Positive Results Prompt More Drilling on Globex’s Lac Escale (Mirage) Lithium Royalty Property
July 23 2024 - 1:11PM
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 work by Brunswick Exploration Inc. (BRW-TSXV) on Globex’s Lac
Escale (Mirage) lithium royalty property.
Today, Brunswick reported (click here to access
Brunswick Press Release) that they have completed their 2024
prospecting program and have started a 5,000 metre summer drill
program. To date, Brunswick have completed 71 drill holes totalling
more than 12,000 metres, delineating 9 new-surface
spodumene-bearing dykes with widths from 8 metres to approximately
20 metres.
Brunswick’s prospecting and detailed mapping was
supplemented by a till survey. Samples retrieved coarse spodumene
crystals in till beyond known till trains, indicating the potential
for new sources. Brunswick intends to expand the till survey in the
fall. Prospecting also outlined numerous new spodumene-bearing
boulders beyond the main boulder trains previously identified. The
size (see Figure 2 below) and angularity of the boulders indicate
that the sources may lie close-by.
Brunswick has indicated that “Combined with the
till surveys and geophysics completed to date, Brunswick strongly
believes significant mineralization remains to be found at
Mirage”.
Figure 1: Surface map of the
till program and location of new spodumene boulders
Figure 2: New angular boulder
discovered in latest prospecting program
Globex is pleased with the progress by Brunswick to
date and looks forward to future drill and exploration results.
Globex retains a 3% Gross Metal Royalty on
production from the property.
The scientific and technical information contained
in Brunswick’s press release and reported above was reviewed and
approved for Brunswick Exploration by Mr. Simon T. Hebert,
Registered Professional Geologist in Quebec and a Qualified Person
as defined by National Instrument 43-101.
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. |
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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5aaa72e1-8ffb-48f2-b422-04a1544d1ed6
https://www.globenewswire.com/NewsRoom/AttachmentNg/510abee2-7acf-4e4d-9461-37e0ffdd19b2
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