Glen Eagle Resources Reports Tailings Assays Grading to 6.22 grams Gold and 42.2 grams Silver from La Libertad, Nicaragua
06 Août 2013 - 2:30PM
Access Wire
Glen Eagle Resources Inc. (Montreal,
QC, 5 August 2013) is pleased to announce assay results from nine
auger split samples of tailings piles in the villages of La
Libertad and Santo Domingo, Chontales, Nicaragua. Values in gold
range from 1.47 g/t to 6.22 g/t, with values in silver ranging from
1.6 g/t to 42.2 g/t.
The nine samples reported below were
taken as splits from auger hole samples from the recent tailings
drilling program in the two villages. Splits were chosen based on
the range of color differences in the tailings, and are being used
to study the occurrence of free gold, relict sulphides, and relict
gold-bearing mercury left in the tailings as a result of the gold
amalgamation process in use in La Libertad and Santo Domingo.
Tailings are very fine grained and homogenous, with color being the
only characteristic by which tailings piles may be distinguished
aside from location in either locale.
Click image to see full size.
Gleneagle Resources Inc. CEO Mr.
Jean Labrecque said "it is worth noting that these are reference
values specifically for studies designed to understand the
occurrence of metals in the tailings and whether the colour of the
tailings can be used in any way to distinguish tailings piles."
The sample with the best gold/silver
grade of 6.22 g/t gold and 42.2 g/t silver came from a hole at the
San Gregorio target near Santo Domingo, and is described as a dark
brown (with RGB values of 96/74/63). The next best sample with
grades of 3.96 g/t gold and 5.65 g/t silver is described as a light
tan with RGB values of 18/35/80, is the lightest in colour of all
the samples, and which is the dominant colour of tailings in La
Libertad. The darkest sample (described as black), with RGB values
of 115/153/96 was 599801, which also showed the lowest values of
gold and silver.
The recently completed auger
drilling program tested 93 tailings piles in 32 areas within La
Libertad and Santo Domingo. Holes ranged from 0.6m to 4.8m, with
final depths frequently defined by intersecting extremely wet
tailings which would cause the hole to collapse before reaching the
ground surface. Some 215 samples were taken from auger drilling and
have been submitted for assay; results will be reported when
received.
Samples were transported from the
secure storage facility in La Libertad to ISO/IEC 17025-accredited
Agat Laboratories Inc. in Mississauga, Ontario by the QP. Gold
content was determined using Fire Assay- Trace Gold, ICP-OES
finish, while silver content was determined using Aqua Regia
digestion with ICP/ICP-MS finish.
.
Jim Steel MBA P.Geo. is the Qualifed
Person under NI 43-101 and has read and has approved the technical
content of this news release.
Jean Labrecque, President
Glen Eagle Resources Inc
999 De Maisonneuve West
Suite 725
Montreal, Quebec
Toll free: 1-855-229-4488
Website:
www.gleneagleresources.com
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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."
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