GER Glen Eagle Resources Inc

(TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that
based on our latest laboratory results, gold recovery have reached 70%, which
was the original goal of the Company at the inception of the Nicaragua project
when the company started the optimization process in early March, 2014. Mercury
recovery was approximately the same as gold while the company's objective is to
reach 80%. The data is based on the last 12 tonnes of tailings being processed
with our latest equipment recently brought on site. 


The company plans to process another 1,000 tons of tailings to ascertain the
variability of the latest results before going to full commercial production,
which could start as early as September if recovery remains consistent with
previous results. It should be noted that the decision to go into full
commercial production will not be based on a Feasibility Study under the NI
43-101 Companion Policy which would demonstrate the economic and technical
viability of the project. The risk of technical failure associated with the
project is therefore higher and the confidence level is lessened since the
company's decision is based on empirical field data accumulated over the last
four months of test processing and not on a Feasibility Study based on proven
and probable reserves; but rather on inferred resources as stated in the
company's NI 43-101 Technical Report. 


If successful in repeating on a larger scale our latest results, Sandgold SA,
will start production at 100 tons/day with the objective of reaching nameplate
capacity of 300 tons/day by late fall 2014. After reviewing in-house data
accumulated over the last four months of pre-production testing, the company
estimates that the cash cost to produce one ounce of gold will be less than
US$300/oz should the gold recovery remain at 70%. 


Sandgold SA is therefore in the process of acquiring a unique knowledge of
successfully extracting both mercury and gold from mercuric tailings without
damaging, or posing a risk to the environment and thus will position the company
at the forefront of improving the endemic environmental problems arising from
gold-mercury agglomeration processing. No chemicals are used in the Company's
recovery process, as the use of cyanide and other chemical agents to recover
gold from mercuric tailings are strictly prohibited in Nicaragua by the Ministry
of the Environment. 


Sandgold's project was a high priority two years ago for the Ministry of Mines
and has become even more important recently when Nicaragua signed, on October
11, 2013, the Minamata Agreement in Kumamoto, Japan. The European Union and 91
other countries endorsed the content of the Agreement which is aimed at finding
a solution to the problem caused by more than 15 million artisanal miners around
the world using mercury amalgamation to extract gold. The ensuing environmental
degradation caused by this method of extraction was considered by all the
endorsing nations as one of the most pressing problems impacting the environment
worldwide. 


Gilles Laverdiere, P.Geo., a qualified person under NI 43-101 has approved the
technical content presented herein.


For the latest information about Glen Eagle, please visit
www.gleneagleresources.com 


"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."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jean Labrecque, President
Glen Eagle Resources Inc.
Toll free: 1-855-229-4488

Glen Eagle Resources (TSXV:GER)
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Glen Eagle Resources (TSXV:GER)
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부터 6월(6) 2023 으로 6월(6) 2024