Red Eagle Presentation April 2012
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Red Eagle Presentation April 2012

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Red Eagle Presentation April 2012 Red Eagle Presentation April 2012 Presentation Transcript

  • DEFINING A COLOMBIAN GOLDRESOURCEApril, 2012
  • Caution Regarding ForwardLooking StatementsCertain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws,including the following statements regarding the Santa Rosa, Pavo Real and Mina Vieja properties: the ability of Red Eagle MiningCorporation (“Red Eagle” or the “Company”) to acquire additional concessions with potential resources; the potential to developresources and then further develop reserves; the anticipated economic potential of the concessions; the anticipated economic andpolitical developments in Colombia; the availability of capital and finance for the Company to execute its commitments andstrategy going forward. Forward-looking statements are based on estimates and assumptions made by the Company in light of itsexperience and perception of current conditions and expected future developments, as well as other factors that the Companybelieves are appropriate in the circumstances. Many factors could cause the Company’s results, performance or achievements todiffer materially from those expressed or implied by the forward looking statements, including: discrepancies between actual andestimated results from exploration and development and operating risks, dependence on early exploration stage concessions;political and foreign risks; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictionsand liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Personsreviewing this presentation are cautioned not to place undue reliance on forward-looking statements due to inherent uncertaintytherein. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise, except as required by law. The contents of this presentation have beenreviewed by a Qualified Person as defined by the NI43-101.
  • Red Eagle Mining REM Share Price (C$)Experienced management and board 1.40Concessions granted for two advanced stage gold 1.20exploration projects currently being drilled 1.00A third copper/gold brown-field project approachingdrill stage 0.80Raised $25M during 2011 ($0.75 and $1.25) 0.60Only 36M shares outstanding with a current market 0.40cap. of approximately $25M and cash of $9M 0.20Initial drilling at the Santa Rosa project has outlineda major gold trend, open on strike and at depth 0.00 07/04/2011 10/12/2011 01/10/2012First drill holes from Pavo Real to be released in Q2and Mina Vieja in Q3 3
  • Senior ManagementIan Slater - CEOFormer CEO with the Lundin Group and Managing Partner of Ernst &Young’s Mining Practice – Chartered AccountantMike Johnson – VP ExplorationExtensive experience with gold exploration in Colombia, mostrecently as CEO of Calvista Gold - GeologistBob Bell - OperationsPreviously GM of numerous mines and founder of Minproc Engineers’Mining Division – Mining EngineerRob PeasePreviously CEO of Terrane Metals and GM Exploration Canada andGlobal Projects for Placer Dome - Geologist 4
  • Project LocationsAntioquia batholith and mid-Caucagold belt.Easily accessible by roadGood infrastructure with power andwater readily availableBelow 3,200m (“Paramo” regions) inelevationExcellent community relations andsecurity (1) Gold resource figures include proven and probable, measured and indicated, and inferred ounces 5
  • Santa Rosa3,200 hectares, 70km north of Medellin, 100% owned with Concessionsgranted, brownfield and mined for over 400 yearsPervasive historic workings including over 280 adits (over 7km) and over 60historical sluiced areas (30mt mined) in the oxides have been mapped andsampled. Over 1,800 adit channel samples in the oxides averaged over 1g/tAu. Potential for heap leach.Initial drilling of the San Ramon target (15 holes) has confirmed it averages 1g/tAu, extends from surface to over 250m in depth, up to 60m widths and 1.8kmstrike. Currently conducting metallurgical testing. Second phase 8,000m drillprogram to commence in June.Five other key targets 6
