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Red Eagle Mining Corp.
Summary
| Project: | Santa Rosa | |
|---|---|---|
| Deposit: | San Ramon | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 7/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 10-7-2017: Red Eagle Mining Corp. announces an Exploration/Drilling Update report for its San Ramon deposit at the Santa Rosa project. Drilling results incl. 1.0m @ 42.09g/t Au from 119.30m. July 10, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: R, OT | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeff Toohey (Internal) | |
| ABSTRACT: | July 10, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) is pleased to announce results to date from the on-going exploration drilling program at the 100% owned 100 km2 Santa Rosa Gold Project, Antioquia, Colombia. A total of 8,268 metres have been drilled in 22 core holes from eight widely-spaced platforms spread over several new target zones within a four square kilometer area to the west of the San Ramon Gold Deposit. The new targets are all located within five kilometres of the completed Santa Rosa Mill. Highlights from the program include the following intersections: Results from the exploration drilling are very encouraging and confirm the existence of numerous highgrade gold veins distributed throughout the western sector of the large Santa Rosa Gold Project, and notably within trucking distance of the Santa Rosa Mill. The gold mineralized veins are hosted in competent granodiorite and extend to surface. All technical information for Red Eagle Mining’s Santa Rosa Gold Project is obtained and reported under formal quality assurance and quality control (QA/QC) procedures and guidelines. Red Eagle Mining’s procedures are designed to meet or exceed C.I.M. “Best Practices Guidelines” and National Instrument 43- 101 standards of disclosure. QA/QC protocols for drill core sampling and assaying include the insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) to validate the accuracy and precision of the assay results. 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. | |
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