Globex Mining Enterprises Inc. is pleased to inform shareholders that Brunswick Exploration Inc. has started a 5,000-metre drill program on Globex's Lac Escale royalty property in the Eeyou-Istchee-James Bay region of Quebec. Globex retains a 3% Gross Metal Royalty on the Lac Escale claims and within a 1-kilometer area of influence around the claim's external boundaries as well as a $100,000 per year advance royalty [...]
Globex Mining Enterprises Inc. is pleased to direct shareholders to a press release issued today by Lincoln Gold Mining Inc. in which, they report progress as regards Globex's Bell Mountain, Nevada, gold royalty property. The Lincoln update indicates a pre-tax IRR of 63.2% and after-tax IRR of 59.6%. Lincoln states that once financing is in place, it is estimated that the time for construction will be 8 to 10 months with [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that it has optioned its Bald Hill antimony property located in Queens County, New Brunswick, to Big Red Mining Corp. . Under terms of the option agreement, Globex shall receive $2,000,000 in cash, and 1,100,000 shares over a four-year period and a minimum aggregate of $5,000,000 will be spent on the property. Globex will retain a 3.5% Gross Metal Royalty [...]
Globex Mining Enterprises Inc. is pleased to report that Brunswick Exploration Inc. have announced additional lithium bearing intersections from their 12,000 metre drill program on the Mirage Property in the Eeyou Istchee-James Bay area of Quebec, on which Globex retains a 3% Gross Metal Royalty. Drilling focused on the Central Zone including the MR-6 and MR-3 dykes and has continued to intersect wide and well-mineralized [...]
Globex Mining Enterprises Inc. . Further to Globex's note in our December 27, 2024, press release, Lincoln Gold Mining Inc. have announced that they have closed the previously announced acquisition of the Bell Mountain Project in Churchill County, Nevada from Eros Resources Corp. Lincoln have also stated that they are in discussions with various financial institutions for the capital required to take Bell Mountain to [...]
Globex Mining Enterprises Inc. is pleased to report that Emperor Metals Inc. have shared additional results from its 2024 drill program which included 8,166 metres of drilling across 19 new drill holes and approximately 8,000 metres of historical core assays. To date, 70% of the new drilling assays have been reported, but only 35% of the total assays from the combined 2024 drilling and historical core resampling. All [...]
Globex Mining Enterprises Inc. is pleased to report additional assay results from drill holes at Globex's Ironwood Gold Zone on the 100% owned Wood Gold Mine/Central Cadillac Mines property, 2.6 km east of the Town of Cadillac, Quebec in Abitibi. Globex has completed 19 drill holes on the gold zone intersecting the gold zone from sub outcrop to a depth of approximately 225 metres vertical. The program was designed to [...]
Globex Mining Enterprises Inc. is pleased to inform shareholders that we have signed an option agreement with Electro Metals and Mining Inc. as Regards Globex's 100% owned Magusi-Fabie Mines property, consisting of 154 claims and 1 mining lease located in Hebecourt, Duparquet, Duprat and Montbray Townships, Quebec, 55 km northwest of Rouyn-Noranda. Under the terms of the agreement, Electro will pay Globex $3,500,000 cash [...]
Globex Mining Enterprises Inc. is pleased to report that Emperor Metals Inc. have paid Duparquet Assets Ltd. the second-year $500,000 cash portion of the Duquesne West option. The share payment portion of the second anniversary option payment will be made based upon the 20-day VWAP before the anniversary date which will be in January 2025. Emperor has been undertaking extensive drilling and assaying of new and historical [...]
Globex Mining Enterprises Inc. is pleased to report additional drill intersections from the 19 drill hole program at Globex's 100% owned Ironwood Gold Zone located 2.6 km east of the town of Cadillac, Quebec. The currently reported four holes were focused toward locating the western boundary of the gold mineralization at vertical depths between 25m and 115m unlike previous drill-hole SIW 24-04 which was targeted at the [...]
Globex Mining Enterprises Inc. is pleased to report assay results from two additional drill holes on our 100% owned Ironwood gold zone located 2.6 km east of the town of Cadillac, Quebec. Hole SIW-24-04 traversed the center of the mineralized zone at a vertical depth of 173 m and returned an exceptional true width of 23.22 metres grading 23.82 g/t Au. Hole SIW-24-05 near the eastern limit of the mineralized zone at a [...]
Globex Mining Enterprises Inc. is pleased to provide additional drill results from Globex's infill drill program at Globex's 100% owned Ironwood gold project in Cadillac Township, Quebec, approximately 2.6 km east of the town of Cadillac. As in our recent press release of December 4th, we continue to intersect significant gold mineralization in a pyrite, pyrrhotite arsenopyrite sulphide replacement zone at the nose of an [...]
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