GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(TRADEGATE:G1MN)(LANG & SCHWARZ:G1MN)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired, after a delay of 5 1/2 years, the claims required to complete the acquisition of the Normetmar zinc deposit located approximately one kilometer west-northwest of the former Normetal Mine, also owned by Globex which was one of the largest polymetallic deposits in Quebec. Over three periods, the principal one being from 1937 to 1975, the Normetal Mine produced 10.1 Mt grading 2.15 % Cu, 5.12 % Zn, 0.549 gpt Au and 45.25 gpt Ag (237,328 t of copper, 586,964 t of zinc, 170,592 oz of gold and 15,278,726 oz of silver) from the orebody to a depth of approximately 2,438 m.
As quoted in the press release:
The Normetmar zinc deposit was reported to be a 306,000 t orebody grading 11 % Zn by Kerr Addison to a depth of 427 m. In 1988, Exploration minière Normetal Inc. (“Exploration Normetal”) reported 160,748 t of probable and possible ore down to a vertical depth of 145 m (Summary Report, Normetmar Project, January 1988 by L. Boivin). (Note: The resources cited above are historical, are not current mineral resources under National Instrument 43-101 regulations, are not being considered by Globex as current resources or reserves, have not been reviewed by a Globex geologist and should not be relied upon.)
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