Red Pine has announced that its Exploration’s Wawa project in northern Ontario, Canada, has seen a significant increase in gold resources, with the latest estimate 15-times higher than the 2019 figure.
The updated report now includes an indicated mineral resource of 14.7 million tonnes (mt) grading 1.8 grams per tonne of gold (g/t Au), and containing 842,000oz.
As Red Pine stated on Wednesday (28 August), this includes open pits and underground reserves. The increase represents a 1,030% rise over the 2019 figures.
In addition, inferred resources now stand at 16.2mt with an average grade of 1.6g/t Au, amounting to 843,000oz of gold, a 500% increase over the previous estimate.
Michael Michaud, president and CEO of Red Pine, said the significant increase “validates the approximately 65,000m of strategic exploration drilling completed over the past several years”.
According to the company, the deposit contains continuous gold mineralisation that starts from the surface and extends up to 1,200m down dip, which provides flexibility for potential future open-pit and underground development options.
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The near-term exploration programme will focus on high-grade mineralisation, specifically targeting the down dip and down plunge extensions of the Jubilee and Minto deposits as part of an underground mining scenario.
Michaud added: “The latest drill results… confirm that gold mineralisation remains open laterally to the north, and both down dip and down plunge.”
Michaud stated that the company plans to include drilling programmes to test new targets and make discoveries that will further demonstrate the mineral wealth of the Wawa Gold Project property.
