RE:Red Eagle Mining
Red Eagle has 405000 of proven and probable reserves, not resources. You cannot obtain this without a feasibility study level 43-101 which they have. What is not counted in this total are additional inferred resources which are not allowed to be included in a feasibility study. Red Eagle deposit is also open at depth, have additional surrounding areas which have not been tested and of course they now have the CB Gold property. Finally, the numbers in the feasibility study are actually much better now with the devalue of the Colombian currency. Thanks to Ross Beaty for saving us CB Gold shareholders. It is nice to have a fully permitted mine which is near completion in the next few quarters. GLTA