| Drilling to Begin at Chibougamau Independent Mines, Berrigan Project | | | | | | Published : February 04, 2013
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ROUYN-NORANDA, QUEBEC--(Marketwire - Feb. 4, 2013) - Chibougamau Independent Mines Inc. (TSX VENTURE:CBG) and GLOBEX MINING ENTERPRISES INC. (News - Market indicators)(FRANKFURT:G1M)(OTCQX:GLBXF) wish to inform shareholders that Chibougamau Independent Mines ("Chibougamau Mines") has received all necessary permits in order to begin drilling on the Berrigan gold, silver, zinc property located directly north of the town of Chibougamau, Quebec. Chibougamau Mines has also signed a drill contract and expects a drill to be on site by February 4th in order to commence a 1500 to 2000 metre focused drill program. Drilling will be set out so as to confirm and expand upon historical drill results intersected by previous property owners dating back to the late 1940's. The following are a small sampling of previously reported intersections taken from the report titled "Technical Review (NI 43-101 Compliant) & Evaluation of the Exploration Potential on the Berrigan Gold-Silver-Zinc Project, McKenzie Township, Chibougamau, May 17, 2012 (revised Aug. 15, Oct. 30 and Nov. 26, 2012) by Claude Larouche, geo., ing (OIQ)."
Hole # |
From |
To |
Interval |
Zn % |
Cu % |
Au g/t |
Ag g/t |
A-005 |
131.4 m |
140.2 m |
8.8 m |
5.70% |
|
6.96 g/t |
|
A-010 |
97.3 m |
105.2 m |
7.9 m |
4.43% |
|
4.94 g/t |
25.36 g/t |
A-016 |
18.9 m |
21.2 m |
2.3 m |
1.51% |
|
6.43 g/t |
|
76.2 m |
77.7 m |
1.5 m |
3.45% |
|
8.91 g/t |
|
A-061 |
91.6 m |
100.6 m |
9.0 m |
3.76% |
0.16% |
3.00 g/t |
17.24 g/t |
107.1 m |
115.7 m |
8.6 m |
6.15% |
0.17% |
8.14 g/t |
39.70 g/t |
A-062 |
59.3 m |
61.1 m |
1.8 m |
6.92% |
|
4.62 g/t |
17.14 g/t |
A-063 |
113.7 m |
114.3 m |
0.6 m |
17.55% |
|
49.23 g/t |
404.64 g/t |
129.4 m |
132.8 m |
3.4 m |
8.86% |
|
8.88 g/t |
68.16 g/t |
138.9 m |
141.5 m |
2.6 m |
4.69% |
|
4.04 g/t |
11.14 g/t |
A-065 |
121.6 m |
125.7 m |
4.6 m |
7.67% |
|
6.08 g/t |
21.56 g/t |
139.8 m |
144.5 m |
4.7 m |
2.80% |
|
3.55 g/t |
7.64 g/t |
164.7 m |
167.2 m |
2.5 m |
3.13% |
|
6.95 g/t |
15.44 g/t |
A-066 |
100.6 m |
101.8 m |
1.2 m |
22.90% |
|
36.65 g/t |
39.73 g/t |
159.8 m |
168.8 m |
9.0 m |
6.26% |
|
5.19 g/t |
19.60 g/t |
A-067 |
157.1 m |
158.2 m |
1.1 m |
16.75% |
|
10.96 g/t |
|
A-072 |
188.7 m |
190.9 m |
2.2 m |
5.08% |
|
3.13 g/t |
|
A-073 |
144.8 m |
145.1 m |
0.3 m |
27.90% |
|
32.88 g/t |
|
A-076 |
126.3 m |
129.8 m |
3.5 m |
11.07% |
|
3.02 g/t |
|
A-083 |
94.3 m |
96.3 m |
2.0 m |
4.45% |
|
3.79 g/t |
10.34 g/t |
119.4 m |
132.6 m |
13.2 m |
4.99% |
|
2.88 g/t |
15.91 g/t |
A-084 |
130.3 m |
142.8 m |
12.5 m |
4.58% |
|
5.10 g/t |
17.18 g/t |
A-086 |
50.9 m |
52.1 m |
1.2 m |
7.00% |
|
15.07 g/t |
59.60 g/t |
A-103 |
56.4 m |
59.4 m |
3.0 m |
5.84% |
|
11.61 g/t |
|
U-02 |
44.9 m |
45.6 m |
0.7 m |
2.95% |
|
17.81 g/t |
89.74 g/t |
90.4 m |
91.4 m |
1.0 m |
13.80% |
|
26.72 g/t |
58.91 g/t |
95.8 m |
108.7 m |
12.9 m |
5.75% |
|
3.11 g/t |
15.17 g/t |
U-03 |
8.2 m |
16.6 m |
8.4 m |
