Globex – Crater Lake Scandium – Rare Earth Property Update
14 Septembre 2023 - 7:54PM
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
on Globex’s 100% owned Crater Lake Scandium property located 200km
east of Schefferville, Quebec. Globex holds half the circular
geological structure that contains the scandium-rare earth deposit
held by Imperial Mining (“Imperial”).
Today, Imperial announced that recent drilling
has enabled them to increase their mineral resources estimate by
58% in total scandium tonnage for the Indicated Resource category
and a 22% increase in total scandium tonnage for the Inferred
Resource category for a total of 27.7 million tonnes representing
an increased projected mine life to 40 years (click to access
Imperial Mining Press Release).
Recently, Globex engaged Terraquest to
fly a High Resolution Aeromagnetic and Matrix Digital VLF-EM Survey
over the entire Globex property. The 239-line kilometer survey has
been completed and we are awaiting the final survey results.
Preliminary results clearly define the rock unit (circular magnetic
high) which localizes the scandium-rare earth deposit on the
adjoining Imperial claims as it traverses the entire strike length
of the Globex claims.
The Globex claims have numerous showings of
scandium and rare earths. Depending upon the final survey results,
we will plan follow-up groundwork over the next field season or
seek an option partner to carry the project forward. Field work was
planned for the 2023 field season but the absence of logistical
helicopter support due to the fire emergency prevented our
undertaking the work.
Crater Lake Scandium-Rare Earth Property,
Aeromag with Mineralized Surface Showings
Yellow line outlines Globex claims.
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/627f1072-ddfe-408c-8fb0-03c3c2041141
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