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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
Comment by lanablueon Dec 20, 2012 2:19pm
112 Views
Post# 20756962

RE: RE: Lithium depths

RE: RE: Lithium depths

Here's part of the old news release: 

 

 New Lithium-Bearing Pegmatite Horizon Discovered on Authier
 
MONTREAL, QUEBEC--(Marketwire - Jan. 5, 2011) - Glen Eagle Resources Inc. (TSX
VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that, following the
completion of a magnetometer survey and interpretation of historical drill holes, a new lithiumbearing
pegmatite horizon extending over a length of 2.2 km was discovered on the Authier
property. The main pegmatite holding the actual deposit has been drilled historically over a limited
strike length of 600 meters. Furthermore, the survey also showed that the main pegmatite drilled
last fall occurs on the north limb of a peridotite intrusion within a low magnetic unit that crosses the
property over a similar length.
Two historical holes drilled 1,000 meters apart intersected 5 and 10 meters of pegmatite containing
5 to 30% spodumene. A pegmatite zone of at least 200 meters in length was also found on surface
at approximately 250 meters east of one of the holes. The magnetic survey also shows that these
new pegmatites seem to occur on the north limb of peridotite intrusions. The survey also revealed
many of these intrusions on the property.
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