Sampling Confirms the Presence of High Grade Gold at La Cobra
MONTREAL, QUEBEC--(Marketwired - Jun 1, 2017) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that Cobra Oro de Honduras, a wholly owned subsidiary of Glen Eagle, has initiated a preliminary sampling program at the past-producing La Cobra mine, its newly acquired mining concession (see News Release of May 17 2017).
Three random grab samples were taken from a stockpile located near the entrance to the underground mine and returned the following values; 6.1, 18.9 and 32.5 grams gold per tonne. The stockpile, based on historical data, contains approximately 10 000 tons of quartz material. Sampling it both on surface and where accessible underground is a priority of the upcoming exploration program.
"This early sampling is only the start", said Glen Eagle CEO Jean Labrecque, "of a detailed exploration program designed to quantify surface stockpiles and underground vein exposures on a lithological and metallurgical bases for processing through the Company's Cobra Oro gold mill.
Gilles Laverdière, P.Geo and a Qualified Person under NI 43-101 has read and approved the technical content of this news release.
For the latest information about Glen Eagle, please visit www.gleneagleresources.com.
A qualified person has not done sufficient work to classify the tonnage estimate based on historical information, as current resources; and the Company is not treating the historical tonnage estimate as a current tonnage estimate nor resources.
"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."