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Globex Mining Enterprises Inc. T.GMX

Alternate Symbol(s):  GLBXF

Globex Mining Enterprises Inc. is a Canada-based company, which is focused exploration and development property bank which operates under the project generator business model. The Company's mineral portfolio consists of exploration, development and royalty properties which contain base metals (copper, nickel, zinc, lead), precious metals (gold, silver, platinum, palladium), specialty metals and minerals (manganese, vanadium, titanium dioxide, iron, molybdenum, lithium, cobalt, scandium, antimony, rare earths and associated elements) and Industrial Minerals (mica, silica, potassic feldspar, pyrophyllite, kaolin, dolomite as well as talc and magnesite). Its properties consist of Timmins Talc-Magnesite, Laguerre-Knutson, Courville, Beauchastel - Rouyn, Cavalier, Great Plains (Clermont), Joutel, Red Star Project, Rouyn-Merger, Ruisseau Marriott, Sheen Lake Property, Shortt Lake Mine, Smith-Zulapa-Vianor, Salt Spring property, Eldrich Gold Mine, Porcupine West Property, and others.


TSX:GMX - Post by User

Post by mamothon Jun 30, 2004 4:31pm
65 Views
Post# 7665754

Globex announce 3 drilling programs

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.
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