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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 Dec 09, 2021 10:51pm
188 Views
Post# 34217140

just to clarify..

just to clarify.. in my earlier post i stated that they would need at least 3 holes in order to get an idea of tonnage .. but i did not intend to sound like Jean or any ceo can make these estimates... they can't and it's not their job to do that... that is for the professioals to do.

But i was only trying to point out that on order for give some volume estimate (as Jean did)... he would need to have at least 3 holes to provide a measured base area and height in order to calculate a volume estimate. Jean had none of this and said the hole is open in all directions so why he said it would provide an additional 2000 tons i cannot comprehend and i know that he is not supposed to make those type of announcements without providing justifiable volume calculations.

So please i hope i was not misunderstood.. it was not intended to do anything other than draw into question the reasoning behind Jean's statement.

In my mind i like to think that this hole represents the possibility of a much larger resource and maybe it does... only more drilling can find that out for certain.

So i hope much success to all here and would love to see GER become a profitable mining operation with a good long term supply for years to come.
tks.. gs2
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