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https://gleneagleresources.ca/
 

 


 

 

 

Our Mission

To maximize shareholder’s value by being an increasingly profitable gold producer in quest to prove up sufficient mineral resources to support a PEA study on the company’s next exploration project.

Objectives

  • To grow revenues by increasing throughput with higher grade gold and tonnage.
    To add at least 1 mining concession to the company’s portfolio in Honduras.
    To prepare the foundations for a resource estimate 43-101 on the most promising concession.



     

Last News:

Glen Eagle Sees New Opportunities Developing In Honduras

Glen Eagle Resources, March 8, 2022 (TSX VENTURE: GER) (“Glen Eagle” the “Company”, or “GER”) has posted on its website a video showing the government’s position with regards to the mining industry in Honduras. The declaration states “that the companies operating with legal mining permits will continue their operations as usual but those working illegally or not compliant should be very concerned.” Glen Eagle applauds the leadership of the government.

Approximately 2000 small miners are working in the area where Cobra Oro is located. A majority of them are processing their ore using mercury for gold extraction and working without environmental permits.

Cobra Oro gold processing plant was originally built on the premises that the previous government would enforce the Minamata Agreement, which it signed in 2014 along with more than 100 countries to stop the use of mercury for gold extraction, a highly polluting metal, toxic and detrimental to people’s health living in the vicinity of these operations.

It was against this backdrop that Cobra Oro’ plant was built with the purpose to bring a solution to the small miners by having their ore brought to Cobra Oro and be processed in a regulated and safe environment.

The newly elected government of Xiomara Castro made environmental issues related to mining a central theme of her campaign, precluding a tougher approach towards illegal mining and permitting, which is welcomed by the Company and seen as opening many new opportunities to Cobra Oro in the near future and possibly vindicate the foundations upon which the plant was built originally.

Video of the government of Xiomara Castro

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: $6M Potential Windfall Using Cycladex Green Technology

 

Glen Eagle Resources, February 23, 2022 (TSX VENTURE: GER) (“Glen Eagle” the “Company”, or “GER”) announced in a news release dated June 15, 2021 that it was partnering with Cycladex to test an environmentally friendly technology that could better serve our mining suppliers by addressing a broader spectrum of mining needs, accelerating our leach time and improving recovery without affecting Cobra’s current operations.

Since then, the Company has remained in close contact with Cycladex, while conducting a due diligence process to better understand its technology. Tailing samples were sent recently to their laboratory for analysis. The ensuing results were excellent with an estimated 95% recovery or 1.5 grams gold per ton with a leach time of less than two hours.

The samples were taken close to surface and the Company is confident that 1.5 grams gold per ton is representative of the overall average grade contained in the tailing. It is also in line with regular sampling data collected over the years, including the information retrieved from nine drill holes conducted in tailing pond number three as part of the Company 2021 drilling program.

Cobra Oro gold processing plant was built and expanded to contain a total 50,000 tons of waste material based on the construction parameters of its three tailing ponds.

The numbers are quite significant as they would represent approximately $6M dollars of insitu recoverable gold with no toxic disposable byproducts, turning a liability into a potential asset.

Cycladex’s technology has been performing well on different type of ores and has been tested on batches of 20 tons and will be running additional pilot testing at Cobra Oro’s plant site.

The numbers quoted in this news release are based on in-house data and do not meet NI-43101 standards and can only be relied upon based on the information accumulated by the Company over the years and on the assumption that the results obtained from Cycladex laboratory can be repeated on larger scale.

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.”


 




 

 

Honduras
Map-honduras

GOLD PROCESSING PLANT IN HONDURAS

  • Cobra Oro de Honduras has been a gold producer for the last 2 years;
    Has reached commercial production in April 2017;
    An important plant expansion was completed in February 2018.

Glen Eagle is proud of being in Honduras, a country known for having vast untapped resources. Cobra Oro's gold processing plant is located in Choluteca, one of the fastest growth area in Honduras, known for its work force and safe environment.

The plant operates in a free zone adjacent to the Chamber of Commerce building, Pepsi's bottling plant and the Pan American Highway.

Honduras is also known for its "El Mochito" mine which has been in non-stop operation for the last 50 years until today. Two more mines in different parts of the country have also been in operation for the last 15 years.

No mining concessions have ever been confiscated in the country's entire history. The new mining law, effective in 2016, was another step taken by the Government of Honduras to further protect mining investments in the country.

