Red Eagle Mining Corporation (RDEMF)

[4Godnwv]

Dear Subscriber,
November 4, 2016

CB Gold will participate in the Colombia Gold Symposium, in Medellin, Colombia at Estelar Milla de Oro Hotel from November 15-16, 2016. Raul Sanabria, CB Gold Chief Geologist, will be presenting on Wednesday, November 16 at 11:00 local time.

For further information on CB Gold please contact:

Patrick Balit
CB Gold Inc.
Suite 2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8
[phone]
[phone] mobile
[e-mail]
cbgoldinc.com

[4Godnwv]

Oh yeah!! Playing with the big boys now. Kind of like moving from the Amex to the NASDAQ in the US. Red Eagle is for real, moving from an explorer to a producer. Good things will happen here over the next few months. First pour coming soon. Getting excited!

[Chelski]

Nothing but good news !!

VANCOUVER, Nov. 3, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX: R, OTCQX: RDEMF, BVL: R) is pleased to announce that it has received final approval to graduate to the Toronto Stock Exchange ("TSX"). On Friday November 4, 2016, Red Eagle Mining common shares ("Shares") will begin trading on the TSX under the new symbol "R". To ensure continuity for shareholders, Red Eagle Mining Shares will be delisted from the Toronto Stock Exchange Venture at the close of business on Thursday November 3, 2016

[4Godnwv]

Red Eagle Mining increases stake in CB Gold

11/2/16, 12:40 PM
VANCOUVER, Nov. 2, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, BVL: RD) is pleased to announce that it has acquired 83,020,237 common shares ("Shares") of CB Gold Inc. ("CB Gold") from Batero Gold Corporation in exchange for 7,428,126 shares of Red Eagle Mining.

Prior to the transaction, Red Eagle Mining held 248,033,377 CB Gold Shares, representing 69% of the issued and outstanding CB Gold Shares. Red Eagle Mining relied on the exemption from the formal take-over bid requirements provided in section 4.2 of National Instrument 62-104.

Subsequent to the transaction, Red Eagle Mining now holds an aggregate of 331,053,614 Shares of CB Gold, representing 92% of the issued and outstanding CB Gold Shares. Red Eagle Mining acquired the Shares for investment purposes only and may acquire additional securities of CB Gold in the future. The Red Eagle Mining shares issued are subject to a four month hold.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through acquiring and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Red Eagle Mining Corporation

[4Godnwv]

Red Eagle Mining will participate in the Precious Metals Summit Zurich from November 2-3, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Thursday, November 2 at 14:50 local time.

http://www.precioussummit.com/event/2016-summit-zurich/

[4Godnwv]

Here's what everyone playing explorers wants to see. 1st pour coming within a few days.

https://www.flickr.com/photos/redeaglemining/sets/72157657213841711

[4Godnwv]

Yup - hit .70 on the otcqx today - starting to go

please post any news you see, as previously stated TDAm is way behind the curve on OTC stuff

[Chelski]

Finally breaking above the .90

[4Godnwv]

Red Eagle Mining will participate in the Hong Kong 121 Conference from October 19-20, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Wednesday, October 19 at 12:20 local time.

http://www.weare121.com/121mininginvestment-hk/

[4Godnwv]

Dear Subscriber,
October 18, 2016

Red Eagle Mining will participate in the Hong Kong 121 Conference from October 19-20, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Wednesday, October 19 at 12:20 local time.


Red Eagle Mining will also participate in the Precious Metals Summit Zurich from November 2-3, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Thursday, November 2 at 14:50 local time.


Red Eagle Mining will also participate in the Precious Metals Summit London on November 4, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Thursday, November 4 at 15:10 local time.


For further information on Red Eagle Mining please contact:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 2348 – 666 Burrad Street
Vancouver, BC, V6C 2X8
[phone]
[phone] mobile
[e-mail]
redeaglemining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8

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[4Godnwv]

Construction at Red Eagle Mining’s flagship project, the San Ramon Gold Mine, has concluded.

Commissioning is ongoing and first gold pour remains on schedule for October 2016.

Red Eagle Mining wishes to remind you to keep up with our progress via our Flickr account where photos are updated weekly.

Pics:
https://www.flickr.com/photos/redeaglemining/sets/72157657213841711

[4Godnwv]

New pics posted - here's the flicker acct link.

https://www.flickr.com/photos/redeaglemining/sets/72157657213841711

[4Godnwv]

1st crushed rock pics posted today - 1st pour coming this month. Red Eagle is going from an explorer to a producer. Get ready for a double folks.

http://www.redeaglemining.com

[4Godnwv]

First gold pour is on schedule for October 2016. New pics on website.

[4Godnwv]

Re: 2 trades this morning
1) 100 @ .667
2) 101 @ .6498

101 @ .6498!! When the b/a is .656 & .675?

Are you kidding me?

I have never bought into mm signal rumors, but this seems really strange to me.

[Chelski]

BC: One of the companies that we find particularly interesting is Red Eagle Mining Corp. (RD:TSX.V; RDEMF:OTCQX), which is just finishing its mine build-out and should start its pre-commercial production probably in Q4/16. I mentioned that we're typically looking for companies that have a catalyst to their business that will drive revenue, cash flow and earnings. Red Eagle really fits that profile in that it's a company that was financed by management. It hasn't relied on brokers and The Street to finance it. As a result, there's no analyst coverage on the stock.

The company did the initial drilling on its project, and the numbers came in quite good. It continued to do infill drilling, which showed that the numbers in its feasibility and economic assessment are actually better than the numbers that it originally looked at. It's going into production here fairly soon. Typically, these companies, when they first make their discoveries, have a huge run-up in their share prices and then a lag in between when they find the discovery and when they move forward with getting a mine built. Moving up into the production phase, we typically see the stock price start to come up again. Then the analysts start to look at it on a cash-flow basis of where they're going to be at.

When we look at Red Eagle compared to a peer group and where we think its production and cash flow will be, the valuation is about half of what we think the peer group is .


https://www.streetwisereports.com/pub/na/four-under-the-radar-investment-picks-in-canada

[4Godnwv]

Red Eagle Mining Begins Trading on the Lima Stock Exchange

9/20/16, 5:30 AM
VANCOUVER, Sept. 20, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce that its shares will start to trade on the Bolsa de Valores de Lima ("BVL") on September 20, 2016 under the ticker RD.

"Listing on the BVL will allow Red Eagle Mining to not only access the capital markets in Peru, but also the capital markets in Colombia, Mexico and Chile through the Integrated Latin American Market, while strengthening our visibility in the region", commented Ian Slater, Co-Founder & Chief Executive Officer.

