Glen Eagle Resources Inc.
TSX VENTURE : GER

Glen Eagle Resources Inc.

February 18, 2015 09:11 ET

Glen Eagle Intercepts Large Phosphate (P205) Sections at Moose Lake

MONTREAL, QUEBEC--(Marketwired - Feb. 18, 2015) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announced the results of a very successful drilling program on Moose Lake located near highway 172, approximately 100 km North of Chicoutimi, Quebec.

A total of 3,300 meters were drilled and designed with a two-fold purpose which was to deepen 11 holes previously drilled in 2012 that did not cross at depth the entire phosphate bearing unit. The current drilling program successfully increased the phosphate intercepts at depth in every hole. This section of the drill program accounted for 585 meters. The results are as follows:

Hole # From
(m)
To
(m)
Length
(m)
P205
(%)
LO-12-09 56,0 103,5 47,5 5,12
LO-12-10 48,5 121,5 73,0 5,53
LO-12-11 10,9 124,5 113,6 4,10
INCL. 78,4 124,5 46,1 5,41
LO-12-25 41,0 120,0 79,0 5,45
LO-12-26 31,5 115,5 84,0 4,45
LO-12-27 133,5 166,5 33,0 5,10
LO-12-28 76,5 138,0 61,5 5,31
LO-12-29 106,5 168,0 61,5 5,74
LO-12-30 61,5 168,0 106,5 4,97
INCL. 135,0 163,5 28,5 6,25
LO-12-34 66,0 130,5 64,5 5,40
LO-12-38 43,5 105,0 61,5 5,94

The main phosphate-bearing body which was estimated to be 1.5 kilometer long by 250 meters wide can now be confirmed with a greater degree of certainty. The program seems to have tested the outer limit of the deposit along strike to the East as grade and thickness of the mineralization decreased with drill holes LO-14-16 to LO-14-20 intercepting limited widths. The remaining drill holes of the campaign are reported in the table below and were designed to test the overall deposit along strike and at further depth for future resources calculations.

Hole # From
(m)
To
(m)
Length
(m)
P205
(%)
LO-14-01 70,5 94,5 24,0 5,35
LO-14-02 54,0 90,0 36,0 5,31
LO-14-03 43,5 66,0 22,5 5,79
LO-14-05 63,0 96,0 33,0 5,26
LO-14-13 165,0 186,0 21,0 6.25
LO-14-21 3,0 102,0 99,0 5,54
INCL. 3,0 9,0 6,0 10,33
LO-14-22 39,0 100,5 61,5 5,11
INCL. 85,5 96,0 10,5 6,56
LO-14-23 37,5 102,0 64,5 5,61
INCL. 78,0 100,5 22,5 6,20
LO-14-24 39,0 100,5 61,5 5,83
LO-14-25 18,0 54,0 36,0 5,26
LO-14-26 3,0 72,0 69,0 5,53

The samples were prepared at the company's facility under the supervision of the field geologist by splitting the NQ core in two halves. One half of the core was bagged, tagged and sealed and delivered to AGAT Laboratories in Mississauga, ON. The other half is kept for record. The samples were analyzed for all oxides using AGAT Laboratories' lithium borate fusion method (AGAT Analysis Code 201076) and ICP-OES finish, summation of all oxides with an assay range of 0.005 to 100% P2O5. AGAT Laboratories' Mining Division is accredited to ISO/IEC 17025 and CAN-P-1579 by the Standards Council of Canada (SCC). AGAT Laboratories internal quality control procedures include the regular analysis of replicate samples, reference materials and reference blanks.

The company has also implemented its own QAQC program for quality control. The company is using two analytical standards, a high and a low standard and blanks. Standards and blanks samples are alternatively inserted every 20 samples.

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."

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