California Gold Project


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Overview

The California Gold Project comprises 250 hectares within the prolific California-Vetas Gold District, Santander, Colombia, which also contains the multi-million ounce La Mascota, La Bodega and Angostura gold deposits.  The gold-silver-copper mineralization in the California Gold Project is part of the same large mineralizing system localized along a regional northeast-trending fault zone.  Mineralization occurs in northeast, northwest and east-west striking, generally steeply north-dipping fault structures containing high grade veins up to two metres in width.  Vein mineralogy includes pyrite, chalcopyrite and sphalerite.  Elevation ranges from 2,400 to 2,700 metres above sea level, far below the Paramo boundaries.

Red Eagle Mining is advancing the California Gold Project toward economic feasibility by the delineation of high-grade vein resources exploitable by modern underground mining methods.  Underground mapping of existing mine workings and underground channel sampling are currently underway, prioritizing targets for underground diamond drilling as soon as possible. The California Gold Project is located approximately ten kilometres from Red Eagle Mining's existing Vetas Gold Project, potentially resulting in operational synergies, including processing at a central mill.

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