11:35 AM EST, 01/03/2019 (MT Newswires) -- Red Pine Exploration (RPX.V), a gold and base-metals exploration company, added 11.1% at $0.05 apiece, away from 52-week low $0.04, on Thursday on new results from its confirmation drilling in the higher-grade zones of the Surluga Deposit and from the drilling on the Minto Mine South Project.

The company said in a statement that it has intersected high-grade gold in the current resource footprint of the Surluga Deposit.

It added that its infill drilling results continue to support the potential for a higher-grade underground resource accessible using the existing underground infrastructures of the Surluga Mine.

CEO Quentin Yarie said: "We are now nearing the completion of the first phase of our infill drilling program, and in many of the holes completed so far, we have observed visual indicators that are typically associated with zones of stronger gold mineralization. We can now better understand what controls the formation of high-grade mineralization zones and this will help us in our exploration model for the other gold structures of the Wawa Gold Corridor."

Price: 0.05, Change: +0.01, Percent Change: +11.11