202620 releases
RPX GOLD ANNOUNCES POSITIVE METALLURGICAL TEST RESULTS
Preliminary metallurgical results from 26 of 71 samples at the Wawa Gold Project in Ontario showed cyanidation gold extraction averaging 93.4% at an average calculated head grade of 4.42 g/t Au for samples in potential initial open-pit zones, versus the 88.0% recovery assumed in the 2026 PEA, and 88.3% at 8.24 g/t Au for underground development zones. Testing by SGS Canada at Lakefield supports a prefeasibility study targeted for mid-2027, alongside a fully funded 20,000 metre drill program with two rigs active.
Study resultsRPX GOLD ACCELERATES DRILLING AT THE WAWA GOLD PROJECT - 20,000 Metre Drill Program Ongoing to Support PFS to be Completed in H1 2027
A 20,000 metre drill program is ongoing at the Wawa Gold Project, intended to support a prefeasibility study scheduled for completion in H1 2027. The July 14, 2026 release text is available only as a downloadable document, with no further details provided.
Drill resultsRPX GOLD ACCELERATES DRILLING AT THE WAWA GOLD PROJECT - 20,000 Metre Drill Program Ongoing to Support PFS to be Completed in H1 2027
A second diamond drill has been mobilized at the Wawa Gold Project in Ontario to speed completion of a 20,000 m diamond drilling program, of which about 5,000 m had been completed as of July 12, 2026, since starting in April 2026. The program includes 15,000 m to 17,000 m of resource conversion drilling and 3,000 m to 5,000 m of grassroots exploration, supporting an updated mineral resource estimate and a prefeasibility study targeted for H1 2027. RPX also signed a six-month investor relations agreement with Target IR at CAD 8,000 per month, effective July 15, 2026, subject to TSX Venture Exchange approval.
Drill resultsMETALS 100 - Advancing Gold Production into Ontario's Wawa Disctrict
About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Accessibility © 2026 Google LLC
NewsRPX GOLD’S DRILLING EXTENDS NEAR SURFACE GOLD MINERALIZATION AND ALONG STRIKE -ASSAY RESULTS OF UP TO 30.12 g/t GOLD OVER 3.39 METRES
Assay results from the 2025-2026 drilling program at the Wawa Gold Project in Ontario include 8.77 g/t gold over 13.33 m, including 30.12 g/t Au over 3.39 m, in SD-26-626; 13.82 g/t Au over 4.94 m, including 55.20 g/t Au over 1.04 m, in SD-26-639; and 3.33 g/t Au over 16.78 m in SD-26-627. Results will be included in an updated mineral resource estimate planned for later this year and a prefeasibility study targeted for H1 2027. RPX also engaged ICP Securities Inc. for automated market making at C$7,500 monthly, starting June 1, 2026.
Drill resultsRPX GOLD PROVIDES CORPORATE UPDATE AND NEXT STEPS TO ADVANCE THE WAWA GOLD PROJECT TOWARDS A PRE-FEASIBILITY STUDY
A pre-feasibility study on the Wawa Gold Project in northwestern Ontario is targeted for H1 2027, following the February 18, 2026 PEA showing an after-tax NPV5% of C$523 million, IRR of 99.7%, initial capital of ~C$51 million and payback under one year at US$3,500/oz gold. An over-subscribed financing closed May 13, 2026 for gross proceeds of $14.1 million will fund baseline studies and drilling. Approximately 10,000 metres of near-surface exploration drilling was completed, with results pending. The company was renamed RPX Gold Inc.
Study resultsRPX GOLD CLOSES C$14.15M “BEST EFFORTS” LIFE OFFERING AND PRIVATE PLACEMENT
A brokered best-efforts private placement closed for aggregate gross proceeds of C$14,144,999.84, comprising 11,051,450 non-flow-through units at C$0.17, 29,591,576 flow-through units at C$0.238, 9,805,000 flow-through units at C$0.204, 18,360,225 common shares at C$0.17 and 500,000 flow-through shares at C$0.204, with half-warrants exercisable at C$0.27 until May 13, 2028. Flow-through proceeds will fund Ontario exploration expenditures before December 31, 2027, with non-flow-through proceeds for working capital; Haywood Securities led the syndicate and received a 6.0% commission.
FinancingRPX GOLD ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED “BEST EFFORTS” LIFE OFFERING AND PRIVATE PLACEMENT TO C$12,300,000
A previously announced best efforts private placement has been upsized to maximum gross proceeds of C$12,300,000, with Haywood Securities as lead agent and sole bookrunner alongside Research Capital and Paradigm Capital. Securities comprise common shares and units at C$0.170, Tranche 1 flow-through at C$0.238 and Tranche 2 flow-through at C$0.204, with half-warrants exercisable at C$0.27 for 24 months; an agents' option covers an additional C$1,845,000. Closing under the LIFE exemption requires minimum C$4,000,000 from non-flow-through sales, with closing expected on or about May 13, 2026.
FinancingRPX Public Offering Document April 16 2026
RPX Public Offering Document April 16 2026 April 17, 2026 RPX – Offering Document – April 16 2026 Download Facebook Twitter LinkedIn Pinterest Prev Previous Red Pine to Acquire Remaining Interest in Wawa Gold Project, Announces Financing…
FinancingRPX Public Offering Document April 17 2026
RPX Public Offering Document April 17 2026 April 16, 2026 RPX – A&R Offering Document – April 17 2026 FINAL Download Facebook Twitter LinkedIn Pinterest Prev Previous Red Pine to Acquire Remaining Interest in Wawa Gold Project, Announces…
FinancingRPX GOLD ANNOUNCES C$11 MILLION “BEST EFFORTS” LIFE OFFERING AND PRIVATE PLACEMENT
A best efforts private placement for maximum gross proceeds of C$11,000,000 has been arranged with Haywood Securities as lead agent and sole bookrunner, comprising non-flow-through shares and units at C$0.170, Tranche 1 flow-through securities at C$0.238 and Tranche 2 flow-through securities at C$0.204, with half-warrants exercisable at C$0.27 for 24 months. Closing under the listed issuer financing exemption requires minimum gross proceeds of C$4,000,000 from non-flow-through securities; agents hold a 15% option for C$1,650,000. Closing is expected on or about May 13, 2026.
