Globex Receives Positive Results on Talc Testing, Royalty Income Increases, Drilling to Start Shortly - Seite 2

 

Assay results are being received from re-sampling of core on our Nordeau gold property located east of Val d’Or, Quebec.  Results will be incorporated into the project data base generated by our previous option partner and analysed to better understand the distribution and control of gold mineralization on the property.

 

On the Wood Pandora project which Globex manages for the Globex/Yamana/Agnico Eagle joint venture, we are awaiting final re-approval of the summer project of mapping, sampling and compilation work from our new partners. Four widely spaced, deep drill holes were completed and all assays have now been received. All target gold bearing horizons were intersected. Widths were similar to those intersected in previous drilling but gold assays were generally lower (ex. 5m grading 2.47 g/t Au, 2m grading 2.97 g/t Au, 1m grading 5.1 g/t Au, 1m grading 4.88 g/t Au)* as can occur when drilling free gold bearing horizons.

*Assays by Techni-Lab of Ste-Germaine-Boulé, Quebec utilizing the fire assay method.

 

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.

 

We Seek Safe Harbour. 

Foreign Private Issuer 12g3 - 2(b)

CUSIP Number  379900 50 9

 

40,793,755 shares issued and outstanding

 

For further information, contact:

 

Jack Stoch, P.Geo., Acc.Dir.

President & CEO

Globex Mining Enterprises Inc.

86, 14th Street

Rouyn-Noranda, Quebec Canada  J9X 2J1

Tel.:  [phone]

Fax:  [phone]

[e-mail]

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