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red mile minerals corp (RDM) Snapshot

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09/6/13 - C$0.03
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06/11/13 - C$0.0050
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red mile minerals corp (RDM) Details

Red Mile Minerals Corp. engages in the exploration and development of mineral properties in Canada. The company holds a 100% interest in the Blue Quartz gold property consisting of 8 staked claims covering an area of 240 hectares located in located in Beatty Township, Ontario. It also has an option agreement to acquire a 100% interest in the Dorset gold property comprising 69 claims covering an area of 1725 hectares located in northern Newfoundland, Canada. The company was formerly known as Red Mile Capital Corp. and changed its name to Red Mile Minerals Corp. in February 2010. Red Mile Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

red mile minerals corp (RDM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

red mile minerals corp (RDM) Key Developments

Red Mile Minerals Corp, Annual General Meeting, Jun 25, 2013

Red Mile Minerals Corp, Annual General Meeting, Jun 25, 2013., at 11:00 US Eastern Standard Time. Location: Ste. 520, 65 Queen St West. Agenda: To receive and consider the audited annual financial statements of the company for the financial year ended December 31, 2012, and the report of the auditor thereon; to appoint the auditor of the company for the ensuing year; to fix the number of Directors and to elect Directors; to approve the company's Rolling Stock Option Plan, as more particularly set forth in the Management Information Circular accompanying this notice; and to transact such other business as may be properly brought before the meeting or any adjournment or postponement thereof.

Red Mile Minerals Corp Auditor Raises 'Going Concern' Doubt

Red Mile Minerals Corp filed its Annual on Apr 26, 2013 for the period ending Dec 31, 2012. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Red Mile Minerals Corp. Provides Exploration Update on Blue Quartz Property

Red Mile Minerals Corp. announced the results of the recently completed diamond drill program at the Blue Quartz Property in the Timmins Gold Camp, located approximately 8 kilometers north of the Black Fox Mine. The property is jointly owned by Red Mile and McLaren Resources Inc. Exploration drilling is focused on expanding the known gold mineralization to depth in the area of the Blue Quartz Mine Shaft where underground high grade gold production was reported during 1920's and 30's. The three holes being reported targeted gold mineralization to the west of and below the level of the historic mine workings and successfully expanded the area of gold mineralization. The next program is planned to target the extension of highgrade gold mineralization directly below the area of the Blue Quartz Mine shaft. The drill program targeted 50 to 100 metre stepouts on the Main Zone mineralization to the west at depth with three drill intercepts from two new drill holes plus the extension of a previous hole, for a total of 941.3 meters. The exploration was following up on the positive results from previous drill programs, which included 12.28 grams per tonne gold (gpt Au) over 2.7 meters (m) and 1.3 gpt Au over 63 m. The Esker Property hosts the Esker gold prospect discovered by St. Joe Canada Limited in 1988. Gold is hosted by quartz veins and alteration within sheared mafic metavolcanics and banded iron formation comparable to that found along strike at Golden Patricia mine immediately to the northwest. The company is currently compiling all historical data and is planning an initial work program in the summer of 2013.


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