Glen Eagle Resources Main Ore Supplier Hits Super Enrichment Ore Zone
07 May 2020 - 11:00PM
Glen Eagle Resources (TSX VENTURE: GER) (“Glen Eagle” the
“Company”, or “GER”) is pleased to announce that Minera Moloncasa
SA, an important ore supplier to Cobra Oro gold processing plant
has found a super enrichment zone (often called “bonanza” locally)
while working on a crosscut to bridge the main shaft serving its
artisanal underground mine.
Rock samples coming from the enrichment zone
were extracted from the bottom of the mine and displayed by Glen
Eagle’s President in the following link.
https://gleneagleresources.ca/properties/#RockSample
One of the sample was placed on a newspaper to
record the date of the event. Says Jean Labrecque, President of
Glen Eagle : “The sheer size of the rock and its gold content was a
miner’s dream come true. To have had the opportunity to hold in
your hand such a rare specimen, possibly containing several
thousand grams gold per ton, and knowing that it was extracted by
your main ore supplier in the vicinity of the concessions recently
acquired by the Company is a unique and very encouraging
experience.”
Indeed, the Piedra Dorada and Moloncosa
concessions are immediately adjacent in a north-north-west
formation that runs parallel to the mine. Both projects offer blue
sky potential for exploration and drilling.
As a result, the Company expects to receive
higher volume and better grade ore to feed its gold processing
plant as the crosscut will rapidly evolve into an open ramp to
extract higher grade ore and larger volume from the underground
mine. The mine belongs to a local family and has been in operation
for more than 25 years.
https://gleneagleresources.ca/video/#Moloncosa
Gilles Laverdière, P.Geo and a Qualified Person
under NI 43-101 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, PresidentGlen Eagle Resources
Inc4710 St-Antoine Street, Suite 308Montréal (Québec)CanadaTel:
514-808-9807
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