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04/8/14 - C$0.23
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glen eagle resources inc (GER) Details

Glen Eagle Resources Inc. engages in the acquisition, exploration, production, development, and operation of mining properties in Canada. The company primarily explores for phosphate and lithium. It principally holds interests in the Authier lithium project, which is located in Lamotte, Quebec; and Moose Lake and Lac Lisette phosphate properties that are located in Lac St-Jean area, Quebec. The company was formerly known as Temoris Resources Inc. and changed its name to Glen Eagle Resources Inc. in August 2008. Glen Eagle Resources Inc. is headquartered in Montreal, Canada.

glen eagle resources inc (GER) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$114.0K
Chief Financial Officer, Director and Member ...
Total Annual Compensation: C$80.4K
Compensation as of Fiscal Year 2013.

glen eagle resources inc (GER) Key Developments

Glen Eagle Resources Inc. Provides Update on Drilling Programs

Glen Eagle Resources Inc. announced that the drilling programs at the Authier Lithium and Moose Lake phosphate projects have been in preparations since late October. Each project has received an allotment of 2,000 meters of drilling. With both programs, the company is implementing its objectives describe in the Management Discussion and Analysis (MDNA) section of its latest financial statement whereby Glen Eagle has made a commitment to develop all its assets in projects encompassing gold, phosphate and lithium. The company announced that all its properties and concessions are in good standing and net of any debt as of this writing in a rather exceedingly difficult market. The properties include Lac Lisette and Moose Lake phosphate projects, Authier Lithium project (near feasibility study) and La Libertad gold project in process to be in production.

Glen Eagle Resources Inc Announces Upcoming Drill Program on its Authier Lithium Project

Glen Eagle Resources Inc. announced an upcoming drill program on its Authier Lithium project near Val d'Or, Quebec. The program is aiming at a minimum of 2,000 meters of drilling and will be based on the recommendations made in the Pre Economic Assesment Report (PEA) and the Environmental Study elaborated by the Dessau Group. The Authier Project was defined as having a 10 year mine life at a production rate of 2,200 tons per day to make a spodumene concentrate (6% Li(sub)2(/sub)O) from the mineral resources (measured/indicated) contained in the open pit structural design based on a Lerchs-Grossmann optimized pit shell. Some of the best values and widths were intercepted in previous drilling at a depth of 100 meters. The upcoming drill program will be designed to verify the potential for enrichment of the deposit at depth of 100 to 150 meters while testing the along strike and down-dip extension of the mineralized pegmatite dyke. Additional metallurgical testing will be undertaken on representative mineralized sample in order to validate the historical recovery rate and concentrate grade reported in previous metallurgical tests to better refine the concentration flowsheet using the latest metallurgical technology. The tests will also verify if the spodumene concentrate is amenable to lithium metal (Li) which would bring an important added value to the project. By implementing the above, the company is complying with several recommendations made by SGS Canada Inc. in their PEA to advance the Authier Lithium Project one step closer towards a Feasibility Study and supports the company's past and present vision to advance a project based on a commodity with good growth potential.

Glen Eagle Resources Inc Reaches Gold Recovery of 70% from the La Libertad, Nicaragua Tailings Project

Glen Eagle Resources Inc. announced that based on latest laboratory results, gold recovery have reached 70%, which was the original goal of the Company at the inception of the Nicaragua project when the company started the optimization process in early March, 2014. Mercury recovery was approximately the same as gold while the company's objective is to reach 80%. The data is based on the last 12 tonnes of tailings being processed with latest equipment recently brought on site. The company plans to process another 1,000 tons of tailings to ascertain the variability of the latest results before going to full commercial production, which could start as early as September if recovery remains consistent with previous results.


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