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Cash Option Renewal Payment Received for Duquesne West
GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN) (OTCQX:GLBXF) is pleased to report that Emperor Metals Inc. have paid Duparquet Assets Ltd. the second-year $500,000 cash portion of the Duquesne West option. The share payment portion of the second anniversary option payment will be made based upon the 20-day VWAP before the anniversary date which will be in January 2025.
Emperor has been undertaking extensive drilling and assaying of new and historical drill core in order to outline a potential open-pittable resource on the Duquesne West property.
Duparquet Assets Ltd. is a private corporation owned 50% by Globex and 50% by Jack Stoch Geoconsultants Ltd. Geoconsultants interest in the property dates back to before Jack Stoch’s involvement in Globex.
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 December 28, 2024
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