Globex Mining- Startschuss ??? (Seite 3275)

[ZYREX]

1507 DJ 24-Nov-05 at 17:45:00 19:27
PRESS RELEASE: Globex & Queenston Acquire Central Cadillac Gold
Mine Property, Release Combined Gold Grade and Announce an
Additional High Grade Gold Intersection

Symbol: C/GMX C/QMI
Industry: MNG PCS
Subject: DJIN DJN DJWB CAC CNW DJWI PRL TNM TPCT
Market Sector: BSC NND TPX
Geographic Region: CN NME ONT QBC
Product/Service: TAP

ROUYN-NORANDA, Quebec--(BUSINESS WIRE)--Nov. 24, 2005--
Joint venture partners, GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(PINK
SHEETS:GLBXF)(FRANKFURT:G1M) and Queenston Mining Inc.
(TSX:QMI)(STUTTGART:QMI), are pleased to announce the purchase of 100%
interest in the Central Cadillac Gold Mine property subject to a 11/2% Net
Smelter Royalty.

The acquisition extends the joint venture holdings on the gold localizing
Cadillac Break by an additional +800 m (+2,600 ft) beyond the Wood Gold Mine`s
western boundary.

The recently announced (press release November 22, 2005) high grade gold
intersection in the east-west trending Upper D Zone averaging 25.3 g/t Au over
6 m in drill hole W05-09 on the Wood Gold Mine property is located roughly 200
m (650 ft) east of the common Central Cadillac-Wood Gold Mine boundary. As a
result of this acquisition, there is now greater than 1,000 m (3,300 ft) of
high potential exploration ground available to the joint venture west of the
high grade intersection and 2,600 m (8,500 ft) to the east.

The Central Cadillac Gold Mine produced 63,157 oz of gold intermittently
from 1939 to 1949 principally from flat-lying quartz-tourmaline veins and to a
lesser extent from steeply dipping auriferous, semi-massive pyrite horizons
near or in banded iron formations. Previous owners reported a historic, non
NI 43-101 conformable resource, which may or may not be reliable, of 479,000
tons grading 0.154 oz (5.3 g/t) gold to a depth of 1,050 ft (320 m) peripheral
to the old mine workings as calculated by D.J. Patrick Ph.D. of A.C.A. Howe
International Ltd. in 1988.The horizon which hosts the D Zone mineralization
on the Wood Mine property does not appear to have been previously explored at
Central Cadillac.

Combined Gold Grade

Also, in response to an enquiry regarding the overall grade of the combined
core length of the Upper D, Middle D and Lower D gold zones including the
intervening material between the zones in hole W05-09, Globex and Queenston
are pleased to provide the following weighted average gold grades over the
combined mineralized interval.


HOLE W05-09 (Uncut)
------------------------------------------------------------
DEPTH (m) LENGTH Au (g/t) LENGTH Au oz/T
(m) (ft)
------------------------------------------------------------
201.5 - 229.5 28 8.51 91.86 0.25
------------------------------------------------------------

HOLE W05-09 (Cut to 1 oz/T Au)
------------------------------------------------------------
201.5 - 229.5 28 4.88 91.86 0.14
------------------------------------------------------------

Observed mineralization consists of free gold in highly contorted
talc chlorite schist. The core length may or may not be equal to
true width.

Additional Gold Intersection

In addition, Globex and Queenston have received final assays from
sedimentary rock units near the bottom of hole W05-09, 17 metres
below the previously announced combined gold intersection. A
sheared, carbonatized mudstone with a small amount of pyrite,
arsenopyrite and quartz returned the following weighted average gold
grade:

HOLE W05-09
------------------------------------------------------------
DEPTH (m) LENGTH Au (g/t) LENGTH Au oz/T
(m) (ft)
------------------------------------------------------------
246.5 - 248.0 1.5 68.19 4.92 1.99
------------------------------------------------------------


All assays have now been received from hole W05-09.