FinancingRPX Gold Files NI 43-101 Technical Report for Robust Wawa Gold Project PEA Highlighting C$523 M NPV "After-Tax" and <1 Year Payback
An NI 43-101 technical report supporting the Preliminary Economic Assessment for the 100%-owned Wawa Gold Project in Ontario's Michipicoten Greenstone Belt has been filed on SEDAR+, prepared by DRA Americas Inc. with an effective date of February 18, 2026. The PEA shows an after-tax NPV5% of C$523 million and IRR of 99.7% at US$3,500/oz gold, rising to C$935M and 181% at US$4,500/oz, with initial capital of about C$51 million and payback under one year.
Study resultsRPX Gold Delivers Robust PEA And Updated Mineral Resource Estimate
AI stock research, company news, and investor events Research public companies with AI-powered stock analysis, company news, filings, financials, forecasts, investor events, and market updates on 6ix. Please enable JavaScript to use all…
Resource updateWawa Gold PEA Investor Call
Study resultsRPX Gold Inc. Delivers Robust Preliminary Economic Assessment and Updated Mineral Resource Estimate for Wawa Gold Project
A preliminary economic assessment for the 100%-owned Wawa Gold Project in northwestern Ontario, prepared by DRA Americas, shows an after-tax NPV5% of C$523 million and 99.7% IRR at US$3,500/oz gold, rising to C$935 million and 181% at US$4,500/oz, with initial capital of about C$51 million, sustaining capital of C$235 million, a 0.9-year payback, a 9-year mine life at 2,000 t/d and LOM AISC of US$2,149/oz. The plan phases open-pit mining in Years 1-3 into underground long-hole stoping from Year 3, using off-site toll milling, for which no agreements exist.
Resource updateRed Pine Announces Announces Effective Date of Name Change to RPX Gold Inc.
Red Pine Exploration Inc. will change its name to RPX Gold Inc. effective February 12, 2026, when it is expected to begin trading at the open on the TSX Venture Exchange under the new name, with the ticker symbol RPX unchanged. The new ISIN will be CA74984K1003 and the new CUSIP 74984K100; there is no share consolidation and shareholders need not exchange certificates. The company will separately proceed with an articles amendment deleting the Preference Shares class, approved by shareholders on January 21, 2026.
CorporateRed Pine Announces Results of its Annual General Meeting
Shareholders at the January 21, 2026 annual and special meeting re-elected directors Drew Anwyll, Rachel Goldman, Paul Martin, Michael Michaud, Alice Murphy and Gary O'Connor, reappointed MNP LLP as auditors, approved a name change to RPX Gold Inc., and approved an article amendment deleting the Preference Shares class. The Board resolved to proceed with the name change, with the ticker symbol unchanged. The Board also granted 2,915,000 stock options at $0.21, expiring January 21, 2031.
CorporateRed Pine Provides 2025 Highlights and Outlook for 2026 that Sets Path to becoming a producer with Long-Term Growth Opportunities
A 2025 review and 2026 plan for the Wawa Gold Project in northwestern Ontario reports roughly 15,000 m of step-out drilling, including 5.68 g/t Au over 10.72 m at the Jubilee Shear, over 10,000 m of definition drilling on conceptual near-surface open pits with intercepts such as 10.05 g/t Au over 8.59 m, and a fully subscribed $8.5 million private placement. For 2026, Red Pine plans a PEA and NI 43-101 technical report in early 2026, baseline environmental studies, a PFS on open-pit scenarios, and toll-milling arrangements ahead of a production decision.
NewsRed Pine Exploration Interview on Resource Talks with CEO Mike Michaud
An interview with CEO Mike Michaud on Resource Talks, recorded December 17, 2025, covers the Wawa Gold Project.
News
202519 releases
Near Surface Drilling Continues to Expand and Confirm Gold Mineralization
Assay results from 18 drill holes totalling 2,233 metres at the Wawa Gold Project, Ontario, include 10.05 g/t gold over 8.59 m, including 51.55 g/t over 1.56 m and 82.80 g/t over 0.92 m, in hole SD-25-616, and 4.63 g/t gold over 13.25 m plus 35.10 g/t over 0.94 m in SD-25-593 along the Jubilee Shear. DRA Global Limited has been selected to complete the Preliminary Economic Assessment, targeted for the first half of 2026.
NewsRed Pine Uncovers High-Grade Gold in Cooper Area, Highlighting Significant Exploration Potential; PEA Remains on Schedule for H1 2026
Drilling in the Cooper area of the Wawa Gold Project, Ontario, returned 82.50 g/t gold over 0.74 m from 288.97 to 289.71 m in a quartz-tourmaline vein hosted in the Y106 shear in hole SD-25-556, along with 2.99 g/t over 1.15 m in the Ganley zone and 4.41 g/t over 0.51 m in the Y106 zone in SD-25-562. The results come from two holes totalling 1,487 m completed in July 2025. The Y106 shear has been traced over more than 500 m along strike and 320 m down-dip, and the Jubilee Shear is confirmed 525 m north of the mineral resource. A Preliminary Economic Assessment is targeted for completion in H1 2026.
Drill resultsRed Pine Initiates Near-Surface Definition Drilling as Preliminary Economic Assessment Progresses at Wawa Gold Project
A 9,000 metre drilling program has begun at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt to better define near-surface gold mineralization and collect samples for environmental, metallurgical and geotechnical analysis as part of an ongoing Preliminary Economic Assessment. The drilling will test the crown pillar of the former Jubilee and Surluga Mines, infill historical drilling areas for grade validation, and the margins of high-grade zones found in 2025. The PEA is targeted for completion in the first half of 2026.
Study resultsRed Pine Commences Surface Trenching and Sampling Program in Potential Open Pit Areas at Wawa Gold Project
A surface trenching, geological mapping and channel sampling program has started in the North Pit area of the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt, targeting the surface projection of high-grade mineralization over approximately 60 metres along the Jubilee Shear, with smaller satellite trenches planned. Prior drilling there returned 45.38 g/t Au over 3.13 m, including 141.00 g/t Au over 0.88 m, in hole SD-25-559. Baseline studies include 8 monitoring wells; an updated resource estimate and PEA are targeted for H1 2026.
