Globex Mining Enterprises Inc. is pleased to comment upon the press release yesterday by Azimut Exploration and KGHM International , a large Polish mining concern, regarding the option by KGHM of Azimut's Kukamas gold/copper property in the James Bay area of Quebec. Under the agreement, KGHM can earn up to 70% interest in the property by paying Azimut $475,000 in cash payments and undertaking $6,400,000 in exploration [...]
Globex Mining Enterprises Inc. is pleased to provide shareholders with a brief update regarding the Eagle Gold Mine property optioned by Globex to Maple Gold Mines Ltd. . Update: Maple Gold has completed its second drill program at Eagle. Hole EM-22-009 intersected 11.39 g/t Au over 3 metres including 24.4 g/t Au over 1 metre in a mineralized horizon that is parallel to the main Eagle-Telbel mine horizon. . Three drill [...]
Globex Mining Enterprises Inc. is pleased to update shareholders as regards the work undertaken by Kiboko Gold Inc. on the Fontana area of the Harricana Gold Project, in Duverny township, Quebec . Globex retains a 2% Net Smelter Royalty on Harricana Gold Project claims, including the areas currently being drilled at Fontana and most of the other areas with known significant gold mineralization. Kiboko recently reported [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that it has received the first-year anniversary option payment from Orford Mining Corp. consisting of $100,000 cash and, upon approval of the TSXV, Orford intends to issue 1,428,571 Orford Mining shares to Globex in regards to Orford's option of Globex's Eagle Northwest, Gagné and Valrennes claim packages totaling 191 claims in the Joutel Mining Camp [...]
Orford Mining Corp. is pleased to report the completion of a 718 line-kilometre helicopter airborne electromagnetic survey on its Joutel Eagle Gold Property located along the historical Eagle-Telbel Mine Trend in the Abitibi Greenstone belt. Orford is now preparing for a 2,000 metre diamond drilling program on Joutel Eagle, which will focus on the South Gold Zone. The 50 square kilometre Joutel Eagle Property is being [...]
Globex Mining Enterprises Inc. is pleased to provide with an update on a portion of Globex's Nordeau gold royalty property located approximately 45 km east of Val-d'Or, Quebec, in Vauquelin township . Cartier Resources Inc. on October 13, 2022 published the results of a NI 43-101 Technical Report titled "NI 43-101 Technical Report and Mineral Resource Estimates for the Chimo Mine and West Nordeau gold deposit, Chimo Mine [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that the Duquesne West/Ottoman gold property located in Duparquet Township, Quebec has been, subject to exchange approval, optioned to Emperor Metals Inc. . Terms of the option are the following: Cash Payments totaling ten million dollars payable over a five year period. Share Payments totaling fifteen million shares payable over a five year period. Shares [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Labyrinth Resources have today announced an increase to 500,000 ounces gold as an Inferred Resource at the Labyrinth Gold Project . The project is located in Dasserat Township, Quebec west of Rouyn-Noranda. Globex retains a 5% Gross Metal Royalty on the first 25,000 oz Au produced and 3% Gross Metal Royalty on all production thereafter. The Resource is [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Kiboko Gold Inc. has commenced drilling with two rigs on the Fontana portion of their Harricana Project located in Duverny township, Quebec . Globex maintains a 2% Net Smelter Royalty on the Fontana area. In Kiboko's press release, they state the following: "The Phase 1 exploration program recommended in the Harricana Technical Report consists of 12,450 [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that Radisson Mining Resources has announced numerous high grade gold intersections on Trends 3 and 4 which are located on their Kewagama Gold Mine property on which Globex Mining Enterprises Inc. holds a 2% Net Smelter Royalty. Below we are presenting the Radisson press release in full as it not only indicates significant gold intersections but also that [...]
Globex Mining Enterprises Inc. is pleased to update shareholders on plans by Excellon Resources Inc. regarding the Silver City Property in Saxony Germany, much of which is under option from Globex. As announced yesterday by Excellon: "Excellon is considering the structure and timing of a spin-out of its Silver City Project in Saxony, Germany as a European-focused exploration company. In connection with the prospective [...]
Globex Mining Enterprises is pleased to inform shareholders that it has acquired 100% interest in the Pointe-Aux-Morts dolomite deposit located approximately 5 km west of Havre St-Pierrer. Previous work by QIT Iron and Titanium in 1980-1981 consisted of 56 drill holes which outlined a historical non-NI 43-101 compliant resource of +23,405,000 tonnes grading 20.5% MgO, 30.5% CaO and 0.92% SiO2 (QIT-Fer et Titane inc [...]
+700,00 %
-98,04 %
