Glen Eagle Resources is pleased to report that the private placement closed on December 29, 2021, was mostly purchased by three shareholders with international exposure to the mining industry. These shareholders own a combined 14 million shares and have taken an active role in assisting the Company in shipping, credit facilities, spare parts logistics and on time delivery. With their added participation, approximately 65 [...]
Glen Eagle Resources Inc. is pleased to announce that it has closed its previously announced private placement pursuant to which it has issued an aggregate of 5,142,855 units of the Corporation at a price of $0.07 per Unit to raise aggregate gross proceeds of $360,000 . Each Unit of the Offering is comprised of one common share of the Corporation and one Share purchase warrant , entitling the holder to acquire one [...]
Glen Eagle Resources Inc. is pleased to announce that it agreed to issue 4,045,066 Shares on a "shares-for-debt" basis in settlement of debts of $250,000 owing to Mr. Eric Sprott and Mr. Denis Lavigueur . The Debt Shares are being issued at a deemed price of $0.0821 per share, in accordance with the policies of the TSX Venture Exchange . The issuance of the Debt Shares to the Creditors will constitute a "related party [...]
Glen Eagle Resources is pleased to announce that from September to year end, the Company will have sold approximately CDN $1,000,000 dollars in dore bars and projecting to double its sales in Q1-2022 based on the feed and grade discovered at La Esperanza II. The values intersected are summarized for the first time in the table below and detailed in prior News Releases dated November 24 and December 9, 2021. Hole # From To [...]
TheNewswire - Glen Eagle Resources - December 9, 2021 is pleased to announce its latest drilling results on the gold enrichment zone discovered at La Esperanza II with drill hole LE-21- 003 intersecting 5.65 g/t Au over 18 meters of true width, including 9.21 g/t Au over 9 meters from surface. The new data confirms the thickness of the vein from previously reported drill hole LE-21-002, which intersected 3.04 g/t Au over [...]
Glen Eagle Resources, is pleased to announce that the ramp-up operation has progressed very successfully throughout the month of October at Cobra Oro gold processing plant in Honduras according to Karl Trudeau, Glen Eagle newly elected COO. Recovery results for gold were 88.99% and 67.55% for silver, allowing the Company to nearly cover its operation cost despite a GPT of 1.93 g/Au per ton, demonstrating to our [...]
Glen Eagle Resources is pleased to announce that a new enrichment zone was discovered at La Esperanza II with drill hole LE-21-001 returning 6.04 g/t Au over 8.2 meters in a gold bearing quartz vein found on surface. The hole was stopped due to the crossing of an unknown drift while drilling. Drill hole LE-21-002 intersected on surface 3.04 g/Au over 30.8 meters and remains open at depth. True width of the vein will be [...]
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 [...]
Glen Eagle Resources Inc. 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 [...]
Glen Eagle Resources Inc. 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 [...]
Glen Eagle Resources Inc. is pleased to announce that the appointment of Karl Trudeau as Chief Operating Officer has already brought major changes at Cobra Oro gold processing plant, Cobra Oro being a wholly owned subsidiary of the Company. Karl was instrumental in bringing a full time Canadian mechanic and part time metallurgist to address technical problems at the plant. As a result, Cobra Oro has witnessed over the [...]
Glen Eagle Resources. is pleased to announce that it has closed its previously announced private placement pursuant to which it has issued an aggregate of 14,285,713 units of the Corporation at a price of $0.07 per Unit to raise aggregate gross proceeds of $1,000,000 . Each Unit of the Offering is comprised of one common share of the Corporation and one Share purchase warrant , entitling the holder to acquire one [...]
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