Glen Eagle Resources Starts Drilling La Esperanza
Glen Eagle Resources – TheNewswire – October 26, 2021 – (TSX V :GER) (OTC: GERFF) (“Glen Eagle” the “Company”, or “GER”) is pleased to announce that it is completing the 2000 meters drilling program previously reported in a News Release dated May 7, 2020. The program was initially prepaid and has been reactivated with 1000 meters left for completion.
The Company has chosen the Esperanza deposit as the best area to finish its drilling program given the fact that the current location is feeding Cobra Oro gold processing plant. Cobra Oro operates in Honduras as a wholly owned subsidiary of Glen Eagle Resources.
Recent stripping over an area covering 15,000 square meters has exposed a network of quartz veins up to 2 meters in thickness. The veins are found within ankerite-limonite altered volcanic rocks returning occasionally values as high as 13 grams gold per ton from random samples analyzed at Cobra’s laboratory.
Based on the last dore production of recent weeks, an averaged of 2.5 grams gold was recovered from approximately 1000 tons excavated at large from the deposit. The drilling program aims at providing a better knowledge of the mineralization and bring a greater level of certainty regarding the ore being hauled to the plant. The program will also help to determine if an open pit operation can continue to be deployed on a larger scale that would warrant further exploration, drone surveys and geological studies.
Gilles Laverdière, P.Geo, has read and approved the technical content of this News Release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ”
Jean Labrecque,
President
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Québec
J4S- 1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home
Glen Eagle Reports Excellent Gold Recovery Results
TheNewswire – October 13, 2021 – Glen Eagle Resources Inc. ( TSXV:GER) (“Glen Eagle” or the “Company”) is pleased to announce additional information resulting from the ramp-up operation at Cobra Oro and the latest data received from the metallurgical balance produced by Armando Gabriel Aguilar, professor of metallurgy at the University of Guadalajara Polytechnic School. Mr. Gabriel Aguilar, an external consultant to several mining companies was recently hired by Glen Eagle to supervise Cobra Oro metallurgical process.
Results from the metallurgical balance indicates an average recovery of 87% throughout the system combined with an efficiency rate of 98% at the filter press. The Company is very pleased with these results and cannot expect to be much better due to the high silver content within the ore currently being processed. Silver recovery will be reported later this month.
To further improve Cobra’s operations, the Company is in progress to hire a Chief Mechanic and Head of Laboratory. They both will join a full time Canadian consultant who has been supervising Cobra’s operations in Honduras for the last two months. Karl Trudeau comments : « The Team that we have put in place to improve Cobra Oro ramp-up operations, including local employees is already making the difference and increased throughput will be facilitated greatly by the end of the rainy season later this month. latest smelting
Jean Labrecque, President
Glen Eagle Resources Inc
2075 Victoria Street
Suite 201
St-Lambert, Québec
J4S- 1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home
Glen Eagle Reports on Operations and Smelting
TheNewswire – October 5, 2021 Glen Eagle Resources Inc. – ( TSXV:GER) (“Glen Eagle” or the “Company”) is pleased to announce that the recent ramp-up of its operations at Cobra Oro’ s gold processing plant in Honduras, a wholly owned subsidiary of the Company, have yielded excellent results which are reflected by the least downtime ever since the inception of the plant five years ago.
Karl Trudeau, COO, comments: “All efforts have been put in place to properly ramp-up the plant in a professionnal way involving the revision of the primary crushing system, the realignment of the ball mill gear system and maintenance of the pumps, including the main vacuum pump system leading to the Merrill Crowe gold precipitation process.”
Indeed, downtime caused by mechanical failures has been very rare in the past two months and should improve further with a substantial amount of spare parts expected to be delivered in the near future. As a consequence of these major improvements, Cobra Oro is adding a third shift to production and working closely with its ore providers to increase tonnage and grade for better throughput.
In conjuction to the ramp-up, the Company was able to smelt a dore bar valued at approximately $170,000 Canadian dollars representing three weeks of production time. Additional data on gold-silver recoveries and production throughput will be released when the Company receives its upcoming metallurgical balance.
Jean Labrecque, President
Glen Eagle Resources Inc
2075 Victoria Street
Suite 201
St-Lambert, Québec
J4S- 1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home
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