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Globex Mining Enterprises Inc.
Summary
| Project: | Bateman Bay | |
|---|---|---|
| Deposit: | C-3 Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Cobalt | |
| Date: | 4/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-4-2019: Globex Mining Enterprises Inc. announces an Exploration/Drilling Update report for its C-3 Zone deposit at the Bateman Bay project. Drilling results incl. 22.00m @ 4.33% Cu, 3.69g/t Au, 19.62g/t Ag from 375.60m. April 22, 2019 - Rouyn-Noranda, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jack Stoch (Internal) | |
| ABSTRACT: | April 22, 2019 - Rouyn-Noranda, Quebec, Canada. CHIBOUGAMAU INDEPENDENT MINES INC. (CBGTSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) and GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Lang & Schwarz and Tradegate Stock Exchanges in Germany and GLBXF – International OTCQX in the US) are pleased to report to shareholders the results of analysis of two drill holes completed on the 100% Chibougamau Independent Mines Inc. owned C-3 Zone on the Bateman Bay property located in McKenzie township, east of the Town of Chibougamau, Quebec. Globex Mining Enterprises Inc. holds a 3% Gross Metal Royalty on the Bateman Bay property and most of the other Chibougamau Independent Mines assets as a result of the spin out of Chibougamau Independent Mines Inc. to Globex shareholders. For additional information regarding the drill holes, please see the Chibougamau/Globex press release dated April 4, 2019 at https://www.globexmining.com/news.php. Drill hole BJ-19-17 intersected the C-3 Zone at a vertical depth of 340 metres (1,115 ft), 80 metres (262 ft) below and 25 metres (82 ft) southeast of drill hole BJ-16-16 which returned 3.61% Cu, 1.72 g/t Au and 11.9 g/t Ag over 12.5 metres (41.0 ft). Hole BJ-19-17 returned two intersections of 3.46% Cu, 2.75 g/t Au and 10.81 g/t Ag over 12.47 metres (40.9 ft) and 8.49 % Cu, 7.55 g/t Au and 49.22 g/t Ag over 5.90 metres (19.36 ft) from 375.60 metres to 388.07 metres and 391.70 metres to 397.60 metres respectively. | |
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