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Glen Eagle Resources Inc GERFF


Primary Symbol: V.GER

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 Nov 27, 2022 9:31am
93 Views
Post# 35131826

RE:RE:friday night news release?

RE:RE:friday night news release?They decided to not crush empty rocks from the locals wich is ok for me. NSA didn't bring mineralized material as planned, so the contract have to be renegociate before going forward with them, wich is ok for me.
There is this GEM legal battle that still piss off, but from what i see, it might be coming at the time where we GER can pay for this having sold the phosphate prop. Let see what the regulators think about this transaction around GEM claim, and maybe GER will get there money back. They already deposit this money from what i understand, even if the legal matter is still developping, wich is ok for me since it is already paid for. 
After all, when you look at operation for the time they run the plant, it is obviously improving. There is issue surrounding lab testing, wich is a big part of why we ended up with empty rocks, and piedra dorada accessibility that honduran ministry of mine holding back the transaction approval for whatever reason they have. Anyone with contacts down there who can put pressure to accept the transaction between cobra and piedra dorada ?? Then maybe we could have decent grade and secured material supply....
Hopefully Jean can bring better material to the crusher.
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