Drill resultsDrilling Intersects 7.76 g/t Gold Over 15.49 m in Potential Open Pit Area & Commences Updated Independent Resource Estimate
Near-surface drilling at the Wawa Gold Project in Ontario returned 7.76 g/t gold over 15.49 m core length, including 84.20 g/t Au over 1.00 m, in hole SD-25-573, along with 3.43 g/t Au over 9.63 m in SD-25-574, 5.37 g/t Au over 8.85 m in SD-25-587 and 3.75 g/t Au over 7.63 m in SD-25-589. The 69-hole, 24,531.19 m program is complete, and WSP Canada is preparing an updated mineral resource estimate for a PEA targeted for the first half of 2026.
Drill resultsDrilling Intersects 9.03 g/t gold over 14.00 m core length, further supporting Open Pit Potential
Near-surface drilling at the Wawa Gold Project in Ontario returned 9.03 g/t gold over 14.00 m core length, including 54.40 g/t Au over 2.00 m, in hole SD-25-581, plus 2.66 g/t Au over 10.13 m in SD-25-570 and 2.47 g/t Au over 7.50 m in SD-25-576. The drill program that began in November 2024 is complete, totalling 69 holes for 24,575 m, with 23 holes (4,492 m) reported here and results from 11 holes pending. Red Pine is updating its mineral resource estimate ahead of a PEA in early 2026.
Drill resultsRed Pine Completes 2024-2025 Drill Program and Initiates Preliminary Economic Assessment Work at the Wawa Gold Project
The 2024-25 drilling program at the Wawa Gold Project in Ontario has been completed, comprising 69 drill holes totaling 24,574.5 metres between November 2024 and the end of June 2025, with some assays pending. About 9,000 m targeted infill drilling on two near-surface areas of the Jubilee Shear, with results including 45.38 g/t Au over 3.13 m and 5.68 g/t Au over 10.72 m. Preliminary Economic Assessment work has begun, with completion expected in early H1 2026, funded by the July 9, 2025 financing.
Drill resultsRed Pine Announces Closing of Upsized $8.5 Million Brokered Offering
An upsized brokered offering closed for aggregate gross proceeds of $8,500,000, comprising 55,000,000 non-flow-through units at $0.10 ($5,500,000), 12,500,000 flow-through units at $0.12 ($1,500,000) and 10,714,284 charity flow-through units at $0.14 (approximately $1,500,000), each unit including a half warrant exercisable at $0.15 for 36 months. Research Capital Corporation acted as sole bookrunner and co-lead agent with Haywood Securities Inc., receiving a $501,300 cash commission and 4,605,857 broker warrants. Proceeds are for working capital, general corporate purposes and exploration and open pit evaluation at the Wawa Gold Project in Ontario.
FinancingRed Pine Announces Upsize of Brokered Offering to $8.5 Million
The previously announced brokered, best-efforts LIFE private placement has been upsized to $8,500,000 in aggregate gross proceeds, comprising up to 55,000,000 non-flow-through units at $0.10 (minimum 12,500,000 units for $1,500,000), up to 12,500,000 flow-through units at $0.12, and up to 10,714,285 charity flow-through units at $0.14, each unit including a half warrant exercisable at $0.15 for 36 months. Proceeds fund working capital, open pit evaluation and exploration at the Wawa Gold Project, Ontario. Closing is expected on or about July 3, 2025; agents receive a 6% cash commission and 6% broker warrants at $0.10.
FinancingRed Pine Announces $7 Million Brokered Offering
A brokered best-efforts private placement for gross proceeds of up to $7,000,000 has been agreed with Research Capital Corporation as sole bookrunner and co-lead agent alongside Haywood Securities, comprising a minimum of $1,500,000 and up to $5,500,000 of non-flow-through units at $0.10 and up to $2,500,000 of flow-through units at $0.12, each with a half warrant exercisable at $0.15 for 36 months. Proceeds fund working capital and exploration at the Wawa Gold Project in Ontario, with closing expected on or about June 25, 2025.
FinancingNear Surface Infill-Drilling to Assess Open Pit Production Intersects 45.38 g/t Au over 3.13 m core length, including 141.00 g/t Au over 0.88 m
Drilling at the Wawa Gold Project in Ontario returned 45.38 g/t gold over 3.13 m core length, including 141.00 g/t Au over 0.88 m, in hole SD-25-559, plus 1.86 g/t Au over 19.09 m including 4.28 g/t Au over 4.88 m in SD-25-544 and 3.80 g/t Au over 4.04 m in the Hornblende Shear in SD-25-548. About 90% of the 25,000 m program is complete; starter pit drilling is expected to finish in early July, followed by an updated resource estimate and a PEA targeted for H1 2026.
Drill resultsInitial Drilling to Assess Potential for Open Pit Production Intersects High-Grade Gold in the Jubilee Shear
Near-surface drilling at the Wawa Gold Project in Ontario returned 14.51 g/t gold over 4.81 m, including 90.40 g/t over 0.67 m, in hole SD-25-552 at the edge of the 2024 Mineral Resource Estimate in the Northern Area being assessed for open-pit potential. Deep drilling in the Jubilee Shear returned multiple intersections above 5.00 g/t Au and identified a new gabbro dyke. About 65% of the 25,000 m program is complete, with an updated MRE and preliminary economic assessment targeted for H1 2026.
Drill resultsRed Pine Commences Focused Surface Drilling Program to Assess Potential for Near-Term, Open Pit Production
Approximately 8,500 m of shallow drilling over a 3-month period has begun in two areas of the Jubilee Shear at the Wawa Gold Project, Ontario, to assess a potential near-term open pit operation, with drilling of the Jubilee Shear at depth beyond the 2024 Mineral Resource Estimate continuing. Internal assessments used a gold price of US$2,200/oz. Concepts include contract open pit mining with off-site toll milling in the Michipicoten camp. Red Pine has completed about 65% of its 25,000 m program and targets an updated MRE and a PEA in H1 2026.
