Glen Eagle files Material Change Report and NI 43-101 Technical Report
05 Novembre 2013 - 3:26PM
Access Wire
Glen Eagle files
Material Change Report and NI 43-101 Technical Report
Glen Eagle Resources
Inc. (Montreal, QC, 5 Novembre 2013; TSX
VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company")
has filed a Material Change for the transfer of Sand
Gold SA shares to Glen Eagle Resources. The shares, originally
owned by Jean Labrecque, Glen Eagle's CEO, were transferred to the
Company on October 6, 2013. The effective date for consolidation
purposes of its Financial Statement will be September 30, 2013. The
final transaction closes the announcement made in a previous News
Release dated May 9, 2013 which stated that the shares were in
process of being transferred.
Sand Gold's Technical Report on its
Tailings Project in Nicaragua is being filed on SEDAR November 5,
2013 and hosts a 43-101 compliant Inferred resource estimate of
64,793 tonnes of tailings grading 5.07 g/t gold, 11.86 g/t silver,
and 12.57 g/t mercury for a total of 10, 561 oz gold, 24,706 oz
silver and 26,185 oz mercury in 32 piles of gold-agglomeration
tailings at the La Libertad/Santo Domingo Tailings Project,
Chontales, Nicaragua. Of note: the Technical Report, Section 14.9
states that "barring the issues with the surveyor, the tailings
resource in La Libertad and especially Santo Domingo would easily
reach an Indicated level of confidence according to CIM definition
standards".
The Company wishes to reiterate the
unparalleled support that it has received from the Ministry of
Mines and Energy of the Republic of Nicaragua to advance the
Project by meeting several requirements on the technical and legal
aspects of the Mining Code. The Company is equally pleased to work
in Nicaragua based on a strong sense of moral and working ethics
which were clearly reflected within the Ministry of Mines, Ministry
of Environment (MARENA) and the people of La Libertad and Santo
Domingo.
Gilles Laverdiere, P.Geo., a
qualified person under NI 43-101 has approved the technical content
presented herein.
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
"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."
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