Figure 1 - Central America Gold Trend

Figure 1 - Central America Gold Trend

Click Map to Enlarge

Figure 2 - La Moloncosa and Piedra Dorada Projects

Figure 2 - La Moloncosa and Piedra Dorada Projects

Click Map to Enlarge

The Piedra Dorada and La Moloncasa properties are located approximately 164 km south of the capital city of Tegucigalpa in Honduras. The properties are located 17 km to the east of Choluteca where Glen Eagle operates a 100/150 tons per day gold mill.

The properties are located within a Gold Trend (Figure 1) that follows the volcano belt of Central America and can be seen crossing southern Honduras along Glen Eagle’s concessions. This Gold Trend encompasses many of the larger gold mines in Central America which can be seen on the company’s website. These gold mines were formed at the time or shortly after the Island Arc type of volcanic activity, that is an important factor in the formation of epithermal gold deposits.

The properties are underlain by volcanic rocks. They are located close to the Gold Trend (Figure 2) and the Guayape Fault Suture (GPS). The GPS is an important feature related to the San Albino Mine Development Project of Mako Gold with 43-101 compliant gold resource of nearly 1 M oz. of gold. The former El Limon Mine and El Dorado Mine are known to contain respectively 1.8 et 1.0 M oz. of gold (from literature, non 43-101 compliant)

The Piedra Dorada and La Moloncasa properties cover an area of  respectively 1,000 ha and 400 ha. A lot of artisanal mining is taking place in the area. Some miners are bringing their ore to the Company’s mill and grades vary from 2 g/t to 10 g/t Au. Local geologists have followed a gold bearing structure on the Piedra Dorada property for a total of 4 kilometers. The eastern branch of the gold structure is oriented east-west, which is consistent with the Clavo Rico gold deposit (0.4M oz).

 
my_3d_terrain_2-web
Usine

1-Cobra Oro’s

Gold processing plant in Choluteca
Google Maps
InceptionMining

2-Inception Mining

19 km from the gold processing plant
Google Maps
Moloncosa

3-Compania Minera Moloncosa S.A.

26 km from the gold processing plant
Google Maps
PiedraDorada

4-Piedra Dorada Mining

29 km from the gold processing plant
Google Maps

Project Cobra Oro

 
 

Several bulk mining operations near Piedra Dorada and along the corridor.

New Discovery Compania Minera Moloncosa S.A.

Estefan-VeineDecouverte

New Drilling Program

DrillingProgram_2020-08-28_01

Rock sample discovery Compania Minera Moloncosa S.A.

Jean-Labrecque-avec-roche-decouverte
Roche-decouverte
Photo-roche-plus-clair
 

 

Canada
map-canada

Moose Lake

The company will prepare another drilling program on the property to add more mineral resources and have a NI 43-101 report when the market becomes more favorable to the sector.


 

Contact info: 
2075 Victoria Street, Suite #201,
St-Lambert (Quebec) J4S 1H1

Contact us: 514-808-9807


  

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#14
Yes they are a gold producer and their Paraceratherium 04/12/2022 06:54:06 PM
#13
Going to be a great year with gold Paraceratherium 04/12/2022 06:23:13 PM
#12
Goodwill , looking forward to your DD Frank Abagnale 03/28/2022 11:00:17 PM
#11
GER will follow NZP imo GoodWill 03/17/2022 03:27:30 PM
#10
Will post a dd soon GoodWill 03/17/2022 02:43:26 PM
#9
Hi' i'm looking for small gold mining company, frankyduff 03/17/2022 11:28:00 AM
#8
Closes with ask at 0.07 healthy trading love it GoodWill 03/15/2022 04:58:04 PM
#7
I heard very positive stuff for 2022 GoodWill 02/23/2022 04:36:20 PM
#6
might share rumors I heard soon GoodWill 02/23/2022 04:35:37 PM
#5
Im in @ 0,06 GoodWill 02/23/2022 04:35:17 PM
#4
Im back following everyday here GoodWill 02/23/2022 04:31:56 PM
#3
seems like this one might go up soon GoodWill 02/23/2022 04:31:06 PM
#2 Do expect reports on time as stated in news... geopic 07/05/2020 04:30:50 PM
#1 Posted here, years ago. geopic 06/30/2020 11:29:27 AM
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