Drill resultsRed Pine’s 600-metre Step out Drilling at Wawa Yields Best Intersection of the Year
Step-out drilling at the Jubilee Shear on the Wawa Gold Project in Ontario intersected 5.68 g/t Au over 10.72 m, including 19.05 g/t Au over 2.00 m, 600 m down plunge from previous drilling, indicating the newly discovered high-grade shoot could extend over more than 940 m. Near-surface drilling at the past-producing Parkhill Mine returned 6.49 g/t Au over 1.11 m, more than 300 m from historical workings. Results cover four drill holes totalling 1,487 m of assayed core from the fully funded 25,000 m program.
Drill resultsRed Pine Successfully Expands Gold Mineralization Beyond 2024 Mineral Resource Estimate and Discovers Parallel Shoot at Depth
Drilling at the Wawa Gold Project in Ontario returned 8.41 g/t gold over 1.67 m, including 14.90 g/t Au over 0.92 m, in the Jubilee Shear about 100 m up-plunge of the nearest intersection, interpreted as a new shoot parallel to known shoots at depth. The Minto Mine Shear returned 4.77 g/t Au over 1.00 m roughly 370 m down-dip of the 2024 mineral resource boundary and 2.77 g/t Au over 1.34 m. Results cover three holes totalling 2,793.0 m of a 25,000 m program expected to finish in Q3 2025.
Drill resultsRed Pine Exploration CEO Mike Michaud present at the Metals & Mining Virtual Conference
CEO Mike Michaud presented the company's corporate presentation at the Metals and Mining Virtual Investors Conference on February 13, 2025, and an interview recording of the presentation is available.
CorporateRed Pine Exploration with an Update on the Wawa Gold Project on CEO Clips
A CEO Clips video interview was released featuring Mike Michaud, CEO of Red Pine Exploration, discussing the Wawa Gold Project resource and the company's path for 2025.
NewsRed Pine Drilling Expands Gold System at Wawa Gold Project
Two drills are operating at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt as part of a fully funded 25,000 m program, with three holes completed testing the deep extension of the Jubilee Shear beyond the 2024 MRE; quartz veins with visible gold were intersected about 170 m and 100 m from the nearest intersections. Relogged core returned 5.81 g/t Au over 2.16 m. Drilling 850 m south of the MRE returned 16 intersections above 1.00 g/t Au, including 4.73 g/t Au over 1.45 m. The board granted 2,845,000 options at $0.11 on January 29, 2025.
NewsRed Pine Exploration CEO Mike Michaud joined Steve Darling from Proactive at the Vancouver Resource Investment Conference (VRIC) to provide an update on the company’s Wawa Gold project in Ontario.
A fully funded 25,000-metre drill program is underway at the Wawa Gold (Wawa Creek) project in Ontario, with results expected before the end of January 2025. CEO Mike Michaud said in an interview at the Vancouver Resource Investment Conference that the campaign targets new zones of gold mineralization outside those included in the 2024 Mineral Resource Estimate.
Corporate
202429 releases
Red Pine Prospecting Program Discovers Additional Gold Mineralization Immediately West of the Existing Mineral Resource and Acquires Strategic Mining Claim
Grab samples from the 2024 prospecting program at the Wawa Gold Project, Ontario returned up to 37.70 g/t gold at Wawa Goldfield South, 31.30 g/t gold at Wawa Creek and 9.99 g/t gold at Jubilee West, extending the Hornblende Shear to at least 2.4 km along strike, roughly 350 m west of the conceptual open pit constraining the 2024 Mineral Resource Estimate, which excludes the shear. Red Pine also acquired a 3.8-hectare patented mining and surface rights claim near the Hornblende shear. A fully funded 25,000 m drill program is underway with results expected before end of January 2025.
Drill resultsRed Pine Prospecting Confirms Significant Gold Mineralization at the War Eagle Zone, Wawa Gold Project
Grab samples from 2024 prospecting at the War Eagle area, about 3 km south-southeast of the 2024 Mineral Resource Estimate at the Wawa Gold Project in Ontario, returned up to 17.10 g/t gold and 12.90 g/t gold, outlining a 200 m wide zone with several ENE-oriented mineralized structures. Structural and magnetic data suggest the War Eagle shear system strikes over at least 600 m. Drilling has resumed under a fully funded 25,000 m program.
NewsRed Pine Commences 2024-25 Drilling Program at the Wawa Gold Project
A fully funded 25,000 metre drilling program has begun at the Wawa Gold Project in the Michipicoten Greenstone Belt, Ontario, aimed at extending gold mineralization beyond the 2024 Mineral Resource Estimate. Targets include the down-plunge underground potential of the Jubilee Shear, where prior drilling returned 14.87 g/t gold over 5.20 m, 8.89 g/t gold over 3.75 m and 120.88 g/t gold over 0.30 m (core lengths), plus Jubilee Central, North, Cooper and the faulted extension. Preliminary results are anticipated in Q1 2025.
Drill resultsRed Pine Discovers Significant Gold Mineralization in Faulted Extension of the Jubilee Shear on the Wawa Gold Project
Assay results from 13 additional drill holes totalling 2,725 metres of assayed core from the completed 2022-2024 program at the Wawa Gold Project, Ontario, include gold mineralization in the faulted extension of the Jubilee Shear south of the Parkhill Fault, where hole JS-22-392 returned 5.53 g/t gold over 1.20 m, 0.97 g/t over 11.83 m and 2.75 g/t over 5.78 m. Other holes returned 22.40 g/t gold over 1.44 m (SD-24-517, Minto B Shear), 10.30 g/t over 1.35 m (SD-24-518) and 1.79 g/t over 13.23 m (SD-24-512). A surface drill program is expected to commence in early November.
Drill resultsRed Pine discovers additional high-grade veins on surface north of the Jubilee Deposit, Wawa Gold Project
Initial results from 105 prospecting grab samples in the Cooper Area, north of the Jubilee Deposit at the Wawa Gold Project in Ontario, identified a network of NW to NNW-oriented extensional and shear-hosted quartz veins, with grades up to 75.90 g/t gold in the Cooper Shear, 47.80 g/t in the Cooper 11 Shear, 21.20 g/t at the Wawa Goldfield South Zone 1.75 km north of the Cooper Mine, 16.80 g/t in a bismuth-rich shear and 7.65 g/t at Mackey Point. The area will be tested in a fully financed 25,000 metre drill program. The Company also granted 1,250,000 stock options at $0.15.