  • Historic Mining Activity Northern Blue outlines – historic Sector sluice mining of 30mt of oxides Green – adits in oxides averaging over 1 g/t Au Recently mining veins 100 g/t Au in primaryNW Sector Central Sector rock down 50m shafts SE Sector 7
  • San Ramon Long SectionWidely spaced over 1.8km strike to date 8
  • San Ramon Cross Section 9
  • San Ramon Drill ResultsBroad zones of 1 g/t Au disseminated mineralisation: SR-003 - 39.7m at 1.59 g/t Au incl. 5.2m at 4.93 g/t Au SR-011 - 58.9m at 1.00 g/t Au incl. 5.1m at 5.37 g/t Au SR-015 - 15.1m at 2.51 g/t Au incl. 3.7m at 6.62 g/t Au SR-016 - 54.0m at 1.01 g/t Au incl. 7.8m at 5.25 g/t AuHigh grade veins up to 57 g/t Au: SR-003 - 1.0m at 29.40 g/t Au SR-017 - 0.9m at 20.30 g/t Au SR-018 - 1.0m at 57.30 g/t Au 10
  • Ongoing Drill Program Stage 6 Drill Program Stage 1 Drill Program Stage 4 Drill Program Stage 3Drill Program Stage 2 Drill Program Stage 5 Drill Program Stage 1 – discovered the Stages 2/3 – historic workings Stage 4 – extension of San San Ramon prospect along coincidental magnetic Ramon to the east and potassic anomalies 11
  • Santa Rosa Historic Stamp Mill Recent Mine 12
  • Santa Rosa New Road to the Central Sector Historic Sluice Mine 13
  • Pavo Real5,100 hectares, 40km SE of Ibague, 70% JV with Miranda Gold Corp.Broad quartz vein and veinlet systems in sedimentary host rocks, mineralizeddykes and brecciasRadiometric survey (potassic alteration) correlates well with surface mapping,sampling and historic workingsChannel sampling of adits have demonstrated significant grades over broadhigh density quartz vein/fracture zones (eg. 27m at 2.2 g/t Au)Trenching of breccias returned up to 10m at 4.0 g/t and 41m at 2.2 g/t Au540 rock chip samples taken assayed an average of 4.1g/t AuHigh gold soil anomalies of up to 2.3 g/t Au over 500m x 1,500mDrilling is underway – seventh hole of an initial 5,000m with assays pending 14
  • Drill Program Potassic alteration (light pink strongest) 15
  • High Gold Soil Anomalies Purple 0.4-2.3 g/t Red 0.1-0.4 g/t Strike to date of 500m x 1,500m Silver anomalies adjacent and overlaying 16
  • Mina Vieja Skarn formed by recent Mina Vieja granodiorite intrusive against limestone contains copper and gold mineralisation 15km known with RD holding options on brownfield mines at 15km skarn each end trend hosting copper/gold mineralisation Simple deals to consolidate land position with local limestoneCurrent Pavo Mina El Sapo minersReal ExplorationArea Mapping underway and to be completed before consolidation Proximity to Pavo Real and infrastructure 17
  • Brownfield Mine Brownfield mine operated by Chileans in ‘70’s Reported grades 2.5% Cu and 1.5g/t Au Mined only to a depth of 70m from surface Grab sample grades averaged 2.3% Cu, 26g/t Au and 3,760g/t AgGeological Mapping of Mina Vieja Mine and Surrounds (top left shows plan of underground mine at -50m) 18
  • Initial Drill Target Mapping completed around the Mina Vieja old mine area Preliminary drill holes have been established Significant potential under and around old workings based on mapping Drilling to commence in Q2 19
  • Why Invest? Defining a major heap leach gold resource on the San Ramon target Five other important targets at Santa Rosa Drilling underway at Pavo Real where surface sampling has outlined a major high grade target Drilling to commence at the Mina Veija brownfield copper mine in Q2 Stock is trading at all time low ($25M market cap) with only 36M shares outstanding Well financed with $9M in cash 17
  • Contact InformationHead Office Ian Slater, Chief Executive Officer +1 604 638 2545920 – 1030 West Georgia Street slater@redeaglemining.comVancouver, British Columbia Kevin Arias, Manager Corporate RelationsCanada, V6E 2Y3 +1 778 372 2556 +1 604 375 4562 m arias@redeaglemining.com Sequoia Partners, Investor Relations James Beesley +1 604 682 4600 +1 778 389 7715 m james@sequoiapartners.ca 21