Globex Mining CEO Jack Stoch joined Steve Darling from Proactive to share news the company is providing an update on the Labyrinth royalty property in Quebec. Globex retains a 5% Gross Metal Royalty on the first 25,000 oz of gold production from the property and a 3% Gross Metal Royalty on all production thereafter.
Stoch telling Proactive the maiden underground exploration program is progressing well, with over 2,000m of diamond drilling completed.
Stoch also shared with Proactive more about other work being done on their project and the drilling the company is doing themselves.