Red Pine Drilling Intersects 7.76 g/t Gold Over 15.49 m in Potential Open Pit Area & Commences Updated Independent Resource Estimate
Executive Summary
- Near‑surface drilling at the Wawa Gold Project returned multiple high‑grade intercepts, including 7.76 g/t Au over 15.49 m (84.20 g/t Au over 1 m) in hole SD‑25‑573.
- The program comprised 69 holes (24,531 m total); 14 holes (2,533 m) are highlighted here, supporting an upcoming updated mineral resource estimate and a Preliminary Economic Assessment slated for H1 2026.
- Company confirms funding is secured to complete the PEA and that metallurgical, geotechnical and permitting work is progressing.
Key Details
- Key Intercepts (selected):
- Hole SD‑25‑573 – 7.76 g/t Au over 15.49 m (including 84.20 g/t Au over 1 m).
- Hole SD‑25‑574 – 3.43 g/t Au over 9.63 m (including 9.77 g/t Au over 3 m).
- Hole SD‑25‑587 – 5.37 g/t Au over 8.85 m (including 25.80 g/t Au over 1.03 m).
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Hole SD‑25‑589 – 3.75 g/t Au over 7.63 m (including 8.95 g/t Au over 2.73 m).
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Historical high‑grade intersections from the same zone:
- 4.42 g/t Au over 18.99 m (40.20 g/t Au over 1.02 m) – hole SD‑17‑172.
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65.60 g/t Au over 1.12 m – hole SD‑24‑521.
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Drilling Program Summary:
- Total program: 69 drill holes, 24,531.19 m (Nov 2024 – May 2025).
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This release focuses on 14 holes totaling 2,533.10 m.
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Assay Methodology & QA/QC:
- Fire‑assay with AA finish (50 g) or 1 kg metallic screen fire assay for coarse gold.
- External standards and blanks inserted every 20 samples; quarter‑core duplicates taken routinely.
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Approximately 5 % of pulps/coarse rejects sent to Agat Laboratories for umpire testing.
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Technical Oversight: Qualified Person – Jean‑François Montreuil, P.Geo., VP Exploration, Red Pine (NI 43‑101).
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Forward‑looking Statements:
- Updated independent mineral resource estimate in progress (WSP Canada Inc.).
- Preliminary Economic Assessment targeted for completion in the first half of 2026.
- Next drill phase to further expand near‑surface gold mineralization will commence shortly.
Notable Quotes
“We are excited by these near surface drill results that continue to identify higher grades within the Jubilee Shear Zone… With funding in place to complete the PEA, we are on track … to unlock significant value as we advance toward production.” – Michael Michaud, President & CEO.