RED EAGLE MINING

DEVELOPING THE SANTA ROSA GOLD PROJECT IN COLOMBIA

Mining at the Santa Rosa gold project pre-dates the 17th century. 45,000 metres of core drilling have been completed on the San Ramon gold deposit and a positive Feasibility Study supports project development.  The September 2014 Feasibility Study includes $74 million in initial capital costs and cash costs of $600 per ounce.  Post-tax project economics include cash flow $138 million, NPV5% $108 million, IRR 52% and payback within 1.5 years.  Project finance and permitting are well advanced.

Red Eagle also holds an extensive portfolio of exploration properties throughout Colombia including the Pavo Real project.

Pavo Real Santa Rosa Pavo Real Santa Rosa