# Glen Eagle: $6M Potential Windfall Using Cycladex Green Technology

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/glen-eagle-6m-potential-windfall-using-cycladex-green-technology--501671c9-4c71-42b0-8aba-053b95c5516d

Original source: https://money.tmx.com/en/quote/GER/news/5987288885254203/glen-eagle-6m-potential-windfall-using-cycladex-green-technology

Publisher: tmx

Original announcement: 2022-02-23T14:40:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Glen Eagle Resources

- Ticker: GER

- Exchange: TSX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Metallurgy

- Extracted: 2026-08-21 15:30:52 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Glen Eagle Resources announced excellent preliminary metallurgical test results using Cycladex technology on tailing samples, estimating 95% gold recovery with a leach time of less than two hours. The company notes these results represent a potential $6M in recoverable gold from existing tailings, though the data is not NI 43-101 compliant.

Reasoning: The announcement reports excellent preliminary metallurgical results \(95% recovery\) using a new technology, but explicitly warns that the data is in-house and not NI 43-101 compliant.

- Positive factor: high estimated recovery

- Positive factor: rapid leach time

- Positive factor: potential to turn liability into asset

- Negative factor: not NI 43-101 compliant

- Negative factor: based on in-house data

- Negative factor: scale-up risk

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 1

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95% recovery is in the exceptional band for gold.

Evidence · text

> estimated 95% recovery

**Bench Scale Only**

Polarity: negative

Definition: Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Results are based on laboratory analysis of tailing samples and require pilot testing.

Evidence · text

> will be running additional pilot testing at Cobra Oro’s plant site

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: The results are described as an estimate based on in-house data and laboratory analysis rather than a full-scale commercial test.

Evidence · text

> The numbers quoted in this news release are based on in-house data and do not meet NI-43101 standards

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Metallurgical Results (1)

### leach

[Link to this fact](https://atlas-staging.minestarters.com/news/glen-eagle-6m-potential-windfall-using-cycladex-green-technology--501671c9-4c71-42b0-8aba-053b95c5516d#fact-metallurgical-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: GER

#### Test Work

- Program Status: preliminary
- Test Type: leach
- Sample: Tailing samples taken close to surface
- Leach Time: 2 hours

#### Recovery

- Recovery: 95 %
- Head Grade: 1.5
- Head Grade Unit: g/t

#### Lab

- Laboratory: Cycladex

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2022-02-23T00:00:00.000Z

Reasoning: 95% recovery and <2h leach time are exceptional for gold, but the lack of NI 43-101 compliance and reliance on in-house data limits confidence.

- Positive factor: exceptional recovery

- Positive factor: very fast leach time

- Negative factor: not NI 43-101 compliant

- Negative factor: scale-up risk

Evidence · text

> The ensuing results were excellent with an estimated 95% recovery or 1.5 grams gold per ton with a leach time of less than two hours.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.