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Globex Re-evaluating Tonnancour Project Options as Area Draws Large Scale Staking Interest.
GLOBEX MINING ENTERPRISES (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) wishes to update shareholders as regards to the 46 claims held by Globex in Tonnancour and Josselin townships south of Lebel-sur-Quevillon. Globex acquired the property in 2004 after which Globex flew an airborne EM and Mag survey and completed 53 km of ground magnetometer and horizontal electromagnetic surveys. This was followed …
GLOBEX MINING ENTERPRISES (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) wishes to update shareholders as regards to the 46 claims held by Globex in Tonnancour and Josselin townships south of Lebel-sur-Quevillon. Globex acquired the property in 2004 after which Globex flew an airborne EM and Mag survey and completed 53 km of ground magnetometer and horizontal electromagnetic surveys. This was followed in 2011 by 29 shallow drill holes totaling an aggregate of 3,100 meters on various targets including an area with historical indications of copper, zinc, gold and silver mineralization in showings and short drill holes.
As quoted in the press release:
In 2012 Globex undertook 980 km of high resolution aeromagnetic and VLF EM surveys on several untested discrete Input anomalies within possible extensions of the favorable mineralized horizon. The results of the survey were integrated with historical data and Globex undertook ground magnetic and horizontal electromagnetic surveys upon select targets. Several priority targets were defined as “drill ready” for both base and precious metals. Globex intends to drill a number of the priority targets or will endeavor to option the property to another exploration company per our property bank business model.
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