Glen Eagle Reports 85% Recovery at its Gold Processing Plant

Glen Eagle Reports 300% Increase In Throughput at its Gold Processing Plant
February 21, 2018
Insiders, Management and Partners own 55.5% of Glen Eagle’s stock
April 11, 2018

Glen Eagle Resources Inc. (Montreal, Quebec, March 28, 2018; TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to announce that Cobra Oro’s operations in Honduras are running on schedule with daily throughput ranging between 60 to 90 tonnes per day, set apart occasional downtime which has been reduced substantially in recent weeks as the Company nears its current expansion program.

 

Glen Eagle Resources Inc. (Montreal, Quebec, March 28, 2018; TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to announce that Cobra Oro’s operations in Honduras are running on schedule with daily throughput ranging between 60 to 90 tonnes per day, set apart occasional downtime which has been reduced substantially in recent weeks as the Company nears its current expansion program.

Gold recovery in March has reached 85% based on the data received from Cobra Oro’s metallurgical department. The Company remains confident that its cyanide circuit system has been stabilized and that similar recovery results can be expected going forward.

With the expansion phase almost completed, Cobra Oro’s crushing facilities have reached a capacity of 250 tonnes per day. with leaching throughput limited at 120 tonnes. To remediate the imbalance, the Company has already quoted for 3 more leach tanks to create a better equilibrium between crushing and leaching. The investment is minor and was planned as part of the expansion phase with on-site logistic ready to receive the equipment.

As Cobra Oro’s operations are now yielding constant results, the Company is placing a lot of emphasis to help its current suppliers work more efficiently and making sure that Cobra Oro’s current or future concessions will be drilled and mined to insure sufficient mineral supply to optimize its processing plant.

Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
Tel : 514-808-9807

“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.” Values in the news release are quoted in canadian dollars.

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