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MONTREAL, QUEBEC–(Marketwire – July 31, 2012) – Glen Eagle Resources Inc. (TSX VENTURE:GER) (“Glen Eagle” or the “Company”) is pleased to report the early results of the spring drilling program (18 holes in total at a depth of 100 meters) carried out on its Moose Lake project, located near highway 172, approximately 100 km north of Chicoutimi, Quebec.
The results of the first two holes are reported below.
| Hole # | From (m) |
To (m) |
Length (m) |
P2O5 (%) |
||||
| LO 12-07 | 6 | 47 | 41 | 5.6 | ||||
| incl | 6 | 35 | 29 | 6.2 | ||||
| incl | 29 | 34 | 5 | 6.9 | ||||
| incl | 46 | 47 | 1 | 11.5 | ||||
| LO 12-08 | 3.5 | 57.5 | 54 | 5.4 |
Thirteen holes were allocated to the zone “Lac Orignal” which has now been tested over 1 km representing half the length of its visible anomaly. The known width originally thought to be 75 meters has now been extended to 346 meters wide.
The newly discovered zone, “Lac Vanel” located approximately 5 km NE of “Lac Orignal” has been tested with five drill holes covering an area of 476 meters long by 70 meters wide.
The Company remains very confident about its upcoming results which will be released over the next two months as they become available from the laboratory.
Gilles Laverdière, P.Geo., a qualified person according to the NI 43-101 disclosing standards, is supervising the drilling program and has reviewed and approved the technical content presented herein.
“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.”
Jean Labrecque, President
Glen Eagle Resources Inc.
Toll free: 1-855-229-4488
www.gleneagleresources.com
Investors Relations
Louis Morin
514-845-1101
