Glen Eagle: Corporate Update on Honduras
MONTREAL, QUEBEC--(Marketwired - Feb 24, 2015) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that its processing plant in Honduras is now operational 12 hours per day on a continuous basis. Preparations to implement a second shift and have the plant operating 24 hours per day is in progress. Further details about production will be given in early March when the company expects to pour its first gold bar.
Cobra Oro de Honduras is located approximately six hours away overland from Sandgold's plant in La Libertad, Nicaragua. Future samples from La Libertad will be sent to Cobra Oro's facilities in Honduras for analysis and fire assays. This will help Sandgold to make better and faster decisions and eliminate long delays caused by the samples being sent to Canada.
The company hopes to bring a detailled corporate update on Nicaragua sometime by mid March.
Neither the 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.