Globex Acquires Property Covering Potential Extension of Monster Property Gold Structure
09 Dezembro 2013 - 12:55PM
Marketwired
Globex Acquires Property Covering Potential Extension of Monster
Property Gold Structure
ROUYN-NORANDA, QUEBEC--(Marketwired - Dec 9, 2013) - GLOBEX
MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF)
wishes to inform shareholders that it has acquired a continuous
block of 26 cells covering a linear north south length of over 9.2
kilometers beginning at the northeastern boundary of the TomaGold
Corporation property where Iamgold Corporation recently announced a
buy in and work option to earn 50% interest in TomaGold's property
for a combined investment of $17.75 million (see TomaGold and
Iamgold press release dated November 12, 2013).
The TomaGold, Monster Property, encloses a roughly northeast
trending quartz vein system which has been outlined by more than
two hundred drill holes over a strike length of at least 4.5
kilometers.
Gold within the quartz vein system has produced, in some cases,
bonanza gold grades such as recent drill hole M-12-60 which
returned 237.6 g/t Au over a 5.7m core length (Source: TomaGold
Website).
Globex acquired an initial claim block tying directly onto the
northeastern boundary of the TomaGold claim group in the fall of
2012. Last winter, Globex undertook magnetometer and induced
polarization surveys and over the summer, geological mapping along
what is thought to be the strike extension of the TomaGold
mineralized structure. The surveys indicated several well-located
anomalies which Globex intends to drill this winter. Globex also
expects to complete geophysical surveys over many of the newly,
added claims this winter and will undertake mapping and prospecting
next summer.
This press release was written by Jack Stoch, P. Geo., President
and CEO of Globex in his capacity as a Qualified Person (Q.P.)
under NI 43-101.
We
Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP
Number 379900 50 9 |
Forward Looking Statements
Except for historical information, this news release may contain
certain "forward looking statements". These statements may involve
a number of known and unknown risks and uncertainties and other
factors that may cause the actual results, level of activity and
performance to be materially different from the expectations and
projections of Globex Mining Enterprises Inc. ("Globex"). No
assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Globex will derive therefrom. A more
detailed discussion of the risks is available in the "Annual
Information Form" filed by Globex on SEDAR at www.sedar.com
33,434,062 shares issued and
outstanding
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises
Inc.819.797.5242819.797.1470info@globexmining.comwww.globexmining.com
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