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Globex Mining Enterprises Inc.
Summary
| Project: | Francoeur Mine | |
|---|---|---|
| Deposit: | Francoeur Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2017: Globex Mining Enterprises Inc. announces an Exploration/Drilling Update report for its Francoeur Mine deposit at the Francoeur Mine project. drilling results incl. 8m @ 4.64g/t Au from 99m. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Ex | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jack Stoch (Internal) | |
| ABSTRACT: | GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is please to inform shareholders of the results of a drill hole on our Francoeur Gold Mine Property, 25 km west of Rouyn‐Noranda, Quebec. The gold intersection occurs at a vertical depth of approximately 90 m (295 ft) below surface in altered and fractured diorite and mafic volcanics with carbonate/silica/hematite alteration. A second series of assays was done to define a potential lower grade gold envelope around the intersection described above. The results from this sampling have now caused Globex to split all the remaining core. Once all the assay results are received, Globex will issue a second press release dealing with the wider low grade zone which may have economic significance as a potential target for open pit mining. | |
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