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post #381 of 560
Glen Eagle Resources Inc.: Drilling Has Started on Authier
MONTREAL, QUEBEC--(Marketwire - Jan. 25, 2011) - Glen Eagle Resources Inc. (TSX VENTURE:GER)("Glen Eagle Resources" or the "Company") is pleased to announce that the 4,000 meter diamond drill program has commenced on the Authier Lithium project near Val D'or. The objectives of the new program is to increase the resources of the main Authier Lithium deposit and to test new targets. The updated 43-101 compliant resource estimate for the Authier Lithium deposit will be released soon.
To increase the deposit resources, the Company will drill the western extension of the deposit on 50 m sections as well as the extension of the known deposit to depth. In addition, some exploration holes will be drilled on a new potentially lithium bearing pegmatite structure located at about 400 meters north of the main deposit where 10 meters of lithium bearing pegmatite was historically reported to have been encountered in hole LG-07. The extensions of this structure were never followed historically however, new geological and geophysical interpretations indicate that the structure can be as long as 2.2 km.
Gilles Laverdière, 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.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
For more information, please contact
Glen Eagle Resources Inc.
Jean Labrecque
President
514-938-4888
jl@gleneagleresources.com
www.gleneagleresources.com
or
Francois Marcotte
Consultant & Investors Relations
450-536-0279
post #382 of 560
Let's get this baby heading north again!
post #383 of 560
Thanks for the nice analysis knowsnothing. I am in.
post #384 of 560
Quote:
Originally Posted by czeylanicum View Post
Thanks for the nice analysis knowsnothing. I am in.
No problem, hope it made sense lol
post #385 of 560
To the best of my knowledge, 50 meter spacing will give the deposit measured and indicated estimate.... this stock has a huge upside potential
post #386 of 560
Looks like we are about to see another leg in the making bids are getting stronger even with a down market.....up 1 cent today
post #387 of 560
Lots of great news coming. February should spark a lot of attention for GER.
post #388 of 560
Once GER get their N43-101 resource estimate in line with what they had expected, we should see more people jumping in, and these prices will be history. As we get closer to announcing the drill results from the (high grade area) and deeper then we should see this flying....keep it on your watch list if you don't own it.
post #389 of 560
BMO just bought 77k shares at the open market, up to 30 cents ..... uptrend is forming again
post #390 of 560
From the website


SHORT TERM BLUE SKY
Resource estimates on the Authier Lithium project to be released 43-101 in early February.
A new bearing pegmatite zone of 2,2 km was recently identified 400 meters NW of the current deposit.
Complete 43-101 Report to be released in early March.
Historical pre-feasibility study to be updated 43-101 starting February 2011.
Drilling results to be released from 3rd week of February until late May.
post #391 of 560
hold hold hold!
post #392 of 560
Interesting to see where the share price is going as we get closer to the announcement of the resource estimate, My opinion that the buying pressure will accelerate in the coming days. Canada lithium are due to close their PP within the next few days which will be positive for GER as well. Very good support for the SP and no downside from here, nothing but positive progress from now on. My target is 50 cents within the next 3 months.
post #393 of 560
Quote:
Originally Posted by knowsnothing View Post
My target is 50 cents within the next 3 months.
post #394 of 560
Quote:
Originally Posted by knowsnothing View Post
Interesting to see where the share price is going as we get closer to the announcement of the resource estimate, My opinion that the buying pressure will accelerate in the coming days. Canada lithium are due to close their PP within the next few days which will be positive for GER as well. Very good support for the SP and no downside from here, nothing but positive progress from now on. My target is 50 cents within the next 3 months.
Hmm saying there is no downside maybe a bit over the top no?
TUCSON, Ariz., Jan. 18, 2011 /PRNewswire/ -- Lithium consultants TRU Group Inc says that its updated lithium supply-demand forecast 2020 slideshow has been uploaded to its website trugroup.com. The outlook is shocking. The seemingly unstoppable supply growth will cause such huge overcapacity that the stability of the industry will be threatened. Pipeline projects and expansions could increase capacity by about 40,000 tpy Li-contained in the next decade - double what the industry needs. Existing lithium chemical producers have the in-ground resources and ability to meet nearly all market requirements by expanding capacity.
On the lithium chemicals demand side there has been some recovery in 2010 from recent dramatic declines. Demand and prices will continue weak this year. TRU president Edward R Anderson will tell the IM Toronto 3rd Lithium Supply & Markets conference: "Lithium carbonate prices fell precipitately to $4500 per t in 2010 and will remain depressed. Long term there is no market-driven upward-price pressure so prices will remain stable and likely below $5000 per t." Lower prices and fierce competition through 2020 is bad news for the lithium new project promoters who will find it impossible to compete against the distinctive natural cost advantage of brine-based producers Chemetall-SCL, FMC and SQM. "Only a select few new projects could make it into profitable production and then only as marginal suppliers. Bottom line is if you do have a good resource make sure you also have the strongest possible lithium technical capability to develop it."
There is also rumors of new battery technology , that is twice as good as lithium -ion batteries, using magnesium sulphate that would further weaken demand for lithium. Always somebody out there trying to build a better version with different technology.
post #395 of 560
MM, I read the full report and talked to Canada lithium CEO about it, he laughed and told me that many people in the conference believed that the report is biased and supports the "big three" lithium producers. The report might have affected the share price of a lot of lithium companies when it came out, but no one really knows where the price is going in the future, just like no one knew where the price of gold and silver was going 7 years ago.