Kallpa Securities SAB, a leading independent full-service financial firm based in Lima, has been retained as listing sponsor for Red Eagle Mining's BVL listing. "Having a Canadian headquartered company with Colombian assets listing on the Lima Stock Exchange is a first for the BVL and demonstrates benefits of the integration of capital markets. Peru is a world-class mining country with many sophisticated investors who understand mining and the opportunity investing in Red Eagle Mining represents", remarked Ricardo Carrión, Co-Founder and Managing Director of Kallpa Securities.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Red Eagle Mining Corporation

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[4Godnwv]

Red Eagle Mining intersects 10.7 metres at 8.9 grams gold per tonne

9/17/16, 5:16 AM
VANCOUVER, Sept. 7, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce results from ongoing ore production stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia. The results from the initial 23 holes (SRD-0001 to SRD-0023) were previously announced. An additional 21 holes have been completed (SRD-0024 to SRD-0044) with highlights including intersections:

-- SRD-0027 – 10.73m at 8.91 g/t Au from 60.66m down hole (incl. 1.20m at
21.39 g/t Au and 1.10m at 35.37 g/t Au)
-- SRD-0029 – 6.70m at 12.69 g/t Au from 69.80m down hole (incl. 1.40m at
45.06 g/t Au)
-- SRD-0038 – 8.25m at 5.89 g/t Au from 37.25m down hole (incl. 0.65m at
36.17 g/t Au)
-- SRD-0038 – 5.45m at 11.53 g/t Au from 54.55m down hole (incl. 0.92m at
30.81 g/t Au)
-- SRD-0043 – 2.70m at 20.56 g/t Au from 81.20m down hole (incl. 0.93m at
49.26 g/t Au)
-- SRD-0044 – 4.25m at 20.60 g/t Au from 89.75m down hole (incl. 0.74m at
78.35 g/t Au and 0.45m at 40.21 g/t Au)

Results from the delineation drilling continue to exceed expectations with intercepts significantly longer that the average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. For complete drilling results, please see Table 1 – Drill Hole Intersections, Table 2 – Drill Hole Specifications, Figure 1 and Figure 2 – Drill Hole Plans, Figure 3 – Long Section and Figure 4, Figure 5 and Figure 6 – Cross Sections. True widths are estimated to be 70-90% of the intersections and vertical depths are estimated to be 70-90% of the drilled depths reported below. Drill assays were composited by length-weighted averaging into intersections using a 2 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 Project in Antioquia, Colombia is obtained and reported under formal quality assurance and quality control (QA/QC) procedures and guidelines. Red Eagle Mining's procedures are designed to meet or exceed C.I.M. "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 their 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 5 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 Exploration, Jeff Toohey P.Eng., who is a "Qualified Person" as defined under National Instrument 43-101.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Red Ea

[4Godnwv]

News:

Dear Subscriber, September 14, 2016
RED EAGLE MINING INTERSECTS 7.16 METRES AT 29 GRAMS GOLD PER TONNE

September 14, 2016 – Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce results from ongoing ore production stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia. The results from the initial 44 holes (SRD-0001 to SRD-0044) were previously announced. An additional 6 holes have been completed (SRD-0045 to SRD-0050) with highlights including intersections:

SRD-0046 – 12.56m at 7.66 g/t Au from 67.64m down hole (incl. 1.05m at 48.70 g/t Au)
SRD-0046 – 9.68m at 7.89 g/t Au from 94.70m down hole (incl. 0.70m at 48.88 g/t Au)
SRD-0046 – 2.07m at 42.62 g/t Au from 130.70m down hole
SRD-0047 – 5.21m at 7.47 g/t Au from 93.15m down hole (incl. 1.41m at 19.18 g/t Au)
SRD-0049 – 7.16m at 29.03 g/t Au from 131.82m down hole (incl. 2.31m at 73.96 g/t Au)
Results from the delineation drilling continue to exceed expectations with intercepts significantly longer that the average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. For complete drilling results, please see Table 1 – Drill Hole Intersections, Table 2 – Drill Hole Specifications, Figure 1 and Figure 2 – Drill Hole Plans, Figure 3 – Long Section and Figure 4 and Figure 5– Cross Sections. True widths are estimated to be 70-90% of the intersections and vertical depths are estimated to be 70-90% of the drilled depths reported below. Drill assays were composited by length-weighted averaging into intersections using a 2 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 Project in Antioquia, Colombia is obtained and reported under formal quality assurance and quality control (QA/QC) procedures and guidelines. Red Eagle Mining’s procedures are designed to meet or exceed C.I.M. “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 their 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 5 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 Exploration, Jeff Toohey P.Eng., who is a “Qualified Person” as defined under National Instrument 43-101.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.
For further information on Red Eagle Mining please contact:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8
[phone]
[phone] mobile
[e-mail]
redeaglemining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

[4Godnwv]

10.7 Metres at 8.9 Grams Gold Per Tonne Intersected
September 7, 2016 – Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce results from ongoing ore production stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia. The results from the initial 23 holes (SRD-0001 to SRD-0023) were previously announced. An additional 21 holes have been completed (SRD-0024 to SRD-0044) with highlights including intersections:

SRD-0027 – 10.73m at 8.91 g/t Au from 60.66m down hole (incl. 1.20m at 21.39 g/t Au and 1.10m at 35.37 g/t Au)
SRD-0029 – 6.70m at 12.69 g/t Au from 69.80m down hole (incl. 1.40m at 45.06 g/t Au)
SRD-0038 – 8.25m at 5.89 g/t Au from 37.25m down hole (incl. 0.65m at 36.17 g/t Au)
SRD-0038 – 5.45m at 11.53 g/t Au from 54.55m down hole (incl. 0.92m at 30.81 g/t Au)
SRD-0043 – 2.70m at 20.56 g/t Au from 81.20m down hole (incl. 0.93m at 49.26 g/t Au)
SRD-0044 – 4.25m at 20.60 g/t Au from 89.75m down hole (incl. 0.74m at 78.35 g/t Au and 0.45m at 40.21 g/t Au)
Results from the delineation drilling continue to exceed expectations with intercepts significantly longer that the average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. For complete drilling results, please see Table 1 – Drill Hole Intersections, Table 2 – Drill Hole Specifications, Figure 1 and Figure 2 – Drill Hole Plans, Figure 3 – Long Section and Figure 4, Figure 5 and Figure 6 – Cross Sections. True widths are estimated to be 70-90% of the intersections and vertical depths are estimated to be 70-90% of the drilled depths reported below. Drill assays were composited by length-weighted averaging into intersections using a 2 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 Project in Antioquia, Colombia is obtained and reported under formal quality assurance and quality control (QA/QC) procedures and guidelines. Red Eagle Mining’s procedures are designed to meet or exceed C.I.M. “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 their 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 5 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 Exploration, Jeff Toohey P.Eng., who is a “Qualified Person” as defined under National Instrument 43-101.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.

For further information on Red Eagle Mining Corporation please contact:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 920 – 1030 West Georgia Street
Vancouver, BC, V6E 2Y3
[phone]
[phone] mobile
[e-mail]
www.redeaglemining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

[4Godnwv]

Rec'vd via email:



Dear Subscriber, September 6, 2016
Red Eagle Mining will participate in the Chile Explore Congress in Santiago, Chile from September 7-8, 2016. Patrick Balit, Red Eagle Mining's Vice President Corporate Development, will be presenting on Thursday, September 8 at 17:05 local time.

View Event

Red Eagle Mining will also participate in the Precious Metals Summit in Beaver Creek, Colorado from September 14-16, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Thursday, September 15 at 13:30 Mountain Time.

View Event

Red Eagle Mining will also participate in the Denver Gold Forum's XPL-DEV 16 in Colorado Springs, Colorado from September 19-21, 2016. Ian Slater, Red Eagle Mining's Co-Founder & CEO, will be presenting on Monday, September 19 at 14:15 Mountain Time.

