GERFF - Glen Eagle Resources Signs Major Ore Supply Agreement
(TheNewswire)
Montreal, Quebec – TheNewswire - February 2, 2021 - Glen Eagle ResourcesInc. ( TSX VENTURE: GER) (“Glen Eagle” or the“Company”) (TSXV:GER)(OTC:GERFF) is pleased to announce the signingby the Company of the most important ore supply agreement to date. Theagreement was entered between Cobra Oro, a wholly owned subsidiary ofGlen Eagle Resources and a nearby Miners Cooperative representingapproximately 250 artisanal miners.
The agreement will allow Cobra Oro gold processingplant to operate at full capacity. The Company is also in discussionwith two other groups representing an additional 750 miners from thesame area, which is also known for being very prolific with high gradegold showings and small deposits.
The Company has been trying hard over the years toreach an agreement with these various Miners Cooperatives but couldnot come to agreeable terms until now.
This first contract represents therefore a majorbreakthrough for the Company not only in getting a steady flow of oresupplies but also by lowering considerably Cobra Oro processingcost.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
J ean Labrecque, President
Glen Eagle Resources Inc
2075 Victoria Street
Suite 201
St-Lambert, Quebec
J4S- 1H1
514-808-9807
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