New Spodumene (lithium) Occurrences Discovered on Optioned Globex Claims
22 Août 2023 - 8:12PM
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 update shareholders
on work undertaken by
Brunswick Exploration Inc.
(BRW-TSXV) on Globex’s Lac Escale Lithium property in the
James Bay area of northern Quebec (NTS 33H09).
On August 21, 2023, Brunswick announced the
discovery of multiple outcrops containing spodumene
(lithium mineral) (see photos attached to Brunswick’s
press release here). All the newly discovered lithium bearing
outcrops occur on Globex claims or within a 1-kilometer Globex
royalty perimeter. The spodumene bearing outcrop discoveries are
the result of Brunswick tracing a series of large Spodumene
boulders back to the source area. To date, five significant
spodumene-bearing pegmatite dykes have been identified with
apparent widths of 25 to 80 metres.
Lithium bearing units this wide may potentially be a
significant find.
On January 24, 2023, Globex announced an option
wherein Brunswick may earn 100% interest in the Globex claims
subject to cash payments totaling $500,000 (half cash and half
shares) and $1,000,000 in exploration expenditures over 3 years.
Globex will retain a 3% Gross Metal Royalty (GMR), 1% of
which may be purchased for $1,000,000. The GMR royalty will also
apply to an area of 1 km from the exterior claim boundaries of
Globex’s claims. Should Brunswick earn 100% interest in the claims,
at year 5 or upon reaching an expenditure of $4,000,000, Brunswick
will commence to pay Globex a $100,000 per year advance
royalty.
LAC ESCALE GEOLOGY MAP
Globex is pleased with Brunswick’s progress to
date and looks forward to Brunswick’s continuing exploration
efforts as only a small portion of the property has been
prospected.
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.
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We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
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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
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
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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.
Globex Mining Enterprises (TG:G1MN)
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