Positive - Globex reports high-grade gold results at Ironwood project in Quebec

From GlobeNewswire: 2024-12-11 09:00:00

Globex Mining Enterprises Inc. reports positive drill results from the Ironwood gold project in Quebec, showing significant gold mineralization at depths between 9m and 225m. Results indicate the mineralized envelope widens to depth and toward the center of the orebody, with assay results showing promising grades of gold.

Recent assay results from the project include values such as 16.59 g/t Au over 3.6m true width and 30.26 g/t Au over 3.4m true width. Globex has completed 18 holes and reported 7 boundary drill holes, with core logging and sampling ongoing at the site.

The Ironwood gold deposit is located on Globex’s Central Cadillac-Wood Gold Mines property, with the company digitizing previous drill data to outline gold trends and targets along the gold localizing Cadillac Break. The property adjoins the O’Brien gold project, where Globex holds royalties on the New Alger and Kewagama gold deposits.

Samples from the project were crushed and analyzed for gold content by gamma ray assay. Blank samples and reference materials were used for quality control. The press release was written by Globex’s President and CEO, Jack Stoch, a Qualified Person under NI 43-101.

Forward-looking statements in the press release highlight potential risks and uncertainties for Globex Mining Enterprises Inc. No assurance can be given on the outcomes anticipated by the forward-looking information. More detailed information on risks is available in the company’s Annual Information Form filed on SEDARplus.ca.



Read more at GlobeNewswire: More High-grade Gold Results from Globex’s Ironwood