Over the period, Cobra Oro processed 749 tonnes, grading 12.09 grams gold per ton based on 39 working days with throughput slated to improve considerably in the near future as the construction work to integrate the new ball mill into the plant is in progress and can be viewed in the upper part of the following images. The recoveries for the period have averaged 76%, slightly impaired by the high silver content in the mineral. In gold equivalent terms, the overall recovery was 81% when the amount of silver recovered from operations is factored in the equation.
The Company has estimated that the new ball mill could have a processing capacity of 150-200 tonnes per day, representing an additional 50 tonnes from what was previously expected. The Company is actively negotiating to secure future supplies to feed the potential increase in throughput.
Gilles Laverdière, P.Geo and a Qualified Person under NI 43-101 has read and approved the technical content of this news release.
Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
Tel : 514-808-9807
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