Globex Mining Enterprises Inc. provides an update on drilling by Radisson Mining Resources Inc. on Kewagama Gold Mine Royalty claims, where Globex holds a 2% Net Smelter Royalty. Assay results show new gold intersections at various depths, confirming excellent potential on the royalty claims, particularly in the Piche Group of rocks.

Radisson President & CEO, Matt Manson, reports that deep step-out holes below “Trend #2” are expanding known mineralization by up to 300 meters. The Exploration Target at O’Brien is estimated to be between 3-4 million ounces of gold in 15-20 million tonnes at 4.5-8.0 g/t Au, with four active drilling rigs on-site.

Assay results from drill holes OB-24-352 to OB-25-375 indicate significant gold intercepts with true widths estimated to be 30%-80% of core length. The lack of drilling on the Central Cadillac/Wood Gold Mine property underscores its strong gold prospectivity, with more exploration needed to define mineral resources.

Jack Stoch, CEO of Globex, cautions that forward-looking statements in the news release may involve known and unknown risks and uncertainties. No assurance can be given on the outcome of anticipated events, emphasizing the need for further exploration to delineate mineral resources.

Read more at GlobeNewswire: High-Grade Gold Intersected on Globex’s Kewagama Gold