Red Eagle Mining Corp RDEMF

Metals & Mining Industrial Metals & Minerals

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.

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Red Eagle Mining Corp

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Comment by Qbar82dvon Jan 28, 2016 3:33pm

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Post# 24503023

RE:RE:Batero power

Thanks for that positive comment on CB gold.
I looked for more info on CBJ and found Vetas Gold project highlights on the home page of RD. Very impressive indeed.

RED EAGLE MINING – VETAS GOLD PROJECT HIGHLIGHTS

December 3, 2015 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to highlight the past exploration work at the Vetas Gold Project (“Vetas”) located in Santander, Colombia, conducted by CB Gold Inc. (“CB Gold”) between 2009 and 2013. Red Eagle Mining holds 51% of CB Gold which owns 100% of the Vetas Gold Project. All the directors and officers of CB Gold have recently been replaced by Red Eagle Mining appointees.

Past diamond drilling results from Vetas highlight the excellent potential for high-grade gold and silver vein mineralization, including, among a multitude of other highly encouraging intersections:

325 g/t (9.5 oz/t) Au over 2.09 metres;
507 g/t (14.8 oz/t) Au over 0.74 metres;
370 g/t (10.8 oz/t) Au over 0.82 metres;
228 g/t (6.7 oz/t) Au over 1.13 metres;
104 g/t (3.0 oz/t) Au over 2.45 metres; and
235 g/t (6.9 oz/t) Au over 1.03 metres.

Vetas lies within the prolific Vetas-California gold province, a belt of low to intermediate sulphidation epithermal gold-silver occurrences. The project is located near the village of Vetas, an historic mining community, approximately 45 kilometres northeast of the city of Bucaramanga. The deposits at the Vetas Gold Project comprise several systems of narrow high-grade Au-Ag veins striking northeast and northwest, with moderate to steep dips. The area has a long history of gold mining dating back to at least the seventeenth century, however there was no modern exploration at Vetas prior to that commenced by CB Gold in September 2009.

Between November 2010 and November 2013 CB Gold completed a total of 71,035 metres of diamond drilling in 162 holes from surface platforms. Highly encouraging results were returned from several of the known vein systems distributed throughout the project area, including:

177 intersections with grades in excess of 5 g/t (0.15 oz/t) Au;
100 intersections with grades in excess of 10 g/t (0.3 oz/t) Au; and 33 intersections with grades in excess of 30 g/t (0.9 oz/t) Au.

For the 177 intersections with grades in excess of 5 g/t Au, the length-weighted average grades are 30 g/t (0.9 oz/t) Au combined with 52 g/t (1.5 oz/t) Ag. Individual intersections range in length from 0.30 metres up to 3.87 metres and notably average 1.03 metres. Due to the steep topographic relief, multiple fanned drill holes were collared from each of several individual platforms and in most holes the intersected lengths may not represent true vein thicknesses.

Red Eagle Mining plans to advance the Vetas Gold Project toward economic feasibility by the delineation of high-grade vein resources exploitable by underground mining methods. This work will initially involve compiling existing data, detailed underground mapping of existing mine workings, detailed underground channel sampling and prioritizing targets for subsequent drifting and underground diamond drilling.