ONTARIO – Red Pine Exploration of Toronto and the Michipicoten First Nation (MFN) have signed a memorandum of understanding that covers Red Pine’s Wawa advanced exploration gold project.
Red Pine’s core logging facility in Wawa, Ont. (Credit: Red Pain Exploration)
Quentin Yarie, president and CEO of Red Pine stated, “The company, and its predecessors, have always maintained a good working relationship with MFN. This MOU formalizes the consultation process regarding the development of the Wawa gold project, and enables MFN to understand the potential impacts of the development of the project on the exercise of aboriginal and treaty rights.”
The Wawa property is located on the MFN territory. The project includes several former mines with a total historic production of 120,000 oz. of gold. The largest deposit is the Surluga that has an inferred resource of 19.8 million tonnes grading 1.71 g/t gold (0.5 g/t cut-off) and containing approximately 1.1 million oz. of gold.
Red Pine continues to drill the Surluga North and the Minto South zones, both high grade occurrences. Please see www.RedPineExp.com.