The Prospector News

Cartier Drill Results on Globex Royalty Claims

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Cartier Drill Results on Globex Royalty Claims

 

 

 

 

 

GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN) (OTCQX:GLBXF)  is pleased to inform shareholders that Cartier Resources (TSX-V:ECR) has released additional drill results from drilling collared near the north boundary of several Globex 3% Gross Metal Royalty (GMR) claims. The drill holes are collared on Globex royalty claims and pass out of the royalty claims at a vertical depth of approximately 200 metres.

 

The current results include 14.7 g/t Au over 4.3 m within 5.2 g/t Au over 20.6 m and 15.0 g/t Au over 1.0 metre within 5.7 g/t Au over 4.0 metres in the North Contact Zone. The lengths of the mineralized intersections are expressed as measured core lengths. True lengths are 60 percent to 90 percent of the reported lengths.

 

Cartier’s current press release may be accessed here.

 

Globex has a large package of 3% GMR royalty claims along strike of the Chimo Mine with several partially defined gold resources in addition to gold zones outside the principal gold bearing structure such as the North Contact Zone, the subject to the current press release.

 

Globex is pleased with the progress by Cartier both in defining and discovering new mineralized gold zones as well as better outlining gold resources on the Globex 3% GMR claims.

 

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.

 

Posted October 17, 2024

Share this news article

MORE or "UNCATEGORIZED"


Bonterra Announces Closing of Upsized Brokered Private Placement for Proceeds of $10.5M

Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR2) i... READ MORE

June 30, 2025

ESGold Expands Montauban Mine Building to 4,000 sq. ft. Ahead of Key Operational Milestones

Increased facility footprint reflects advanced construction progr... READ MORE

June 30, 2025

ARIS MINING COMPLETES INSTALLATION AND COMMISSIONING OF SECOND MILL AT SEGOVIA, ON TIME AND ON BUDGET

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces the... READ MORE

June 30, 2025

Zodiac Gold Expands Arthington Discovery with Broad Gold Intercepts

Zodiac Gold Inc. (TSXV: ZAU)  a West-African gold exploration co... READ MORE

June 30, 2025

Appia Announces Final Closing of Its Non-Brokered Private Placement

Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (... READ MORE

June 30, 2025

Copyright 2025 The Prospector News