OTCPK:RGORF - Post by User
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DRYOASISon Nov 07, 2016 8:59am
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Post# 25431390
News !!
News !!November 7, 2016 Red Eagle Mining Corporation (TSX: R, OTCQX: RDEMF, BVL: R) is pleased to announce that it has poured first gold at the Santa Rosa Gold Project in Antioquia, Colombia. We are extremely proud to commence production, which is a historic milestone for both Red Eagle Mining and Colombia comments Bob Bell, Red Eagle Mining, Chief Operating Officer. As Red Eagle Mining completes this important step, we would like to thank our shareholders, stakeholders in the community, employees and contractors involved in delivering the Santa Rosa Gold Project from breaking ground to first gold pour in 14 months. The Santa Rosa Gold Project was built on budget while maintaining a healthy cash balance of C$16 million. Commercial production is expected in the first quarter of 2017 as production ramps up.