Glen Eagle Acquires Piedra Dorada Mining Concession
27 Avril 2020 - 3:34PM
Glen Eagle Resources Inc. (TSX VENTURE: GER) (“Glen Eagle” or the
“Company”) is pleased to announce the acquisition of Piedra Dorada
mining concession located in the rich mining district of El Corpus
in Honduras. The acquisition is the result of several years of
negotiations with known suppliers in the area who have recognized
the contribution and communication efforts of Glen Eagle within
their community.
The property, 100% owned by the Company, was
acquired at no cost by engineering a swap between La Cobra and
Piedra Dorada mining concessions, allowing Glen Eagle to relocate
in a safe and friendly mining district that is currently providing
the ore supply to Cobra Oro gold processing plant.
The concession is easily accessible all year
long by the main road and covers 10 square kilometers of land
located in the center of a 25 km wide corridor known to contain
highly elevated gold values.
https://gleneagleresources.ca/properties/
The corridor is aligned along a
northeast-southwest that is parallel to several strong topographic
lineaments. The trend is also accompanied by broad zones of intense
alteration and extensive gold veins running throughout the area and
along side Piedra Dorada. The links attached to this news release
give an interesting view of the local geology and various mining
activities in the vicinity of the property.
Rock samples taken at random by Cobra Oro
employees from different open pit locations in the area regularly
averaged 4 grams gold per ton based on the Company’s laboratory
test results. The immediate task regarding Piedra Dorada will be to
delineate large intrusion targets already identified by local
miners and to sample visible showings on the concession.
For more details illustrating the strategic
geographic location of the concession in relation to Cobra Oro gold
processing plant, suppliers, open pit bulk sampling and artisanal
workings, clink here:
https://gleneagleresources.ca/properties/#PiedraDoradaMining
Jean Labrecque, PresidentNeither 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 Inc4710 St-Antoine Street,
Suite 308Montréal, QuébecCanadaTel : 514-808-9807
Glen Eagle Resources (TSXV:GER)
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