Glen Eagle files Material Change Report and NI 43-101 Technical Report
Glen Eagle files Material Change Report and NI 43-101 Technical Report
Glen Eagle Resources Inc. (Montreal, QC, 5 Novembre 2013; TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") has filed a Material Change for the transfer of Sand Gold SA shares to Glen Eagle Resources. The shares, originally owned by Jean Labrecque, Glen Eagle's CEO, were transferred to the Company on October 6, 2013. The effective date for consolidation purposes of its Financial Statement will be September 30, 2013. The final transaction closes the announcement made in a previous News Release dated May 9, 2013 which stated that the shares were in process of being transferred.
Sand Gold's Technical Report on its Tailings Project in Nicaragua is being filed on SEDAR November 5, 2013 and hosts a 43-101 compliant Inferred resource estimate of 64,793 tonnes of tailings grading 5.07 g/t gold, 11.86 g/t silver, and 12.57 g/t mercury for a total of 10, 561 oz gold, 24,706 oz silver and 26,185 oz mercury in 32 piles of gold-agglomeration tailings at the La Libertad/Santo Domingo Tailings Project, Chontales, Nicaragua. Of note: the Technical Report, Section 14.9 states that "barring the issues with the surveyor, the tailings resource in La Libertad and especially Santo Domingo would easily reach an Indicated level of confidence according to CIM definition standards".
The Company wishes to reiterate the unparalleled support that it has received from the Ministry of Mines and Energy of the Republic of Nicaragua to advance the Project by meeting several requirements on the technical and legal aspects of the Mining Code. The Company is equally pleased to work in Nicaragua based on a strong sense of moral and working ethics which were clearly reflected within the Ministry of Mines, Ministry of Environment (MARENA) and the people of La Libertad and Santo Domingo.
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
Jean Labrecque, President
999 De Maisonneuve West
Suite 725
Montreal, Quebec
Toll free: 1-855-229-4488
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