Resource Estimate for Glen Eagle's Authier Lithium Property Up 77%; Stocks Lifted by 2%

By MT Newswires,  November 19, 2012, 11:40:45 AM EDT

Glen Eagle Resources Inc. (GER.V) announced an updated NI 43-101 compliant mineral resource estimate for the Authier Lithium Property.

The updated mineral resource outlined is using a base case cut-off grade of 0.5% Li2O totals 7,387,000 tonnes grading 0.97% Li2O in the measured and indicated resources category with an additional 572,000 tonnes grading 0.98% Li2O in the inferred resource category.

The new resource estimate represents a 77% increase in the measured and indicated category from the previous resources estimate presented in February 2011.

GER went up by more than 2% to 21 cents, with 52-week range of $0.12 to $0.395.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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