Mr. Jack Stoch reports
MORE ASSAY RESULTS AT MIRAGE (LAC ESCALE) LITHIUM PROPERTY
Globex Mining Enterprises Inc. has provided an update to shareholders regarding drilling by Brunswick Exploration Inc. on Globex's royalty property in the James Bay area of Quebec.
Drilling at the Mirage (Lac Escale) property by Brunswick continues to intersect wide widths of lithium-bearing mineralization in its drill campaign focused on the
Central zone
within Globex's large royalty claim package:
-
1.59 per cent Li2O (lithium oxide) over 58.1 metres in hole MR-23-49;
- 1.71 per cent Li2O over 31.6 metres in hole MR-23-60;
- 1.03 per cent Li2O over 18.6 metres also in hole MR-23-60;
- 0.93 per cent Li2O over 12 metres also in hole MR-23-60.
Thirty-five drill holes were completed, prioritizing near-surface lithium mineralization, and assays are pending for a further 32 drill holes.
Access Brunswick's press release, including maps and sections, on-line.
Globex retains a 3-per-cent gross metal royalty, of which 1 per cent may be purchased for $1-million by Brunswick, and, at the fifth year following the coming into force of the agreement (already reached), Brunswick will commence to pay Globex a $100,000 per year advance royalty.
This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex in his capacity as a qualified person (QP) under National Instrument 43-101.
We seek Safe Harbor.
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