GER:CC - Glen Eagle Resources Acquires Highly Prospective Lithium Properties
(TheNewswire)
Montreal, Q C - TheNewswire - June 21, 2023 - Glen Eagle Resources Inc. (the “ Corporation ”) (TSXV:GER) ispleased to announce that it has acquired by map designation 120 miningclaims in three groups in the Lebel-sur-Quevillon area, NorthwesternQuebec.
The 3 groups of claims are prospective for lithium. Onthe Lessard property, pegmatites have been recognized on the propertyin close association with a lake-bottom lithium anomaly of 61 ppm ofLithium. The property is underlain by the Lichen Pluton, atonalite-monzodiorite intrusive of Archean Age.
The Périgny property is characterized by a 7-km longlake-bottom lithium anomalies varying from 19 to 26 ppm of Lithium,and is underlain with the granodiorite of the Mountain Pluton.
The Nicobi property is characterized by a 1-km longlake-bottom lithium anomalies varying from 33 to 45 ppm of Lithium,and is underlain by the Lichen Pluton, a tonalite-monzodioriteintrusive of Archean Age.
Quebec’s Government LIDAR survey shows that theproperties bear northeast-trending elongated crests that may beindicative of the presence of pegmatites.
All three properties are easily accessible from loggingroads and trails originating from Provincial Highway 113. The Companyintends to mobilize field crews this summer to do geologicalreconnaissance and verify the elongated crests on the properties.
Qualified Person
Mr. Gilles Laverdière, P.Geo, consultant geologist andqualified person under NI 43-101 has read and approved this pressrelease.
Securities Monetization Update
Further to its May 10, 2023 press release, theCorporation is also please to announces it has closed the previouslyannounced disposition of 2,700,000 common shares of First PhosphateCorp.
ABOUT GLEN EAGLE RESOURCESINC.
Glen Eagle Resources Inc. is a small producer and anexploration company of precious metals in Canada and the CentralAmerica area.
For more information, please contact:
Karl Trudeau
President
1-819-440-8495
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS:
This news release containsforward-looking statements, which relate to future events or futureperformance and reflect management's current expectations andassumptions. Such forward-looking statements reflect management'scurrent beliefs and are based on assumptions made by and informationcurrently available to the Corporation. Investors are cautioned thatthese forward-looking statements are neither promises nor guaranteesand are subject to risks and uncertainties that may cause futureresults to differ materially from those expected. Theseforward-looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Corporationdoes not assume any obligation to update or revise them to reflect newevents or circumstances. All the forward-looking statements made inthis press release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (availableat WWW.SEDAR.COM ).
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