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Enter Symbol
or Name
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CA



Red Eagle Mining Corp
Symbol R
Shares Issued 391,239,014
Close 2018-04-09 C$ 0.27
Market Cap C$ 105,634,534
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Red Eagle produces 2,651 oz Au at Santa Rosa in March

2018-04-10 07:36 ET - News Release

Mr. Patrick Balit reports

RED EAGLE MINING SANTA ROSA OPERATIONS UPDATE

Red Eagle Mining Corp. has provided an update on operations at the Santa Rosa gold project, Antioquia, Colombia. The mill ran at 727 tonnes per day, processing 22,549 tonnes at 3.89 grams per tonne gold producing 2,651 ounces of gold in March.

San Ramon currently has 21 active attack ramps with 17 in production (which provided 44 active ore production faces in March) and the remaining attack ramps in breasting and backfill. Stope mining operations continued to ramp up with 614 tonnes per day mined in March. With the arrival of the final scoops in April and development currently under way, five new attack ramps are expected to be completed by the end of May to begin ore production in high-grade areas to the west, to the east and at depth from existing production areas. These additional production faces will allow mining rates to continue to increase to 1,000 tonnes per day as planned with gold production steadily increasing throughout the second quarter.


Total                               January   February      March   Total Q1

Ore mined               (tonnes)     12,497     17,092     19,027     48,616
Ore processed           (tonnes)     17,008     21,138     22,549     60,695
Processed gold grade    (g/t Au)       2.12       3.19       3.89       3.15
Gold produced           (ounces)      1,100      1,974      2,651      5,725
Recovery                     (%)        95%        91%        94%        93%
Average per day
Ore mined               (tonnes)        417        610        614        540
Ore processed           (tonnes)        567        755        727        682

About Red Eagle Mining Corp.

Red Eagle Mining is a gold producer focused on building shareholder value through acquiring, developing and operating gold and silver 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 gold project and controls Red Eagle Exploration, which owns 100 per cent of the Vetas gold, California gold and Santa Ana silver projects.

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