Emperor Continues Open Pit Model Definition
10 Janvier 2024 - 5:07PM
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 inform shareholders
that
Emperor Metals Inc. (AUOZ-CSE, EMAUF-OTCQB and
FSE-9NH) have reported additional drill results from their
14 hole drill program on Globex’ 50% owned
Duquesne
West gold property on the Porcupine-Destor gold localizing
break, north of Rouyn-Noranda, Quebec in Duparquet township (click
to Emperor’s press release).
Emperor optioned the property
as announced by Globex on October 12, 2022 (click to
Duquesne West option announcement).
Emperor is testing their “open pit concept” (see
figure 1) which shows the proposed pit with a potential depth of
400 metres and a footprint of 1.8 km by 0.8 km. “Initial
exploration in 2024 will strategically focus on the area of the
Phase 1 pit design”.
Over 3,000 metres of historical core has also
been sampled and will be sent for assay. Approximately 25% of
samples sent from the current 14-hole drill program have yet to be
received.
Current reported drill results include:
Hole # |
Width (m) |
Au (g/t) Au |
DQ23-02 |
3.65 |
6.25 |
Including |
1.15 |
12.17 |
Previously reported |
10.65 |
3.97 |
|
|
|
DQ23-07 |
15.7 |
0.82 |
Including |
7.0 |
1.82 |
|
7.2 |
2.80 |
|
2.0 |
2.42 |
|
21.5 |
0.40 |
True widths are estimated to be 90% of
intersection widths.
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.
An image accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d2779a17-32da-424a-b294-fb312a50a679
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