RCKS talk

Sunday, March 05, 2017 Derek Macpherson

RPX Extends Strike Length to ~5 km

Download Report

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

Download Report

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

Download Report

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


Wednesday, February 08, 2017 Derek Macpherson

RPX Continues to Deliver Exploration Success

Download Report  

Yesterday, Red Pine Exploration Inc. (TSXV:RPX) provided another positive exploration update, including surface sampling results and the second set of results from its ongoing 6km drill program at the Wawa gold project (60% interest). The drill results were highlighted by 2.00 g/t Au over 8.96m, within a wider interval of 25.76m at 0.79 g/t Au (SD-16-43). This hole is 525m to the north of the existing inferred resource (Figure 1). The surface sample results were highlighted by 143 g/t Au, in an underexplored area ~2km south of the existing resource. These exploration results continue to suggest that meaningful resource growth is possible for the Wawa Gold project, which in our view is not reflected in the company’s modestly discounted valuation of C$44/oz versus peers at C$56/oz. We expect continued exploration success, along with the recently completed ownership consolidation of the Wawa gold project should help close the valuation gap to peers.  read more


Sunday, February 05, 2017 Derek Macpherson

Red Pine Completes Merger with Augustine

Download Report  

Red Pine Exploration Inc. (TSXV:RPX) announced that the acquisition of Augustine Ventures Inc. (CNX:WAW) has been completed. By way of the transaction, Augustine became a wholly-owned subsidiary of Red Pine, and Red Pine’s interest in the Wawa gold project increased from 30% to 60%. The project’s remaining 40% interest will continue to be held by Citabar LLP. Each common share of Augustine has been exchanged for 0.76 Red Pine shares and Red Pine issued 100,668,733 shares to former Augustine shareholders. In our view, the completion of this merger is an important catalyst for the company and should help close the valuation gap to peers. At C$45/oz Red Pine currently trades at a modest discount to peers that trade at C$53/oz. As well, we expect the ongoing exploration and resampling programs to benefit the share price. read more


Thursday, January 26, 2017 Derek Macpherson

Augustine Shareholders Approve Merger with RPX

Download Report

Earlier this week, Red Pine Exploration Inc. (TSXV:RPX) and Augustine Ventures Inc. (CNX:WAW) announced that Augustine’s shareholders have approved the proposed business combination with Red Pine. As we discussed in a previous post, the two companies entered into an arrangement agreement on November 14, 2016. Upon completion of the transaction, Augustine will become a wholly-owned subsidiary of Red Pine. The transaction is expected to be completed on or about February 1st, 2017. Once completed, Red Pine plans to rename the company Wawa Gold Inc., and will hold a 60% interest in the Wawa Gold Project. The project’s remaining 40% interest will continue to be held by Citabar Ltd. In our view, the completion of this merger is an important catalyst for the company and should help close the valuation gap to peers. Red Pine currently trades at C$41/oz a discount to peers that trade at C$51/oz. As well, we expect the ongoing exploration and resampling programs to benefit the share price. read more


Tuesday, January 24, 2017 Derek Macpherson

RPX's Drill Results Point to Resource Expansion

Download Report  

Red Pine Exploration Inc. (TSXV:RPX) released results from SD-16-40, the first hole of its 6km drill program that is currently underway at the Wawa gold project in Ontario. The hole intersected six separate gold shear zones, including a newly discovered zone, an extension of the Hornblende Shear Zone and the William Gold Zone. In our view, these results support Wawa’s resource growth potential while it appears that the likely resource growth from the ongoing drill and resampling programs are not fully incorporated into Red Pine’s share price. This likely growth, along with the planned ownership consolidation of the Wawa gold project, should allow Red Pine to close the valuation gap to peers. Red Pine currently trades at C$42/oz vs. peers at C$53/oz.  read more


Thursday, January 19, 2017 Derek Macpherson

RPX's Resampling Program Continues to Bear Fruit

Download Report  

Red Pine Exploration Inc. (TSXV:RPX) released further results from its ongoing core resampling program which returned a weighted average grade of 1.43 g/t Au over 19.6m, representing a 10% increase in average intersection length from the previous sampling of the same drill holes. Although the average grade of today’s samples decreased by 4.7%, the overall metal factor (grade x intersection length) increased supporting our view that the resampling program is likely to grow the existing resource. In addition, assays are pending from the ongoing 6km drill which is focused on expanding the current resource to the North. In our view, the likely resource growth from the ongoing drill and resampling programs are not incorporated into Red Pine’s share price. This likely growth, along with the planned ownership consolidation of the Wawa Gold project should allow Red Pine to close the valuation gap to peers. Red Pine currently trades at C$41/oz versus peers at C$51/oz.  read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.