Globex Update: Turner Falls Rare Earths Project
07 December 2011 - 2:19AM
Marketwired
GLOBEX MINING ENTERPRISES INC.
(TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to inform
shareholders that over the late summer and fall seasons, a team of
geologists and geophysical technicians undertook mapping, sampling
and geophysical surveys on the Turner Falls rare earths property in
the Kipawa area of Quebec.
Over 550 new data points of detailed geological observations
were recorded and 230 new rock samples collected of both,
mineralized and un-mineralized rocks, and sent for assaying in
order to define mineral content as well as to establish background
values.
In addition to previously located rare earth occurrences (see
press releases dated February 1, August 19 and August 26, 2010 and
January 17, 2011), ten (10) new outcroppings of rare earth bearing
mineralization were found.
Globex has finally received the analysis from ALS Minerals in
Vancouver of all 230 samples. Assays received in 51 grab samples
were above the upper detection limit measurable using the
Inductively Coupled Plasma - Mass Spectroscopy (ICP-MS) method. The
samples must be re-analysed using 4% nitric acid dissolution in
order to accurately define the high assays. Please note that grab
samples are selective samples, in this case, taken for assay due to
anomalous readings taken in the field for TiO2 and Yttrium (Y)
using a portable Delta XRF instrument. They are not necessarily
representative of the average grade of any zone or outcrop.
Due to the large number of yet to be received re-assays, Globex
will release results only once all the re-assays have been received
and compiled.
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 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
22,726,241 shares issued and outstanding
Contacts: Jack Stoch, P.Geo., Acc.Dir. President & CEO
Globex Mining Enterprises Inc. 819.797.5242 819.797.1470
(FAX)info@globexmining.comwww.globexmining.com
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