Red Eagle poised to build Colombia’s next gold mine

VANCOUVER — It's been a rapid race to production for junior Red Eagle Mining (TSX: RD; US-OTC: RDEMF) at its Santa Rosa gold project 70 km due north of Medellin, Colombia. On March 10 the company received an environmental...

VANCOUVER — It's been a rapid race to production for junior Red Eagle Mining (TSX: RD; US-OTC: RDEMF) at its Santa Rosa gold project 70 km due north of Medellin, Colombia. On March 10 the company received an environmental license for its San Roman deposit, which puts it on track to hit a gold production target in the first half of 2016. The achievement is even more impressive considering Red Eagle punched its first drill hole at the site just three years ago.

It's worth noting that San Ramon features a collection of social and geologic variables that make it essentially a perfect storm for development. The deposit is an intrusive hosted, structurally controlled quartz stockwork system located within the prolific Antioquia Batholith near the town of Santa Rosa de Osos.

Relatively simple mineralogy means that Red Eagle can achieve gold recoveries in excess of 96% via single stage crushing, SAG milling and flotation. Concentrate re-grinding is followed by conventional carbon-in-leach (CIL) processing of the combined float tails and reground concentrate to produce gold doré on site.

Operating in the department of Antioquia also provides Red Eagle with major advantages …

Read the complete article at NorthernMiner.com/news/red-eagle

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