Drill resultsRed Pine Closes C$11,000,358 “Bought Deal” Private Placement
A "bought deal" private placement closed for gross proceeds of C$11,000,358, including full exercise of the Underwriters' Option, comprising 33,336,000 common shares at C$0.090, 28,572,000 tranche 1 flow-through shares at C$0.105 and 39,683,000 tranche 2 flow-through shares at C$0.126. Flow-through proceeds will fund Canadian exploration expenses in Ontario, with non-flow-through proceeds for working capital and exploration at the Wawa Gold Project. Alamos Gold bought 13,763,530 shares for C$1,238,717.70, maintaining roughly 13.55% ownership.
FinancingRed Pine Exploration CEO Mike Michaud on Resource Growth & Future Plans | CEO.ca Interview
An interview with CEO Mike Michaud was released, covering an increase in the company's gold resource, the strategic focus on the Jubilee gold deposit, and upcoming drilling plans in Northwestern Ontario. The discussion also addresses the partnership with Alamos Gold and the upsized financing supporting future exploration and expansion.
NewsRED PINE ANNOUNCES C$7.0 MILLION “BOUGHT DEAL” PRIVATE PLACEMENT OF COMMON SHARES, TRANCHE 1 FLOW-THROUGH SHARES
A C$7,000,000 bought deal private placement has been agreed with Haywood Securities and Research Capital, comprising 22,223,000 non-flow-through common shares at C$0.090, tranche 1 flow-through shares at C$0.105 and tranche 2 flow-through shares at C$0.126, with a 15% underwriters' option. Flow-through proceeds will fund Canadian exploration expenses on the company's Ontario projects, with non-flow-through proceeds for working capital and exploration at the Wawa Gold Project in Ontario. Closing is expected on or about October 1, 2024; underwriters receive a 6.0% cash commission and compensation options equal to 6.0% of shares sold.
FinancingRED PINE ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED “BOUGHT DEAL” PRIVATE PLACEMENT TO C$9,565,529
A previously announced bought deal private placement has been upsized to aggregate gross proceeds of at least C$9,565,529, comprising 22,223,000 non-flow-through common shares at C$0.090 plus any combination of tranche 1 flow-through shares at C$0.105 and tranche 2 flow-through shares at C$0.126, with Haywood Securities and Research Capital as co-lead underwriters. Underwriters hold an option for an additional 15%, and commission is 6.0% cash plus 6.0% compensation options. Flow-through proceeds will fund Canadian exploration expenses in Ontario, renounced effective December 31, 2024, with non-flow-through proceeds for working capital and Wawa Gold Project exploration.
FinancingRed Pine Exploration Webinar: Consolidated Mineral Resource Update (September 2024)
A replay of Red Pine Exploration's September 4, 2024 webinar is available, in which the team discussed updates on the company's consolidated mineral resource. The video can be viewed without registration.
Resource updateRed Pine Announces Significantly Increased Mineral Resource for the Wawa Gold Project
An updated mineral resource estimate by WSP Canada for the 100%-owned Wawa Gold Project in Ontario reports Indicated Mineral Resources of 14.7 M tonnes at 1.8 g/t Au containing 842,000 ounces of gold and Inferred Mineral Resources of 16.2 M tonnes at 1.6 g/t Au containing 843,000 ounces, combining open pit and underground. Open pit resources are constrained above a 0.40 g/t Au cut-off; underground cut-offs are 2.0 g/t Au at Jubilee and 2.4 g/t Au at Minto, using a gold price of CDN$2,632 (US$1,950) per ounce. The effective date is August 28, 2024, and a conference call is scheduled for September 4, 2024 at 10:00 a.m. E.T.
Resource updateRed Pine Confirms Independent Sampling and Assaying Validating Corrected Assay Database for Updated Resource Estimation
Independent verification sampling and assaying of drill core at the Wawa Gold Project, Ontario, carried out by WSP Canada Inc. between May 21 and May 23, 2024, returned assay results averaging within 13% of the original values, in agreement with Red Pine's corrected assay database. The program covered 50 samples from 21 Red Pine drill holes drilled 2014 to 2024, plus 15 composite samples from 12 historical drill holes. The updated resource estimate remains scheduled for completion in August.
Drill resultsRed Pine Intercepts 2.39 g/t Gold over 39.07 m including 7.99 g/t Gold over 6.99 m at the Wawa Gold Project
Drilling at the Wawa Gold Project in Ontario returned 2.39 g/t gold over 39.07 m, including 7.99 g/t gold over 6.99 m, in hole SD-24-497 in the Jubilee Shear, with results from 5 drill holes totalling 1,211 m. Since 2022 the company has completed about 67,000 m of diamond drilling, of which roughly 60,300 m will feed an updated 43-101 mineral resource estimate with a June 21, 2024 database cut-off, expected in August. Today's results are not included in that update.
Drill resultsRed Pine Intercepts Significant Mineralization at the Wawa Gold Project, including 3.10 g/t gold over 16.61 m including 40.20 g/t gold over 1.00 m
Assay results from 8 drill holes totalling 1,881.40 m at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt returned 3.10 g/t gold over 16.61 m, including 40.20 g/t gold over 1.00 m in SD-24-520; 65.60 g/t gold over 1.12 m and 4.00 g/t gold over 2.20 m in SD-24-521; 2.43 g/t gold over 18.19 m in SD-24-506; and 2.02 g/t gold over 8.39 m in SD-24-508. These are the final assays for the upcoming mineral resource update, with a database cut-off of June 21, 2024. A further 5,000 m from 22 holes remains pending.
Drill resultsRed Pine Announces Completion of Verification of Gold Assay Results Database to Support Updated Mineral Resource Estimate
Independent verification by WSP Global Inc. of all gold assay certificates received from 2014 to the present for the Wawa Gold Project in Ontario has been completed, reconciling the Company's drill hole database with one built independently by WSP. The verified data will serve as the baseline for an updated mineral resource estimate and NI 43-101 Technical Report, which will incorporate an additional 60,000 metres of drill core from 177 drill holes representing 47,600 assay samples taken since the current estimate (effective May 31, 2019).
