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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 cheapinskion Feb 04, 2013 9:21am
174 Views
Post# 20933085

NEWS!!

NEWS!!


Glen Eagle Intercepts 58.5 Meters P205 Grading 6.0% at Moose Lake

 
Glen Eagle Intercepts 58.5 Meters P205 Grading 6.0% at Moose Lake

MONTREAL, QUEBEC--(Marketwire - Feb. 4, 2013) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to report more results from the drilling program (2074 meters) carried out last fall on its Moose Lake phosphate project. The drill holes were positioned 100 meters apart and were drilled to a depth of 100 meters. The drill program was designed to test the continuity of the deposit over 1.1 km East/West by 300 meters wide North/South.

Drill holes LO-12-27, LO-12-28, LO-12-33, LO-12-36 and LO-12-38 were located at the north end of the deposit to test the down dip extension of the phosphate mineralization. Drill holes LO-12-36 and LO-12-37 ended in strong mineralization with LO-12-33 not intercepting mineralization probably due to a change of dip of the phosphate-bearing unit. Drill holes LO-12-24 and LO-12-31 were infill holes. LO-12-37 and LO-12-39 did not intersect the phosphate unit and are believed to have been drilled in an intrusive formation which may have cut temporarily the mineralized zone. To the exception of the South zone, the deposit still remains open in all directions and at depth.

 

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