VANCOUVER, March 17, 2015 /PRNewswire/ - Red Eagle
Mining Corporation (TSX-V: RD, OTCQX: RDEMF) is pleased to
announce that Lycopodium Minerals Canada Ltd.
("Lycopodium"), a leading international project management
and engineering firm, has been awarded the engineering, procurement
and construction management ("EPCM") contract for Red Eagle
Mining's 100% owned San Ramon Gold Mine, located in Antioquia,
Colombia. Lycopodium will be responsible for:
- Project management;
- Engineering and preparation of design documentation;
- Coordination and review of the detailed engineering;
- Procurement and contract management;
- Construction management;
- Commissioning management; and
- Performance testing.
"We are very pleased to have engaged Lycopodium as EPCM
contractor for the San Ramon Mine," comments Bob Bell, Chief Operating Officer.
"Lycopodium is very familiar with San Ramon, having worked on the
project from an early stage, including leading the Feasibility
Study and engineering design work. We have been impressed
with their innovative design concepts resulting in improved
efficiencies and cost savings that have been reflected in the
Feasibility Study and the on-going detailed engineering."
About Red Eagle Mining
Red Eagle Mining is a gold exploration and development company
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 km²
historic Santa Rosa Gold Project located in the Antioquia
Batholith. Development will initially commence with the fully
permitted San Ramon Gold Mine where a positive Feasibility Study
supports project development. Construction is scheduled to
commence during 2015, subject to the completion of project
financing which is well advanced.
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