Second drill starts work at Wawa Gold Project

A second diamond drill is now part of a drilling program at RPX Gold’s Wawa Gold Project. The drill’s addition “will provide greater flexibility to test exploration projects identified through the 2025-26 program, further highlighting the upside potential of the land package,” said president and CEO Michael Michaud in a release. The program covers 20,000 [...]

Article content A second diamond drill is now part of a drilling program at RPX Gold’s Wawa Gold Project. The drill’s addition “will provide greater flexibility to test exploration projects identified through the 2025-26 program, further highlighting the upside potential of the land package,” said president and CEO Michael Michaud in a release. Recommended Videos The program covers 20,000 metres.

The Toronto-based company completed about 5,000 metres of that target as of Sunday. RPX Gold plans to finish a prefeasibility study by June 2027. The company is considering open-pit operations to create early cash flow to help fund underground operations.

The approach is subject to several milestones including continued drilling and mineral resource definition, additional metallurgical test work, permitting and Indigenous consultation. RPX Gold has inked a pact with Target IR & Communications to increase the company’s visibility with Canadian capital markets and streamline its corporate messaging. The Toronto-based consultants work with mining, technology and health care-clients.

RPX Gold (CVE: RPX) closed at 14 cents on Monday. The company’s shares have ranged from 7.5 cents to 27 cents during the past 52 weeks. Disclosure: Reporter Brian Kelly owns shares of RPX Gold.