View Event

For further information on Red Eagle Mining please contact:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 2348 – 666 Burrad Street
Vancouver, BC, V6C 2X8
[phone]
[phone] mobile
[e-mail]
redeaglemining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8

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[4Godnwv]

Here's the actual news release:

Red Eagle Mining continues to advance construction of the San Ramon Gold Mine during Q2 2016

8/30/16, 5:30 AM
VANCOUVER, Aug. 30, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce financial results for the three and six months ended June 30, 2016 and business highlights to date, including advancements at Red Eagle Mining's San Ramon Gold Mine in Antioquia, Colombia. Highlights include:

-- Completed private placements of common shares for approximately
$20,000,000 (news releases dated April 21, 2016 and July 14, 2016);

-- Commenced detailed ore production stope delineation drilling at the San
Ramon Gold Mine (news releases dated June 1, 2016 and August 16, 2016);
and

-- Acquired the high grade Santa Ana historic silver mine through Red Eagle
Mining's controlled public subsidiary CB Gold Inc. (news release dated
August 10, 2016).

Construction of the San Ramon Gold Mine and Mill

The overall construction of the mill is approximately 90% complete, and remains within budget and on schedule. Initial gold production is currently scheduled for October, ramping up to commercial production by the end of 2016.

Mine Highlights:

-- The main access and production decline has progressed to 370m in length
and the first ore production level has been established approximately
300m from the decline surface collar;

-- The initial production level is under development to mine ore ahead of
mill commissioning. High grade ore is being stockpiled from this
development, along with lower grade ore for the commencement of
commissioning;

-- The decline encountered difficult ground conditions through the
saprolite and transitional ground for longer than anticipated, but
development is now in competent granodiorite and progressing well;

Mill Highlights:

-- All steelwork and platework construction is complete. All equipment has
been delivered and installed. Remaining work now comprises completion of
piping and electrical works;

-- All HV equipment and electrical sub-stations have been inspected and
approved by the Colombian electrical inspectorate. The 44KV overhead
powerline and supply substation (which is located approximately 12km
from site), are functional and approved. Full "live" HV connection is
scheduled for September 2016. Cold commissioning of sectors of the mill
are being undertaken using the two 750 KVA standby generators; and

-- Water supply is established, and wet commissioning of all tankage is
underway.

Project Financing

Construction of the 100% owned San Ramon Gold Mine and Mill is forecast to be fully funded through to full production. As at July 31, 2016, Red Eagle Mining has approximately US $29 million in cash with approximately US $14 million of project costs left to incur.

Equity Financing

In April 2016, a private placement for gross proceeds of $11,281,476, consisting of 29,688,095 common shares at a price of $0.38 per share, was completed. In July 2016, a second private placement for gross proceeds of $9,223,638, consisting of 13,176,626 common shares at a price of $0.70 per share, was completed. No warrants were issued in either private placement.

Delineation drilling at San Ramon

In June 2016, detailed ore production stope delineation drilling commenced at the San Ramon Gold Mine and will continue for the life of the mine. The initial results from the in-fill drill programme have exceeded expectations with intercepts significantly longer than the planned average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. Highlights from the first 23 holes (SRD-0001 to SRD-0023) include intercepts:

-- SRD-0003 – 4.00m at 10.68 g/t Au from 60.70m down hole (incl. 1.10m at
27.38 g/t Au)
-- SRD-0004 – 7.80m at 12.79 g/t Au from 71.40m down hole (incl. 2.80m at
30.44 g/t Au)
-- SRD-0005 – 8.15m at 5.71 g/t Au from 96.20m down hole (incl. 1.60m at
15.65 g/t Au)
-- SRD-0010 – 11.48m at 7.25 g/t Au from 100.50m down hole (incl. 1.89m at
19.05 g/t Au)
-- SRD-0017 – 5.10m at 12.27 g/t Au from 93.90m down hole (incl. 1.46m at
29.94 g/t Au)
-- SRD-0018 – 1.35m at 50.11 g/t Au from 71.85m down hole
-- SRD-0020 – 10.60m at 4.22 g/t Au from 36.70m down hole (incl. 3.40m at
6.36 g/t Au)
-- SRD-0021 – 0.80m at 168.91 g/t Au from 92.60m down hole

Acquisition of Santa Ana

In August 2016, Red Eagle Mining's controlled public subsidiary, CB Gold Inc., acquired 100% of the Santa Ana Silver Project which covers the core of the historic Mariquita Silver District, one of Colombia's most prolific colonial silver mining camps with production dating back to the sixteenth century. The property is located approximately 190 kilometres ENE of Bogota in Tolima, Colombia. The polymetallic silver-gold veins are characteristic of an intrusion related silver rich system later overprinted by a low sulphidation epithermal system in a thrust and fold setting. They are comprised of variable amounts of pyrite, sphalerite, galena, silver sulphosalts, native silver and gold in a gangue of quartz and adularia.

A 2012 drill programme tested the down-dip extension of vein mineralization below the historic Santa Ana mine tunnels. The results highlighted the potential for bonanza-type silver-gold veins, with drill intercepts including:

-- CP-1203 – 3.04m at 1,751 g/t (51 oz/t) AgEq from 83.82m down hole
-- CP-1203 – 1.82m at 1,465 g/t (43 oz/t) AgEq from 100.58m down hole
-- CP-1208 – 1.34m at 2,545 g/t (75 oz/t) AgEq from 164.00m down hole

Selected financial data

The following selected financial data is derived from the unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2016, as prepared in accordance with International Financial Reporting Standards (all amounts in CA $).




For the three For the six months ended
months ended

June 30, June 30, June 30, June 30,
2016 2015 2016 2015

Net loss $ 632,618 $ 580,654 $ 831,440 $ 3,386,408

Comprehensive loss 790,223 691,020 1,102,506 3,486,095

Basic & diluted loss per share 0.00 0.01 0.00 0.04

As at June 30, December 31,
2016 2015

Cash and cash equivalents $ 18,963,164 $ 10,347,916

Total assets 121,085,132 62,582,686

Total liabilities 79,675,283 33,573,430

Shareholders' equity 41,409,849 29,009,256





For the three and six months ended June 30, 2016, Red Eagle Mining reported a net loss of $0.7 million (2015: $0.6 million) and $0.9 million (2015: $3.4 million) respectively. The net loss for the six months ended June 30, 2016 was reduced compared to the six months ended June 30, 2015 as Red Eagle Mining commenced capitalization of direct costs associated with the development of the San Ramon Gold Mine. Total assets and shareholders' equity increased in value as a result of the capitalization and the acquisition of a controlling interest in CB Gold. The increase in total liabilities primarily relates to amounts outstanding on the construction credit facility and the recognition of a reclamation provision for the San Ramon Gold Mine and Vetas Gold Project.

This press release should be read in conjunction with the unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2016. These documents can be found on Red Eagle Mining's website or profile at www.sedar.com.

The technical information contained in this news release has been reviewed and approved by Red Eagle Mining's Vice President of Exploration, Jeff Toohey P.Eng., who is a Qualified Person as defined under NI 43-101.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold and silver exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Red Ea

[4Godnwv]

News:


Dear Subscriber, August 30, 2016

RED EAGLE MINING CONTINUES TO ADVANCE CONSTRUCTION OF THE SAN RAMON GOLD MINE DURING Q2 2016

August 30, 2016 – Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce financial results for the three and six months ended June 30, 2016 and business highlights to date, including advancements at Red Eagle Mining’s San Ramon Gold Mine in Antioquia, Colombia. Highlights include:

Completed private placements of common shares for approximately $20,000,000 (news releases dated April 21, 2016 and July 14, 2016);
Commenced detailed ore production stope delineation drilling at the San Ramon Gold Mine (news releases dated June 1, 2016 and August 16, 2016); and
Acquired the high grade Santa Ana historic silver mine through Red Eagle Mining’s controlled public subsidiary CB Gold Inc. (news release dated August 10, 2016).
Construction of the San Ramon Gold Mine and Mill
The overall construction of the mill is approximately 90% complete, and remains within budget and on schedule. Initial gold production is currently scheduled for October, ramping up to commercial production by the end of 2016.

