VANCOUVER, Nov. 16,
2015 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD,
OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce it has placed
all process and infrastructure equipment orders necessary to
complete the construction of its San Ramon Gold Mine.
Deliveries will commence in January and continue through
March, 2016. Furthermore, all construction contracts have now
been awarded, civil and concrete works contractors have commenced
site set up and the underground decline is being collared.
"Accomplishing these significant milestones
brings us one step closer to production", comments Bob Bell, Chief Operating Officer. "Most
importantly, all equipment purchases and contracts have been
executed within budget."
About Red Eagle Mining
Red Eagle Mining is a well-financed gold
exploration and development corporation 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 100 square
kilometre historic Santa Rosa Gold Project located in the Antioquia
Batholith. Construction is underway at the fully permitted
and fully financed San Ramon Gold Mine with production expected to
commence in the second half of 2016.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release
includes forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration
successes, continued availability of capital and financing, and
general economic, market or business conditions. There can be
no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of
such uncertainties. We do not assume any obligation to update
any forward-looking statements. This news release does not
constitute an offer to sell or a solicitation of an offer to sell
any securities in the United States. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
SOURCE Red Eagle Mining Corporation