Cartier Acquires Globex Royalty Properties from O3
07 Março 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
Cartier Resources Inc (ECR-TSXV), has signed
an LOI to acquire the East Cadillac property in Vauquelin Township,
Quebec, east of Val-d’Or from O3 Mining.
The East Cadillac property covers some 29,754
hectares when including Cartier’s original Chimo Mine property with
a reported Indicated Resource of 684,000 oz Au and 1,358,000 oz Au
in the Inferred Resource category (Refer to: May 7th, 2021 Cartier
Press Release : NI 43-101 Technical Report and Mineral
Resources Estimate Update for the Chimo Project, Québec, Canada, by
Christine Beausoleil, P. Geo and Claude Savard P. Geo., InnovExplo
Inc., May 6, 2021.).
Within the large East Cadillac property,
there are 54 claims totaling 1,454 hectares on which Globex holds a
3% Gross Metal Royalty consisting of the Nordeau
East and West properties as well as the Bateman claims
(see map below). A 2019 report titled: Technical Report and Mineral
Resource Estimate, East Cadillac Gold Project, Val-d’Or, Quebec,
NTS 32C03, 31N14, prepared for Chalice Gold Mines Limited by MRB
& Associates of Val-d’Or, Quebec, dated April 30, 2019 (amended
June 30, 2019) by John Langton, P.Geo. and Vincent Jourdain, P.
Geo. reported an Indicated Resource of 226,000 t grading
4.19 g/t Au and an Inferred Resource of 1,271,900 t grading 4.14
g/t Au.
In addition to the above reported resource, the
property has numerous areas of gold mineralization intersected in
drilling.
Globex is pleased with Cartier’s move to
consolidate the gold potential of the area and looks forward to
Cartier’s further advancement of exploration on Globex’s gold
royalty asset.
In other news, Globex has received the
first $100,000 cash payment from Infini Resources Pty Ltd (Fleur de
Lys Exploration Corp.) as their initial payment in acquiring
Globex’s des Herbiers uranium property in Quebec.
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.comwww.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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6b1e8103-7cb7-4494-806d-4201aaf71e8b
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