The Red Eagle mercury prospect is to the southwest of the Yalakom River, 0.5 kilometre above its confluence with Shulaps Creek.

The occurrence is within massive to pillowed green to reddish brown greenstone and greenstone breccia with irregular bands of diabase. These rocks are informally referred to as the East Liza Igneous Suite which is, in turn, tentatively correlated with the Permian Bralorne Igneous Complex.

The rocks are considerably fractured and veined by ankerite, dolomite and quartz. Cinnabar occurs as narrow stringers, blebs, disseminated grains and films on fracture planes within the greenstone and greenstone breccia. Pyrite is sparsely disseminated.

Two adits and numerous trenches explore the prospect; in 1941 and 1942, 232 kilograms of mercury were produced from 23 tonnes of ore. In 1967 the Red Eagle prospect was amalgamated with the Golden Eagle prospect (092JNE062) across the Yalakom River. Reserves for the whole area are estimated at 641,702 tonnes at a grade of 10.21 kilograms of per tonne mercury (1 per cent) (George Cross News Letter No.122, 1971). Indicated and measured ore has been estimated at 1,658,000 tonnes grading 0.195 per cent mercury (Assessment Report 16280).