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GMX Globex Mining Enterprises Inc New

1.09
-0.02 (-1.80%)
Last Updated: 15:03:48
Delayed by 15 minutes
Share Name Share Symbol Market Type
Globex Mining Enterprises Inc New TSX:GMX Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -1.80% 1.09 1.08 1.09 1.11 1.08 1.11 4,660 15:03:48

Cartier Drill Results on Globex Royalty Claims

17/10/2024 2:23pm

GlobeNewswire Inc.


Globex Mining Enterprises (TSX:GMX)
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GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Cartier Resources (TSX-V:ECR) has released additional drill results from drilling collared near the north boundary of several Globex 3% Gross Metal Royalty (GMR) claims. The drill holes are collared on Globex royalty claims and pass out of the royalty claims at a vertical depth of approximately 200 metres.

The current results include 14.7 g/t Au over 4.3 m within 5.2 g/t Au over 20.6 m and 15.0 g/t Au over 1.0 metre within 5.7 g/t Au over 4.0 metres in the North Contact Zone. The lengths of the mineralized intersections are expressed as measured core lengths. True lengths are 60 percent to 90 percent of the reported lengths.

Cartier’s current press release may be accessed here.

Globex has a large package of 3% GMR royalty claims along strike of the Chimo Mine with several partially defined gold resources in addition to gold zones outside the principal gold bearing structure such as the North Contact Zone, the subject to the current press release.

Globex is pleased with the progress by Cartier both in defining and discovering new mineralized gold zones as well as better outlining gold resources on the Globex 3% GMR claims.

This press release was written by Jack Stoch, P. 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 9LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X 2J1Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.comwww.globexmining.com

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 expectations and projections of Globex Mining Enterprises Inc. (“Globex”).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.  A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.

56,059,836 shares issued and outstanding

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