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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

Comment by EarsOfADonkeyon Feb 02, 2021 9:45am
77 Views
Post# 32445761

RE:News Release

RE:News ReleaseI understand this news release is lacking details and we will have to again wait & see if it comes to fruition with reliablie ore supply, however I do not think this is an insignificant release...

IF, this is true and GER is finally getting traction witht the smaller artisinal miners it is a big step forward... this is how companies like Dynacor started 25 years ago in Peru ... I think it can be tough going getting accepted by the local groups and hopefully they can bring on the other 750 artisnal miners mentioned in the agreement. 

Again, IF this is true and works out... they can build the base with ore flow, and really making a difference in the local communities, etc. get rid of mercury and create solid jobs. 

Now, is this the difference making new GoldenOrb had from Jean? Not sure, but I think that news is probably the completion of the drill rig program in the next few weeks and pending drill results ... which I think are probably a while out as they cannot realease news from unaudited inlab testing and have to send to 3rd party lab (lapiastre),, which with the back-logs from miners all over the world sending in record amounts of assays during covid, is goign to take a while ... 

Hopefully they can start makng some money in 2021, pay down the debt they have been accumulating, and maybe a Miricale happens ..... because we need one... and they actually complete drilling ... hit a shallow decent ore body and can start building mounds of ore on site and cannot keep up processing. 
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