Globex Intersects 7.3% Cu, 7.27% Zn, 1.1 g/t Au, 51.8 g/t Ag over 3.0 Metres in Second Tier of Drilling at its Tonnancour Pro...
10 August 2011 - 11:41PM
Marketwired
GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX:
GLBXF) is pleased to announce assay results from the second tier of
drilling which examined the immediate down dip and lateral
extension of the Tom Lake volcanogenic massive sulphide (VMS)
occurrence on the Company's wholly owned Tonnancour Property
located 100 km NE of Val d'Or, Quebec. A property wide program of
27 diamond holes initiated in late June 2011, is nearing completion
with 25 of 27 holes now having been drilled. Assay results from the
initial fourteen (14) drill holes were released by Globex on August
8, 2011. The present information reports on results from the
subsequent six (6) holes in the Tom Lake mineralized area.
Hole GT-11-15 was collared to test the down dip extension of the
high grade VMS mineralization encountered in the first hole of
Globex's drill program (5.23% Cu, 13.12% Zn, 0.72 g/t Au and 41.0
g/t Ag/ 4.55m) and intersected 7.3% Cu, 7.27% Zn, 1.11 g/t Au and
51.82 g/t Ag over 3.0 metres (core length) within a wider zone
grading 5.02% Cu, 4.96% Zn, 0.75 g/t Au and 35.7 g/t Ag over 4.5
metres. True width is estimated to be 90-95% of the intersection
width.
Subsequent drill holes GT-11-16 to GT-11-20 were positioned to
expand the search in the down dip direction and lateral extensions
of the massive, semi-massive and stringer sulphide mineralization
presently traced along a strike length of approximately 200m.
The balance of the analytical results for the seven remaining
drill holes will be released once received from the laboratory and
fully integrated into the Tonnancour project dataset.
Results are as
follows:
----------------------------------------------------------------------------
From To Length Cu Zn Ag Au
Hole # (m) (m) (m) % % (g/t) (g/t)
----------------------------------------------------------------------------
GT-11-15 - 22m down
dip from hole 1 33.0 37.50 4.50 5.02 4.96 35.70 0.75
--------------------------------------------------------
including 33.0 36.00 3.00 7.30 7.27 51.82 1.11
----------------------------------------------------------------------------
GT-11-16 - 22m down
dip from hole 2 40.0 45.00 5.00 4.11 1.92 22.80 0.77
--------------------------------------------------------
including 40.0 40.95 0.95 12.39 8.51 87.70 1.03
----------------------------------------------------------------------------
GT-11-17 - 32m down
dip from hole 3 40.3 46.20 5.90 0.40 1.05 N.S.V. N.S.V.
----------------------------------------------------------------------------
GT-11-18 - 25m down
dip from hole 4 43.2 48.40 5.20 1.87 2.17 10.60 N.S.V.
--------------------------------------------------------
including 43.2 44.90 1.70 3.72 0.69 18.30 N.S.V.
--------------------------------------------------------
and 46.4 48.40 2.00 1.10 3.70 8.40 N.S.V.
----------------------------------------------------------------------------
GT-11-19 - 30m down
dip from hole 5 57.0 58.50 1.50 0.22 0.78 N.S.V. N.S.V.
----------------------------------------------------------------------------
GT-11-20 - 170m NE
along strike of No Significant Value
hole 1 (N.S.V.)
----------------------------------------------------------------------------
Globex is pleased to have extended the Tom Lake showing to depth
where it remains open.
Laboratory and Assay Methods
Globex's NQ drill core sampling including the quality
assurance/quality control program is performed internally by Globex
personnel under the immediate supervision of Globex's project
geologist. Cut half core samples prepared at Globex's core sampling
facility in Rouyn-Noranda, are tagged and sealed in plastic bags
and are delivered directly by Globex personnel to Expert
Laboratories Inc, located at 127 Boulevard Industriel, Rouyn-
Noranda. The laboratory conducts all aspects of the sample
preparation including drying and crushing to a minus 100 mesh
screen size and the processing of a 300 gram sub sample for
pulverization to a nominal minus 200 mesh size with the remaining
crushed reject material being retained for storage. For gold
assaying, a 29.16 gram sub-sample of the pulp (1 assay-ton) is
taken, fused following the standard procedures used in a fire assay
method. The gold content of all samples is determined using atomic
Absorption Spectroscopy. Samples containing greater than 1gpt gold
are subjected to a re-assay whereby the gold content is determined
using a gravimetric fire assay method. For base metal assaying
(copper, zinc including silver) a 0.5g sample is initially treated
by aqua regia digestion with nitric and hydrochloric acid and
subsequently analyzed by a spectrometer of atomic absorption
finish. The limit of detection is 0.01% for all metals except for
silver which is 3 ppm.
Analytical accuracy and precision are monitored by the routine
insertion of blanks, duplicates and reference accredited low/high
grade standards at 20 sample intervals in Globex's sample stream
.This is in addition to the routine blanks, duplicates (gold,
silver, copper and zinc) and accredited standards insertion by
Expert Laboratories during the course of the assaying process.
This press release was written by Richard Cote, ing., consulting
geological engineer for Globex Mining Enterprises Inc., as a
Qualified Person (Q.P.) under NI 43-101,responsible for the
technical data in this news release.
We Seek Safe Harbour.
Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 10 3
22,035,675 shares issued and outstanding
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
Contacts: Jack Stoch, P.Geo., Acc.Dir. President & CEO
Globex Mining Enterprises Inc. 819.797.5242 819.797.1470 (FAX)
info@globexmining.com www.globexmining.com
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