Crimson Pine Exploration Inc. ( TSXV: RPX, OTCQB: RDEXF ) (” Crimson Pine ” or the ” Firm “) is happy to announce the graduation of a 9,000 metre (“m”) drilling program to higher outline gold mineralization at floor and acquire samples for extra environmental, metallurgy and geotechnical evaluation on the Wawa Gold Mission as a part of the continuing Preliminary Financial Evaluation (” PEA “) and potential future improvement.
Michael Michaud, President and CEO of Crimson Pine commented: “We’re happy with the continuing progress we have now made in the direction of finishing a PEA for the Wawa Gold Mission. Given our confidence in a optimistic consequence, we have now commenced a completely funded drilling program to additional outline the higher-grade, near-surface gold mineralization. This drilling program may even enable us to gather further samples for environmental, metallurgical and geotechnical evaluation to evaluate potential mining and processing alternatives. We anticipate releasing constant information move from the continuing drilling program, in addition to the floor trenching program commenced a number of weeks in the past, and on different venture developments over the approaching months. We stay on monitor to finish the PEA within the first half of 2026.”
Drilling Program in Areas of Open-Pit Potential
Constructing on the drilling outcomes from the 2025 program and from prior campaigns, the Firm has now outlined precedence areas for a possible open-pit alongside the Jubilee Shear that will probably be thought of as a part of the PEA.
Within the precedence areas recognized, the brand new drilling program plans to:
- take a look at the crown pillar of the previous Jubilee and Surluga Mines the place it was not examined in prior drilling applications;
- take a look at infill areas lined by historic drilling solely for grade validation and metallurgical functions, and
- take a look at the margins of a number of of the brand new high-grade mineralization areas found in 2025.
High quality Assurance/High quality Management (“QA/QC”) Measures
Particular person drill core samples are labelled and sawn in half alongside a pre-marked slicing line. A constant half-core pattern is then positioned in a person numbered plastic pattern bag that’s sealed. The remaining half-core samples are saved on the Firm’s core storage facility situated on the Wawa Gold venture. Quarter-core duplicates are taken from sure samples to outline the variability of gold distribution. Teams of samples are then positioned into sturdy rice luggage sealed with safety seals to be transported by business service for evaluation at Activation Laboratories Ltd. (Actlabs), Ancaster, Ontario. NQ core assays are obtained by 50-gram fire-assay with a AA end or by 1-kilogram metallic display screen fireplace assay. The 1-kilogram metallic display screen assay technique is chosen for samples anticipated to comprise coarse gold and when the unique fire-assay returns outcomes higher or equal to 2.25 g/t Au. The residual coarse reject parts of the samples stay in storage for a minimal 90-day interval if additional work or verification is required.
As a part of its QA/QC program, Crimson Pine inserts exterior gold requirements (low- to high-grade) and blanks each 20 samples and routinely inserts blanks instantly after samples with seen gold. Quarter core duplicates are routinely inserted to guage the pure variability of gold mineralization. Assay certificates are despatched to at the least three members of the senior administration group, and they’re straight accessible from the WebLIMS portal of Actlabs. Roughly 5% of the pulps and coarse rejects analyzed at Actlabs are despatched to Agat Laboratories in Thunder Bay for umpire testing.
Certified Particular person
Jean-Francois Montreuil, P.Geo. and Vice President, Exploration of Crimson Pine and the Certified Particular person, as outlined by Nationwide Instrument 43-101, has reviewed and accepted the technical data contained on this information launch.
About Crimson Pine Exploration Inc.
Crimson Pine Exploration Inc. is a gold exploration firm headquartered in Toronto, Ontario, Canada. The Firm’s shares commerce on the TSX Enterprise Trade beneath the image “RPX” and on the OTCQB Markets beneath the image “RDEXF”.
The Wawa Gold Mission is within the Michipicoten Greenstone Belt of Ontario, a area that has seen main funding by a number of producers within the final 5 years. The Firm’s land package deal hosts quite a few historic gold mines and is over 7,000 hectares in dimension. Crimson Pine is constructing a powerful place as a significant mineral exploration and improvement participant within the Michipicoten area.
For extra details about the Firm, go to www.redpineexp.com
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
Cautionary Observe Concerning Ahead-Wanting Data
This information launch comprises statements which represent “forward-looking data” throughout the which means of relevant securities legal guidelines, together with statements relating to the plans, intentions, beliefs and present expectations of the Firm with respect to future enterprise actions and working efficiency.
Ahead-looking data is usually recognized by the phrases “could”, “would”, “might”, “ought to”, “will”, “intend”, “plan”, “anticipate”, “imagine”, “estimate”, “count on” or related expressions. Ahead-looking data contained on this information launch consists of, however will not be restricted to, statements relating to the drilling program higher defining gold mineralization at floor and permitting for the gathering of samples for extra environmental, metallurgical and geotechnical evaluation; the Firm’s confidence in a optimistic consequence; the Firm anticipating releasing constant information move over the approaching months; completion of the PEA within the first half of 2026; and the objectives of the drilling program. Buyers are cautioned that forward-looking data isn’t primarily based on historic information however as a substitute displays administration’s expectations, estimates or projections regarding future outcomes or occasions primarily based on the opinions, assumptions and estimates of administration thought of cheap on the date the statements are made. Such opinions, assumptions and estimates are inherently topic to quite a lot of dangers and uncertainties that would trigger precise occasions or outcomes to vary materially from these projected and undue reliance shouldn’t be positioned on such data, as unknown or unpredictable components might have materials antagonistic results on future outcomes, efficiency or achievements. Among the many key components that would trigger precise outcomes to vary materially from these projected within the forward-looking data are: the Firm’s expectations in reference to the tasks and exploration applications being met, the impression of common enterprise and financial situations, world liquidity and credit score availability on the timing of money flows and the values of property and liabilities primarily based on projected future situations, fluctuating gold costs, forex trade charges (such because the Canadian greenback versus the USA Greenback), variations in ore grade or restoration charges, adjustments in accounting insurance policies, adjustments within the Firm’s mineral reserves and assets, adjustments in venture parameters as plans proceed to be refined, adjustments in venture improvement, building, manufacturing and commissioning time frames, the opportunity of venture price overruns or unanticipated prices and bills, greater costs for gas, energy, labour and different consumables contributing to greater prices and common dangers of the mining business, failure of plant, tools or processes to function as anticipated, surprising adjustments in mine life, seasonality and climate, prices and timing of the event of recent deposits, success of exploration actions, allowing time traces, authorities regulation of mining operations, environmental dangers, unanticipated reclamation bills, title disputes or claims, and limitations on insurance coverage.
This data contained on this information launch is certified in its entirety by cautionary statements and danger issue disclosure contained in filings made by the Firm, together with the Firm’s monetary statements and associated MD&A for the years ended July 31, 2024 and July 31, 2025, and the interim monetary stories and associated MD&A for the interval ended January 31, 2024, April 30, 2024, October 31, 2024, January 31, 2025 and April 30, 2025, filed with the securities’ regulatory authorities in sure provinces of Canada and accessible at www.sedarplus.ca .
Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking data show incorrect, precise outcomes could differ materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated. Though the Firm has tried to determine vital dangers, uncertainties and components which might trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or meant. The Firm doesn’t intend, and doesn’t assume any obligation, to replace this forward-looking data besides as in any other case required by relevant legislation.
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Michael Michaud, President and Chief Govt Officer, at (416) 364-7024 or mmichaud@redpineexp.com
Or
Manish Grigo, Director of Company Growth, at (416) 569-3292 or mgrigo@redpineexp.com
