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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

Comment by mbrazzoon Apr 02, 2014 3:17pm
277 Views
Post# 22401995

RE:some reading material

RE:some reading materialTo me the key words on that announcement were that Mr. Laing provided "3 decade experience in mining project development", I assume because CBJ mgmt want to move to develop a plant (they have also stressed its good metallurgies and that their intention to do a PEA). However with 121k oz indicated and just over 400k oz of total oz including inferred (which doesn't mean much), it will be hard to find who will fund a small operation like this...we will see but I believe we are all a bit surprised by the low number. I was personally expecting more tons and higher grade
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