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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

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.


TSXV:GER - Post by User

Post by greasycheyon Feb 02, 2021 9:18am
197 Views
Post# 32445449

News Release

News ReleaseGlen Eagle Resources Signs Major Ore Supply Agreement

Glen Eagle Resources Inc. (Montreal, Quebec, February 2, 2021; TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to announce the signing by the Company of the most important ore supply agreement to date. The agreement was entered between Cobra Oro, a wholly owned subsidiary of Glen Eagle Resources and a nearby Miners Cooperative representing approximately 250 artisanal miners. The agreement will allow Cobra Oro gold processing plant to operate at full capacity. The Company is also in discussion with two other groups representing an additional 750 miners from the same area, which is also known for being very prolific with high grade gold showings and small deposits. The Company has been trying hard over the years to reach an agreement with these various Miners Cooperatives but could not come to agreeable terms until now. This first contract represents therefore a major breakthrough for the Company not only in getting a steady flow of ore supplies but also by lowering considerably Cobra Oro processing cost.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Jean Labrecque, President Glen Eagle Resources Inc 2075 Victoria Street Suite 201 St-Lambert, Quebec J4S- 1H1 514-808-9807
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