Mine Highlights:
The main access and production decline has progressed to 370m in length and the first ore production level has been established approximately 300m from the decline surface collar;
The initial production level is under development to mine ore ahead of mill commissioning. High grade ore is being stockpiled from this development, along with lower grade ore for the commencement of commissioning;
The decline encountered difficult ground conditions through the saprolite and transitional ground for longer than anticipated, but development is now in competent granodiorite and progressing well;

Mill Highlights:
All steelwork and platework construction is complete. All equipment has been delivered and installed. Remaining work now comprises completion of piping and electrical works;
All HV equipment and electrical sub-stations have been inspected and approved by the Colombian electrical inspectorate. The 44KV overhead powerline and supply substation (which is located approximately 12km from site), are functional and approved. Full “live” HV connection is scheduled for September 2016. Cold commissioning of sectors of the mill are being undertaken using the two 750 KVA standby generators; and
Water supply is established, and wet commissioning of all tankage is underway.

Project Financing
Construction of the 100% owned San Ramon Gold Mine and Mill is forecast to be fully funded through to full production. As at July 31, 2016, Red Eagle Mining has approximately US $29 million in cash with approximately US $14 million of project costs left to incur.

Equity Financing
In April 2016, a private placement for gross proceeds of $11,281,476, consisting of 29,688,095 common shares at a price of $0.38 per share, was completed. In July 2016, a second private placement for gross proceeds of $9,223,638, consisting of 13,176,626 common shares at a price of $0.70 per share, was completed. No warrants were issued in either private placement.

Delineation drilling at San Ramon
In June 2016, detailed ore production stope delineation drilling commenced at the San Ramon Gold Mine and will continue for the life of the mine. The initial results from the in-fill drill programme have exceeded expectations with intercepts significantly longer than the planned average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. Highlights from the first 23 holes (SRD-0001 to SRD-0023) include intercepts:
SRD-0003 – 4.00m at 10.68 g/t Au from 60.70m down hole (incl. 1.10m at 27.38 g/t Au)
SRD-0004 – 7.80m at 12.79 g/t Au from 71.40m down hole (incl. 2.80m at 30.44 g/t Au)
SRD-0005 – 8.15m at 5.71 g/t Au from 96.20m down hole (incl. 1.60m at 15.65 g/t Au)
SRD-0010 – 11.48m at 7.25 g/t Au from 100.50m down hole (incl. 1.89m at 19.05 g/t Au)
SRD-0017 – 5.10m at 12.27 g/t Au from 93.90m down hole (incl. 1.46m at 29.94 g/t Au)
SRD-0018 – 1.35m at 50.11 g/t Au from 71.85m down hole
SRD-0020 – 10.60m at 4.22 g/t Au from 36.70m down hole (incl. 3.40m at 6.36 g/t Au)
SRD-0021 – 0.80m at 168.91 g/t Au from 92.60m down hole
Acquisition of Santa Ana
In August 2016, Red Eagle Mining’s controlled public subsidiary, CB Gold Inc., acquired 100% of the Santa Ana Silver Project which covers the core of the historic Mariquita Silver District, one of Colombia’s most prolific colonial silver mining camps with production dating back to the sixteenth century. The property is located approximately 190 kilometres ENE of Bogota in Tolima, Colombia. The polymetallic silver-gold veins are characteristic of an intrusion related silver rich system later overprinted by a low sulphidation epithermal system in a thrust and fold setting. They are comprised of variable amounts of pyrite, sphalerite, galena, silver sulphosalts, native silver and gold in a gangue of quartz and adularia.

A 2012 drill programme tested the down-dip extension of vein mineralization below the historic Santa Ana mine tunnels. The results highlighted the potential for bonanza-type silver-gold veins, with drill intercepts including:
CP-1203 – 3.04m at 1,751 g/t (51 oz/t) AgEq from 83.82m down hole
CP-1203 – 1.82m at 1,465 g/t (43 oz/t) AgEq from 100.58m down hole
CP-1208 – 1.34m at 2,545 g/t (75 oz/t) AgEq from 164.00m down hole
Selected financial data
The following selected financial data is derived from the unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2016, as prepared in accordance with International Financial Reporting Standards (all amounts in CA $).

For the three months ended For the six months ended
June 30, 2016 June 30, 2015 June 30, 2016 June 30, 2015
Net loss $ 632,618 $ 580,654 $ 831,440 $ 3,386,408
Comprehensive loss 790,223 691,020 1,102,506 3,486,095
Basic & diluted loss per share 0.00 0.01 0.00 0.04
As at June 30, 2016 December 31, 2015
Cash and cash equivalents $ 18,963,164 $ 10,347,916
Total assets 121,085,132 62,582,686
Total liabilities 79,675,283 33,573,430
Shareholders' equity 41,409,849 29,009,256
For the three and six months ended June 30, 2016, Red Eagle Mining reported a net loss of $0.7 million (2015: $0.6 million) and $0.9 million (2015: $3.4 million) respectively. The net loss for the six months ended June 30, 2016 was reduced compared to the six months ended June 30, 2015 as Red Eagle Mining commenced capitalization of direct costs associated with the development of the San Ramon Gold Mine. Total assets and shareholders’ equity increased in value as a result of the capitalization and the acquisition of a controlling interest in CB Gold. The increase in total liabilities primarily relates to amounts outstanding on the construction credit facility and the recognition of a reclamation provision for the San Ramon Gold Mine and Vetas Gold Project.

This press release should be read in conjunction with the unaudited interim condensed consolidated financial statements and Management’s Discussion and Analysis for the three and six months ended June 30, 2016. These documents can be found on Red Eagle Mining’s website or profile at www.sedar.com.

The technical information contained in this news release has been reviewed and approved by Red Eagle Mining’s Vice President of Exploration, Jeff Toohey P.Eng., who is a Qualified Person as defined under NI 43-101.

About Red Eagle Mining
Red Eagle Mining is a well-financed gold and silver exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.
For further information on Red Eagle Mining please contact:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 2348 – 666 Burrad Street
Vancouver, BC, V6C 2X8
[phone]
[phone] mobile
[e-mail]
redeaglemining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8

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[4Godnwv]

Got new pics via email this am. To receive updates sign up here:
http://www.redeaglemining.com/investors/stock-information/

[4Godnwv]

New pics via email today. They are posted on the website as usual. Slowly progressing.

[4Godnwv]

You kidding me? This, on news? And the volume is just pathetic! Ah, the wonderful world of exploration stocks. We need that first pour.

[4Godnwv]

Good morning. Nice news! POG helping today.

