Globex Mining Enterprises Ltd is applauding new high-grade gold intersections from the Kewagama Gold Mine property, part of its wider royalty portfolio.
Project owner Radisson Mining Resources (TSX-V:RDS) recently announced numerous high grade gold intersections on Trends 3 and 4, including 17.11 grams per ton (g/t) gold (Au) over 2 metres (m) and 5.16 g/t Au over 1.70 m on Trend 3 and 8.69 g/t Au over 2.20 m including 29.50 g/t Au over 0.60 m along Trend 4.
Globex Mining holds a 2% net smelter royalty on the Kewagama Gold Mine property.
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In a statement, Quebec-based Globex told shareholders that the results not only indicate significant gold intersections, but also that the number 3 and 4 Trends plunge to depth on its royalty claims and are open along strike.
Of particular interest is that 45% of the drill holes on Trend 3 and 53% on Trend 4 display visible gold, Globex noted.
“Globex is pleased with the drill results announced by Radisson and look forward to their continuing efforts to advance the mineral potential of the Kewagama property,” the company told shareholders.
Globex has over 210 assets, including 89 royalties, principally located in Quebec and eastern Canada. Its portfolio is diversified, featuring royalties and precious metal, base metal, and industrial mineral properties.
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