Suche
 

Glen Eagle reaches record production in July

14.08.2019  |  GlobeNewswire

MONTREAL, Aug. 14, 2019 - Glen Eagle Resources Inc. (TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to announce that its Cobra Oro gold processing plant in Honduras has reached optimum operating capacity in July. Throughput peaked on several days at 150 tons and has stayed regularly above 80 tons per day. The average grade processed for the month of July was 2.4 grams per ton. The ore was provided by its partner Inception Mining based on the Agreement signed between both parties in December 2018.

The ore grade is expected to increase significantly by late August and reach an average of 5 grams gold per ton while Inception Mining is expected to continue hauling a consistent ore feed to Cobra Oro gold plant at an average of 100 tons per day well into next year.

In the last 5 weeks, the Company has produced over 160 ounces of gold, far exceeding any previous month despite processing low grade ore and battering through the rainy season. The ongoing situation with Inception Mining, combined with other ore suppliers under contract with Cobra Oro will likely warrant a plant expansion to meet supplies by increasing daily throughput from its current maximum capacity of 150 tons to 250 tons.

In summary, Cobra Oro gold processing plant has never worked so efficiently in the past and the Company expects, all things being equal, to be quite profitable in the coming months based on the information and projections that it is managing internally.

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.


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Glen Eagle Resources Inc.
Bergbau
A0Q9R9
CA3774561086
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2020.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"