Red Ea­gle Min­ing drills 7m of 11.57 g/t Au at San Ra­mon

Stockwatch Daily - - MINES & METALS - Mr. Pa­trick Balit re­ports

RED EA­GLE Min­ing Corp. has re­leased re­sults from con­tin­u­ing un­der­ground stope de­lin­eation drilling at the San Ra­mon gold mine, Santa Rosa gold project, An­tio­quia, Colom­bia. The re­sults from 95 sur­face col­lared stope de­lin­eation drill holes (SRD-0001 to SRD-0095) and the re­sults from 43 un­der­ground stope de­lin­eation holes (SRDU-0001 to SRDU-0043) were pre­vi­ously an­nounced. Re­sults from 53 ad­di­tional un­der­ground stope de­lin­eation holes have been re­ceived (SRDU-0044 to SRDU-0096) with high­lights in­clud­ing in­ter­sec­tions:

• SRDU-0055: 2.05 m at 17.08 grams per tonne gold;

• SRDU-0068: 3.35 m at 12.04 g/t Au;

• SRDU-0069: 0.35 m at 166.06 g/t Au;

• SRDU-0078: 3.05 m at 15.61 g/t Au (in­clud­ing 0.60 m at 60.41 g/t Au);

• SRDU-0084: 0.25 m at 94.79 g/t Au;

• SRDU-0086: 0.40 m at 83.34 g/t Au;

• SRDU-0087: 4.55 m at 7.25 g/t Au (in­clud­ing 0.55 m at 29.63 g/t Au);

• SRDU-0090: 2.20 m at 25.32 g/t Au (in­clud­ing 0.50 m at 74.95 g/t Au);

• SRDU-0093: 3.00 m at 9.71 g/t Au;

• SRDU-0094: 0.80 m at 39.03 g/t Au;

• SRDU-0096: 7.00 m at 11.57 g/t Au.

Three un­der­ground di­a­mond drill rigs have com­pleted 13,200 me­tres in 156 stope de­lin­eation holes with as­says pend ing on ho les SRDU-0097 to SRDU-0160. As was ob­served in the pro­duc­tion stope de­lin­eation drilling to date, the re­sults from the cur­rent un­der­ground pro­duc­tion stope de­lin­eation drilling have re­turned in­ter­cepts with grades sig­nif­i­cantly higher than the re­serve grade of 5.2 g/t Au. For com­plete drilling re­sults, please see ta­bles and fig­ures avail­able on-line. Drill as­says were com­pos­ited by length-weighted av­er­ag­ing into in­ter­sec­tions us­ing a two g/t Au cut-off grade. Due to the min­ing method and min­ing se­lec­tiv­ity con­tem­plated for the de­posit, in­ter­nal di­lu­tion was in­cluded in some in­ter­sec­tions where con­sid­ered ap­pro­pri­ate for min­ing continuity. For pho­to­graphs of the drill core see Red Ea­gle Min­ing’s pho­to­stream on flickr.

Qual­ity as­sur­ance and qual­ity con­trol

All tech­ni­cal in­for­ma­tion for Red Ea­gle Min­ing’s Santa Rosa gold project is ob­tained and re­ported un­der for­mal qual­ity as­sur­ance and qual­ity con­trol pro­ce­dures and guide­lines. Red Ea­gle Min­ing’s pro­ce­dures are de­signed to meet or ex­ceed Cana­dian In­sti­tute of Min­ing, Me­tal­lurgy and Petroleum best prac­tices guide­lines and Na­tional In­stru­ment 43-101 stan­dards of dis­clo­sure. QA/QC pro­to­cols for drill core sam­pling and as­say­ing in­clude the in­ser­tion and mon­i­tor­ing of ap­pro­pri­ate ref­er­ence ma­te­ri­als (cer­ti­fied stan­dards, blanks and du­pli­cates) to val­i­date the ac­cu­racy and pre­ci­sion of the as­say re­sults.

All drilling sam­ples were col­lected with a di­a­mond core drilling rig us­ing ap­prox­i­mately one-me­tre sam­ple in­ter­vals fol­low­ing in­dus­try stan­dard prac­tice. Ac­ti­va­tion Lab­o­ra­to­ries Ltd. pre­pared and as­sayed the sam­ples at its lab­o­ra­tory in Medellin, Colom­bia. Fire as­say for Au (us­ing a 50-gram sam­ple) with an AAS fin­ish was car­ried out rou­tinely on all sam­ples sub­mit­ted. For all sam­ples which re­turned ini­tial Au fire as­says of greater than five g/t, a sec­ond fire as­say for Au was per­formed (also us­ing a 50-gram sam­ple) with a gravi­met­ric fin­ish.

The tech­ni­cal in­for­ma­tion con­tained in this news re­lease has been re­viewed and ap­proved by Red Ea­gle Min­ing’s vice-pres­i­dent of ex­plo­ration, Jeff Toohey, PEng, who is a qual­i­fied per­son as de­fined un­der Na­tional In­stru­ment 43-101.

About Red Ea­gle Min­ing Corp.

Red Ea­gle Min­ing is a gold pro­ducer fo­cused on build­ing share­holder value through ac­quir­ing, de­vel­op­ing and op­er­at­ing gold projects in Colom­bia, a ju­ris­dic­tion with pro­lific his­toric pro­duc­tion but un­til re­cently limited mod­ern ex­plo­ration. Red Ea­gle Min­ing owns 100 per cent of the Santa Rosa g old project , where the San Ra­mon gold mine has com­menced pro­duc­tion. Red Ea­gle Min­ing also con­trols Red Ea­gle Ex­plo­ration Ltd., which owns 100 per cent of the Ve­tas gold, Cal­i­for­nia gold and Santa Ana sil­ver projects, and is ac­tively con­sol­i­dat­ing ad­di­tional high-grade pre­cious metal de­posits in Colom­bia.

We seek Safe Har­bor.

Robert Wilt­shire Bell, Stephen Dixon, Jef­frey Robert Ma­son, Robert Bruce Pease, Ti­mothy John Pet­ter­son, Ian Paul Slater, Henry Jay Su­jir

(R) Shares: 374,549,810

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