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Cabo Drilling awarded drill contract by Red Eagle

11 July 2011: Cabo Drilling Corporation has been awarded a 20,000 meter drill contract by Red Eagle Mining de Colombia Limited, a wholly owned subsidiary of Red Eagle Mining Corporation.

The drilling will take place on Red Eagle’s Santa Rosa Property located in the Province of Antioquia, near the town of Santa Rosa de Osos, approximately 85 km NW of Medellin. Infrastructure is readily available in this area.

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