GER:CC - Glen Eagle Resources Increases Land Package at Moose Lake Phosphate Project
(TheNewswire)
Montreal, Quebec, Canada - TheNewswire- April 20, 2022 - Glen Eagle ResourcesInc. ( “ Glen Eagle ” ) (TSXV:GER) (OTC:GERFF) announces the acquisition of 27additional claims adjacent to Moose Lake. The acquisition is tofurther maximize the property’s value by adding geological anddrilling data to the project. Moose Lake is wholly owned by theCompany and located approximately 100 kilometers north of Chicoutimi,the fight largest city in Quebec Province.
The added claims are well detailed in a geological report, including1000 meters of drilling results with the best values grading as highas 10% phosphate. The acquisition of these new claims is in line witha news release dated March 29, 2022, stating that the Company isreevaluating its Moose Lake phosphate project due to a renewedinterest in the sector, which has been recently described by BloombergNews as one of the best growth sectors of the economy for the next 10years.
The claims are an extension of Moose Lake to the north-west,encompassing a combined 60 square kilometers of land withapproximately 9,000 meters of well documented drilling and geophysicaldata comprised in two geological reports written by qualifiedgeologists.
The Company will release in due time additional data and informationregarding the project, including the best options that have beenbrought forward by Glen Eagle’s management to maximize shareholdersvalue by reinstating this high-quality asset.
Gilles Laverdiere, P.Geo and a Qualified Person under NI 43-101 hasread and approved the technical content of this news release.
About Glen EagleResources
For more information,please contact:
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
Forward LookingStatements:
Certain information set forth in this news release may containforward-looking statements that involve substantial known and unknownrisks and uncertainties, including with respect to the receipt offinal approval of the Offering by the TSXV. These forward-lookingstatements are subject to numerous risks and uncertainties, certain ofwhich are beyond the control of the Corporation, including the timingand nature of all regulatory approvals. Readers are cautioned that theassumptions used in the preparation of such information, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, undue reliance should not be placed onforward-looking statements.
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