Globex Options its Shortt Lake Gold/Rare Earth Property

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.

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