Having said that, a lot of other reports "like Roskill" seem to be long on lithium and think that the price will not fall down in the years to come, I could not buy the report because it was so expensive (USD 5000).

If everyone is short in Lithium then companies should have a problem in getting financed, this is not the case with Canada Lithium (CLQ) which is raising $110 million at $1.5 in the form of a PP, TruGroup showed up from nowhere and their purpose was to scare small juniors so they stay away from thinking of developing their deposits.

As for GER, the following ingredients will play a BIG role in the share price in the following few weeks:

Resource estimates on the Authier Lithium project to be released 43-101 in early February.
A new bearing pegmatite zone of 2,2 km was recently identified 400 meters NW of the current deposit.
Complete 43-101 Report to be released in early March.
Historical pre-feasibility study to be updated 43-101 starting February 2011.
Drilling results to be released from 3rd week of February until late May.

these fundamentals will play a lot more major role in the share price than the lithium price speculations.
post #396 of 560

    we only need some promotion from an IR firm,  It is time to increase the exposure of GER with all the news that is pending in the pipeline.

post #397 of 560


Just read about a new law that will be vote in quebec about the land we can explore and not.

 

Its in french i dont have the english version.

 

Is this going to affect GER territory ?

 

Non aux forages en territoire urbanisé
Québec veut baliser plus sévèrement l'exploration gazière, pétrolière et minière
Kathleen Lévesque
4 février 2011
Québec

Le gouvernement Charest envisage de soustraire les «territoires urbanisés» des municipalités du Québec à l'exploration gazière, pétrolière et minière.

Comme l'a confirmé hier au Devoir le ministre délégué aux Ressources naturelles et à la Faune, Serge Simard, le projet de loi 79, qui vise une modernisation de la Loi sur les mines, sera amendé afin de baliser les élans des entreprises qui sondent le sous-sol québécois à la recherche de ressources. «On a entendu les gens des municipalités qui nous ont interpellés. <...> Ce qu'on va suggérer devrait être satisfaisant, car cela va donner aussi aux gens qui veulent investir des directives claires là ils peuvent aller et là ils ne doivent pas aller», a déclaré M. Simard en entrevue téléphonique.

Ainsi, de nouvelles clauses dans le projet de loi imposeront des limites géographiques à l'exploration des gaz de schiste, à la recherche de pétrole et à la prospection minière (pour l'uranium, par exemple). Des «territoires urbanisés» ou «territoires municipalisés», selon les expressions utilisées par le ministre Simard, sont dans la mire.

