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Last C$0.06 CAD
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As of 12:38 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

red pine exploration inc (RPX) Snapshot

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red pine exploration inc (RPX) Details

Red Pine Exploration Inc., a junior exploration company, is engaged in the acquisition, exploration, and development of gold and base metals in Canada. It primarily holds interest in the Cayenne-Chili property covering an area of approximately 4,096 hectares of 21 contiguous claims and 4 patented claims. The company was formerly known as Vencan Gold Corporation and changed its name to Red Pine Exploration Inc. in March 2009. Red Pine Exploration Inc. was founded in 1936 and is headquartered in Toronto, Canada.

Founded in 1936

red pine exploration inc (RPX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$70.8K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$25.2K
Compensation as of Fiscal Year 2014.

red pine exploration inc (RPX) Key Developments

Red Pine Exploration Inc. Announces Management Changes

Red Pine Exploration Inc.'s Board of Directors announced that Richard Schler has tendered his resignation as Chief Executive Officer and member of the Board of Directors, effective July 28, 2015. Mr. Quentin Yarie, Red Pine's President and COO has been appointed as the company's new President and CEO. Mr. Yarie, P.Geo., became President and Chief Operating Officer (COO) in November 2012. Previously, he served as Red Pine's Vice President of Exploration from 2009 to 2012. Mr. Yarie is currently responsible for overseeing all aspects of the company's exploration programs and has been leading Red Pine's Wawa Gold Project.

Red Pine Exploration Inc. Provides Update on its Wawa Gold Project

Red Pine Exploration Inc. confirmed that it has filed the National Instrument 43-101 technical report in support of the Inferred Resource on the Wawa Gold Project, announced on June 11, 2015. Highlights include: improved Inferred Resource at the Surluga Deposit with a 14.7% increase in gold grade and 1.5% increase in gold contained in less tones of ore: 1,088,000 ounces at 1.71 grams per tone (g/t) gold contained in 19.824 million tones (using an average 0.5 g/t gold cut off grade); Pit-constrained inferred resources of 676,000 ounces at 2.05 g/t gold and outside pit-constrained inferred resources of 298,000 at 1.07 g/t gold for all gold zones located between surface and 300 meters vertical depth (using a 0.4 g/t gold cut-off grade); high-grade underground constrained Inferred Resource: 114,000 ounces gold at 3.73 g/t gold (using a 2.5 g/t gold cut-off grade); 89.5% of the resource is located between surface and 300 m vertical depth; the Surluga Deposit contains discrete zones of higher-grade gold mineralization that have a strong control on the spatial distribution of the gold. The updated technical report and revised resource estimate highlight many key features of the Surluga Deposit: better grade of the overall resources with an increase in size of the inferred resource; the sensitivity analysis, which provides a direct comparison with the historical resource at a 0.5 g/t cut-off, shows a 17% increase for the total gold content and a 10.7% increase in the grade for the gold zones of the Surluga Deposit; better definition of the high-grade zones of the deposit that remain open at depth will most likely have a positive influence on the economics of the deposit; and potential to significantly improve grade and economics of the Surluga Deposit through additional verification and subsequent inclusion of the many gold zones located in the hanging wall and footwall that have been excluded in the current resource statement.

Red Pine Exploration Inc. Provides Wawa Gold Project Update

Red Pine Exploration Inc. provided an update in its exploration work on the Wawa Gold Project (which includes the Surluga Gold Deposit). During the Winter/Spring 2015 programs, Red Pine completed more than 5,594 metres of drilling on the Surluga deposit. In addition to providing infill drilling results for an updated 43-101 technical report, the programs identified that gold at Surluga is principally distributed in a series of high-grade, 5 to 30 metre-thick ore shoots surrounded by halos of lower grade gold mineralisation. Additional zones of gold mineralization have been identified in the hanging wall and footwall of the Surluga deposit. The Hornblende shear zone located 300 metres west of the Surluga shear, has the potential to host gold ore shoots of similar size as the shoots identified at Surluga. Both the Hornblende shear zone and the Minto shear/vein system, located 300-400 metres east of the Surluga deposit have the potential to increase the Surluga deposit gold resource. Hanging wall mineralization outside the Surluga deposit include: 2 metres at 13.65 grams per tonne gold (Minto B shear zone - SD-15-07), 12.16 metres at 3.39 grams per tonne gold.


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