Drilling Restarts on Globex Royalty Assets on Cadillac Break
18 Septembre 2023 - 3:01PM
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 a brief
update on work planned by Radisson Mining Resources Inc. (RDS-TSXV,
RMRDF-OTCQB) on the O’Brien Gold Project located in Cadillac
township, Quebec. The property straddles the prolific gold
localizing Cadillac Break.
Radisson has announced that a
10,000-metre drill program is currently underway
which “will focus on expanding the current mineral resource
estimate.” The Phase 1 drill program will focus on 20 of the
highest priority targets out of 118 targets established at
O’Brien East, near the current resource (587,121
oz. Au), primarily within vertical depths between surface and 500 m
of less explored areas, such as high-grade Trends #3 and #4 among
others.
Globex retains a 2% Net Smelter Royalty
on Trends #3 and #4 and others in the O’Brien East Area (Kewagama)
as well as the underexplored 700 metres east of the former Kewagama
Gold Mine. See attached plan map and longitudinal section. Note: At
its east boundary the O’Brien property adjoins Globex’s 100% owned
Central Cadillac-Wood Gold Mines property.
Radisson has also re-interpreted drill data
along the Larder Lake-Cadillac Break within the O’Brien
West portion of their property where an “Inferred Resource
totalling 293,600 tonnes grading 7.59 g/t Au” has
been outlined and is open in all directions.
Globex holds a 1% Net Smelter Royalty on
much of the O’Brien West Area (formerly called the New Alger or
Thompson Cadillac Gold Mine).
Click here to access the Radisson press
Release.
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.
Plan Map and Corresponding Longitudinal
Section of the O’Brien Property Showing
Various Trends
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/90fe5b41-7a2b-4b76-a4d4-1037c47993ae
Globex Mining Enterprises (TG:G1MN)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Globex Mining Enterprises (TG:G1MN)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024