Globex Mining Enterprises Inc announced that it has completed a 171-kilometre airborne electromagnetic and magnetic survey on its 100% owned Tyrone property in the Eeyou Istchee James Bay area of Quebec.
The company said the 1174-hectare Tyrone property sits strategically between two large blocks of Azimut Exploration Inc’s cells (its Kukamas property) and has numerous surface showings with high grade precious and base-metal values including gold in a wide and lengthy iron formation.
Historic grab samples from the Kukamas property graded up to 10.6 grams per tonne gold and 20.7% copper, according to the company.
Globex noted that Azimut’s property is currently under option to KGHM International Ltd, a subsidiary of Polish mining company KGHM Polska Miedz SA.
As well, the company revealed that St Barbara Limited has indicated that there would be continued exploration at the Mooseland gold mine property, in which Globex maintains a 2% Gross Metal Royalty (GMR).
Listed in Toronto, Frankfurt and on the OTCQX in the US, Globex Mining boasts a North American portfolio featuring mid-stage exploration, development, and royalty properties. These assets span precious metals, base metals, specialty metals, minerals, and industrial compounds.
Contact Sean at sean@proactiveinvestors.com