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Glen Eagle estimates $46-million NPV at Authier
2012-01-31 10:03 ET - News Release
Mr. Jean Labrecque reports
GLEN EAGLE RELEASES A ROBUST PRELIMINARY ECONOMIC ASSESSMENT OF THE AUTHIER LITHIUM PROJECT
Glen Eagle Resources Inc. has provided its preliminary economic assessment (PEA) results on its 100-per-cent-owned Authier lithium project located near Val d'Or, Que. The PEA study, to be filed on SEDAR within 45 days of this news release, was based on the production of a spodumene concentrate with the recovery of two byproducts (mica and feldspar). It was completed by Bumigene Inc., an independent engineering firm based in Montreal. Highlights of the study are provided.