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Red Eagle Mining Corp.
Summary
| Project: | Santa Rosa | |
|---|---|---|
| Deposit: | San Ramon | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 8/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-8-2017: Red Eagle Mining Corp. announces an Exploration/Drilling Update report for its San Ramon deposit at the Santa Rosa project. Drilling results incl. 4.75m @ 5.38g/t Au from 97.8m. August 1, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeff Toohey (Internal) | |
| ABSTRACT: | August 1, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) is pleased to announce results from ongoing underground production stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia. The results from 95 surface collared ore production stope delineation drill holes (SRD-0001 to SRD-0095) were previously announced. A total of 15 underground production stope delineation holes have been completed to date (SRDU-0001 to SRDU-0015) with highlights including intersections: All drilling samples were collected with a diamond core drilling rig using approximately one metre sample intervals following industry standard practice. Activation Laboratories Ltd. prepared and assayed the samples at their laboratory in Medellin, Colombia. Fire Assay for Au (using a 50 gram sample) with an AAS finish was carried out routinely on all samples submitted. For all samples which returned initial Au fire assays of greater than 5 g/t, a second Fire Assay for Au was performed (also using a 50 gram sample) with a gravimetric finish. Red Eagle Mining is a gold producer focused on building shareholder value through acquiring, developing and operating gold projects in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where the San Ramon Gold Mine has commenced production. Red Eagle Mining also controls Red Eagle Exploration Limited which owns 100% of the Vetas Gold, California Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia. | |
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