Glen Eagle Resources Reports Weighted Average Tailings Assays of 5.12 G/T Gold from the La Libertad/Santo Domingo Tailings Pr...
27 Août 2013 - 2:30PM
Access Wire
Glen Eagle
Resources Inc. (Montreal, QC, August 27,
2013; TSX VENTURE EXCHANGE: GER) ("Glen
Eagle" or the "Company") is pleased to
announce assay results from 12 areas of tailings deposition in the
villages of La Libertad, Chontales, Nicaragua and Santo Domingo,
Chontales, Nicaragua. A total of 32 areas were examined with an
auger sampling program incorporating 93 separate auger holes. The
12 areas herein described incorporate a total of 26 of these auger
holes totaling 42.40m. The auger program was designed 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. Results (Table 1;
below) show that the weighted average values for the Areas herein
described are 5.12 g/t gold, 11.38 g/t silver, and 12.22 g/t
mercury from the 47 samples taken from the auger holes.
Table 1: Auger Hole Weighted Average
Assay Results from La Libertad, Nicaragua
----------------------------------------------------------------------
|Area |HoleID|Depth (m)*|Au (g/t)|Ag (g/t|Hg (g/t)|
|--------------------------------------------------------------------|
|Area 1 – 3 holes |01-1 |1.75 |2.56 |15.14 |13.16 |
|--------------------------------------------------------------------|
| |01-2 |1.95 |2.60 |14.60 |15.59 |
|--------------------------------------------------------------------|
| |01-3 |1.00 |2.37 |7.74 |7.72 |
|--------------------------------------------------------------------|
|Weighted Average Area 1 | | |2.51 |12.49 |12.16 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 3 – 1 hole |03-1 |1.45 |5.66 |36.60 |13.64 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 4 - 1 hole |04-1 |2.60 |3.91 |4.11 |8.64 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 7- 2 holes |07-1 |2.20 |6.55 |4.73 |16.20 |
|--------------------------------------------------------------------|
| |07-2 |1.00 |5.59 |9.18 |11.71 |
|--------------------------------------------------------------------|
|Weighted Average Area 7 | | |6.07 |6.96 |13.96 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 11 – 6 holes |11-1 |1.00 |2.61 |2.88 |5.83 |
|--------------------------------------------------------------------|
| |11-2 |1.80 |5.21 |7.31 |11.29 |
|--------------------------------------------------------------------|
| |11-3 |1.40 |3.50 |5.37 |9.96 |
|--------------------------------------------------------------------|
| |11-4 |1.50 |2.22 |2.82 |4.91 |
|--------------------------------------------------------------------|
| |11-5 |2.05 |3.73 |52.96 |14.62 |
|--------------------------------------------------------------------|
| |11-6 |2.00 |6.69 |2.53 |18.11 |
|--------------------------------------------------------------------|
|Weighted Average Area 11| | |3.99 |12.31 |10.79 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 12 - 1 hole |12-1 |2.23 |8.67 |15.93 |26.73 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 13 – 1 hole |13-1 |0.90 |8.38 |11.99 |12.09 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 17 – 2 holes |17-1 |2.60 |2.83 |2.89 |9.11 |
|--------------------------------------------------------------------|
| |17-2 |3.05 |4.75 |4.34 |17.21 |
|--------------------------------------------------------------------|
|Weighted Average Area 17| | |3.79 |3.62 |13.16 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 22 – 1 hole |22-1 |1.05 |2.39 |1.98 |7.92 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 23 – 2 holes |23-1 |0.65 |4.89 |9.14 |18.34 |
|--------------------------------------------------------------------|
| |23-2 |2.00 |6.98 |17.84 |22.22 |
|--------------------------------------------------------------------|
|Weighted Average Area 23| | |5.94 |13.49 |20.28 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 24 – 2 holes |24-1 |1.05 |3.56 |4.49 |6.41 |
|--------------------------------------------------------------------|
| |24-2 |0.50 |3.18 |2.66 |5.65 |
|--------------------------------------------------------------------|
|Weighted Average Area 24| | |3.37 |3.58 |6.03 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 25 – 2 holes |25-1 |2.30 |5.13 |10.49 |6.52 |
|--------------------------------------------------------------------|
| |25-2 |1.50 |11.34 |26.72 |12.05 |
|--------------------------------------------------------------------|
|Weighted Average Area 25| | |8.24 |18.61 |9.29 |
|--------------------------------------------------------------------|
| | | | | | |
|--------------------------------------------------------------------|
|Area 27 – 2 holes |27-1 |1.40 |4.23 |7.67 |3.71 |
|--------------------------------------------------------------------|
| |27-2 |1.47 |3.15 |4.83 |4.69 |
|--------------------------------------------------------------------|
|Weighted Average Area 27| | |3.69 |6.25 |4.20 |
----------------------------------------------------------------------
*Depths indicated are the minimum
thickness of tailings piles.
Areas 1 to 29 are individuals owning
lots in or close to La Libertad where tailings are found in
discrete quantities. The number of auger holes varies per area, and
depends on the lateral and vertical extent of tailings that can be
easily sampled and for which a hole spacing of at least five metres
is possible. Areas 30 to 32 are in or close to the village of Santo
Domingo. Data for the remaining 19 areas, incorporating the
remaining 68 drill holes, is awaited, and will be released when
received and analyzed.
Samples were transported from the
secure storage facility in La Libertad to the ISO/IEC 17025-
accredited Bureau Veritas preparation lab in Managua, Nicaragua.
Pulps were sent to Bureau Veritas Acme Laboratories Inc in
Vancouver, British Columbia for Aqua Regia digestion followed by
assay using IF30 Ultratrace ICP MS on a 30g split.
Jim Steel MBA P.Geo. is the
Qualified Person under NI 43-101 and has read and has approved the
technical content of this news release.
For the
latest information about Glen Eagle, please visit
www.gleneagleresources.com
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
"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."
Glen Eagle Resources (TSXV:GER)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Glen Eagle Resources (TSXV:GER)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
