Brunswick Intersects High Grade Lithium Mineralization on Globex Royalty Property
05 Décembre 2023 - 8:32PM
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
shareholders with an update of the inaugural drill results from
holes completed by
Brunswick Exploration Inc. (TSXV-BRW,
BRWXF- OTCQB) on Globex’s Lac Escale (Mirage) lithium royalty
property in the Eeyou Istchee-James Bay region of Quebec, Canada
(NTS 33H09).
Brunswick has completed 36 drill holes
designed to test, at shallow vertical depths of less than 150
metres, pegmatite dykes outlined in mapping of surface
outcroppings, to determine their geometry and orientation. In total
5,090 metres was drilled with 33 of the 36
holes intersecting mineralized pegmatites. Mineralized
pegmatites were intersected along three major NE-SW axis within a
two-by-two kilometres area along a strike length of 1.5 kilometres.
The three axes are termed the North, Central and South
Zones.
Intersections include Bonanza
grades and significant widths such as:
2.57% Li2O over 25.8 m in drill
hole MR-23-02 including 3.08% li2O over 14.2
metres at a vertical depth of 28 metres in the
North Zone
2.18% li2O over 24.8 m in drill
hole MR-23-01 also in the North zone
2.75% Li2O over 16.2 m in hole
MR-23-14 including 3.30% Li2O over 9.5 m at a
vertical depth of 40 metres in the South Zone
An intersection of 1.06% Li2O over 50.6
m in hole MR-23-07 at a vertical depth of 22 metres in the
Central Zone.
Below is the list of lithium assays as reported
in Brunswick’s press release of December 4, 2023 (click to access
Brunswick Press Release).
Hole ID |
Zone |
Dyke |
From (m) |
To (m) |
Length (m) |
Li2O% |
Ta2O5 (ppm) |
MR-23-01 |
North |
MR-1 |
40.0 |
64.5 |
24.5 |
2.18 |
228 |
incl. |
|
MR-1 |
42.5 |
52.0 |
9.5 |
3.06 |
202 |
MR-23-02 |
North |
MR-1 |
8.8 |
34.6 |
25.8 |
2.57 |
239 |
incl. |
|
MR-1 |
8.8 |
23.0 |
14.2 |
3.08 |
268 |
MR-23-03 |
North |
MR-2 |
23.3 |
29.5 |
6.2 |
1.12 |
227 |
MR-23-04 |
North |
MR-2 |
27.8 |
30.3 |
2.5 |
0.52 |
141 |
MR-23-05 |
Central |
MR-3 |
5.5 |
45.8 |
40.3 |
0.86 |
87 |
incl. |
|
MR-3 |
5.5 |
15.5 |
10.0 |
1.48 |
99 |
Incl. |
|
MR-3 |
39.5 |
45.8 |
6.3 |
1.16 |
148 |
MR-23-06 |
Central |
MR-3 |
17.7 |
55.1 |
37.4 |
1.02 |
93 |
incl. |
|
MR-3 |
42.6 |
48.1 |
5.5 |
2.23 |
135 |
MR-23-07 |
Central |
MR-3 |
22.0 |
72.5 |
50.6 |
1.06 |
105 |
incl. |
|
MR-3 |
30.7 |
43.2 |
12.5 |
1.76 |
192 |
MR-23-08 |
Central |
MR-3A |
10.6 |
12.7 |
2.1 |
0.33 |
112 |
MR-23-09 |
Central |
MR-3 |
66.0 |
77.3 |
11.3 |
0.89 |
69 |
MR-23-10 |
Central |
MR-3 |
39.4 |
87.2 |
47.8 |
0.99 |
80 |
incl. |
|
MR-3 |
39.4 |
52.4 |
13.0 |
1.29 |
81 |
Incl. |
|
MR-3 |
79.4 |
87.2 |
7.8 |
1.55 |
73 |
MR-23-11 |
Central |
MR-3 |
83.8 |
118.6 |
34.9 |
1.01 |
Assay pending |
incl. |
|
MR-3 |
98.7 |
106.0 |
7.3 |
1.75 |
MR-23-12 |
Central |
MR-3 |
92.0 |
133.1 |
41.1 |
1.04 |
94 |
incl. |
|
MR-3 |
103.0 |
109.0 |
6.0 |
2.49 |
203 |
MR-23-14 |
South |
MR-4 |
46.5 |
62.7 |
16.2 |
2.75 |
98 |
incl. |
|
MR-4 |
52.5 |
62.0 |
9.5 |
3.30 |
113 |
Holes 13 and 15 through 36 are
pending.
Globex is pleased with the success
demonstrated by Brunswick’s initial drill program results and looks
forward to assays from the remaining 23 holes yet
to be reported. Brunswick has indicated that they
intend to drill an additional 15,000 metres in the next exploration
program and to this end, have established a winter camp on the
property.
Globex maintains a 3 % Gross Metal
Royalty on the Lac Escale portion of the Mirage property and a 1-
kilometer area extending outward from the Globex royalty claim
boundaries. All the drill intersections reported herein are within
the Globex royalty area.
As reported in a November 28, 2023,
Globex press release, Brunswick has prepaid all cash and share
option payments in order to lock up 100% interest in the Globex
claims subject only to the 3% GMR royalty and a $100,000 per year
advance royalty.
Surface plan of the Lac Escale (Mirage)
area currently drilled.
Cross Section Along Central
Zone
Cross Section Along North
Zone
Cross Section Along South
Zone
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.
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