The junior sees possibilities for open pit and underground mine development
Red Pine Exploration significantly improved its mineral resources compared to estimates from five years ago for the Wawa gold project in Ontario, Canada. The Canadian junior released an updated mineral resource estimate, including open pit and underground mineral resources, with an indicated mineral resource of 14.7Mt grading 1.8gpt containing 842,000oz of gold and an inferred mineral resource of 16.2Mt grading 1.6gpt containing 843,000oz of gold.
"The updated MRE not only shows a material increase in the size of the deposit, but it also significantly increases our confidence in the data and the quality of the deposit and reinforces our vision for a potential high-quality open pit and sizeable higher-grade underground mine," Michaud added.The company said the continuous gold mineralisation starting from the surface and extending up to 1,200m down dip provides potential open pit and underground mine development options.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Sustainable Alpine Spa Boasts Royal History, Mountain Pine Body Scrubs & “Wyda” ClassesWelcome to Vogue’s first-ever spa guide – a compendium of the 100 best spas worldwide, pulling from the expertise of our global editors. Next stop, Forestis Dolomites.
Read more »
The Manicure Selena Gomez, Cardi B, and Jenna Ortega Have in Common Right Now—See the PhotosSelena Gomez, Cardi B, and Jenna Ortega are all currently rocking classic red manicures. Each set is long and in varying shades of cherry red, blood red, and classic, true red.
Read more »
Red Sea Ship Detours Boost Fuel Consumption by 500,000 BpdRussia's fuel oil exports increased in July, driven by strong demand from China and Saudi Arabia, with ship-to-ship transfers playing a key role in rerouting shipments towards Asia.
Read more »
Salford Red Devils 22-16 Leeds Rhinos: Salford boost top-six hopesSalford edge past Leeds to bolster their play-off ambitions and dent the Rhinos' hopes of making the top six.
Read more »
Salford Red Devils 22-16 Leeds Rhinos: Salford boost top-six hopesSalford edge past Leeds to bolster their play-off ambitions and dent the Rhinos' hopes of making the top six.
Read more »
Red tape blocking thousands of foreign dentists working in the UK despite huge NHS demandRed tape is stopping thousands of experienced overseas dentists from treating patients in the UK, LBC can reveal.
Read more »