More Progress by Orford on Optioned Globex Property
February 21 2023 - 9:00AM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) is pleased to provide an update
on drilling by
Orford Mining (ORM-TSXV) that has
reported the first drill results from two holes of their 10-hole
drill program on the large
Joutel Eagle property under
option from Globex.
The drill holes focused on the South
Gold Zone intersected the following:
Hole
23-JE-004: |
4.1
g/t Au over 14.6 m, including 28.7 g/t Au over 0.32
m. |
Hole 23-JE-005: |
1.5 g/t Au over 8.3 m, including 4.6 g/t Au
over 0.9 m. |
David Christie, President and CEO of Orford
commented “These early results from our second drill program have
returned results that are extremely encouraging. The South Gold
zone was known as a thick low-grade zone with good potential but is
now proven to have a much higher-grade component. We look forward
to completing the planned drill program designed to test the strike
extent of the South Gold Zone on the Joutel Eagle Property.”
“23-JE-004 and 23-JE-005 were the first two
drill holes of 10, completed as part of the 2,000 metre, 2023 drill
program to test the strike of the South Gold Zone on the Joutel
Eagle Property. Results reported in this news release are for
samples that were sent for analysis on “rush” all other remaining
assays are outstanding and drilling is ongoing. Interpretation of
the historical and present South Gold Zone drill results is ongoing
and will be completed once all assays from the 2023 drill program
have been received.”
The Entire Orford press release may be accessed
by clicking here.
Globex is very pleased by Orford’s progress on
our Joutel Eagle Property and looks forward to results from the
continuing drill program.
This press release was written by Jack Stoch,
Geo., President and CEO of Globex in his capacity as a Qualified
Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
Forward Looking Statements:
Except for historical information, this news release may contain
certain “forward looking statements”. These statements may
involve a number of known and unknown risks and uncertainties and
other factors that may cause the actual results, level of activity
and performance to be materially different from the expectations
and projections of Globex Mining Enterprises Inc. (“Globex”).
No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Globex will derive therefrom. A
more detailed discussion of the risks is available in the “Annual
Information Form” filed by Globex on SEDAR at www.sedar.com.
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