September 03, 2014 05:00 ET
Red Eagle Mining Receives San Ramon Mine Plan Approval
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 3, 2014) - Red Eagle Mining Corporation (TSX VENTURE: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. The Secretary of Mines of Antioquia has formally approved the Mining Technical Work Plan (Programa de Trabajo y Obras or "PTO"), which was submitted in November 2013, in Resolution 121146, dated August 12, 2014. This is the final approval required subject to receiving the Environmental License.
As previously reported, 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.
A Definitive Feasibility Study ("DFS") of the San Ramon Gold Deposit is being prepared by Lycopodium, a leading international project management and engineering firm. The DFS is on schedule for completion this month.
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
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