Glen Eagle Resources Inc.
TSX VENTURE : GER

Glen Eagle Resources Inc.

January 17, 2011 09:19 ET

Glen Eagle Intersects 1.08 Li2O Over 44.5 Meters on Authier

MONTREAL, QUEBEC--(Marketwire - Jan. 17, 2010) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce the final drilling results from its Authier Lithium project near Val d'Or, Quebec. 

Hole Al-10-16 intersected 1.08 Li2O over 44.5 meters. The hole was drilled east of holes Al-10-13 and Al-10-14 which have intersected (as previously reported) Li2O over 37 meters, demonstrating that the east central section of the deposit hosts a substantial volume of resource based on the widths intersected by several drill holes. Hole Al-10-18 (the final drill hole) and Al-10-17 (previously reported) tested the target further east. The results of Al-10-18 and Al-10-17 confirm the historical data that the deposit is closing out to the east with the pegmatite getting more disseminated in what seems to be the eastern edge. 

Hole # From (m) To (m) Width (m)* Li2O (%)
AL-10-16 48 92.5 44.5 1.08
including 49.5 70.5 21 1.27
AL-10-18 60 64.5 4.5 0.68
and 76.5 82.5 6 0.71

*The width is believed to be the true width of the pegmatite.

In conclusion, the drilling results confirmed what was to be expected from the Authier Lithium deposit with overall drilling results slightly better than the historical. The deposit remains open at depth and to the west.

A 4,000 meter drilling program is about to commence on the west section of the deposit known to be the richest historically with hole (Al-10-01) having intercepted 53.5 meters at 1.3% Li2O, hole (93-25) 50.75 meters at 1.21% Li2O and hole (93-28) 44.65 meters at 1.05% Li2O. The deposit remains open to the west and at depth. 

About the method of analysis:

The samples were prepared at the company's facility under the supervision of the field geologist by sawing the NQ core in two halves. One half of the core was bagged, tagged and sealed and delivered to ALS Canada in Val d'Or. The other half is kept for record. The samples were analyzed for Lithium using the Li-OG63 method which consists of a specialized four acid digestion with an assay range of 0.01 to 10% Li. For Rare Metals and Rare Earth elements, the samples were analyzed with the ME-MS81 analytical method which consists of a lithium borate fusion prior to acid dissolution followed by ICP-MS analysis. The company has also implemented a QC/QA program for quality control. The company is using two analytical standards, a high and a low standard, duplicates and blanks. One standard and one blank sample are inserted for every 20 samples and a duplicate for every 20 samples will be sent to another laboratory for analysis.

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"

Contact Information

  • Glen Eagle Resources Inc.
    Jean Labrecque
    President
    514-938-4888
    jl@gleneagleresources.com
    or
    Francois Marcotte
    Consultant & Investors Relations
    450-536-0279