19:21:47 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



Red Pine Exploration Inc (3)
Symbol RPX
Shares Issued 190,711,334
Close 2024-05-28 C$ 0.09
Market Cap C$ 17,164,020
Recent Sedar Documents

Globe says MacDonald Mines pulls Scadding assay results

2024-05-29 08:11 ET - In the News

See In the News (C-BMK) MacDonald Mines Exploration Ltd (4)

The Globe and Mail reports in its Wednesday edition that MacDonald Mines Exploration has withdrawn its assay results on its Scadding project in Ontario, citing inconsistencies. The Globe's Niall McGee writes that the miner said it is conducting a review "to identify and quantify the extent of any incongruities." MacDonald's gold and copper project is located 20 kilometres southeast of Sudbury. The property is in the very early drilling stage and the company has not proven its economics. This is the second junior Canadian exploration company this month to blindside investors with assay results problems. Red Pine Exploration a few weeks ago said that it found inconsistencies in some of its drilling results at its Wawa gold project in Ontario, and accused its former chief executive officer, Quentin Yarie, of manipulating results of hundreds of gold assays. Red Pine stumbled upon the assay results inconsistencies by accident after one of its geologists discovered an anomaly in its drill results. MacDonald has not disclosed how it discovered the problems with its assay results, or who it believes is responsible. Red Pine's former CEO, Mr. Yarie, worked at MacDonald for more than a decade. He left the company in 2022.

© 2024 Canjex Publishing Ltd. All rights reserved.