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