Honduras

GOLD PROCESSSING PLANT IN HONDURAS

  • Cobra Oro de Honduras has been a gold producer for the last 8 months.
  • A important plant expansion was in progess all year long to add a cyanide circuit to the floatation system already in place.
  • The new circuit is currently beeing tested and will bring an important revenue stream to Glen Eagle.
  • The plant was initially valued by an independent canadian engineering company at $1.5 million dollars.
  • With the recent expansion, the company values the plant at $5M dollars based on data recently accumulated.
  • Glen Eagle will likely have an independent estimate by mid 2016 to better established the fair value of its plant.

Cobra-Oro’s processing gold plant in Honduras

Latest pictures after plant completion – March 1, 2016.

Tailing Pond – Under Construction and almost completed – May 10, 2016.