Eagle Star Minerals (TSX-V: EGE and OTC: ELGSF) published a comprehensive Letter from the President update today written by CEO Eran Friedlander – which outlines the Company’s recent addition of a large phosphate rock exploration project in the State of Piaui, Brazil; reiterates their commitment to developing the highly prospective Angico iron ore project; and delineates their overall growth strategy going forward. The letter was announced in a press release out this morning and we have included a link to the letter below, which can also be accessed from Eagle Star’s website.
We see this recent addition to Eagle Star’s project portfolio as a pivotal move which could add significant near term value to EGE shares and reward early-in shareholders. We base this on the fact that early field sampling results show multiple occurances of what appears to be large deposits of commercial grade phosphate rock – a commodity very much in demand in the local region due to Brazil’s burgeoning agricultural industry.
Link to new company brochure: