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Red Eagle Mining Corp.
Summary
| Project: | Santa Rosa | |
|---|---|---|
| Deposit: | San Ramon | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 1/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 17-1-2017: Red Eagle Mining Corp. announces an Exploration/Drilling Update report for its San Ramon deposit at the Santa Rosa project. Drilling results incl. 5.15m @ 33.39g/t Au from 89.55m. January 17, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: RO | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jeff Toohey (Internal) | |
| ABSTRACT: | January 17, 2017 – Red Eagle Mining Corporation (TSX: R, BVL: ROTCQX: RDEMF) is pleased to announce results from the 2016 ore production stope delineation drilling programme at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia. The 10,000m programme was drilled from eight pads spaced over 300m of strike length. 107 diamond drill holes (SRD-0001 to SRD-0107) were drilled on approximately 15m centres from near surface to a vertical depth of 160m from surface. The programme only in-fill drilled a portion of the reserves at the San Ramon Gold Mine which overall extend for 2km of strike length and to 250m depth. The deposit is also open both at depth and on strike to the east where exploration drilling is currently underway. Results from the initial 95 holes (SRD-0001 to SRD- 0095) were previously announced. Results from the delineation drilling exceeded expectations with intercepts often significantly longer that the average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. For complete drilling results, please see Table 1 – Drill Hole Intersections and Table 2 – Drill Hole Specifications. Plans and cross sections can be found on Red Eagle Mining’s website. Drill assays were composited by length-weighted averaging into intersections using a 2 g/t Au cut-off grade. Due to the mining method and mining selectivity contemplated for the deposit, internal dilution was included in some intersections where considered appropriate for mining continuity. For photographs of the drill core see Red Eagle Mining’s flickr. | |
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