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RED EAGLE EXPLORATION LIMITED V.XR

"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

Post by digingdeepon Apr 23, 2013 4:12pm
94 Views
Post# 21291437

AGM PRESENTATION TODAY

AGM PRESENTATION TODAY

Check the AGM presentation , slide 14 states as follows:

 

 

A Natural Resource Holdings 2012 study highlights the declining grade of new discoveries and highlights the scarcity of high-grade deposits globally:
?
439 identified deposits (189 producing, 250 under development) have more than 1mm oz of gold:
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Average gold grade of producing deposits is 1.06 g/t, and 0.66 g/t for undeveloped deposits;
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Less than 20% of the projects identified had grades above 5 g/t;
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only 10 undeveloped projects above 5 g/t had more than 5mm identified oz;
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The Vetas Gold Project has shown the potential to be a high-grade deposit – while also being close to existing infrastructure.
 
 
This is where we are, high grade deposit with a 5 million ounces potential..
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