Globex Update: Francoeur Mine Property, Quebec
(firmenpresse) - ROUYN-NORANDA, QUEBEC -- (Marketwired) -- 05/30/17 -- GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1MN)(STUTTGART: G1MN)(BERLIN: G1MN)(MUNICH: G1MN)(XETRA: G1MN)(OTCQX: GLBXF) wishes to provide an update as regards our Francoeur/Arntfield gold property located in Dasserat and Beauchastel Townships, Quebec. The property covers approximately 7.5 km of the gold localizing Francoeur-Wasa Shear Zone and includes the Francoeur and Arntfield Gold Mines.
On January 25, 2017, Globex announced a near surface gold intersection grading 1.19 gpt Au over a true width of 40.19 m (132 ft).
Since then Globex has been compiling and studying historical data and visiting outcrop areas with a large tonnage low grade gold mine scenario in mind. Our initial conclusions are the following:
Globex has requested a permit to do three 100 m long trenches in the area of Globex''s wide gold drill hole intersection. In addition, Globex will map, strip and channel sample large outcrop area to the east of the drill hole where grade samples returned numerous signification gold assays. Globex has also initiated preliminary surface visits to areas along the Francoeur-Wasa shear zone where historical trenching and surface sampling has indicated gold values. We expect to be able to report initial grab sample results shortly.
This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
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
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Contacts:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
819.797.5242
819.797.1470 (FAX)
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Datum: 30.05.2017 - 07:31 Uhr
Sprache: Deutsch
News-ID 1506437
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