Globex Completes Initial Stripping and Shallow Drill Program
ROUYN-NORANDA, QUÉBEC--(Marketwired - Dec. 6, 2017) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to report the results from a ten drill hole program of short holes on our 100% owned Francoeur/Arntfield gold property located approximately 18 km west of Rouyn-Noranda, Quebec.
The drill program was designed so as to follow up upon the gold bearing shear south of the "Main Shear" (the Francoeur-Wasa Shear). The shear termed the "South Shear" was exposed by stripping. Channel sampling returned up to 9.52 g/t Au over a width of 7.1 m including 15.4 g/t Au over 4.1 m (See press release dated September 25, 2017) and 4.25 m g/t Au over 3.75 m.
Subsequent stripping to the east exposed an additional 15 metres of rock which revealed numerous gold values in channel samples including 4.31 g/t Au over 1.65 m before passing below overburden.
The better drill hole assays in the South Shear are the following:
South Shear | ||
Hole # | Au g/t | True Width (m) |
FS 17-38 | 2.97 | 1.97 |
FS 17-39 | 2.88 | 1.97 |
FS 17-40 | 6.25 | 3.25 |
FS 17-41 | 4.04 | 7.34 |
Several holes were also positioned so as to also intersect the Main Shear which roughly parallels the South Shear.
The better assays in the Main Shear are the following:
Main Shear | ||
Hole # | Au g/t | True Width (m) |
FS 17-42 | 1.58 | 4.61 |
FS 17-45 | 11.57 | 2.16 |
Channel sampling in an area stripped by Globex above Hole FS 17-45 returned 8.07 g/t Au over 2 m before going under thick overburden. An area stripped by Globex half way between holes FS-17-45 and FS-17-42 (114 m apart) returned 5.36 g/t Au over 4.2 m in channel samples and a nearby old trench returned grab sample assays of 9.53 g/t Au, 10.18 g/t Au, 10.15 g/t Au and 6.79 g/t Au. (Grab samples are selective by nature and are unlikely to be representative of average grades.)