The drill program was managed by Globex Mining Enterprises Inc. under the
direction of Globex`s qualified person, chief geologist, Ray V. Zalnieriunas,
P. Geo. employing a QA/QC program consistent with National Instrument 43-101
and industry best practices. The drill core was logged and split and
half-core samples were analyzed by standard fire assay with atomic absorption
or gravimetric finish at Expert Laboratory Inc. of Rouyn-Noranda, Quebec.
Geochemical assays greater than 1 g/t were subjected to a gravimetric fire
assay.

We Seek Safe Harbour

GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (PINK SHEETS:GLBXF) (FRANKFURT:G1M)
Queenston Mining Inc. (TSX:QMI)

CONTACT: Globex Mining Enterprises Inc.
Jack Stoch, P. Geo.
President & CEO
[phone]
Fax: [phone]
[e-mail]
www.globexmining.com
OR
Queenston Mining Inc.
Charles E. Page, P.Geo., President & CEO
Hugh D. Harbinson, Chairman
[phone]
Fax: [phone]
[e-mail]
www.queenston.ca

SOURCE: GLOBEX MINING ENTERPRISES INC.
Copyright Business Wire 2005

(END) Dow Jones Newswires
11-24-05 1745ET
End of News

[mauserla]

Latest price (Nov 24, 2005 16:15 EST) $ 2.50
2,5 CAD
Canada Dollars = 1,81 EUR
Euro

[FOXTOM]

Charttechnisch geht hier garnichts....bin vor 2 Tagen deshalb raus....was ist passiert, über Nacht kam diese Hammermeldung. Ich habe gut 20% verpasst. Sind zwar noch 40% übrig, aber trotzdem ägerlich. Ich sitze das Ding jetzt aus bis 6 Euro. Wenn du dir die Marktkapitalisierung ansiehst und dann mal hochrechnest was die Funde wert sind, dann muss man sich wundern, das der Kurs noch so tief ist. Also immer schön nachkaufen...hier passiert noch was.

Gruß,

Fox

[Allianzer]

[posting]18.968.338 von kolmili am 24.11.05 18:08:36[/posting]Bei was steht denn der Kurs in Canada??
Ansonsten kein prägnanten News aber die entdeckte Goldader soll wohl recht profetabel sein was heisst ab in den Norden und wenn auf den anderen feldern auch noch was entdeckt wird beginnt die hause erst richtig

[kolmili]

seht ihr die kurse aus canada auch immer 30 min verzögert. und was ist in frankfurt los gibts schon wieder news ??

[Allianzer]

[posting]18.968.124 von kolmili am 24.11.05 17:50:33[/posting]ist halt ne gute Aktie und auch die Kanadier wissen was damit anzufangen

[kolmili]

mir ist so unbegreiflich wie man mit einem tagesplus von 36 %, heute schon wieder steigende kurse in canada verzeichnen kann .

[jannmar]

Ich kann nur jeden raten kein Stück zu verkaufen,denn von den 70 Projekten haben mindestens 10 schon fortgeschrittenen bzw. aussichtsreichen Status.Diesbezüglich werden bald News erwartet.
Charttechniken kann man bei solchen Werten sowieso vergessen.Hier kommt es mehr darauf an,welche Fortschritte bzw.Erfolge die einzelnen Projekte machen.

mfg.

[kolmili]

Was sind die angekündigten neuen news und wann kommen oder sollten sie kommen ??

[Montekaolino]

Bin der Meinung das sich der Kurs um 1,59 nach unten bewegen wird tiefer kann ich mir nicht vorstellen.In Frankfurt wurde der Kurs in kurzer Zeit zwischen 1,61 und 1,66 zu Verkauf gestellt. Sobald neue Käufer aufgetreten sind wurde der Kurs nach oben gestellt. Abnehmer sind da.
Wenn einer verkaufen will wird der Kurs sofort nach unten gestellt. Abwarten was in Kanada geschied und welche neu
Bohrergebnisse kommen.
Montekaolino