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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

Comment by lapiastreon Dec 10, 2021 4:56am
97 Views
Post# 34217522

RE:just to clarify..

RE:just to clarify..
Gemsearcher, there is 3 holes. Scroll a litle back up in the nr and you will see....001-002-003. I assure you Jean's estimate is good. Now, assuming a 100 t/day processing plant with end up with about a year of feeding frenzy with strong mineralized material. If they go cashflow positive with grade beung under 2 g/t , what will it be with a 6 to 8 g/t ? Can't wait to see what is the real size of the body just to give us an idea of how long we can feed the plan without being in a hurry, so we can start working on quebec phosphate property while having recurrent revenues. I hope all goes well and the long awaited investment start to pay off.
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