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Red Eagle Exploration Ltd.
Summary
| Project: | Vetas | |
|---|---|---|
| Deposit: | Vetas | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 6/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-6-2017: Red Eagle Exploration Ltd. announces an Exploration/Drilling Update report for its Vetas deposit at the Vetas project. Amended technical report excluding historic resource estimate (previously included). This report was prepared as a National I | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Giovanni Ortiz (Independent) | |
| ABSTRACT: | This report was prepared as a National Instrument 43-101 Technical Report (NI 43-101) for Red Eagle Exploration Ltd. By Giovanny J. Ortiz. The purpose of this report is to provide Red Eagle with an independent opinion on the technical aspects of the Vetas project. The Vetas Gold Project is located in the Department of Santander, Colombia, adjacent to the town of Vetas. Province of Soto Norte. Vetas town is approximately 24 km north of the town of Berlin, by gravel road. Berlin is 66 km east, by paved highway, of Bucaramanga, the capital city of the Department of Santander. The property consists of ten mining titles totaling 352.38 ha and is roughly centred on 7° 19’ 30.7” north latitude and 72° 18’ 43.7” west longitude (WGS-84 datum). The Vetas Gold Project is located within the Santander Massif in the Eastern Cordillera of the Andes Mountains, Colombia (Ciedel et al., 2003; Lavigne, 2011). The rocks that comprise the Santander Massif are generally foliated amphibolite grade gneisses, migmatites, and meta- sediments of the Pre-Cambrian Bucaramanga Formation (Ciedel et al., 2003; Lavigne, 2011). From September 2009, Red Eagle carried out underground workings mapping and geochemical sampling, geological mapping and diamond core drilling. Between 2009 and 2013, Red Eagle collected 2,112 channel samples, completed 162 diamond core drill holes, totaling 71,035 m, including the collection of 35,145 core samples. Between 2016 and 2017 Red Eagle has carried out additional underground workings mapping and sampling. | |
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