Globex

Project Updates, Acquisitions, Deals - Seite 3

At our Pandora - Wood Joint Venture Property a $200,000, three-hole drill program totaling 1,802 m started in March and was completed in early April. Two drill holes targeted possible down-dip extensions of two of the best 2013 drill campaign gold intersections located within the North Break. Drill hole CC-15-10 returned 4.22 gpt Au over 2.25 m from 256.85 to 259.10 m and 3.11 gpt Au over 3.0 m from 510.5 to 513.5 m. Drill hole W-15-115 returned 12.26 gpt Au over 2.0 m from 633.0 to 635.0 m and 2.17 gpt Au over 3.0 m from 652.0 to 655.0 m. A third hole was designed to follow up on a shallow 2008 gold intersection south of Ironwood deposit and located in Cadillac sediments. A weakly anomalous interval of 0.35 gpt over 50 cm was intercepted. (Note: True widths are estimated at 55% of intersection widths)

Pandora-Wood constitutes one of Globex's priority gold properties and is located several km west of the currently producing Agnico Eagle Lapa Gold Mine, both located along the prolific gold localizing Cadillac Break. Globex with joint partner Canadian Malartic Corporation will continue work this year and have started a second $200,000 exploration drill program, comprised of 4 holes along the Cadillac structure and a surface litho-geochemical survey on the Amm portion of the property.

Work is ongoing or has already been undertaken by the Company on these Globex properties

• At our Duvan Project we have compiled all information available on the property and completed prospecting over the eastern part of the property. Globex is preparing a 6.5 line km Induced Polarisation (IP) survey to be completed in Q3 of 2015 to identify drill targets.
  
  
• At the Great Plains Base Metal Project, compilation, data interpretation and prospecting were completed earlier this year. A ground electro-magnetic survey follow-up is being considered for later in 2015.
  
  
• In the Joutel camp the Company conducted prospecting, including mapping and grab sampling at the Joutel Mine Project, following a database compilation. Although samples from fieldwork returned only low grade values of copper and zinc, drilling is proposed to explore the zinc-rich southwest zone of the Joutel Mine as a result of information developed from the compilation.
  
  
• Drilling has started on the Eagle Mine Project where an historic resource of 277,710 t grading 5.83 gpt Au is recorded. (Source: Quebec Government File DV-93-01, 1993 by Verpaelst et al) A 950 m drill hole has been planned to test the potential trend of known gold mineralization.