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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 Apr 22, 2013 11:43am
95 Views
Post# 21289497

clq update.....

clq update.....

TORONTO, April 22, 2013 /CNW Telbec/ - Canada Lithium Corp. ("Canada Lithium" or the "Company") (TSX: CLQ) (U.S. OTC: CLQMF) announced today that commissioning of the hydrometallurgical plant at the Québec Lithium mine near Amos, Québec is ongoing after the visit by the Canadian Standards Association (CSA). This means that the entire hydrometallurgical circuit can now be tested and that limited lithium carbonate production will commence.

An inspector from the Canadian Standards Association (CSA) completed the latest stage of the CSA inspection protocol on Friday, April 19. The next stage of the process is for the company to relocate a flow meter instrument, replace some manual operating valves and monitoring equipment and then issue updated process drawings and documentation. All of this equipment is readily available in Canada. Upon completion of this work, which will require a partial shut down of the kiln this week, CSA will return to site for a final inspection.

The Company had anticipated that first production would occur in late March and first deliveries of lithium carbonate to its Chinese off-take partner, commodities trader Tewoo ERDC, would be achieved by late April. However, due to the CSA inspection process, delivery times will be set back and are currently being re-scheduled. The Company continues to expend working capital during these delays to the commissioning schedule and continues to work with the kiln designers, suppliers and CSA to expedite this approval process.

the release is a little contradictory the way I read it.......delays, delays, delays.

Bullboard Posts