Globex Options its Shortt Lake Gold/Rare Earth Property

- August 17th, 2010

GLOBEX MINING ENTERPRISES INC. (TSE:GMX) announced that it has optioned its Shortt Lake Gold Mine and rare earth exploration project located near Chapais, Quebec to NQ Exploration Inc. (NQE-V).

GLOBEX MINING ENTERPRISES INC. (TSX:GMX) announced that it has optioned its Shortt Lake Gold Mine and rare earth exploration project located near Chapais, Quebec to NQ Exploration Inc. (NQE-V).

The press release is quoted as saying:

The Shortt Lake Gold Mine produced 2.7 million tons at a grade of 4.6 g/t gold between 1984 and 1992. Exploration on the property also located several rare earth bearing carbonatites which received little follow up due to a lack of interest in rare earths at that time. NQ Exploration will explore the property using new gold exploration concepts and will test the rare earth potential of the carbonatites.

Click here to access the entire press release

Click here to access GLOBEX MINING ENTERPRISES Corporate Site

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