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 > News Release

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Comment by greasycheyon Feb 02, 2021 1:04pm

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Post# 32447855

RE:RE:RE:RE:RE:RE:RE:RE:RE:News Release

I agree with your thoughts GoldenOrb and hold the same sentiments towards this.

Maybe... just maybe... the stars are aligning here for 2021...

Core of Business Model - Artisinal Miners are contractually on board... meat & potatoes to feed the mill - FINALLY - (perhaps another 750 more to come on board)
Have concessions that no longer need negotiations for activites to take place & we have 2 Drill Rigs actively drilling a 2000 meter drill program at 50 meter intervals to test strike length - fingers crossed
The Covid debacle... blessing in disguise? Able to raise almost $ 900,000 in this tough situation ... optimized plant and hopefully lead times for equipment during this period ... and maybe just maybe we finally can start building ore stockpiles and feed the plant as it runs smoothly withoutbreaking down!
Timing is great for this contract... as currently in dry season next several months... so hopefully the company can build a large amount of stockpiles of raw ore at their facility, so when the raining season happens over summer, their is no slow down and the plant can keep processing ore without concern of mudslides, etc etc not allowing miners to deliver their ore??

One can dream??

I will hold and see how plays out.

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Sirios Resource discovers visible gold in Quebec