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Work Starts on Globex’s Normetal/Normetmar Royalty Claims
GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN) (OTCQX:GLBXF) is pleased to provide a brief update as regards Globex’s Normetal/Normetmar (New Metal) royalty property located at the Town of Normetal, Quebec.
Starr Peak Mining Ltd. have announced that after analysis of soil, geochemical and VTEM data, that they will “complete a 2-week field program prior to executing the drill phase, with the purpose of validating anomalous areas to refine drilling targets”. A total of 12 target areas have been identified “some of which are located along VTEM (versatile time domain electromagnetic) geophysical anomalies”.
Click here to access Starr Peak’s current press release.
Globex retains a 2.5% Gross Metal Royalty on Normetal/Normetmar property, 1% GMR of which can be purchased by Starr Peak for $1.5 million and 1% Net Smelter Royalty on the Normetal Extension 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 June 23, 2024
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