The Jubilee Shear continues to confirm the continuity of the mineralization and remains open down dip and down plunge, interim CEO and chairman Paul Martin said in a statement.
“As part of this drilling, near-surface gold mineralization in the Hanging Wall of the Jubilee Shear has continued to be intersected and is expected to contribute to reducing the stripping ratio under any proposed open pit scenario,” Martin said.
A top drill hole was SD-24-515 in the Jubilee system, which cut 18.4 metres at 5.58 grams gold per tonne, including higher-grade sections of 1.1 metres at 6.18 grams gold and 0.88 metre at 72.2 grams gold.
In the Jubilee Shear system, Red Pine says its exploration program indicates a continuous increase in the size and confidence of gold mineralization above 2 grams per tonne in the main segment, with mineralization open at depth and extending north beyond the existing resource.
Red Pine’s shares gained 11%…