[Chelski]

Red Eagle Mining Intersects 11.5 Metres at 7.25 Grams Gold Per Tonne and 0.8 Metres at 169 Grams Gold Per Tonne


VANCOUVER , Aug. 16, 2016 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce results from ongoing ore production stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia . The results from the initial 5 holes (SRD-0001 to SRD-0005) were previously announced. An additional 18 holes have been completed (SRD-0006 to SRD-0023) with highlights including intersections:
SRD-0010 - 11.48m at 7.25 g/t Au from 100.50m down hole (incl. 1.89m at 19.05 g/t Au)
SRD-0017 - 5.10m at 12.27 g/t Au from 93.90m down hole (incl. 1.46m at 29.94 g/t Au)
SRD-0018 - 1.35m at 50.11 g/t Au from 71.85m down hole
SRD-0020 - 10.60m at 4.22 g/t Au from 36.70m down hole (incl. 3.40m at 6.36 g/t Au)
SRD-0021 - 0.80m at 168.91 g/t Au from 92.60m down hole
Results from the delineation drilling continue to exceed expectations with intercepts significantly longer that the average mining width of 3m and grades significantly higher than the reserve grade of 5.2 g/t Au. For complete drilling results, please see Table 1 – Drill Hole Intersections, Table 2 – Drill Hole Specifications, Figure 1 and Figure 2 – Drill Hole Plans, Figure 3 – Long Section and Figure 4 and Figure 5 – Cross Sections. True widths are estimated to be 70-90% of the intersections and vertical depths are estimated to be 70-90% of the drilled depths reported below. Drill assays were composited by length-weighted averaging into intersections using a 2 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 Project in Antioquia, Colombia is obtained and reported under formal quality assurance and quality control (QA/QC) procedures and guidelines. Red Eagle Mining's procedures are designed to meet or exceed C.I.M. "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 their 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 5 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 Exploration, Jeff Toohey P.Eng ., who is a "Qualified Person" as defined under National Instrument

http://finance.yahoo.com/news/red-eagle-mining-intersects-11-091500156.html

[4Godnwv]

Nice...

[Chelski]

Thanks for posting this. I know they got the Vetas gold project from CB gold . I guess Red Eagle owns 72% of CB gold now . Vetas project may hold over 1 million oz gold. Moreover the Vetas project contains exploration targets that haven't been drill tested yet.

[Chelski]

Found this in another message board interview with a CEO

Ian Slater: Thanks, James.

James West: Ian, you’ve got a mine that’s getting ready to go into production. Why don’t you tell us what the status is, and when we’re actually going to see the first start-up of it?

Ian Slater: We’re almost there. We’re looking at the remaining things to do on the plant are just electrical and piping, so we’re shooting for our first gold pour nearing the end of September, early October, and ramping up to commercial production by the end of the year.

James West: Wow, that’s great. So there’s been no hiccups along the way?

Ian Slater: Well, it’s mining, there’s always some minor hiccups, but luckily, we have got the right team down there.

James West: Minor hiccups – is that a pun? (laughter) So you plan to start producing commercially by the beginning of 2017. What’s that going to look like?

Ian Slater: 70,000 ounces for 2017.

James West: Wow, that’s great. And all-in sustaining costs?

Ian Slater: Are about $600.

James West: So you’ve basically been able to do exactly what you said you were going to do.

Ian Slater: Yeah, exactly.

James West: That’s not really very mining-esque.

Ian Slater: No, it’s not.

James West: So what is it – I mean, what’s changed in Colombia since you got started? Has the situation, I mean, not that there was anything really wrong with it, but has the environment improved for companies like you who are putting a mine into production as a foreign entity operating in Colombia?

Ian Slater: As you know, we never had any issues there, so for us, we had, we took one year to get our environmental license. So we’ve always had a great relationship with the Secretary of Mines in Medellin, and CORE Antioquia, the environmental body. We did everything at the department level. Federally, we’ve always had a great relationship, too; they haven’t had to help us. So for us, nothing changed. I think it’s more of a perception problem, just because we’re the only ones building a proper scale gold mine under the new legislation.

Unfortunately, Ventana was an amazing example, but it’s private now, so people don’t hear about it. But they’re also working hard up in California. So if you know the background is, Batista bought it, and then you had it as collateral, so Mubadala from UAE own it now, and they’re working. So if I was a public company, that would be in the headlines. And people forget, too, that AngloGold was able to permit Gramalote, next to us, and they permitted it for an open pit, actually. So really the only one that was said no to was Greystar, but they wanted to build an open pit in the watershed, so it wouldn’t have been permitted in Canada, either.

James West: So but there’s been some other companies have had some problems there as well. Didn’t Continental run into some issues?

Ian Slater: Yeah. I mean, really, it’s Continental is what everybody thinks is a synonym with Colombia, right, because they’ve had issues, but their big issue is thousands of armed, illegal miners.

James West: Armed?

Ian Slater: Yeah.

James West: Oh, that complicates things, doesn’t it?

Ian Slater: Yeah. Just last month, the president sent the army in there and have cleaned out a lot of them.

James West: OK, but you guys don’t have any problems like that whatsoever?

Ian Slater: No, we don’t have any artisanal miners. It peaked in our project in about 1940.

James West: So the community that surrounds or that is closest to your mine, are all looking forward to being employees

Ian Slater: Yeah. We’ve had 100 stakeholder meetings in our region. So we have a 20 km area of influence that we chose, and there’s six villages in that, and then the town of Santa Rosa de Osos, which is about 45,000 people. We’ve got the support of everybody.

James West: Amazing.

Ian Slater: And that’s the key, is that Core Antioquia, the environmental agency, they care just as much about the social side as they do the environmental permitting side, so you really have to have the local communities onside. It’s just more challenging if you have a weakness there.

James West: Yeah, you bet. So everything’s on schedule. Are there any challenges with getting that equipment to your site?

Ian Slater: Which equipment?

James West: All of the components of the mill being – like you see in the photos.

Ian Slater: We had no problems for most of it, just we had, the only issue we had in the whole year we’ve been building is, in July for a couple of weeks there was a transport workers’ strike, so we had our pumps for the piping were stuck at port. But we’ve got them up at site now. These things happen.

James West: Sure. So how many full time employees will your entire operation employ?

Ian Slater: A couple hundred, and mostly from the town of Santa Rosa. We actually bus the shifts in from Santa Rosa, so we have very few people living at site.

James West: Sure. Another aspect of Red Eagle that I think is certainly under-appreciated is the Vetas deposit that you acquired through merger with CB Gold, or a bit of a takeover, I guess. What is the progress there, what are you doing in terms of exploration, or is that just sort of on hold until you get into production on the San Ramon?

Ian Slater: We’ve only had it for half a year, and that half a year we’ve been busy, actually, re-doing the geological model, re-sampling many of the assays and just putting together our own model of what we think this is, and it’s clearly a high-grade underground mine. Once we’ve finished with that, with doing our own geological model, we’re putting together a work program for what work needs to get done to get the resource where we want it to be. So that work program will be done in 2017, at this point.

James West: Oh, OK. So you’ve got a mine going into production in early 2017, with another one sort of under development?

Ian Slater: Yeah, well, there’s one in the middle there, too. So first is getting the San Ramon mine up at 1,000 tonnes per day; then the second phase is ramping that up to 2,000 tonnes per day, and then the third phase is building a mine up at Vetas.

James West: Wow. So that’s great, and are there other projects in your sights in Colombia?

Ian Slater: Yeah. We’re actually working on a couple acquisitions of, again, high grade underground mines in CB Gold.

James West: Wow, fantastic. OK, so then, what’s the investment agreement with the government of Colombia? How do they realize revenue from what you’re doing?

Ian Slater: Corporate tax, payroll taxes, and royalties. So they have a 3.2 per cent royalty on gold.

James West: OK, and what kind of corporate tax?

Ian Slater: Well, historically it’s in the low 30s, but they have a temporary increase to closer to 40 per cent. But in the tax world, when they say – so in the current legislation, it’s back down to the low 30s before we pay tax because we’ve got lots of loss carry-forwards, and on top of the loss carry-forwards, how do you get VAT back on all of that CapEx is deducting it against corporate tax payments.

So according to the current plan, we’d be back in the low 30s before we’d be paying tax, but taxes never seem to be temporary. So we’ll see.

