Erdene Resource Development Corporation press release
Glen Eagle intercepts 70 meters P205 at 4.7 % on Moose Lake
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Montreal, Quebec, May 2, 2012 - Glen Eagle Resources Inc. (TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") reports the results of the winter drilling program carried out on its Moose Lake project, located next to highway 172, approximately 100 km North of Chicoutimi, Quebec. The 750 meter drill program was designed to have a quick grasp of Moose Lake before engaging additional funds for its acquisition. Three out of six holes have been received from the lab while the remaining holes will be released as they become available.
Five holes were drilled on one of the many visible anomalies measuring 2 km long by 50 meters wide. The anomaly was tested over 1 km with excellent results showing several intercepts exceeding 6% P205.
|Hole # |From|To |Length|P205 | | |(m) |(m) |(m) |(%) | |LO 12-01|6.0 |23.5|15.0 |4.8 | |LO 12-02|61.0|83.5|22.5 |4.4 | |LO 12-03|13.5|84.0|70.0 |4.7 | |incl |45.0|60.0|15.0 |6.0 | |incl |67.5|76.5|9.0 |6.1 | |incl |51.0|55.5|4.5 |7.1 |
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, for analysis. 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 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:
Investors Relations
Louis Morin
514-845-1101
"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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