GERFF - Glen Eagle Resources Increases Production
(TheNewswire)
Montreal, Quebec, Canada – TheNewswire - February 10, 2022 – Glen EagleResources Inc. ( “ GlenEagle ” ) (TSXV:GER) (OTC:GERFF) announces anincrease in production capacity from 100 to 150 tons per day by adding a third shift at Cobra Oro gold processing plant in Honduras; awholly owned subsidiary of the Company.
The increase is in line with theramp-up operation that started in late summer 2021 under thesupervision of Karl Trudeau, COO of Glen Eagle. The increasedthroughput is also made possible by onboarding additional oreproviders capable of supplying the required tonnage to reach the 150tpd mark.
C ombined with the current ore grade beingprocessed, the Company is confident to generate substantial cash flowfrom its operations for the coming months, which will be released indue time in upcoming news releases.
About Glen Eagle Resources
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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