Erdene Resource Development Corporation press release
Highly Successful Infill Drilling Program on Authier
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Montreal, Quebec, March 21, 2012 - Glen Eagle Resources Inc. (TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") is pleased to announce the new results from the winter infill drilling program carried out on its Authier Lithium project near Val d'Or. Several drill holes have returned unexpectedly good grade values over large widths, bringing valuable information about the edges of the pegmatite which shows a strong continuity within the deposit.
The drill program was designed for up-dip and down-dip drilling of the lithium-bearing pegmatite to collect sufficient data form the edges of the pegmatite to increase the confidence level of the resource estimate from inferred to indicated. Several drill holes have strongly intercepted the up-dip and down-dip continuity of the pegmatite, with drill holes (AL-12-03 and AL-12-18) indicating that the pegmatite is thicker than expected by as much as 31 meters grading 1.1% Li20. Infill drilling on section 707475E also showed a very good lateral continuity of the pegmatite with additional sections indicating that the deposit remains open at depth with higher grade values. The data for the drill hole intercepts are presented in the table below.
|Hole # |From |To |Length|LI2O| | |(m) |(m) |(m) |(%) | |AL-12-14|132.0|166.5|34.5 |0.77| |incl. |132.0|145.5|13.5 |1.21| |AL-12-15|25.5 |69.0 |43.5 |0.88| |incl. |25.5 |43.5 |18.0 |1.09| |incl. |39.0 |60.0 |21.0 |1.15| |AL-12-17|138.0|175.5|37.5 |1.30| |AL-12-18|133.5|165.0|31.5 |1.10| |incl. |133.5|144.0|10.5 |1.35| |incl. |151.5|163.5|12.0 |1.21| |AL-12-21|36.0 |66.0 |30.0 |1.03| |incl. |39.0 |60.0 |21.0 |1.15| |AL-12-02|30.0 |34.5 |4.5 |0.66| |and |40.0 |49.0 |9.5 |0.55| |AL-12-03|138.0|166.5|28.5 |0.68| |AL-12-04|136.5|157.5|21.0 |0.76| |AL-12-05|19.5 |25.3 |5.8 |0.62| |AL-12-07|163.5|187.5|24.0 |1.03| |incl. |163.5|183.0|19.5 |1.11| |AL-12-08|130.5|156.0|25.5 |0.96| |AL-12-09|6.0 |33.0 |27.0 |0.85| |incl. |27.0 |33.0 |6.0 |1.26| |AL-12-10|70.5 |79.5 |9.0 |0.55| |AL-12-11|40.5 |46.5 |6.0 |0.65| |and |58.5 |65.8 |7.3 |0.65|
Holes AL-12-01/06/10/13 did not return significant values. A new resource estimate will be calculated by SGS based on this drilling program and the 4000 meters drilled during the spring of 2011.
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 Sudbury, ON for sample preparation and to AGAT Laboratories main laboratory in Mississauga, ON. The other half is kept for record. The samples were analyzed for Lithium using AGAT Laboratories' peroxide fusion method (AGAT Analysis Code 201079) and ICP-OES analysis which consists of a specialized fusion technique and an assay range of 0.01 to 25% Li. 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. One standard and one blank sample are inserted for every 20 samples and a duplicate for every 20 samples will be sent to a second accredited laboratory for analysis.
Gilles Laverdiere, 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.
Jean Labrecque, President
Glen Eagle Resources Inc
999 De Maisonneuve West
Suite 725
Montreal, Quebec
Toll free: 1-855-229-4488
Website: www.gleneagleresources.com
FOR FURTHER INFORMATION, CONTACT:
Louis Morin
514-845-1101
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