13.09% |
|
6.98 g/t |
20.71 g/t |
49.4 m |
64.0 m |
14.4 m |
8.69% |
|
3.41 g/t |
17.49 g/t |
U-04 |
17.4 m |
19.7 m |
2.3 m |
12.77% |
|
4.60 g/t |
14.65 g/t |
85.9 m |
86.6 m |
0.7 m |
7.05% |
|
37.68 g/t |
78.09 g/t |
U-09 |
71.8 m |
75.8 m |
4.0 m |
2.32% |
|
4.32 g/t |
12.43 g/t |
SU-23 |
2.8 m |
10.6 m |
7.8 m |
3.98% |
|
3.33 g/t |
20.54 g/t |
SU-52 |
0.0 m |
5.0 m |
5.0 m |
3.88% |
|
3.01 g/t |
19.82 g/t |
SU-59 |
0.0 m |
4.1 m |
4.1 m |
5.40% |
|
3.51 g/t |
31.04 g/t |
TA-87-27 |
31.1 m |
32.3 m |
1.2 m |
5.60% |
|
17.98 g/t |
37.33 g/t |
TA-87-40 |
81.1 m |
83.5 m |
2.4 m |
10.05% |
|
2.96 g/t |
50.05 g/t |
|
91.4 m |
94.2 m |
2.8 m |
10.82% |
|
3.23 g/t |
19.19 g/t |
TA-90-50 |
65.5 m |
70.1 m |
4.6 m |
4.12% |
|
6.78 g/t |
10.12 g/t |
84.6 m |
87.5 m |
2.9 m |
3.90% |
|
3.20 g/t |
|
95.5 m |
106.7 m |
11.2 m |
10.39% |
0.10% |
2.54 g/t |
19.26 g/t |
114.0 m |
129.5 m |
15.5 m |
6.57% |
0.10% |
8.05 g/t |
23.58 g/t |
TA-90-51 |
197.4 m |
200.0 m |
2.6 m |
5.39% |
0.21% |
3.52 g/t |
20.10 g/t |
TA-90-52 |
201.2 m |
203.3 m |
2.1 m |
5.21% |
|
5.70 g/t |
11.60 g/t |
TA-90-56 |
81.0 m |
84.4 m |
3.4 m |
5.75% |
|
4.06 g/t |
|
164.4 m |
166.9 m |
2.5 m |
5.23% |
|
6.18 g/t |
|
215.7 m |
219.6 m |
3.9 m |
6.74% |
|
3.95 g/t |
|
TLT-09 |
247.4 m |
249.7 m |
2.3 m |
|
|
4.28 g/t |
|
The Berrigan project is just one of over a dozen priority targets identified in Chibougamau Mines' large package of 100% owned land holdings. Geophysical surveys have also started on a number of these priority targets, as part of a first phase exploration program to evaluate targets and the effectiveness of new, never previously applied geophysical techniques. In addition historical data has been acquired and is being evaluated in light of new and innovative geological interpretations.
Globex Mining Enterprises Inc. maintains a 3% GMR on the entire Chibougamau Mines' land package as a result of the recent spin out transaction.
Jack Stoch, P.Geo. President and CEO of Globex Mining Enterprises Inc and Chibougamau Independent Mines Inc. wrote this press release in his capacity as QP under applicable regulations.
We Seek Safe Harbour |
Foreign Private Issuer 12g3 – 2(b) |
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CUSIP Chibougamau Independent Mines - CBG-V 167101 10 4 |
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CUSIP Globex Mining Enterprises – GMX 379900 50 9 |
Forward Looking Statements
Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available in the current Globex's "Annual Information Form" available on SEDAR at www.sedar.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
Jack Stoch, P.Geo., Acc.Dir., President & CEO Globex Mining Enterprises Inc. Chibougamau Independent Mines Inc. 819.797.5242 819.797.1470 (FAX) info@globexmining.com www.globexmining.com
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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$ 42.1 millions as of today (US$ 31.0 millions, € 27.9 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. |
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