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Red Eagle Mining Corp RDEMF

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.


GREY:RDEMF - Post by User

Bullboard Posts
Comment by wiseyoungmanon Jun 14, 2017 1:38pm
181 Views
Post# 26362308

RE:Vetas

RE:VetasI scanned through the 43-101. I am not concerned the report says there is no resource estimate since the original filing by CB Gold was based on an open pit model which is not valid now. Red Eagle has long stated that exploration infill drilling needs to be completed and is based on a new underground mining model. I am not a geologist, however I can using common sense understand why this 43-101 indicates what it does. It is an early stage 43-101 which needed to be filed since the original filing is stale dated. 

Red Eagle Exploration projects (3) have enormous potential but it will take time and money to build out the resources. There will be a lot of dillution going forward however as long as Red Eagle Mining controls greater than 50%, it will be accretive in the future. The drilling for 2017 is very late since the private placement is not done to fund exploration of the 3 projects. Not much interest from the investment community at this point. This likely will take a fair amount of time. GLTA
Bullboard Posts