Globex Mining Benefits from O'Brien Gold Project: Positive

Globex Mining Enterprises Inc. announces Radisson Mining Resources Inc.’s positive Preliminary Economic Assessment for the O’Brien Gold Project in Quebec. A 2% NSR royalty on gold production benefits Globex shareholders. The project has an 11-year mine life with 740 Koz mined and 647 Koz recovered, yielding an average steady-state gold production of 70 Koz/annum.

Radisson’s PEA for the O’Brien Gold Project in Quebec reveals an 11-year mine life, with 740 Koz mined and 647 Koz recovered at an 87% average recovery rate. The project will have an average after-tax Free Cash Flow of $97M annually, with a 2% NSR royalty benefiting Globex Mining Enterprises Inc. Shareholders can access detailed technical data in Radisson’s press release.

Globex Mining Enterprises Inc. is pleased with Radisson’s progress on the O’Brien Gold Project, which impacts potential revenue from Globex’s Kewagama Royalty. The mineralized gold zones on the Kewagama royalty claims remain open for further exploration, extending to Globex’s Central Cadillac Gold and Wood Gold Mines. Globex’s Ironwood Gold deposit boasts significant gold resources.

Jack Stoch, President and CEO of Globex, is optimistic about the rapid advancement of the O’Brien Gold Project. The project’s positive impact on Globex’s Kewagama Royalty and surrounding gold mines is promising. Stoch emphasizes the potential for further exploration and development in the region.

Read more at GlobeNewswire: 22% of O’Brien Mine Initial Production Is Credited to