1. Red Eagle Mining (RD : TSX-V : $0.49), Net Change: 0.08, % Change:
18.29%, Volume: 16,000
Adding more gold to its wings. Shares of Red Eagle are up significantly this
month as the Colombian-focused junior gold explorer continues to release positive
results. Yesterday, RD announced additional assay results from its recently
completed 24- hole, 5,400 m phase two core drill program at the San Ramon gold
system located within the company's Santa Rosa gold project in Colombia.
Management highlighted that the newest results show strong gold mineralisation
over significant intervals, with the most significant intercept being in hole SR-
045A of 35.5 m at 2.28 g/t gold. Commenting on the results, RD's CEO, Ian
Slater, stated, "Our drilling at San Ramon continues to deliver confirmation of a
robust mineralised system containing numerous high grade gold intercepts and
long intervals." Adding that, "Assays are pending on another 14 holes from phase
two and phase three drilling is continuing through the summer." Earlier this
month, RD released positive metallurgical results and a headline intersection of
6.0 m of 31.85 g/t gold from the first assay results received from the phase two
drill program.