Red Mile Minerals Corp.

Red Mile Minerals Corp.

April 25, 2011 14:26 ET

Red Mile Reports Significant Results From the Recent Drill Program at Blue Quartz

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 25, 2011) - Red Mile Minerals Corp. ("Red Mile") (the "Company") (TSX VENTURE:RDM) is pleased to announce the results of the recent diamond drill program completed by McLaren Resources Inc. (CNSX:MCL)(FRANKFURT:3ML) ("McLaren") on the Company's Blue Quartz property in the eastern part of the Timmins Mining District.


Results of the recently completed 5 hole 1690 metres drilling program include 63 meters of 1.21 grams and 13.95 grams per tonne gold over 2.0 meters(For more details, please see the April 21, 2011 McLaren Press Release).

John V. Hickey, President of Red Mile commented "Red Mile is very pleased with the success of McLaren's drill program on the Blue Quartz property. It is evident that considerable potential exists at depth. We look forward to analysing the data further and will discuss with McLaren management the next steps for the property."

Red Mile / McLaren Agreement

On December 7th, 2010 McLaren and Red Mile entered into an Option Agreement whereby McLaren can earn a 50% interest in The Blue Quartz gold property, with McLaren having the right of first refusal on the remaining 50% interest. McLaren can earn a 50% interest in the Blue Quartz Property by making a C$10,000 cash payment (paid on signing) and spending C$200,000 in exploration and development expenditures on this property on or before September 1, 2011. Any shortfall in expenditure below $200,000 can be made up with a cash payment to Red Mile.

McLaren's Press Release

McLaren Resources Inc. announced the results of the recently completed 5 hole 1690 metres drilling program including 13.95 grams over 2.0 meters on the Blue Quartz Property located in the eastern part of the Timmins Mining District, 10 km from the Black Fox Mine. The recent results expand the gold mineralization to depth and along strike. The deepest hole intercepted 63 meters of gold mineralization starting at a depth of 351 meters down hole.

Significant Results Include:


Geotechnical Update

Diamond Drill holes MBQ-11-9 and 10 were among the 2 deepest holes drilled to date on the property and intersected a wide interval of hydrothermal alteration with gold mineralization that include a substantial width of lower grade mineralization, 1.21 grams per tonne gold over 63 meters as well as a higher grade core of 12.8 grams per tonne gold over 1.5 meters. These 2 holes were located at the west end and below the historic underground workings as well as to the west and below the majority of the limited drilling completed on the property to date. To date the mineralized zone is open to depth and down plunge with indications that the hydrothermal alteration system is increasing in intensity along with both the grade and width of the mineralization.

About Blue Quartz

The Blue Quartz property is located in the gold producing area 70 km east of Timmins where several current and past producing mines are located. The property consists of 25 patented mining claims, covering 400 hectares (4 square kilometers) of Early Precambrian, situated on gold mineralized geological structures within the Abitibi Greenstone Belt. The Blue Quartz mine is located in the north central part of Beatty Township and is approximately 8 kilometers northwest of the producing Black Fox Mine, 12 kilometers northwest of the producing Hislop Mine and 14 kilometers northwest of the former producing Ross Mine.

About Red Mile Minerals

Red Mile Minerals is a tightly held mineral exploration company with a gold property along the prolific Destor-Porcupine gold-producing region in Ontario and the Dorset Property in Baie Verte, Newfoundland. Red Mile continues to seek additional mineral exploration opportunities where the company's exploration expertise and corporate share structure could substantially enhance shareholder value.

13,715,000 shares are issued and outstanding.

On behalf of the Board of Red Mile Minerals Corporation

John Hickey, President and CEO

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.

Contact Information