the northern extension of the Surluga Deposit, which included 10.3m of 3.46 g/t Au in drill hole SD-17-109 and 17.6m of 1.13 g/t Au in drill hole SD-17-113 (Figure 1). These drill holes intersected the high-grade gold zones and hangingwall zones. The company intends to continue testing extensions of the Surluga Deposit beyond the current resource to the north, south and hangingwall directions in order to further define the areas for inclusion in a forthcoming 43-101 resource estimate. Red Pine currently trades at a steep discount to peers (C$34/oz vs. peers at C$54/oz). 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, particularly when you take into account the significant growth potential of this deposit. read more


Friday, December 01, 2017 Derek Macpherson

RCKS Charts: NVO, GSC, PGE, RPX, BTR & TK

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In this edition of RCKS Charts, Keith has evaluated Novo Resources (TSXV:NVO), Golden Star Resources (TSX:GSC), Group Ten Metals (TSXV:PGE), Red Pine Exploration (TSXV:RPX), Bonterra Resources (TSXV:BTR) and Tinka Resources (TSXV:TK).  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


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