Drill resultsRed Pine Intercepts Significant Mineralization at the Wawa Gold Project, including 5.58 g/t gold over 18.44 m including 72.20 g/t gold over 0.88 m
Assay results from 14 drill holes totalling 4,105 m at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt returned 5.58 g/t gold over 18.44 m, including 72.20 g/t over 0.88 m, in hole SD-24-515 within the Jubilee Shear System, plus 2.21 g/t over 13.27 m in SD-24-499A and 1.40 g/t over 14.00 m in SD-24-505. About 60,300 m of the roughly 67,000 m drilled since 2021 has been reported, with an updated NI 43-101 resource expected in Q3 and a mid-June assay database cut-off. Following the discovery of selective manipulation of historical assay data, the company has revised its assay handling and QA/QC protocols and completed rebuilding its drilling assay database.
Drill resultsAssay Appendix – May 15 Update
An assay appendix restates previously reported drill intercepts from the Wawa-area property alongside corrected uncapped and capped gold grades, covering zones including the Jubilee Shear (Surluga South and North, resource gaps and historical drilling verification), Minto Mine Shear, Minto B and C Shears, Sadowski, Surluga North and Core Shack vein networks, Hornblende Shear and IRGS targets, with original disclosure dates from December 18, 2015 to January 30, 2024. Capping thresholds applied are 80.00 g/t gold for the main Jubilee Shear segment, 40.00 g/t for satellite Jubilee segments and 35.00 g/t for the Minto Mine Shear and extensional vein networks, with collar coordinates also listed.
Drill resultsRed Pine Provides Update On Assay Results for Wawa Gold Project
An investigation into assay reporting inconsistencies at the Wawa Gold Project in Ontario identified 382 inconsistencies out of 60,000 assay results for the 2019-2024 period, covering 95 intersections in 69 drill holes. Affected areas include the Surluga South Zone, whose contribution to the next mineral resource update is expected to be reduced, and, to a lesser extent, the Core Shack and Surluga North Vein Networks. Red Pine is proceeding with an updated NI 43-101 technical report including approximately 65,000 to 70,000 metres of additional drilling.
Drill resultsTranscript of RPX Conference Call May 15th
Selective assay manipulation at the Wawa Gold Project in Ontario, alleged to have been conducted by the former CEO, has been reported to the Ontario Securities Commission, with periods of acceleration in 2015/2016 and 2022/2023 and grades increased in all identified cases. The company estimates a 9 to 12% reduction in resource ounces from the June 21, 2023 technical report, with the Surluga South zone at depth most affected, and has begun an expedited NI 43-101 resource update. Drilling has been temporarily shut down to preserve cash. Michael Michaud is incoming President and CEO, with Paul Martin as Chair and Interim CEO.
CorporateAssay Appendix - May 10 Update
A table of corrected assay results restates previously reported uncapped and capped grades for historical drill holes in the Minto and Jubilee zones, with holes originally disclosed between May 5, 2015 and April 23, 2019. Capping is stated as 35 g/t for the Minto resource, 80 g/t for the main Jubilee Shear and 40 g/t for the Lower Jubilee Shear. Collar coordinates, depths, azimuths and dips are provided for each hole.
Drill resultsRed Pine Provides Further Update On Assay Results for Wawa Gold Project
Reporting inconsistencies in Wawa Gold Project assay results are believed to have resulted from unauthorized manipulation of Activation Laboratories results by Red Pine's former CEO, with 532 of approximately 98,000 drill core assay results appearing manipulated since 2014. Company internal estimates for the 2014-2019 period indicate losses of 39,500 to 54,000 ounces from Surluga inferred resources, 8,000 to 12,000 ounces from Minto indicated and 16,000 to 20,000 ounces from Minto inferred. The matter is being reported to the Ontario Securities Commission, with a further update and conference call planned for May 15, 2024.
Drill resultsRed Pine Provides Update On Assay Results for Wawa Gold Project
The reporting inconsistencies disclosed on May 1, 2024 for the Wawa Gold Project in Ontario are unrelated to QA/QC of drill core samples sent to Activation Laboratories Ltd. in Ancaster, Ontario, and the company says it can rely on Actlabs' certified assay results. The inconsistencies were between certain certified Actlabs results and the results reported in press releases, other disclosure documents and the project assay database. WSP Global Inc. has been engaged to independently verify all assay certificates from 2014 to present, providing a baseline to update the mineral resource estimate in the June 21, 2023 NI 43-101 technical report.
Drill resultsRed Pine Withdraws Previously Announced Assay Results for Wawa Gold Project Pending Further Review
All previously announced assay results for the Wawa Gold Project in Ontario have been withdrawn and should not be relied upon, after the discovery of inconsistencies in certain assay results disclosed in press releases and in other documents including the NI 43-101 Technical Report dated June 21, 2023. Red Pine is conducting a detailed review comparing assay results with its disclosure and is retaining a qualified independent firm to supervise the review and assess the impact on Wawa's mineralization.
Drill resultsRed Pine Appoints Alamos Gold’s Nominee, Alice Murphy, to Board of Directors
Alice Murphy, Alamos Gold's nominee under a December 20, 2019 Investor Rights Agreement, was appointed to Red Pine Exploration's board effective April 29, 2024, and named Chair of the Audit Committee. She received 125,000 stock options; Michael Michaud received a one-time on-boarding grant of 900,000 options tied to his appointment as President & CEO announced April 22, 2024, and an employee received 15,000 options. The options have a 5-year term, a $0.20 exercise price and vest 25% annually from April 29, 2024.
