Alberta to introduce ‘modern’ coal policy, including ban on new open-pit projects
The new policy will not affect those qualified as "advanced coal projects" such as the controversial Grassy Mountain mine.
Red Pine Exploration (TSXV: RPX, OTCQB: RDEXF) has reported new results from its 2022 Phase 1 exploration program at its 100%-owned Wawa Gold project in the Michipicoten Greenstone Belt of Ontario.
Drilling has intersected 17.68 g/t Au over 1.01 metres in the Minto Mine Shear Zone and confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault adding over 2.5 kilometres in strike length of known continuous gold mineralization to the Wawa Gold Corridor.
As part of its on-going drilling in the Surluga South exploration target, Red Pine is testing strategic gaps in the resource of the Minto Mine Deposit. In hole SD-22-373, located within an approximately 25 meters-wide gap in the current resource of the Minto Deposit, the company discovered additional high-grade gold mineralization in the Minto Mine shear zone.
The results from SD-22-373, combined with those of SD-21-298A, indicate that the Minto Mine deposit has the potential to host zones of high-grade gold mineralization, the company said.
“We know that the historic high grade mines; Minto, Parkhill and Darwin Grace; have produced spectacular gold intersections throughout their operational history and it is understandable that we are now intersecting similar high-grade as we work to expand our resources into these areas,” Red Pine CEO Quentin Yarie said in a media release.
“Red Pine is making excellent progress as we expand the footprint of our current resource,” Yarie said.
“As we continue to focus on the expansion of the Surluga and Minto Mine South resources, a third drill has been conducting further regional exploration of the property, particularly south of the Parkhill Fault,” Yarie said.
“We have successfully demonstrated that a large orogenic gold system exists at the Wawa Gold Project now extending over a >6km strike length,” he said.
“Gold mineralization exists across multiple structures south of the Parkhill fault and we will now utilize what we have learned from the Surluga resource to identify zones of material gold grades and thicknesses. As an example, visible gold has been intersected in the Jubilee shear south of the Parkhill fault, proving our teams understanding of this large gold system [with] assays pending.”
