Glen Eagle Resources Inc V.GER

Alternate Symbol(s): GERFF

Metals & Mining Industrial Metals & Minerals

Glen Eagle Resources Inc. is a Canada-based small producer and an exploration company of precious metals in Canada and the Central America area. The Company is engaged in the acquisition, the exploration and the evaluation of mining properties. The Company operates in two segments, which are the exploration and evaluation of mineral properties in Canada and recovery of gold and silver from tailings and rocks in Honduras. Its phosphate property (Moose Lake) is located in the St-Jean Lake area (Quebec), approximately 150 kilometers (km) south of Lisette Lake. Its La Cobra property is composed of one claim covering about 775 hectares (ha) and located in the Valle Department, Honduras. Its Piedra Dorada and La Moloncasa properties are located about 164 km south of the capital city of Tegucigalpa in Honduras. The properties are located 17 km to the east of Choluteca where Glen Eagle operates gold mill. The Piedra Dorada and La Moloncasa properties cover an area of about 1,000 ha and 400 ha.

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Glen Eagle Resources Inc

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Post by SUCYNon Jul 31, 2012 9:14am

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Post# 20168191

Drill results...are they good ???

Glen Eagle drills 54 m of 5.4% P205 at Moose Lake

2012-07-31 08:37 ET - News Release

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Mr. Jean Labrecque reports

GLEN EAGLE INTERCEPTS 54 METERS PHOSPHATE (P205) GRADING 5.4% AT MOOSE LAKE

Glen Eagle Resources Inc. has released the early results of the spring drilling program (18 holes in total at a depth of 100 metres) carried out on its Moose Lake project, located near Highway 172, approximately 100 kilometres north of Chicoutimi, Que.

The results of the first two holes are reported below.

 --------------------------------- |Hole #  |From|To  |Length|P205 | |        |(m) |(m) |(m)   |(%)  | |-------------------------------| |LO 12-07|6   |47  |41    |5.6  | |-------------------------------| |incl    |6   |35  |29    |6.2  | |-------------------------------| |incl    |29  |34  |5     |6.9  | |-------------------------------| |incl    |46  |47  |1     |11.5 | |-------------------------------| |LO 12-08|3.5 |57.5|54    |5.4  | ---------------------------------

Thirteen holes were allocated to the zone "Lac Orignal" which has now been tested over 1 km representing half the length of its visible anomaly. The known width originally thought to be 75 meters has now been extended to 346 meters wide.