Emperor Reports First Drill Results on Globex’s Duquesne West Property
12 Septembre 2023 - 2:30PM
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 provide an update
regarding drilling by
Emperor Metals (CSE:
AUOZ, OTCPK: EMAUF, FSE: 9NH) on the
Duquesne West
Gold property in Duparquet township, Quebec (NTS-32D06)
under option from 50% Globex owned Duparquet Assets Ltd. (see
Globex press release dated October 12, 2022)
Emperor has completed six drill holes to date
totaling 5,500 metres of the planned +8,000 metre program.
Partial assay results are available from the
first two drill holes and include the following:
- Hole DQ23-01 intersected 5.6 g/t Au
over 11.7 m (38.4 feet).
- Hole DQ23-02 intersected 3.97 gt Au over 10.65 m (34.9
feet) at a core depth of 540.25 m and an addition wide intersection
of 1.69 gt Au over 25.0 m (82 feet). (Note: This hole was
recollared and extended. Assays are pending). Click to access
Emperor’s press release of September 12, 2023.
See Figure 1 below for details
of current assay results.The optioned Duquesne West property
consists of 38 cells which straddle the gold localizing
Porcupine-Destor Break which hosts numerous gold deposits across
the Abitibi of Quebec and Ontario. Previous drilling has
intersected a significant number of gold zones along the entire
strike length of the property.
An NI 43-101 resource estimate titled “Technical
Report and Mineral Resource Estimate Update for the Duquesne
West/Ottoman property, Quebec, Canada, for Xmet Inc.", prepared by
David Power Fardy, M.Sc., P. Geo., Senior Geologist and Kurt
Breede, P.Eng., Senior Resource Engineer of Watts, Griffis and
McOuat dated October 20, 2011, was completed.
Tonnes |
Au (g/t) (Capped) |
Contained Au (oz) (Capped) |
Au (g/t) (Uncapped) |
Contained Au (oz) (Uncapped) |
4,171,000 |
5.42 |
727,000 |
6.36 |
853,000 |
The NI 43-101 is available here or on Globex’s
website. It is worth noting that the Duquesne West property is
bounded on the west and east by First Mining Gold’s Pitt and
Duquesne Mine properties on which First Mining reported 2,691,000
tonnes grading 2.67 g/t Au and 11,330,000 tonnes grading 2.24 gt Au
respectively in press release dated September 7, 2023.
Figure 1 – Partial assay results from Hole No
DQ23-01 and DQ23-02, Source: Emperor’s PR
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t Au) |
1DQ23-01 |
531.30 |
532.20 |
0.90 |
4.96 |
|
532.20 |
532.70 |
0.50 |
2.95 |
|
532.70 |
533.70 |
1.00 |
3.01 |
|
533.70 |
534.35 |
0.65 |
11.96 |
|
534.35 |
535.00 |
0.65 |
2.00 |
|
535.00 |
535.50 |
0.50 |
19.27 |
|
535.50 |
536.35 |
0.85 |
5.57 |
|
536.35 |
536.95 |
0.60 |
3.21 |
|
536.95 |
537.50 |
0.55 |
2.30 |
|
537.50 |
538.00 |
0.50 |
1.30 |
|
538.00 |
538.90 |
0.90 |
13.01 |
|
538.90 |
539.45 |
0.55 |
12.52 |
|
539.45 |
540.00 |
0.55 |
6.66 |
|
540.00 |
540.65 |
0.65 |
2.63 |
|
540.65 |
541.25 |
0.60 |
5.11 |
|
541.25 |
542.25 |
1.00 |
1.05 |
|
542.25 |
543.00 |
0.75 |
2.07 |
Wt. Avg. |
11.70 |
5.63 |
Including |
5.75 |
7.98 |
|
|
|
|
|
|
551.00 |
551.50 |
0.50 |
8.21 |
Wt. Avg. |
0.50 |
8.21 |
|
|
|
|
|
1DQ23-02 |
540.25 |
541 |
0.75 |
13.19 |
|
541.00 |
541.75 |
0.75 |
4.64 |
|
541.75 |
542.55 |
0.80 |
2.97 |
|
542.55 |
543.25 |
0.70 |
2.9 |
|
543.25 |
544.25 |
1.00 |
3.01 |
|
544.25 |
545.25 |
1.00 |
5.92 |
|
545.25 |
546.25 |
1.00 |
3.32 |
|
546.25 |
547.25 |
1.00 |
2.29 |
|
547.25 |
548.00 |
0.75 |
1.61 |
|
548.00 |
548.75 |
0.75 |
1.81 |
|
548.75 |
549.75 |
1.00 |
0.86 |
|
549.75 |
550.30 |
0.55 |
9.52 |
|
550.30 |
550.90 |
0.60 |
2.11 |
Wt. Avg. |
10.65 |
3.97 |
Including |
5.00 |
5.34 |
|
|
|
|
|
|
814.00 |
841.00 |
25.0 |
1.69 |
Wt. Avg. |
25.0 |
1.69 |
Including |
7.00 |
3.12 |
1Note: Host Structures are interpreted to be steeply dipping and
true widths are generally estimated to be 90%. |
Duquesne West, Quebec property
map
Globex is pleased with the progress reported by
Emperor and looks forward to additional disclosures of assay
results.
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.
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
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470
info@globexmining.com www.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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9fa69689-3a3f-46a7-ae8a-b7d9c772f4e0
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