Glen Eagle Resources Inc V.GER

Alternate Symbol(s): GERFF

Metals & Mining Industrial Metals & Minerals

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.

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Glen Eagle Resources Inc

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Comment by GoldenOrbon Dec 07, 2017 8:24pm

87 Views

Post# 27114254

RE:RE:RE:RE:RE:RE:RE:RE:RE:Situation Honduras

                Hugh money is being syphoned off through Bitcoin and interest rates are expected to rise. The tax season has hit gold stocks particularly hard.
                I see no buyout anytime soon, but if GER can exponentially expand their capacity & the La Cobra concession has a Lode of high grade gold with 1/2 to 1 million oz M/I a buy out would seem very possible. The most attractive aspect of a buy out is high M/I reserves which for GER are still in the proving at this point.
                 News release coming shortly.

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