Glen Eagle Resources released news yesterday that outlined the plans for the 43-101 on the La Cobra project. I had the chance to chat with the President of Glen Eagle Resources, Jean Labrecque this morning to get a better understanding of the steps the Company will take to further understand the resource.
Glen Eagle Resources is a sponsor on the site and a Company that has my interest because of the unique position they have built in Honduras. The Company has small scale commercial production underway and plans to continue to grow the production in the short term (we touch on this in the interview) as well as the exploration upside from the La Cobra property. This mining concession was granted to Glen Eagle thanks to its close relationship with the government. It was a past producing mine that has the potential to still have a nice resource at the dump site (rock that was not economical at much lower prices) plus at the actual mine.
Click here to visit the Glen Eagle website for more information.
Also feel free to email me with further questions for Jean. I can be reached at Fleck[at]kereport.com.
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