Company
TSE:GMX
Globex Mining Enterprises Inc's North American portfolio includes mid-stage exploration, development, and royalty properties with precious metals, base metals, specialty metals and minerals, and industrial minerals and compounds.
103 stories · page 4 of 6
The three holes totaling 759 metres each hit three zones of geology, which corresponded to the downward projection of the mineralized zones
Globex said it was now looking forward to the first series of Excellon's drill results from the Saxony project
NSGold's Mooseland property, optioned from Globex, posted a new mineral resource containing 523,000 ounces of gold grading 4.7 grams per ton
The drill program will consist of three holes to test beneath the previously trenched Knutson gold zone and two additional holes at the north end of the Laguerre zone
In 1954, the company noted that Stratmat mapped the area and undertook a gravity survey followed by seven drill holes totaling 590 metres on the resulting gravity anomaly
After selling the properties, debt-free Globex is now sitting on a treasury of about $10 million
The company said it is pleased with the transaction and pointed out to its shareholders that it currently owns 9,550,000 shares of Renforth
The company sold its interest in the Normetal copper, zinc and silver property, the Rousseau gold project and the Turgeon Lake gold property
The firm has sold 91 claims totaling 4,960 hectares around 80 kilometres north of Chibougamau to Troilus
In exchange for the royalties or portions of royalties, the group will receive $500,000 and 3,000,000 Electric Royalties shares, representing 6.93% of its issued capital
The group has now acquired the final claim covering the southern half of the New Marlon property
Globex said that it had decided to carry out airborne surveys of a "significant number of other Globex properties" over the next several months
Excellon is planning a 15-hole drill program totaling 2,500 metres, with an additional 12 holes permitted for immediate follow up
Francoeur/Arntfield/Lac Fortune consists of 135 claims, five mining leases and three mining concessions, all adding up to 4,155 hectares
The company is working remotely on designing 3D models of its orebodies, drawing maps, updating its website and planning future fieldwork
The purchase price consists of 250,000 Globex shares and a 2% net smelter royalty, of which 1% can be purchased at any time for $200,000
Globex, an exploration, royalty and property bank, holds a 3% gross metal royalty on the Bateman Bay and Grandroy mine properties
Globex, an exploration, royalty and property bank, holds a 3% gross metal royalty on the Bateman Bay and Grandroy mine properties
Highlights from the channel sampling program at the 450 Zone of the property returned results such as 5.6 grams per ton gold over 1 metre
The project lies in the Dasserat township around 35km west of Rouyn-Noranda on the shores of the Labyrinthe Lake in Quebec
