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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

Post by gemsearcher2on Jun 17, 2021 4:14pm
110 Views
Post# 33405952

Just to clarify a bit and comment further!

Just to clarify a bit and comment further!What i meant by saying that Jean seems to have been doing his job as a CEO was that he has been looking for alternate methods to bring some greater value to this company and that is what a good ceo does!,, A lot of them simply draw a salary and sit on their laurels and accept the status quo.. but Jean appears to have some vision and that is a good thing for sure!

Also,,, in the interview he addressed somewhat the drilling program that was initiated but never finished and it was a bit of a relief to hear him talk about it,
Only about 1000 meters have been completed to date and now i undertand the reason for the delay and actually suport his decision to suspend drilling until they can get the rig onto the ground they are most interested to drill.
He mentioned some "social issues" in this regard and i take that to mean they are being prevented to enter their own concession (where they want to drill) by potentially hostile miners.Sounds kinda bad but again if he was to force the issue then it would probably disrupt the path of negotiating that they are trying to use so that they don't burn bridges in a big way in that area.
It's a bit of a tough spot to be in for sure but then he mentioned that there is potentially some new available ground they may be able to make a deal on. My point again is that he appears to be trying really hard to work things out so GER can finally become a bona-fide small scale miner.

I would think Alp Bora will be the guy setting up the new Cycladex circuit... at least that sounds like his line of work.. so i hope that gets done in the near term.
Ok!. i know it's a wait and see situation here but it appears that they are getting the ducks more aligned now that ever before... Jean called a "turnaround year for GER"... sure hope so!
tks!..gs2
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