| New Gold Discovery on Globex/Enforcer Property | |
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ROUYN-NORANDA, QUEBEC--(Marketwired - Feb 6, 2018) - GLOBEX MINING ENTERPRISES INC. (GMX.TO)(G1MN.F)(G1MN.SG)(G1MN.BE)(G1MN.MU)(G1MN.F)(GLBXF) is pleased to inform shareholders that Enforcer Gold Corp. (TSX VENTURE:VEIN)(N071.F) has discovered a gold zone (OR79) approximately 1.5 km west-southwest of the Galena/No.2 coarse gold bearing vein systems located on the Montalembert property in Quebec. The new discovery falls within the area covered under the Globex option of the Montalembert property to Enforcer. "The gold mineralization occurs within shear-hosted, north-northwest trending and moderately east dipping quartz veins that range in widths from 0.3 m to 0.10 m. Within the veins, free gold is spatially associated with sericite, chlorite, pyrite and locally chalcopyrite, sphalerite and galena. Higher grade values are associated with up to 2% disseminated pyrite in quartz veins." "Assay results from 22 grab samples of isolated outcrops within the area range from 0.50 to 9.19 g/t Au". Note: grab samples are selective by nature and values reported may not be representative of the mineralized zones. See the Enforcer press release of today's date for detailed assays. "A 20 line-km IP geophysical survey is underway in advance of a 1,500 m Diamond drilling program set to commence in early February". This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. | Foreign Private Issuer 12g3 - 2(b) | | CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 | 51,053,577 shares issued and outstanding |
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Globex Mining Enterprises Inc.
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DEVELOPMENT STAGE |
CODE : GMX.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Globex Mining is a zinc and copper exploration company based in Canada. Globex Mining holds various exploration projects in Canada. Its main asset in development is FABIE BAY in Canada and its main exploration properties are BATEMAN BAY, LYNDHURST, POIRIER MINE, RAMP (MAUDE LAKE), MOOSELAND, PACAUD, BEAUCHASTEL-ROUYN, SUFFIELD MINE, VULCAN (GOLD DIKE) - GLOBEX, WEMINDJI, GRAND CALUMET, HUNTERS POINT, GRANDROY, LEIPSIGATE, DELORO, GAYHURST, FISH LAKE, BUCKELL LAKE, MAGNESIUM-TALC, TUT ZONE, FONTANA GOLD PROJECT, EAGLE GOLD PROPERTY, ARNTFIELD, COURVILLE PROJECT, LAKE SIMON, TRANSTERRE, WRIGHTBAR GOLD PROPERTY, TONNANCOUR, LA MOTTE, VICTORIA GOLD PROJECT, SMITH-ZULAPA, HALLIWELL & BM PROPERTIES, LAGUERRE-KNUTSON-RAVEN RIVER, DUPRAT, BLACKCLIFF, DUVAY ZONE, BELL MOUNTAIN, PARBEC, NORDEAU GOLD, RUSSIAN KID (EL COCO), FABIE BAY AND MAGUSI RIVER, GETTY DEPOSIT, WOOD - PANDORA, AUTHIER, CENTRAL CADILLAC, JACOBIE and LAMY MICA in Canada. Globex Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 51.3 millions as of today (US$ 37.3 millions, € 35.1 millions). Its stock quote reached its lowest recent point on January 07, 2000 at CA$ 0.09, and its highest recent level on December 15, 2006 at CA$ 7.76. Globex Mining has 48 900 000 shares outstanding. |