Globex announce 3 drilling programs
2004-06-30 10:21 ET - News Release
Mr. Jack Stoch reports
DRILLING STARTS ON GLOBEX'S DUQUESNE WEST GOLD AND PACAUD DIAMOND CLAIMS
Globex Mining Enterprises Inc. has learned that drilling has been drilling restarted on its Pacaud diamond property, under option to Dianor Resources Inc., and on its Duquesne West gold property, under option to Queenston Mining Inc.
Pacaud property, Ontario
On Globex's Pacaud diamond property, Dianor's drilling has identified several kimberlite dikes. Recent ground-magnetic surveys have led Dianor to conclude that a swarm of kimberlite dikes underlie the property. Globex has recently acquired, by staking, an additional 20 claim units (100-per-cent owned) immediately northeast of the original Globex claim block on which kimberlite has been identified.
Duquesne West property, Quebec
Queenston Mining Inc. has notified Globex that a third drill campaign has started on Globex's Duquesne West gold property. Previous drilling by Queenston, consisting of 12 holes, outlined and enlarged several gold zones and resulted in the discovery of what is called the South 43 zone.
The Duquesne West property has an NI 43-101-conformable resource that indicates uncut 664,661 tonnes grading 11.44 grams per tonne gold at a cut-off of five grams or 1,067,033 tonnes grading 8.89 grams per tonne at a four-gram cut-off (J. Reddick, PGeo, see news in Stockwatch March 11, 2003).
Other work
Globex recently completed three 100-metre drill holes on its 100-per-cent-owned Arntfield gold claim. The core is being logged and will be split and sent out for assay.