Red Pine Exploration Launches Ambitious Drilling Campaign

Red Pine Exploration Initiates New Drilling Season

TORONTO — Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) announces the commencement of a comprehensive drilling program at the Wawa Gold Project. The program is fully funded and encompasses an ambitious 25,000-meter drilling effort slated for 2024 and 2025.

Objectives Behind the Drilling Program

The primary aim of this substantial drilling initiative is to advance the zones of gold mineralization within the expansive gold system at Wawa. This effort will focus on extending beyond the 2024 Mineral Resource Estimate (MRE), particularly in several key areas:

Targeting High-Potential Zones

Red Pine aims to explore potential underground extensions of the Jubilee Shear, a crucial area where prior drilling has yielded impressive results, including:

• 14.87 grams per tonne (g/t) gold over a core length of 5.20 meters
• 8.89 g/t gold over 3.75 meters
• 120.88 g/t gold over 0.30 meters from the Jubilee South

Other areas of interest include:

• The down dip potential at the Jubilee Central, which remains largely untested beneath the reported pit shell.
• Expansion plans toward the Jubilee/Cooper area, where prior prospecting has shown encouraging results.
• Investigating a recently discovered faulted extension of the Jubilee Shear located along the southern flank of the Parkhill Fault.

Emphasis on Rigorous Quality Control

In order to ensure the integrity of the drilling results, Red Pine has implemented a robust Quality Assurance/Quality Control (QA/QC) program. Diamond drill core samples are securely transported to Activation Laboratories Ltd. in Ancaster, Ontario, where they undergo meticulous preparation and analysis.

All samples are labeled, sealed inside durable bags, and sent in secure batches. Various sizes of core have been taken from both past and current drilling, with assay methods designed to effectively evaluate gold content, particularly instances where coarse gold may be present.

Regular Oversight and Third-Party Testing

To preserve the quality of results, Red Pine incorporates external gold standards and blanks into their sample batches. This ensures a level of transparency and accuracy in the data collected. In addition, approximately 5% of samples will be tested by a third-party company, Bureau Veritas Canada Inc., as part of their quality assurance measures.

Exploring New Opportunities

Red Pine’s strategy also includes exploring several new conceptual and regional targets identified through their recent surface prospecting programs. Michael Michaud, the President and CEO of Red Pine, shared the company’s excitement about resuming the drilling at Wawa.

"We have achieved significant milestones in our exploration initiatives, and we are eager to see where this next chapter leads us," Michaud stated. "Our exploratory efforts this year laid the groundwork for identifying new targets, enhancing our geological models, and increasing our mineral resource estimate significantly within a conceptual pit shell.

Why This Drilling Program is Important

This extensive drilling program is envisioned to be a major milestone towards showcasing the potential for a larger mineral resource. The combination of extending known gold zones and exploring new areas for mineralization will provide valuable insights and align with Red Pine's long-term vision of enhancing its asset base.

The outcomes from this drilling campaign will not only elucidate the possibilities of additional resources but will also guide the company’s future project management and operational decisions aimed at building substantial value.

Frequently Asked Questions

What is the purpose of Red Pine's drilling program?

The drilling program aims to expand gold mineralization zones at the Wawa Gold Project beyond the existing resource estimates.

How much drilling is planned for the 2024-25 season?

A total of 25,000 meters of drilling is planned during this period to explore various targets.

What measures are in place to ensure quality in sampling?

Red Pine has implemented comprehensive QA/QC protocols, including external gold standards and third-party testing to ensure sample integrity.

Who is overseeing the technical aspects of the project?

Jean-Francois Montreuil, P.Geo., Vice President of Exploration, has reviewed and approved all technical details of the drilling initiative.

Where is the Wawa Gold Project located?

The Wawa Gold Project is situated in the Michipicoten Greenstone Belt, Ontario, an area known for its rich mining history and potential.

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