Globex Mining Enterprises Inc (GLBXF)

[NYBob]

Globex Options Former Eagle Gold Mine
Rouyn-Noranda, Quebec, Canada.

GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange,
G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz,
L&S Exchange, TTM Zone, Stock
Exchanges and GLBXF – OTCQX International in the US) is pleased to inform
shareholdersthat it has optioned
the 77-hectare, Eagle Gold Mine property located in Joutel township,
Quebec to Maple Gold Mines Ltd.

Under the agreement, Maple has the option to pay $1,200,000, half in cash
and half in shares, over a 5-
year period to Globex and undertake $1,200,000 in exploration over 4 years
in order to earn 100% interest
in the Eagle Gold Mine property.

The terms of the option are the following:
Anniversaries ½ Cash, ½ Shares Work Comme

https://www.globexmining.com/staging/admin/news_pdfs/2021-07-19%20Globex%20Options%20Former%20Eagle%20Gold%20Mine.pdf


$GLBXF – OTCQX International in the US) is pleased to inform
shareholders that it has sold its Tarmac Gold Property
(the “Property”) located in Dubuisson Township, Quebec to
Wesdome Gold Mines Ltd. (WDO-TSX)(“Wesdome”) for
one million dollars ($1,000,000) and a 1% Gross Metal Royalty.[/B]

[B]The Property consists of 6 claims covering 94 hectares located
entirely within Wesdome’s Kiena Mine Complex and less
than 2 kilometers northeast of the Kiena underground mine, all located
beneath Lac De Montigny.

Previous drilling by
Globex in 1996 returned numerous gold intersections such as holes TM-10 (14.22 g/t Au, 84.1 g/t Ag and 6.49% Cu over
1.2 m) and TM-24 (29.92 g/t Au and 22.4 g/t Ag over 2.24 m).
Globex has maintained the Property since the 1996 drilling program due to the evident economic potential. The
Property is surrounded on all sides by Wesdome claims, thereby positioning the company to facilitate the potential
exploration and advancement of these claims.
The technical content of this press release has been compiled, reviewed and approved by Jack Stoch, Geo., President
and CEO of Globex, and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: [phone]
Fax: [phone]
[e-mail]

HTTP://www.globexmining.com

Forward Looking Statements: Except for historical information, t

https://www.globexmining.com/staging/admin/news_pdfs/2021-07-12%20Globex%20sells%20Tarmac%20Gold%20Property%20to%20Wesdome.pdf

https://www.globexmining.com/


https://www.globexmining.com/staging/admin/news_pdfs/2021-06-14%20Globex%20sells%20Francoeur_Arntfield_Lac%20Fortune%20Gold%20Property.pdf


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