RE:RE:Feasibility done on Sphinx projectGlobex owns 100% interest in this property consisting of 4 claims covering the Duvay gold zone located in altered mafic to intermediate volcanic rocks. Two systems of quartz veining (vertical north-south and shallow dipping east-west) have been formed on either side of a fault structure associated with intense dolomitization, silification, paragonitization and albitisation. Gold occurs as coarse free gold within the quartz veins. Definition of a gold resource is difficult due to the erratic high grade nature of the mineralization but tonnages have been reported as high as 6.6 million tons grading 0.06 oz/ton gold (Sphinx Mining , 1993). Individual gold assays can be multi-ounce. This property will be looked at as a low cost open pit gold zone should the price of gold reach a level sufficient to warrant further development.