Globex: Drill Results Pending on Parbec Gold Property

Jan. 16, 2018 09:23AM PST

Globex Mining (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to provide shareholders with an update on exploration by Renforth Resources (CSE:RFR) on Globex’s Parbec Gold property located in Malartic township, approximately 4 km northwest and on strike of the large Canadian Malartic open pit gold mine and directly adjoining on the west, the East Amphi Gold deposit. Shareholders are …

Globex Mining (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to provide shareholders with an update on exploration by Renforth Resources (CSE:RFR) on Globex’s Parbec Gold property located in Malartic township, approximately 4 km northwest and on strike of the large Canadian Malartic open pit gold mine and directly adjoining on the west, the East Amphi Gold deposit.
Shareholders are reminded that Renforth on March 7, 2016 issued a press release with a Parbec Property “resource statement prepared pursuant to NI‐43‐101”. The new resource estimate from gold zones which are open to depth is reported as follow:

  • Indicated Resource: 263,230 tonnes grading 3.62 g/t Au (33,595 oz. Au)
  • Inferred Resource: 7,256,872 tonnes grading 2.01 g/t Au (514,108 oz. Au

Click here to read the full text release.

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