«Il n'y a pas vraiment de définition là-dessus. Mais il y aura des articles de loi qui vont éliminer la possibilité sur des territoires municipalisés. <...> Quand on va donner des claims, il y aura des contraintes», s'est borné à dire Serge Simard. Pour les précisions, il faudra vraisemblablement attendre le dépôt des amendements. Mais les zones ayant une certaine densité de population pourraient être épargnées.

La parole aux municipalités

Chose certaine, les municipalités auront leur mot à dire dans le développement des projets. Le ministre parle même d'une «obligation».

Lors des audiences tenues l'automne dernier par le Bureau d'audiences publiques sur l'environnement (BAPE) concernant le développement durable de l'industrie des gaz de schiste, l'Union des municipalités du Québec ainsi que la Communauté métropolitaine de Montréal ont demandé de définir un cadre de développement respectant l'autonomie du monde municipal. Les municipalités voient le contrôle de l'aménagement de leur territoire leur glisser entre les mains en vertu d'une loi «d'une autre époque».

De plus, le ministre Simard indique que les entreprises détentrices de droits d'exploration (claims) pourraient même se voir retirer leur permis. «Il y a des entreprises qui ne seront pas d'accord avec ce qui va se faire. <...> On n'est pas là pour aider les entreprises», a-t-il déclaré.

Ce dernier n'a toutefois pas indiqué si les entreprises qui effectuent de l'exploration ou qui du moins ont un claim devraient être dédommagées financièrement. Des discussions qui engagent d'autres ministères restent à faire sur le sujet, a-t-on mentionné au cabinet de M. Simard.

Changement stratégique

Le ministre entend déposer d'ici quelques semaines à l'Assemblée nationale les amendements au projet de loi 79, dont l'étude a été amorcée et stoppée l'automne dernier après l'analyse de seulement 9 des 72 articles. Jusqu'à maintenant, l'exercice a surtout donné lieu à de fortes critiques. La Loi sur les mines a préséance sur les communautés quant à l'utilisation du territoire.

En décembre dernier, M. Simard affirmait au Devoir qu'il n'était pas question de changer cet aspect de la législation, de crainte que cela soit «dommageable» pour l'industrie. Le ministre se défend aujourd'hui d'avoir changé de discours, soutenant que sa seule préoccupation, tout comme l'a exprimé son chef Jean Charest, est le respect de l'environnement et de la volonté populaire.

«Ce sont toujours les contribuables, en bout de ligne, qui vont subir les projets. L'objectif, c'est donc de s'assurer qu'on fait tous partie de la solution ensemble», a soutenu Serge Simard.

En début de semaine, la ministre des Ressources naturelles et de la Faune, Nathalie Normandeau, a déclaré que cette réflexion gouvernementale s'inscrit dans l'objectif d'«éviter les confrontations avec les citoyens». Mme Normandeau était invitée à commenter l'exploration d'uranium prévue à Pointe-à-la-Croix, dans sa circonscription de Bonaventure, en Gaspésie. Ce projet mené par Terra Firma Resources ne se ferait toutefois pas en «territoire urbanisé», a précisé le ministre Simard.

Il y a quelques semaines, c'était le ministre de l'Environnement, Pierre Arcand, qui durcissait le ton par rapport aux entreprises concernées dans le dossier des gaz de schiste. À la suite de fuites détectées dans les puits forés par certaines entreprises, M. Arcand a déclaré que l'industrie n'a pas «le contrôle de la situation».

Serge Simard renchérit et accuse l'industrie gazière et ses écarts de conduite d'être à l'origine des problèmes qui soulèvent la grogne dans la population. «Très souvent, on fait affaire avec des gens qui outrepassent les bonnes façons de faire. On voit ce que ça donne; ça donne les misères que l'on a aujourd'hui», a-t-il souligné, avant d'ajouter que «les compagnies qui ne respecteront pas les règles n'auront pas l'occasion de faire des affaires très longtemps au Québec».