James West: So what’s the general economic environment and status of Colombia as a country since the new president took over from the last one?

Ian Slater: Yeah, I think really from an economic perspective, there’s not so much difference between Uribe and Santos. They’re both right-wing, pro-business, pro-U.S. presidents, and pro-mining, though Uribe was more pro-mining. So I don’t think that’s the difference. What’s a bigger difference is the collapse of oil and coal prices, the biggest exports out of Colombia.

James West: Right. So has that had a negative impact on the general economy?

Ian Slater: Oh sure, yeah. I mean, the currency especially has gone from two years ago, when we did our feasibility study, it was 1900 to 1 and now all the cash that we converted this year for CapEx has been done at over 3000 to 1. We haven’t seen big inflation in the country, though, so it’s great for people like us who are building in Colombia. It helped, I think, when the government policy towards mining; they need mining revenues more than ever.

James West: Right. OK, Ian, well that’s a great update. Let’s leave it there for now. Thanks so much for your time today.

Ian Slater: Yeah, thanks,

[4Godnwv]

50k share block @ 13:54 - niceeeee - this one's ready to go, imo

[4Godnwv]

Received via email:

Dear Subscriber,
August 10, 2016
CB GOLD ANNOUNCES ACQUISITION OF THE HIGH GRADE SANTA ANA HISTORIC SILVER MINE

August 10, 2016 – CB Gold Inc. (TSX-V: CBJ) is pleased to announce the acquisition of 100% of the Santa Ana Silver Project from Condor Precious Metals Inc. (“Condor”). Santa Ana covers the core of the historic Mariquita Silver District, one of Colombia’s most prolific colonial silver mining camps with production dating back to the sixteenth century.

Preliminary prospecting, rock chip sampling, and drilling were carried out by Condor between 2012 and 2014. Chip samples of vein material collected in 2012 from the historic Santa Ana mine tunnels returned assay values as high as 11 g/t Au and 2,820 g/t Ag. Other high silver values included 929 g/t Ag, 600 g/t Ag and 443 g/t Ag. Chip samples collected from outcrops in 2013-2014 returned several high gold values along with high silver values, including: 68 g/t Au and 422 g/t Ag; 48 g/t Au and 81 g/t Ag; and 36 g/t Au and 163 g/t Ag.

Condor conducted a preliminary diamond drilling programme in 2012 completing eight shallow holes for a total of 1,170 metres. All of the holes were drilled from a single platform and tested the down-dip extension of vein mineralization below the historic Santa Ana mine tunnels. The results further highlighted the potential for bonanza-type silver-gold veins, with drill intersections including: 1,751 g/t (51 oz/t) AgEq over 3.04 metres; 1,465 g/t (43 oz/t) AgEq over 1.82 metres; and 2,545 g/t (75oz/t) AgEq over 1.34 metres.

Table 1: Santa Ana Drill Intersections

Hole From (m) To (m) Length (m) Au (g/t) Ag (g/t) AgEq (g/t)
CP-1201 78.45 79.30 0.85 1.34 667 760
CP-1202 110.03 110.56 0.53 1.21 389 473
CP-1203 83.82 86.86 3.04 3.68 1,495 1,751
CP-1203 100.58 102.40 1.82 1.26 1,378 1,465
CP-1204 133.15 134.97 1.82 0.47 149 182
CP-1205 70.10 74.70 4.60 0.32 179 201
CP-1205 88.00 88.80 0.80 1.64 532 646
CP-1205 104.84 107.22 2.38 0.38 193 219
CP-1206 124.66 125.15 0.49 0.34 742 765
CP-1206 137.00 137.66 0.66 1.89 685 816
CP-1207 170.47 170.76 0.29 2.45 746 916
CP-1208 164.00 169.16 5.16 3.51 527 771
Including 164.00 165.34 1.34 10.17 1839 2545
Intersections were composited using a cut-off grade of 100 g/t AgEq, calculated as Ag (g/t) plus Au (g/t) times 69.44 (assuming a Au price of US $1,250 per ounce and a Ag price of US $18 per ounce). Intersected lengths do not represent true vein thicknesses which are generally less.

CB Gold plans to advance the Santa Ana Silver Project toward economic feasibility by the delineation of high-grade vein resources exploitable by modern underground mining methods. This work will initially involve compiling existing data, detailed underground mapping of existing mine workings, detailed underground channel sampling, and prioritizing targets for subsequent drifting and surface and underground diamond drilling.

Transaction
CB Gold has purchased 100% of the Santa Ana Silver Project from Condor for consideration of CA $250,000, 8,095,238 shares of CB Gold (CA $850,000 at $0.105 per share) and a 2% NSR royalty. CB Gold has a right of first refusal on any sale of the royalty and may purchase 1% (half the royalty) at any time for CA $500,000.

About the Santa Ana Silver Project
Santa Ana comprises 669 hectares of the historic Mariquita Silver District, one of Colombia’s most prolific colonial silver mining camps with production dating back to the sixteenth century. The property is located approximately 190 kilometres ENE of Bogota in Tolima, Colombia.

A NI 43-101 Technical Report on the Santa Ana Property dated April, 2013, coauthored by Doublewood Consulting Inc. and Antediluvial Consulting Inc., cited the following archival information from historical Spanish documents regarding past production at Santa Ana:

“The La Porfia, El Dorado, La Manta and La Obdulia mines are located within the property as part of the historic colonial Santa Ana silver mines. The average smelter return for silver ore during those days was "4 marcos per quintal" (approximately 17 kg/t Ag) according to official reports of Hacienda Santa Fe (year 1585) also reporting widths exceeding 1 1/2 varas (4 1/2 feet). More veins were discovered in the Santa Ana (today Falan) and Frias region following exploration during the XVI Century, adding 14 new mines to the district, all of them producing over 1 marco of silver per quintal (approximately 4.3 kg/t Ag).”

The Santa Ana property is located on the eastern side of the Central Cordillera, underlain by highly deformed Paleozoic schists, quartzites and gneisses of the Cajamarca formation, intruded by the Tertiary El Hatillo granodiorite stock. The polymetallic silver-gold veins are characteristic of an intrusion related silver rich system later overprinted by a low sulphidation epithermal system in a thrust and fold setting. They are comprised of variable amounts of pyrite, sphalerite, galena, silver sulphosalts, native silver and gold in a gangue of quartz and adularia. The veins generally strike N-S to NNE and dip 45 to 85 degrees W to NW. They are directly related to right-lateral strike-slip movement on the regional scale Palestina Fault System.

Quality Assurance and Quality Control
Condor’s quality control procedures during collection of drill core data included the insertion of commercial certified standards and blanks. Rock and drill core samples were sent to the ALS laboratories sample preparation laboratory in Bogota, Colombia, where they were dried, crushed, split and pulverized. The 250g pulps were then sent to Condor’s head offices in Vancouver, British Columbia, Canada and subsequently delivered to the ALS Laboratory in North Vancouver for analysis. The samples were analyzed for gold using standard fire assay on a 50 gram sample with a gravimetric finish, and for multiple elements by ICP-MS using either an aqua regia (ME-MS41) or a four acid (ME-MS61) digestion. High silver results triggered ore grade Ag analysis using the AG-OG62 procedure.

The technical information contained in this news release has been reviewed and approved by Red Eagle Mining’s Vice President of Exploration, Jeff Toohey P.Eng., who is a “Qualified Person” as defined under NI 43-101.

