Globex Acquires a Large Silver Exploration Licence in Saxony, Germany - Seite 2

Mineralization is divided between the EARLY high and low temperature epithermal assemblages listed directly below:

Pyrite dominated - Zn-Pb-Cu, Ag, ± Sn, ±W, ± Au

Silver dominated - Ag, Sb, minor Pb, Zn, Cu and ± Au

Lead dominated - Pb-Ag, Zn-Cu, ± Au

and LATE lower temperature epithermal assemblages which occur as three principal types:

Barite dominated - Pb-Ag-Cu

Barite dominated - Pb-Cu-Zn, ± Ag

Barite dominated - Ag-Ni-Co-As-Bi, ± Cu

The veins in the Bräunsdorf licence are thought to be dominated by lower temperature epithermal mineral assemblages which could indicate that higher grade silver mineralization may extend to greater depth than in other mining areas.

Each mining camp has its own history. For example, the Bräunsdorf Mining Camp which produced 112.5 t of silver from 1673 to 1862 from low temperature, epithermal silver dominated veins. The veins varied in width up to 4.2 m along a strike length of 2,600 m with production depths of up to 250 - 290 m in the central and southern section and from shallow depth in the northern 1 km. The mine functioned from two inclined shafts on 8 levels, the deepest being at 281 m. The principal vein extends from some 460 m along strike near surface to 300 m along the deepest (No. 8) level as a single vein which then branches into several often horse tailing vein structures. The vein system may continue for some 7 km as far as the Großvoigtsberg Mining Camp but has not been explored, due to the overburden cover. Ore shoots of up to 4.3 kg/t Ag (4,300 g/t Ag) are reported.

Other mining camps in the Bräunsdorf licence (with production from incomplete historical records) include:

Halsbrücke (Großschirma) - 319.6 t Ag, 46,381 t Pb, 370 t Cu, 3,000 t barite, 341 t fluorite.

Reichenbach & Grauer Wolf (prospects) - unknown

Großvoigtsberg - 31.5 t Ag

Hohentanne - 10.0 t Ag

Kleinvoigtsberg 192.8 t Ag

Obergruna 159.0 t Ag + Cu and Zn

Siebenlehn - 0.77 t Ag

Munzig - 0.89 t Ag

Scharfenberg 55 t Ag, 1,907 t Pb

In addition to the silver potential of the Bräunsdorf licence, there is exploration potential for zinc-lead, particularly in the Scharfenberg - Munzig - Kleinvoigtsberg - Großvoigtsberg-Obergruna mining camps, by-product tin (Sn) and associated Cu, Zn between Bräunsdorf and Obergruna as well as graphite, barite and fluorite.