Overview

Blue Quartz – Timmins Gold Camp

In 2009 Red Mile Minerals purchased the option for the Blue Quartz property from Russet Lake Resources who had the original option agreement with Thundermin Resources Inc. and Wesdome Gold Mines Ltd.

The Blue Quartz project is favorably located, straddling both the Pipestone Fault and a subsidiary sub parallel fault, the Painkiller Lake Fault. The rocks along the trace of these two faults have been silicified and are anomalous in gold. The project hosts a number of historic exploration prospects that include underground exploration and development. The most prominent include the Blue Quartz Mine and the Clifford Shaft on the Blue Quartz property.

In the fall of 2010, the Company announced results from a four hole, 1500 meter diamond drilling program with significant intersections of 5.3 g/t Au over 2.8 meters, 23.8 g/t Au over 1.0 meter and 57.4 g/t Au over 0.2 meters.

In December of 2010, the Company entered into an option agreement with McLaren Resources Inc. whereby McLaren can earn 50% of the Company’s interest in the Blue Quartz Property by spending $200,000 on the property before September 2011. In addition, upon McLaren earning a 50% interest, McLaren will have the right of first refusal for the remaining 50%.

Dorset – Baie Verte, Newfoundland

In October 2010, Red Mile acquired an option to earn a 100% interest in the Dorset gold property located in northern Newfoundland, Canada from Tenacity Holdings Ltd. ("Tenacity") of St. John's, Newfoundland.

The Dorset property lies approximately 7km west southwest of Rambler Metals & Mining PLC Ming Mine Project and 10 km southwest of Anaconda Mining Incorporated’s Pine Cove Gold Mine. The Dorset Property is comprised of eight mineral licenses encompassing 69 claims totaling 1725 hectares in area.

Red Mile began preliminary exploration work on the property in January 2011 and plans to determine strategic drill targets with the intent to begin a diamond drill program in the spring of 2011.

 

News

February 28, 2013
Red Mile Minerals Provides Exploration Update

February 28, 2013

Summary Results

February 14, 2013
Red Mile Minerals announces the acquisition of 100% interest in the Esker Gold Property, adjacent to the Golden Patricia Mine

January 17, 2013:
Red Mile Minerals Provides Exploration Update

December 31, 2012:

Red Mile Minerals Provides Exploration Update and Closes Private Placement

 

24 Hour Gold Chart

[Most Recent Quotes from www.kitco.com]

Maps

 

 

 

Print Page  Email Page  PDF Page