Glen Eagle Resources Inc GERFF

Primary Symbol: V.GER

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 > Q3

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Comment by lapiastreon Nov 10, 2022 4:36pm

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Post# 35089759

RE:RE:RE:RE:RE:RE:RE:Q3

let say; 150t/d X 300 d = 45 000t 45 000t X 3g/t = 135 000g 135 000g / 33g per ounce = roughly 4000 ounces per year, and this being conservative imo. 4000 oz X 1800$ = >7 m. With cycladex i believe we would be closer to tye 200t per day. That would represent around 5000oz per year at low grade (3g/t)

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