Discovery Of Significant Gold Mineralization In Faulted Extension On Wawa Gold Project

TORONTO - Red Pine Exploration Inc. reported on an additional 13 drill holes representing 2,725 metres (m) of assayed core length as part of the completed 2022-2024 drilling program at the Wawa Gold Project, Ontario.

As part of its property-wide surface prospecting program initiated in July 2024, Red Pine revisited various holes drilled between 2022 and 2024. In one of the relogged drill holes designed to test the faulted offset of the Jubilee Shear, significant gold mineralization was discovered. This gold mineralization has geological attributes comparable to the zones of mineralization in the Jubilee Shear which form the current 2024 Mineral Resource Estimate (MRE) described in National Instrument 43-101 Technical Report entitled “National Instrument 43-101 Technical Report for the Wawa Gold Project”.

Drilling has confirmed that shallow, south-plunging gold mineralization of the Jubilee Shear in the north part of the property continues to the south in the faulted extension of the Jubilee Shear. The shear has been shifted approximately 800 m to the southeast along the later stage Parkhill Fault. The discovery of comparable gold mineralization in JS-22-392 to that contained in the northern segment of the Jubilee Shear, with additional drilling, could significantly add to the current mineral resource base.

Significant gold mineralization is also recorded in several of the other remaining holes of the exploration program being released. Results from these holes extended gold mineralization in the Jubilee Shear and other adjacent zones in the hanging wall of the shear.