Mooseland Gold Royalty Property Transaction Generates Cash and Potential Production Revenue for Globex
28 Fevereiro 2022 - 11:00AM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) is pleased to inform shareholders
that NSGold Corp. has been sold to Atlantic Mining NS Inc. a wholly
owned subsidiary of St Barbara Ltd. which is operating the Moose
River Consolidated Gold Mine 13 km from NSGold’s Mooseland Gold
Mine property.
The Mooseland Gold Mine was acquired by NSGold
from Globex and through a series of transactions, Globex retains
1,745,408 NSGold shares and a 2% Gross Metal Royalty. Under the
NSGold/St Barbara transaction, Globex’s shares valued at $0.40 per
share are being purchased realizing an immediate gain for
Globex of $698,163.20.
The Mooseland Gold Mine Property has an inferred
Resource per an update NI 43-101 Resource Report titled “Updated NI
43-101 Resource Report for the Mooseland Gold Property, Halifax
County, Nova Scotia, dated September 16, 2020 by Wm. Douglas Roy,
M.A.Sc., P. Eng. And Patrick J.F. Hannon, M.A.Sc., P.Eng., MineTech
International Limited, Halifax, Nova Scotia.”
Using a cutoff grade of 2.0g/t Au, the following
Inferred Resources are reported:
Zone |
Tonnes |
Gold Grade (g/t) |
Contained Gold Ounces |
West Zone |
2,011,000 |
4.64 |
300,000 |
East Zone |
1,443,000 |
4.81 |
223,000 |
|
Total Tonnage 3,454,000 |
Average Grade 4.71 g/t |
Total 523,000 oz. |
The NI 43-101 report is available on Globex’s
website at www.globexmining.com, Properties, Media Center,
Technical Reports. Globex retains a 2% Gross Metal
Royalty on all production from the property. Globex
expects that the zones will be bulk tested and mined with the
material processed at the nearby Moose River mill. The property has
additional gold exploration potential both at the mine site and
further afield. Underground access is already available on the
property via a shaft and more recent ramp.
This press release was written by Jack Stoch,
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 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
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.
55,372,917 shares issued and
outstanding
Globex Mining Enterprises (TSX:GMX)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Globex Mining Enterprises (TSX:GMX)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024