ManagementRed Pine Intercepts Significant Mineralization at the Wawa Gold Project, including 5.34 g/t over 13.39 metres including 16.50 g/t gold over 0.97 metre and 13.62 g/t gold over 2.13 metres
Assay results from 7 drill holes totalling 2,538 metres of the 2023-2024 resource expansion program at the Wawa Gold Project in Ontario returned 5.34 g/t gold over 13.39 m, including 16.50 g/t over 0.97 m and 13.62 g/t over 2.13 m in SD-24-490; other intercepts include 2.16 g/t over 31.89 m in SD-24-493, 1.70 g/t over 39.30 m in SD-24-502 and 17.90 g/t over 1.00 m in SD-24-492. Approximately 66,100 m of the targeted 70,000 m program has been drilled, with about 57,000 m reported.
Drill resultsMichael Michaud to join Red Pine as its President & CEO and as a member of its Board of Directors
Michael Michaud has been appointed President & CEO and a director of Red Pine Exploration, with his CEO role expected to commence on or before July 19, 2024. Michaud is a Professional Geologist with over 30 years of experience, most recently serving as SVP, Exploration and Resources at Wesdome Gold Mines since 2017, and previously as Chief Geologist at Iamgold. Quentin Yarie resigned from the Board effective April 19, 2024.
ManagementRed Pine Continues to Intercept Significant Mineralization at the Wawa Gold Project, including 4.53 g/t over 11.53 metres including 15.00 g/t gold over 1.14 metres
Assay results from 14 drill holes totalling 5,390 metres at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt returned 4.53 g/t gold over 11.53 m, including 15.00 g/t over 1.14 m, in SD-24-495; 4.96 g/t over 7.87 m, including 16.50 g/t over 0.97 m, in SD-24-490 (partial); and 2.19 g/t over 17.12 m in SD-23-480. Intercepts fall within and below the Jubilee Shear and its hanging wall. A total of 121 holes for about 54,800 m have been completed of a targeted 65,000 to 70,000 m resource expansion program ahead of an updated resource estimate.
Drill resultsRed Pine Exploration Announces the Results of Its Annual General Meeting, Provides Update & Grants Annual Stock Option Awards
Shareholders at the March 12, 2024 annual general meeting elected Drew Anwyll, Gary O'Connor, Rachel Goldman, Paul Martin and Quentin Yarie as directors and reappointed MNP LLP as auditors; Yarie has agreed to resign his board seat once a new CEO is appointed, and the CEO search is ongoing. Two drills remain active at the Wawa Gold project in Ontario, targeting the open pit, the Jubilee Shear hanging wall and footwall, and gaps in the 2019 resource. The board granted 2,025,000 stock options on March 20, 2024 at $0.19 CAD, expiring March 20, 2029.
CorporateRED PINE ANNOUNCES DEPARTURE OF CHIEF EXECUTIVE OFFICER, APPOINTMENT OF INTERIM CEO AND MAILING OF SHAREHOLDER MEETING MATERIALS
Quentin Yarie has stepped down as President and CEO of Red Pine Exploration, with Board Chair Paul Martin assuming the role of Interim CEO until a permanent replacement is found. Yarie, CEO since July 2015, will remain a director during the transition and will resign his Board seat once a permanent CEO is appointed. Gary O'Connor will stand for election to the Board at the annual shareholder meeting on March 12, 2024, for which proxy materials have been mailed to shareholders of record as of January 31, 2024.
Management
202312 releases
RED PINE CLOSES C$5,235,693 “BOUGHT DEAL” PRIVATE PLACEMENT OF TRANCHE 1 FLOW-THROUH SHARES AND TRANCHE 2 FLOW-THROUGH SHARES
A bought deal private placement closed for gross proceeds of C$5,235,693, including partial exercise of the Underwriters' Option, comprising 19,252,785 tranche 1 flow-through shares at C$0.22 and 3,704,000 charity tranche 2 flow-through shares at C$0.27. Haywood Securities acted as lead underwriter and sole bookrunner, receiving a 6.0% cash commission and compensation options equal to 6.0% of shares sold, exercisable at C$0.22 for 24 months. Proceeds will fund Canadian exploration expenses, renounced to subscribers effective December 31, 2023.
FinancingRED PINE ANNOUNCES C$5.0 MILLION “BOUGHT DEAL” PRIVATE PLACEMENT OF TRANCHE 1 FLOW-THROUH SHARES AND TRANCHE 2 FLOW-THROUGH SHARES
A bought deal private placement for gross proceeds of up to C$5,000,120 has been agreed with Haywood Securities as lead underwriter and sole bookrunner, comprising 18,182,000 tranche 1 flow-through shares at C$0.22 and 3,704,000 tranche 2 flow-through shares at C$0.27. The Underwriters hold an option for up to an additional 15%, and proceeds will fund Canadian exploration expenses on the Company's Ontario projects, renounced effective December 31, 2023. Closing is expected on or about December 7, 2023, with a 6.0% cash commission and compensation options exercisable at C$0.19 for 24 months.
FinancingRED PINE ENTERS INTO ROYALTY AGREEMENT WITH FRANCO-NEVADA FOR CONSIDERATION OF C$6,750,000
A 1.5% net smelter return royalty on the Wawa Gold Project in Ontario has been sold to Franco-Nevada Corporation for immediate cash proceeds of C$6,750,000, with funds directed to exploration at Wawa and working capital. Franco-Nevada received a one-time option to buy an additional 0.5% NSR royalty, exercisable within 30 business days of notice of a board-approved construction decision and completed feasibility study, priced at 1.0x its net present value using a 5% discount rate. The company states over C$10M in cash on hand.
NewsRed Pine Shares Geophysical Interpretation of the Intrusive Related Gold System
A reinterpretation of a transient magnetotelluric survey conducted in May 2017 on the Surluga project, part of the Wawa Gold Project in Ontario, maps the Jubilee Stock as a large intrusive complex hosting an intrusion-related gold system, measuring over 7 km of strike by over 5 km and extending more than 3 km deep. The survey collected 137 stations at 300 metre station and line spacing. The work indicates the Jubilee and Hornblende shears extend to depths greater than 1.5 km and provides direction for the current drill program.
Drill resultsRed Pine Outlines 2023 Drill Campaign Focusing on High Probability Resource Increase Targets
A 2023 exploration program of approximately 20,000 m of diamond drilling is planned at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt, using two drills on site and averaging 3,600 to 4,400 m per month. About 90% of drilling targets pit-constrained exploration targets in and around the Surluga and Minto deposits, with allocations of ±45%, ±35% and ±20% to specified shear zones and vein networks. Red Pine also received a permit to drill 11 additional mining claims west of the Jubilee Shear.
