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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 gemsearcher2on May 05, 2021 3:30pm
66 Views
Post# 33133942

RE:The company needs to achieve..............

RE:The company needs to achieve..............They have been thru a lot no doubt.. but they have begun to make some definite foreward progress it seems, particularly with the new ore supplier groups and a better grade of ore than historically and having refurbished the plant quite a lot and now getting a decent inventory of important and necessary spare parts to keep the plant up and running may well represent a turn-around period for this company.
I know it seems we have heard it all before and perhaps a lot of it we have but when we get updated and it shows that things are actually being done as they have stated then we will surely see sp appreciation i am confident.
FWIW i am underwater dollarwise a fair amount at this time but not very far down shareprice-wise so i hold on with the belief that i`ll get my money back and then some!

Concerning the upcoming rainy season--yes... not far off but with the new NSA supplier`s partner being only 40 minutes away and near the main hiway is supposed to allow year round ore delivery and that will also be a first.
Concerning the drilling progress, i think it must have been suspened or something, maybe we will hear more about that but there is no way it can take 11 months to drill 2000 meters! lol
I`m leaning to believe they did not intersect anything signicicant, otherwise we would have surely heard about it by now!
glta..keep the faith all ! :-)
gs2
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