Red Eagle Mining Corp. (R:TSX; RDEMF:OTCQX; R:BVL) just announced that drilling at the San Ramon Gold Mine, part of the Santa Rosa Gold Project in Colombia, has returned 4.75 meters at 20.3 grams gold per tonne.
This drilling was below the already delineated resource and is "extending the vertical extent of known gold mineralization."
Red Eagle noted that "mineralization is open to depth in an area with no previous drilling and outside of the mineral resource and mineral reserve. Results continue to return intercepts with grades significantly higher than the reserve grade of 5.2 g/t Au."
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