Outre le projet de loi 79, le gouvernement libéral prépare une Loi sur les hydrocarbures qui encadrera spécifiquement l'exploration et l'exploitation des gaz de schiste.  

post #398 of 560

Thanks to google translator:

 

No to drilling in urbanized area 
Quebec wants to tag more severely gas exploration, oil and mining
Kathleen Levesque 
February 4, 2011 
Quebec 

The Charest government is considering exempting "urbanized areas" Québec municipalities to explore oil, gas and mining. 

As confirmed yesterday Duty Minister for Natural Resources and Wildlife, Serge Simard, Bill 79, which aims to modernize the Mining Act will be amended to tag the moose companies that probe Quebec basement in search of resources. "We heard people municipalities that we have arrested. <...> What we will suggest should be satisfying, because it will also give people who want to invest clear direction they can go there and there they should not go, "Simard said in a telephone interview. 

Thus, new clauses in the Bill will impose geographical limits to the exploration of gas shale in search of oil and mineral exploration (for uranium, for example). Of "urbanized areas" or "municipal territories," according to the expressions used by the Minister Simard, are being targeted. 

"There's no real definition of it. But there will be items of legislation that will eliminate the possibility on municipal territories. <...> When you go to the claims, there will be restrictions, "simply said Simard.For clarification, it will likely await the tabling of amendments. But some areas with population density could be saved. 

Speech to municipalities 

Certainly, municipalities have a say in development projects. The minister spoke of an 'obligation'. 

During hearings last fall by the Office of Public Hearings on the Environment (BAPE) on the sustainable development of shale gas industry, the Union of Quebec Municipalities and the Metropolitan Community of Montreal asked to define a development framework respecting the autonomy of municipalities. Municipalities are monitoring the development of their territory slip through their hands in an act of "another time". 

In addition, the Minister Simard indicates that companies holding exploration rights (claims) could even be stripped of their licenses."There are companies who will not agree with what is going to do.<...> We are not here to help businesses, "he said. 

The latter has not indicated whether firms that perform exploration or at least have a claim should be compensated financially.Discussions that engage other ministries remain to be done on the subject, did we mention the office of Mr. Simard. 

Strategic change 

The Minister intends to table a few weeks before the National Assembly's amendments to Bill 79, whose study was initiated and halted last fall after the analysis of only 9 of 72 items. Until now, the exercise has mainly led to strong criticism. The Mining Act has precedence over the community regarding land use. 

Last December, Mr. Simard said the Duty there was no question of changing this aspect of the legislation, fearing that it is "harmful" for the industry. The minister defended himself today to have changed his tune, arguing that his only concern, as expressed by its leader Jean Charest, is respect for the environment and the popular will. 

"It's always the taxpayers, ultimately, that will suffer the projects.The objective is therefore to ensure that all part of the solution together, "stated Serge Simard. 

Earlier this week, Minister of Natural Resources and Wildlife, Nathalie Normandeau, said that government thinking is in line with the objective to "avoid confrontations with citizens." Mrs. Normandeau was invited to comment on uranium exploration under Pointe-à-la-Croix, in his riding of Bonaventure, Gaspé. This project led by Terra Firma Resources does not, however, would be "urbanized area," the minister said Simard. 

A few weeks ago, it was the environment minister, Pierre Arcand, who hardened the tone compared to companies involved in the case of shale gas. Following leaks detected in wells drilled by some companies, Mr. Arcand said the industry does not "control the situation." 

Simard adds and accuses the gas industry and its wrongdoing to be causing problems raising the discontent in the population. "Very often, we deal with people who overstep the right ways. We see what happens, it gives the miseries that we have today, "he said, adding that" companies that do not respect the rules will not have the opportunity to business very long in Quebec. " 

Besides Bill 79, the Liberal government is preparing a law on hydrocarbons which specifically oversee the exploration and exploitation of shale gas.

post #399 of 560

so do you think this will affect GER in any way ?

post #400 of 560

no

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