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Bullboard - Stock Discussion Forum 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 Discussion

View:
Post by digingdeep on Apr 23, 2014 9:50am

Finance

Really hope you are wrong brazzo. 

The peruvian gold mining company is Compañía Minera Horizonte (CMH), a mediumm size gold producer, that belongs to Navarro Grau Family. CMH visited CBJ facilities last year once or twice, and made a DD on our resources, and I am sure they signed a Confidentiality Agreement. Michelle Navarro Grau the lady that has bought 10% of CBJ is one of the members of the family Navarro Grau, and shareholder of CMH. Of course this is an indirect buy.

What I am saying is that we should not rely on this kind of investors, that want to buy the company for pennys. FC has to knock many doors to finance the operations without dilution.

I believe that FC has a big quote of responsibility on the drillings gaps and protocols and the results obtained in the NI 43101 that does not consider the ore in the narrow faulfill veins as indicated resources. They should know the SEC standards and restrictions for drillings in fault fill narrow veins, so it was the geologist and FCs fault? Why the SEC has not considered indicated resources in the narrow veins? What CBJ did wrong?

Checks the PR on resources:

Due to the high relief of the project area, surface drilling efforts have been focused on drilling 
numerous holes from individual drill platforms to increase definition efficiency. This has 
resulted in significant gaps in drilling coverage along interpreted gold-silver veins. SRK 
considers these gaps, as well as the interpreted down-dip extents of the veins, to be significant 
exploration targets. In areas with large gaps in drilling coverage, SRK assessed exploration 
potential for additional tonnes and grade which will be prioritized by CB Gold in future drilling 
campaigns

Comments,
Comment by mbrazzo on Apr 23, 2014 1:44pm
DD, Never heard of this group (they might be a small private group) but sure they are smarter than us. I just googled them and found out they did something similar with a company called Antioquia Gold in Colombia. They started with a 10% and little by little they have eaten the whole cake and now they own 60%+ of the company with minimal investment. They just slammed it to </4c per share and ...more