Globex

Project Updates, Acquisitions, Deals - Seite 2

The property remained dormant for over 40 years with no additional exploration reported. Globex has begun exploration on the property including over 35 km of line cutting to be followed by a detailed magnetometer survey, detailed mapping, trench cleaning and stripping with a hydraulic shovel, large scale sampling of the trenches and channel sampling of the country rock which recently assayed up to 33.5 gpt Au (1.0 oz/ton) in a sample containing no quartz, only 4% pyrite.

A recent email, from a very senior geologist, confirmed that over 40 years ago he examined samples from the trenched quartz vein that contained significant visible gold and that a prospector who saw the initial samples blasted from the first trench remarked that some of the quartz was "held together by wire gold". These first hand observations confirm the presence of coarse visible gold and to some degree the historical data made available in our September 9^th press release.

Globex acquired the copper-nickel Dalhousie Property located approximately 50 km east of the town of Matagami. This property has been explored intermittently since the 1950's with geophysical surveys and drilling. Exploration files report a number of surface showings and historic drilling on the property has returned intervals of copper-nickel mineralization ranging from 0.1% to 5.3% Cu and 0.1% to 0.5% Ni over intervals of 0.18 m to 18.29 m within limited explored areas of the property along a 6 km long mineralized trend. (Note: True widths cannot be determined from the historical data)

Globex has also acquired a Feldspar Property located on the North Shore of the St. Lawrence River, approximately 60 km east of Havre St. Pierre near the town of Baie Johan Beetz, which has a large historical resource. The property is located at tidewater with a large docking facility nearby giving it access to the eastern seaboard of North America and a transport cost advantage. Feldspar of the quality reported at this site is used for industrial scale glass and ceramic manufacture as well as for fillers in paint and other products.

Elsewhere in Canada, in April 2015 Globex acquired the Boularderie Project, 4,064 hectares of prospective potash/salt exploration rights in Cape Breton, Nova Scotia. The potential of the area was initially identified by the Government of Nova Scotia in a drill hole completed in 1984. Within the drill hole, a large stratified salt zone occurs from 495 m to 833 m with potash intervals from 592.4 m to 593.6 m (3.8% K₂O over 1.2 m) and 744.2 m to 749.2 m (6.03% K₂O over 5.0 m). This acquisition presents Globex with a large, unexplored potash‐salt target with tidewater access. To date in 2015, Globex has compiled all available information and re-sampled core from the original discovery hole confirming K₂O values at the respective intervals of 5.7% and 4.53% K₂O.

Throughout the summer and into the fall of 2015, the Company has continued to investigate and explore its mineral portfolio conducting numerous data compilations, field visits, mapping and sampling projects and drilling.