About CB Gold
CB Gold is a well-financed precious metals exploration and development corporation majority owned by near term producer Red Eagle Mining Corporation. CB Gold has an experienced exploration and mine development team focused on building shareholder value through acquiring and developing high grade gold and silver projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. CB Gold owns 100% of both the Vetas Gold Project and the Santa Ana Silver Project, which consist of numerous historic and existing mines and where exploration is currently underway to delineate high-grade vein resources exploitable by modern underground mining methods.

For further information, please contact Ian Slater, Chief Executive Officer or:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8
[phone]
[e-mail]


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the proposed sale transaction are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: failure to satisfy all conditions precedent to the transaction, including disinterested shareholder approval and stock exchange regulatory approval, and the additional risks identified in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.






Suite 2348 - 666 Burrard Street
Vancouver, British Columbia, Canada, V6C 2X8
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[4Godnwv]

Yup. Only negative here is the location. As long as nothing crazy happens we'll make a few bucks.

[Chelski]

Not only they will be producing gold in a few month but also drilling and if they can really increase the their reserves over a million ounces = big pay day coming .

[4Godnwv]

Payday coming soon.

[Chelski]

Nice SA write up

Red Eagle Mining
Red Eagle Mining is a Colombian junior miner currently developing its 100%-owned Santa Rose Gold Project. To say the company has fast-tracked its junior-producer life cycle would be a massive understatement. The company is currently on track to see only a five year gap between its first discovery hole on the property to its first gold pour, a very rare occurrence for any gold company. Red Eagle is expecting initial production Q4 of this year, with construction currently over 70% complete. This is the first South American gold company I have covered and is a very rare occurrence for me. I normally stick to North American gold juniors, but believe Red Eagle is a special situation where it's worth leaving my usual top mining jurisdiction comfort zone.


Red Eagle's high-grade Santa Rosa deposit is situated in between Continental Gold's (OTCQX:CGOOF) Buritica deposit and B2Gold's (NYSEMKT:BTG) shared Gramalote deposit. The deposit currently hosts proven and probable reserves of 405,000 ounces at 5.20 grams per tonne gold. In addition, the deposit holds a resource of over 610,000 ounces at an average grade of 3.3 grams per tonne gold. The feasibility study completed on the project in 2014 showed the potential for an eight-year mine life with an annual production rate of 70,000 ounces a year. The all-in sustaining cash costs for the mine were anticipated at $758/oz with an average head grade of over 6.5 grams per tonne gold. The feasibility study provides a payback period on the initial capex of a measly 1.5 years using a gold price of $1,300/oz. Since the feasibility study, all-in sustaining cash costs have been estimated to be below $700/oz, well below the average of $782/oz for gold juniors acquired this year in acquisitions.

In addition to having more robust economics than most of the acquired juniors thus far in 2016, Red Eagle is significantly undervalued compared to its peers. While Red Eagle is the smallest scale producer of the five companies shown above, this does not justify such a massive discount. The company's current enterprise value based on 233 million shares outstanding is $190 million. As shown by the table below, the company trades at less than a 3x multiple for 2017 price to cash flow, less than half of its closest peer. Of its peer group that it does compare, Red Eagle is arguably is in as unfavourable of a jurisdiction as Australia or Burkina Faso, neither of which is much more geopolitically stable than Colombia.
Red Eagle will be a 70,000 ounce high-grade producer as of late 2016 and should pump out significant cash flow to aid in exploration activities to test multiple other targets across its Colombian land package. The current resource is located within the first 200 meters from the surface, and the shear zone remains open down dip and to the east. With a relatively unexplored property and several other magnetic anomalies left to drill, it is very possible for Red Eagle to prove up another 1 million ounces on its land package over the next two years. Red Eagle's operational excellence moving from explorer to producer in less than a five-year span cannot be ignored, and there continues to be huge potential for the company going forward.
Red Eagle & Atlantic Gold Compared to 2016 Acquisitions
I have compiled the below table to aid in comparing current gold juniors to those acquired thus far in 2016. Instead of looking at all acquisitions over the past five years, I believe it makes much more sense to look at recent acquisitions as they are much more indicative of what future M&A deals should look like. Given that gold is trading at the lower end of its five-year range, I find it more relevant to look at gold companies being acquired at current levels, than those acquired with gold near record highs. Below is a table showing all of the acquisitions of the past six months in addition to the two gold companies profiled in this article:

Looking at the table, we can see that Atlantic Gold Corporation is being valued at roughly $61/oz based on its 2.2 million ounces of gold across its four deposits. This figure is almost half the average valuation of Canadian acquisitions this year. While Atlantic Gold's average grade of 1.5 grams per tonne gold is less than half of the average grade of other Canadian takeovers in 2016, the company is closer to production than any of the other companies taken over in 2016, with the exception of Lake Shore Gold (NYSEMKT:LSG). I believe the company's discount is not justified at all at current prices and expect to see the company receive a re-rating with a market capitalization of closer to $300 million once it begins production. This would represent nearly a double in share price over the next year with production slated for late 2017.
Looking at Red Eagle Mining at first glance, it may seem that the company is overvalued compared to its peers. The average international valuation per ounce is $68.63 at time of takeover, and Red Eagle is currently valued at $155.73 per ounce of gold. I believe Red Eagle's higher priced valuation per ounce is more than justified when compared to Amara Mining (OTCPK:CLUGF) and Goldrock Mines (OTC:MFMNF). For starters, Red Eagle's grades are 300% higher than the majority of its international comparisons. In addition to this, Red Eagle's all-in sustaining cash costs are almost 20% lower than its international comparisons to past acquisitions. This shows that Red Eagle is a higher-grade and higher-margin gold producer and should not be placed in the same category as Goldrock Mines, Amara Mining and True Gold Mining (OTCQX:RVREF). I expect Red Eagle to also receive a re-rating upon the beginning of its commercial production to a $300 million market capitalization, a 30% jump in current share price by the end of this year.
Risks Associated With My Thesis
Both Atlantic Gold Corporation and Red Eagle Mining are micro cap gold juniors with market capitalizations sitting around the $200 million level. There are always risks in investing in smaller junior gold companies as future financing potential and declines in the gold price can be very detrimental to the company's wellbeing. Fortunately, for these two companies unlike most other micro-caps juniors, they are both well financed with over $35 million in their treasury. These substantial cash positions allow them some wiggle room while moving into the construction phase of their life cycle in case there should be any hiccups during the process.
In terms of risk with the price of gold, both companies have industry-leading all-in sustaining cash costs. Even with a dip to the $1,000/oz level, both companies would still be seeing $300/oz margins on their gold sales as their all-in sustaining cash costs come in at the sub-$700 level. Atlantic Gold has gone a step further and hedged over 1/3 of its eight-year mine life (215,000 ounces) at an average gold price of $1,500/oz. This means that despite where the price of gold goes over the next three years, Atlantic Gold will have 215,000 ounces of gold sales secured at the $1,500/oz level. Red Eagle Mining has not done any hedging and thus is exposed to the gold price on both advances and declines. Having said that, its all-in sustaining cash cost is at a very reasonable level and it is currently working with nearly 50% margins. Should these margins erode in the future, the company still has lots of leeway in terms of staying profitable as a producer. Red Eagle Mining would be in serious trouble and likely have to shut down operations if the gold price moves to the $600/oz level, but the same can be said for 99% of gold producers in the world, and I don't see the price of gold even touching the $1,100/oz level in the next two years.
The one worry for me about Red Eagle Mining is its deposit size. While it does have a very high-grade resource of over 1.2 million ounces, it would be nice to have some confirmation of gold mineralization at its soon-to-be-drill-tested targets. There is always the possibility that these targets will not show any favorable gold bearing mineralization and the company will be unable to prove up a larger resource. Having said this, the company is still moving forward to produce for eight years at a run rate of over 70,000 ounces a year. This will provide substantial free cash flow to the tune of well over $50 million after tax over the mine life. The main risk involved with Red Eagle Mining is its ability to prove up a larger resource so it can extend beyond the current eight-year mine life. While I am confident that it will be able to find at least one magnetic anomaly (of the three on its property) that shows favorable mineralization, if the drill targets all come up empty, this could affect the share price moving forward. Red Eagle Mining will still continue as a junior gold producer, but this would significantly cap its future as a gold producer after the year 2024.
Technical Outlook and Summary
Looking at the technical side of things, both companies are sporting very impressive charts. Red Eagle Mining has currently broken out to new 52-week highs and is consolidating above its recent resistance level. We can expect to see the stock base at this level before continuing to trend higher, and it can be noted that it is doing this while most other gold companies have fallen 10% from their highs.