NewsRed Pine Exploration Grants Stock Options
An aggregate 1,723,400 stock options have been granted to directors, officers, employees and consultants, exercisable at $0.20 CAD per common share and expiring on the fifth anniversary of the grant date. The options vest 25% upon grant and 25% on each of the next three grant-date anniversaries to May 15, 2026. As of May 15, 2023, 7,574,615 options were outstanding under the Company's fixed number plan, leaving 475,534 available for grant.
CorporateRED PINE CLOSES $7.745 MILLION PRIVATE PLACEMENT
A "best efforts" private placement closed for gross proceeds of approximately $7.745 million, including full exercise of the Agents' Option, comprising 5,675,000 units at $0.20, 11,538,230 tranche 1 flow-through units at $0.235 and 13,679,000 tranche 2 flow-through units at $0.285. Each security includes one-half warrant exercisable at $0.25 until May 8, 2024. Flow-through proceeds will fund Canadian exploration expenses, with unit proceeds going to exploration at the Wawa Gold Project, working capital and general corporate purposes.
FinancingRED PINE CLOSES $7.745 MILLION PRIVATE PLACEMENT
A "best efforts" private placement closed for gross proceeds of approximately $7.745 million, including full exercise of the Agents' Option, comprising 5,675,000 units at $0.20, 11,538,230 tranche 1 flow-through units at $0.235 and 13,679,000 tranche 2 flow-through units at $0.285, each with one-half warrant exercisable at $0.25 until May 8, 2024. Flow-through proceeds will fund Canadian exploration expenses, with unit proceeds going to exploration at the Wawa Gold Project in Ontario, working capital and general corporate purposes. Agents received a 6% cash commission and 1,853,533 compensation options.
FinancingRED PINE ANNOUNCES PROPOSED NEW INVESTMENT BY MERK INVESTMENTS LLC
Merk Investments LLC has expressed interest in participating in Red Pine Exploration's previously announced private placement, anticipated to leave Merk holding approximately 9.9% of pro forma issued and outstanding shares on a basic basis and 14.2% on a partially diluted basis. Merk held no Red Pine securities prior to the offering. The best efforts agency offering is for up to $6,800,000, plus an agents' option for an additional $945,000, and is expected to close on or about April 25, 2023, subject to TSX Venture Exchange approval.
NewsRed Pine Announces Resignation of Director
Nils Engelstad, Alamos Gold Inc.'s nominee on Red Pine Exploration's board of directors, resigned effective April 4, 2023. Alamos retains the right to nominate one board member provided it continues to beneficially own at least 10% of the Company's issued and outstanding common shares under its Investor Rights Agreement. Red Pine's Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, with a land package over 6,900 hectares.
ManagementRED PINE ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO C$6.8 MILLION
A previously announced best-efforts private placement has been upsized to gross proceeds of up to $6,800,000, consisting of units at $0.20, tranche 1 flow-through units at $0.235 and tranche 2 flow-through units at $0.285, each including one-half warrant exercisable at $0.250 for 12 months. Haywood holds an option for up to an additional $945,000, and agents receive a 6.0% cash commission plus compensation options equal to 6.0% of securities sold. Closing is expected on or about April 25, 2023, with unit proceeds funding exploration at the Wawa Gold Project in Ontario.
Financing<strong>Red Pine Announces Appointment of CFO</strong>
Eric Josipovic, MBA, CPA, CA, has been appointed Chief Financial Officer of Red Pine Exploration, effective immediately. He has 25 years of mining sector experience, beginning at KPMG's audit practice, later holding public reporting, budgeting and forecasting roles at an international base metals miner, and serving as Controller at two producing gold mining companies since 2009. Red Pine's flagship Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario.
Management
20224 releases
Red Pine Closes C$5.5 Million Bought Deal Financing
A bought deal financing closed for aggregate gross proceeds of C$5,518,159.70, comprising 7,693,000 common shares at C$0.26 and 11,726,599 flow-through shares at C$0.30, including partial exercise of the over-allotment option. Proceeds will fund exploration at the Wawa Gold Project in Ontario, with flow-through funds applied to Canadian Exploration Expenses, plus working capital and general corporate purposes. Alamos Gold purchased 3,846,153 Offered Shares and now holds 26,560,536 shares, about 19.4% undiluted; other insiders bought 38,500 shares.
FinancingRed Pine Announces C$5,000,180 Bought Deal Financing
A C$5,000,180 bought deal financing has been agreed with a syndicate led by Haywood Securities, comprising 7,693,000 common shares at C$0.26 and 10,000,000 flow-through shares at C$0.30. Underwriters hold an over-allotment option for up to an additional 15% of gross proceeds, which would raise total proceeds to C$5,750,207. Proceeds will fund exploration at the Wawa Gold Project in Ontario and working capital, with closing scheduled on or about September 29, 2022.
FinancingRed Pine Exploration Publishes First Annual ESG Report and Engages Hybrid Financial
Red Pine Exploration published its inaugural 2021 Environmental, Social and Governance report, covering surface water monitoring in the Parkhill and Darwin-Grace areas, Indigenous consultation and an in-progress Mine Closure Plan at the Wawa Gold Project in Ontario's Michipicoten Greenstone Belt. The company retained Hybrid Financial Ltd. for marketing services for an initial 12-month term starting March 15, 2022 at $15,000 per month, and engaged Haywood Securities Inc. for market-making at $5,000 per month for a minimum of 12 months.
NewsRed Pine Provides 2022 Phase 1 Exploration Program Update
Over 7,680 metres of drilling has been completed in the first two months of 2022 at the Wawa Gold Project in Ontario, approximately 30% of the 25,000 metres planned for January to July 2022. Drilling has targeted resource expansion at Surluga North and South and has begun at the Grace-Darwin target, with visible gold identified in 6 of 12 holes at Surluga North and South and in 3 Darwin-Grace holes. Assays for 1,203 samples from 32 holes are pending, with results expected this month.
News