01:56:41 EDT Thu 25 Apr 2024
Enter Symbol
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USA
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Globex Mining Enterprises Inc
Symbol GMX
Shares Issued 51,053,577
Close 2018-02-05 C$ 0.48
Market Cap C$ 24,505,717
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Globex optionee finds new gold zone at Montalembert

2018-02-06 10:39 ET - News Release

Mr. Jack Stoch reports

NEW GOLD DISCOVERY ON GLOBEX/ENFORCER PROPERTY

Globex Mining Enterprises Inc. optionee Enforcer Gold Corp. has discovered a gold zone (OR79) approximately 1.5 kilometres 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 metre to 0.10 metre. 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 per cent disseminated pyrite in quartz veins.

Assay results from 22 grab samples of isolated outcrops within the area range from 0.50 gram per tonne gold to 9.19 grams per tonne gold. Note: Grab samples are selective by nature and values reported may not be representative of the mineralized zones.

See Enforcer's press release dated Feb. 6, 2018, for detailed assays.

A 20-line-kilometre induced polarization geophysical survey is under way in advance of a 1,500-metre diamond drilling program set to commence in early February.

This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.

We seek Safe Harbor.

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