Brunswick Reports Additional Lithium Assays on Globex’s Lac Escale (Mirage) Royalty Area
09 October 2024 - 4:43AM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) is pleased to report that
Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB, 1XQ-Frankfurt)
has disseminated a press release regarding the first set of 2024
drill results on Globex’s Lac Escale (Mirage) property including
within the Globex one kilometer external boundary area of
influence, in the James Bay area of Quebec. Globex retains a 3%
Gross Metal Royalty on the Lac Escale claims and $ 100,000 per year
advance royalty payments commencing at the fifth year of the
agreement.
The drill campaign focused on the Central Zone,
including the MR-6 and MR-3 dykes (see Brunswick June 4, 2024 press
release), and has continued to intersect wide and well
mineralized intervals on their extension and at depth.
Highlights include:
- Several new lithium pegmatites were
intercepted immediately surrounding MR-6 dyke located in the
Central Zone. Significant dyke staking is observed to the East and
North of MR-6 The mineralization in the Central Zone is now
identified over across multiple holes stretching over 1,000 meters
of strike length.
- Multiple significant, near-surface
intervals extending the MR-6 dyke with 1.75% Li2O over 40.4
meters in drill hole MR-24-73, 1.07% Li2O over 24
meters in drill hole MR-24-74 and 1.25% Li2O over
16 meters in drill hole MR-24-72.
- Three new stacked dykes
confirmed located 250 meters to the East of MR-6
with 1.25% Li2O over 26 meters, 1.49% Li2O
over 26.2 meters and 1.93% Li2O over 22.35
meters all in drill hole MR-24-76.
- Brunswick Exploration will start
metallurgical studies in the coming weeks for the MR-6, MR-4 and
MR-3 dykes.
Since the beginning of 2024, Brunswick has
drilled approximately 12,000 metres to discover, delineate and
expand the spodumene bearing pegmatites.
Highlights of the 2024 summer drill campaign in
today’s Brunswick press release includes the following:
Highlights from 2024 Summer Drilling Program Mentioned in The
Current Brunswick Press Release |
|
Hole ID |
Dyke |
From (m) |
To (m) |
Length (m) |
Li2O (%) |
Ta2O5 (ppm) |
MR-24-72 |
MR-6 |
3.4 |
5.2 |
1.8 |
1.05 |
223 |
MR-24-72 |
21.52 |
37.45 |
15.93 |
1.25 |
255 |
incl. |
24.4 |
28 |
3.6 |
2.12 |
310 |
MR-24-72 |
43.7 |
49 |
5.3 |
1.75 |
197 |
MR-24-72 |
55.85 |
57.65 |
1.8 |
2.15 |
281 |
MR-24-72 |
60.75 |
61.25 |
0.5 |
2.09 |
272 |
MR-24-72 |
62.45 |
65.85 |
3.4 |
1.71 |
211 |
MR-24-72 |
70.2 |
82 |
11.8 |
1.94 |
167 |
incl. |
73 |
80 |
7 |
2.62 |
199 |
MR-24-72 |
|
114.2 |
131.95 |
17.75 |
1.42 |
110 |
MR-24-72 |
|
154.05 |
158.15 |
4.1 |
1.20 |
131 |
MR-24-73 |
MR-6 |
88.2 |
128.6 |
40.4 |
1.75 |
154 |
incl. |
109 |
116 |
7 |
2.34 |
136 |
MR-24-73 |
|
165 |
172 |
7 |
1.40 |
154 |
MR-24-74 |
MR-6 |
111.45 |
135.45 |
24 |
1.07 |
125 |
MR-24-76 |
|
57 |
58.7 |
1.7 |
1.66 |
233 |
MR-24-76 |
|
83.7 |
91.9 |
8.2 |
1.38 |
294 |
MR-24-76 |
|
125 |
151 |
26 |
1.25 |
328 |
MR-24-76 |
|
162.65 |
164.25 |
1.6 |
1.53 |
263 |
MR-24-76 |
|
179.1 |
205.3 |
26.2 |
1.49 |
248 |
incl. |
|
189 |
195.55 |
6.55 |
2.24 |
416 |
MR-24-76 |
|
215.6 |
220.65 |
5.05 |
1.12 |
232 |
MR-24-76 |
|
258 |
260.9 |
2.9 |
0.64 |
240 |
MR-24-76 |
|
294.65 |
317 |
22.35 |
1.93 |
492 |
incl. |
|
295.7 |
306.55 |
10.85 |
3.09 |
663 |
MR-24-77 |
|
60.45 |
62.45 |
2 |
0.01 |
669 |
|
|
|
|
|
|
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Today’s Brunswick press release can be accessed
by clicking here.
Globex is pleased by Brunswick’s continuing
efforts and success in advancing the economic potential of Globex’s
Lac Escale (Mirage) royalty within the Globex claims and area of
influence.
This press release was written by Jack Stoch, P.
Geo., President and CEO of Globex in his capacity as a Qualified
Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
|
|
Forward Looking Statements:
Except for historical information, this news release may contain
certain “forward looking statements”. These statements may
involve a number of known and unknown risks and uncertainties and
other factors that may cause the actual results, level of activity
and performance to be materially different from the expectations
and projections of Globex Mining Enterprises Inc. (“Globex”).
No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Globex will derive therefrom. A more
detailed discussion of the risks is available in the “Annual
Information Form” filed by Globex on SEDAR at www.sedar.com.
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