Near Surface Drilling Continues to Expand and Confirm Gold Mineralization
Red Pine Delivers Consistent High-Grade Drill Results as Wawa Project PEA Remains on Track
On December 16, 2025, Red Pine Exploration released additional near-surface drill results from its Wawa Gold Project. The highlight was hole SD-25-616, which intersected 10.05 g/t gold over 8.59 metres, including a higher-grade section of 82.80 g/t gold over 0.92 metres within the Jubilee Shear Main zone. Other reported intercepts include 4.63 g/t gold over 13.25 metres and 35.1 g/t gold over 0.94 metres. The company states these results expand and confirm gold mineralization in sparsely tested areas, which could potentially reduce future stripping requirements for an open-pit operation.
Concurrently, Red Pine announced the selection of DRA Global Limited as the consultant to complete the Preliminary Economic Assessment (PEA) for the Wawa Gold Project. The company reiterated that the PEA remains on schedule for completion in the first half of 2026.
The news is positive as it adds another set of strong, near-surface drill results, further de-risking the open-pit development strategy. The headline intercept of 10.05 g/t Au over 8.59 m is economically significant and continues a trend of positive news flow.
However, the impact is rated as "Routine" because this release is a continuation of an established and successful drilling program. Since pivoting strategy in May 2025, the company has consistently released high-grade, near-surface results (e.g., 9.03 g/t over 14.00 m on Sep 4; 7.76 g/t over 15.49 m on Sep 30). While excellent, these results are now in line with market expectations for this specific program. They reinforce the existing investment thesis rather than materially changing it.
The formal appointment of DRA Global for the PEA is a procedural milestone. It confirms the project is advancing as planned but is not a value-creating event in itself. The key information remains that the PEA is on track for H1 2026.
Overall, the news provides further confidence in the open-pit potential and project timeline, which should support the stock price, but it is unlikely to be a significant catalyst on its own.
Red Pine Exploration is a Canadian gold exploration company focused on its flagship Wawa Gold Project in Ontario. The project is located in a historic mining camp with excellent infrastructure. It hosts a 2024 NI 43-101 mineral resource of 842,000 oz Indicated and 843,000 oz Inferred.
The company's strategy, initiated in mid-2025, is to fast-track the project towards production by initially developing high-grade, near-surface starter pits and utilizing excess regional toll-milling capacity. This approach aims to minimize initial capital expenditure and generate near-term cash flow to fund the exploration of the larger, deeper gold system. The company is currently advancing studies for a PEA expected in H1 2026.