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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

Glen Eagle Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mining properties. The Company is engaged in the production of gold and silver from the purchasing and processing of material in Honduras. Its activities also consist of owning mining concessions in Honduras where it intends to proceed with an exploration and evaluation program. Its La Cobra property is composed of one claim covering approximately 775 hectares and located in the Valle Department, Honduras. It has three areas of interest for lithium, in the Lebel-sur-Quevillon area: Lessard property, Perigny property and Nicobi property. The Nicobi property is characterized by a one km long lake-bottom lithium anomalies varying from 33 to 45 ppm of Lithium. The Perigny property is characterized by seven km long lake-bottom lithium anomalies varying from 19 to 26 ppm of lithium. It is also looking for exploration and evaluation activities located in Quebec, Canada.


TSXV:GER - Post by User

Bullboard Posts
Post by longrider1964on Jan 14, 2011 5:40pm
297 Views
Post# 17975569

timeline

timelineYeah talked to the president very nice guy and he expects initial resource estimate by middle of feb and the 43-101 by early march the feasablitity and engineering study is pretty much ready to go just needs some tweeking this property was almost put into production 10 years ago but for a different use lithium was gonna be used for high end glass making computer screens etc but has a trace of iron ore and for glass can't have any the trace is fine for battery use so nice little bonus for us! he says 25-30 million to get into production but wants to try and double or triple resource as then the property really starts to look attractive and $75-100 million price tag is not unreasonable cant wait for the second round of drill results as they could be a major catalyst to much higher share price GLTA in 2011

Longrider 
Bullboard Posts