RE:RE:2015 Drilling Program (New Exploration)Frankyboy,, Thanks for the post, maybe this was the reason Hervy did not drill this area until Goldex received a final payment ! All sounds good !
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One more Trangle Zone would be great !!
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https://www.globexmining.com/staging/admin/news_pdfs/2-10-15%20Farquharson%20Property_Royalty.pdf
Globex Mining Enterprises Inc.
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“At Home in North America” 41,243,755 shares issued and outstanding
Globex Receives Integra Option Payment
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February 10, 2015
Rouyn‐Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX
– Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF – OTCQX International) is pleased to inform shareholders that it has received the final $100,000 cash and 100,000 share payments from Integra Gold Corp. in payment for 100% interest in Globex’s Farquharson (Donald) Property in Bourlamaque Township, Quebec. Globex retains a 3% Gross Metal Royalty on production from the property.
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The property directly adjoins the Triangle and No. 4 Plug Gold zones currently being explored by Integra as part of a 50,000 metre drill program of which one half is planned in the area of the two gold zones, (Triangle 20,000m, No. 4 Plug 4,000m) with among the specific targets, the area east of the Triangle Zone.
The Triangle Gold Zone has a NI 43‐101 Indicated Resource of 412,200 tonnes grading 12.6 g/t Au for 167,200 oz Au and an Inferred Resource of 258,000 tonnes grading 15.4 g/t Au for 128,000 oz Au. The No. 4 Plug Zone has a NI 43‐101 Indicated Resource of 522,900 tonnes grading 8.3 g/t Au for a total of 140,280 oz Au. (Source: Preliminary Economic Assessment by InnovExplo Inc. as reported in Integra summary press release dated January 13, 2015).
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This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43‐101.
We Seek Safe Harbour.
For further information, contact
:
Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn‐Noranda, Quebec Canada J9X 2J1
Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9
Tel.: 819.797.5242
Fax: 819.797.1470 info@globexmining.comwww.globexmining.com
PRESS RELEASE