Consolidated Lithium Reports Drilling on Globex Royalty Claims
October 02 2024 - 10:03AM
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 report drill
results announced by Consolidated Lithium Metals Inc. (CLM-TSXV) on
Globex’s Fiedmont (East Vallée) royalty claims located along strike
to the southeast of Sayona’s North American Lithium Mine near
Barraute, Quebec. Globex retains a 2% NSR on the claims.
The drill program consisted of 12 holes testing
the southeast extension of the Core Pegmatite, which has previously
been defined over a 4.25 km strike length. Ten (10) of the drill
holes were drilled on the Globex royalty claims (holes EV 24-001 to
EV 24-009 inclusive and hole EV 24-012).
Intersections include:
Table 1 – Lithium Intersections from the
2024 East Vallée Drill Program
Hole |
From (m) |
To. (m) |
Length (m)* |
Li2O (%) |
EV-24-002 |
99.25 |
108.50 |
9.25 |
0.754 |
|
101.00 |
105.00 |
4.00 |
1.184 |
EV-24-007 |
181.85 |
182.90 |
1.05 |
0.308 |
EV-24-008 |
176.30 |
177.45 |
1.15 |
0.310 |
EV-24-008 |
179.00 |
179.60 |
0.60 |
0.347 |
EV-24-009 |
102.95 |
103.60 |
0.65 |
0.293 |
* True widths of the mineralization reported cannot be determined
at this time. Cut-off grades for compositing was 0.25% Li2O |
|
Full details of the drill program are available
in the Consolidated Lithium Metals Inc. press release available
here.
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.
56,059,836 shares issued and
outstanding
Globex Mining Enterprises (TSX:GMX)
Historical Stock Chart
From Nov 2024 to Dec 2024
Globex Mining Enterprises (TSX:GMX)
Historical Stock Chart
From Dec 2023 to Dec 2024