Globex's Mooseland Royalty Property Returns High Grade Gold
19 April 2011 - 12:54AM
Marketwired
GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX:
GLBXF) is pleased to inform shareholders that NSGold Corporation
(TSX VENTURE: NSX) has reported numerous intersections of high
grade gold assays over widths typical of the Mooseland Gold Mine
property on which Globex retains a 4% Gross Metal Royalty (GMR) and
the right to receive shares equal to 5% of the issued stock of
NSGold upon commercial production and an additional payment of
$250,000 at September 1st, 2011.
Assays are reported in an NSGold press release dated April 18,
2011 and include values of 122.15 g/t Au over 2.2 metres including
243.73 g/t Au over 1.1 metres and 36.93 g/t Au over 2.0 metres
including 61.18 g/t Au over 1.2 metres. (See NSGold press release
for details)
We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 10 3
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.
22,027,675 shares issued and outstanding
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.
Contacts: Globex Mining Enterprises Inc. Jack Stoch, P.Geo.,
Acc.Dir. President & CEO 819-797-5242 819-797-1470 (FAX)
info@globexmining.com www.globexmining.com
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