Red Eagle Mining Corporation (Red Eagle) is focused on building shareholder value through acquiring, developing and operating gold projects in Colombia, a jurisdiction with prolific historic production but until recently, limited modern exploration.
Red Eagle owns 100% of the Santa Rosa Gold Project, comprising a total area of approximately 33,000 hectares and located 73 km northeast of the department capital Medellín in northern Colombia.
Lycopodium was awarded the EPCM contract for the development of the Santa Rosa process plant in March 2015, having completed a Feasibility Study in October 2014. Red Eagle planned an initial 1,000 tpd operation producing an average annual production of 50,000 ounces over an eight year mine life.
With confidence that additional resources will be identified in the future, Red Eagle required that the design make allowance for a future doubling of process plant capacity. Also, to meet strict environmental regulations, the design required the plant tailings to be filtered for dry tailings deposition.
The mine complex comprises the decline shaft providing access to the San Ramon underground mine, processing plant and plant infrastructure. Processing incorporates single-stage crushing, SAG milling and flotation with concentrate re-grinding followed by conventional carbon-in-leach, which processes the combined float tails and regrind concentrate, to produce gold doré at a 96% recovery.
Lycopodium was awarded the EPCM contract for the development of the Santa Rosa process plant in March 2015, having completed a Feasibility Study in October 2014. Red Eagle planned an initial 1,000 tpd operation producing an average annual production of 50,000 ounces over an eight year mine life.
Site construction began 3Q2015 and by January 2016 engineering and procurement activities were essentially complete. The main design and procurement activities were undertaken by the Lycopodium Toronto office with assistance of a local Colombian engineering company based in Medellin. During 4Q2016, construction and commissioning of the mill was completed. The first gold pour took place during November 2016 with the processing facility exceeding design throughput, with the capability to process up to 1,200 tonnes per day.
Red Eagle‘s future plan is to develop additional mines to feed the Santa Rosa Mill Complex and fulfil its vision of increasing capacity to 2,000 tonnes per day.
