Environmental Impact Assessment Submitted for San Ramon
Vancouver, BC, February 24, 2014 - Red Eagle Mining Corporation (TSXV:RD,OTCQX:RDEMF) is pleased to report progress in permitting the San Ramon Gold Deposit within its 100% owned Santa Rosa Gold Project located in Antioquia, Colombia. A comprehensive Environmental Impact Assessment ("EIA") including an Environmental Management Plan ("EMP") was submitted on February 20, 2014 to Corantioquia (Department of Antioquia Environmental Agency). The EIA was prepared by Tetra Tech, a leading international engineering firm. Approval of the EIA and EMP by Corantioquia, which grants the Environmental License, is the final permit required for construction and mining of the San Ramon Gold Deposit. Permitting is expected to be completed during 2014.
As previously reported, the Mining Technical Work Plan (Programa de Trabajo y Obras or "PTO") was submitted in November 2013 to the Secretary of Mines of Antioquia. This is the final approval required from the Secretary of Mines subject to receiving the Environmental License. The Secretary of Mines has until March 13, 2014 to provide comments or the approval is deemed to have been granted.
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 Corporation is a well-financed gold exploration and development company 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 is developing the 320 km² historic Santa Rosa Gold Project located in the Antioquia Batholith. Development will initially commence with the San Ramon Gold Deposit where a positive Preliminary Economic Assessment supports project advancement. Feasibility and permitting are currently underway.
For further information on Red Eagle Mining contact:
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