Atlantic Gold has spent most of the year going sideways, but has recently broken out to the upside over the past two weeks at $0.73 CAD. I purchased the stock at this point and currently have a stop on my position below $0.55 CAD on a closing basis. We can expect to see Atlantic Gold find support at the $0.70 cent level where it broke out of after three months finding resistance at this level. If the $0.70 level does not hold, the uptrend line made from connecting the lows thus far this year comes in at the $0.69 level and should also act as strong support going forward.

Looking at the below GDXJ chart, Atlantic Gold and Red Eagle are charted beside it with line charts. Atlantic Gold is represented by a pink line and Red Eagle by an electric blue line. As you can see, while GDXJ has pulled back the past two weeks, these two companies have done the opposite and made new highs. This is extremely bullish and shows their resilience in a time when the price of gold has come under some pressure.

I believe both of the companies highlighted in these articles to be takeover targets due to the depressed valuations they are currently trading at. While many people will criticize me for buying these stocks while they are up over 100% this year, I have used this same strategy to buy several stocks already this year, and my current portfolio is up 24% year to date using this same strategy. I employ a Turtle Trading strategy in my portfolio, which enters new long positions on new 55-day highs, and exits them when their uptrends are invalidated. I have included a snapshot of my current accounts below to show my money is where my mouth is as I am currently holding significant gains in several miners and not taking profits. I believe profit targets are profit limiting and only sell my positions when the trend is broken.

While Red Eagle Mining and Atlantic Gold may not have the most glamorous massive deposits that some juniors that I have highlighted this year share, they are significantly undervalued compared to their peers. I believe the current entries provide a depressed valuation into companies which are moving into production and can expect a re-rating over the next 12 months. I do not believe either company's deposits are impressive enough for gold majors to want to take them over solely for their assets. Having said that, at the valuations they are currently trading at, these companies are a steal to any suitors. I would not be surprised to see them taken over on a purely valuation basis if they do not see a re-rating in the near future.
Disclosure: I am/we are long SPVEF.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I have included the Canadian charts for these stocks in the article as I believe they are much better for trading given the increased volume and cleaner charts which give a better idea of support and resistance levels. If you liked this article and found it useful, please feel free to follow me by clicking on my name next to my avatar at the top of this article. I also invite you to check my performance at TipRanks.com where my average return this year is 60% on new long positions.

[4Godnwv]

Back in - getting close to production.

[Chelski]

Was talked about in Money Talks.
Starts @ 20 min mark .

[4Godnwv]

RED EAGLE MINING COMPLETES $9 MILLION EQUITY FINANCING

July 14, 2016 – Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce that it has closed a private placement for gross proceeds of $9,223,638, consisting of 13,176,626 common shares (the "Shares") at a price of $0.70 per Share (the “Financing”). Proceeds will be used for exploration drilling of the Santa Rosa Gold Project. The Shares are subject to a four month hold period from the date of issuance.

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 71% of the Vetas Gold Project and 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016.

For further information on Red Eagle Mining please contact:

Patrick Balit
Vice President Corporate Development
Red Eagle Mining Corporation
Suite 2348 – 666 Burrad Street
Vancouver, BC, V6C 2X8
[phone]
[phone] mobile
[e-mail]
redeaglemining.com

[4Godnwv]

Scalped this once for a small profit - watching - it might pop again after this little correction in the PM markets - other than one crazy day it seems to be a well behaved little channel play.

[Chelski]

Should have a nice run coming to completion and production of the Sam Ramon mine .

Development and Construction of the San Ramon Gold Mine and Mill

The overall project is approximately 70% complete (based on physical completion), with earthworks, concrete, platework, steelwork and mechanical equipment installation on schedule for 100% practical completion in July 2016. Piping, electrical and instrumentation installation would continue to completion during Q3 2016.

[stocktrademan]

RDEMF bullish 0.5983

macds bullish above 0
stochastics crossing up
price at support
confluence of moving averages and parabolic sar indicator providing price support in an uptrend
obv and acc/dist lines made sharp move higher earlier bullish (could be a leading indicator 'volume before price')

[4Godnwv]

Out .546

[4Godnwv]

I'll bite - n RDEMF @ .529

[Chelski]

Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce that detailed ore production stope delineation drilling has commenced at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia and will continue for the life of the mine. Highlights from the first four holes (SRD-0001 to SRD-0005) include intercepts: -- SRD-0003 - 4.00m at 10.68 g/t Au from 60.70m down hole (incl. 1.10m at 27.38 g/t Au) -- SRD-0004 - 7.80m at 12.79 g/t Au from 71.40m down hole (incl. 2.80m at 30.44 g/t Au) -- SRD-0005 - 8.15m at 5.71 g/t Au from 96.20m down hole (incl. 1.60m at 15.65 g/t Au) "The initial results from the in-fill drill programme have exceeded our expectations with intercepts significantly longer than our average mining width of 3.00m and grades significantly higher than our reserve grade of 5.20 g/t Au", comments Bob Bell, Chief Operating Officer. Hole SRD-0002 was abandoned. For complete drill results, please see Table 1 - Drill Hole Intercepts, Table 2 - Drill Hole Specifications, Figure 1 - Long Section and Figure 2 - Cross Section. True widths are estimated to be 70-90% of the intercepts and vertical depths are estimated to be 70-90% of the drilled depths reported below. Drill assays were composited by length-weighted averaging into intersections using a 2.00 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 Flickr. Quality Assurance and Quality Control All drill samples were collected with a diamond core drill rig using approximately one metre sample intervals following standard industry practice. Activation Laboratories Ltd. prepared and assayed the samples at their 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 5 g/t Au, a second fire assay for Au was performed (also using a 50 gram sample) with a gravimetric finish. QA/QC included the monitoring of standards and a coarse blank inserted into the sample stream. The technical information contained in this news release has been reviewed and approved by Red Eagle Mining's Vice President of Exploration, Jeff Toohey P.Eng., who is a "Qualified Person" as defined under NI 43-101. About Red Eagle Mining Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 71% of the Vetas Gold Project and 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE Red Eagle Mining Corporation

[4Godnwv]

RDEMF gapped from Friday's close on April 29th of .5453 to a low of .597 on Monday, May 2nd - gap filled on Thursday, May5th, when it posted a low of .524

[wagner]

Which GAB?
volume seems more than dry

[4Godnwv]

Come to papa! Gap filled today. Let's see what she does tomorrow.

[wagner]

Still buyers and green!

If the pog will work for the future anything will be fine.