Monday, October 25, 2021 7:36:33 PM
T.GMX | 10 hours ago
ROUYN-NORANDA, Quebec, Oct. 25, 2021 (GLOBE NEWSWIRE) --
$GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN –
Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS
Exchange, TTMzero, Düsseldorf and Quotrix DüsseldorfStock Exchangesand
GLBXF – OTCQX International in the US) is pleased to inform
shareholders that it has acquired a 2% royalty equivalent to a Gross
Metal Royalty (GMR) herein called “the RN Mining Camp Royalty” covering
a significant length of the Cadillac Break east of Rouyn-Noranda and an
additional large block of claims northwest of Rouyn-Noranda (See map
attached).
Globex initially entered into discussions with the estates of two well-
known and respected prospector/entrepreneurs following the purchase by
Globex of the Rouyn Merger Gold Property (see press release dated
August 5, 2021) on which a 2% royalty was held by the estates.
Globex was successful in acquiring the royalty and thus eliminating it
on the 6.5 kilometers of the Cadillac Break, numerous gold occurrences
and zones and surrounding rocks which are within the Rouyn Merger
property boundary.
In the same purchase, Globex acquired royalty interests which extends
both east and northwest of the Rouyn Merger property including on the
Heva-Hosco Gold Property owned by Hecla Quebec Inc.
This Heva-Hosco property includes the following NI 43-101 gold resources
as reported by Hecla Mining Co.:
Heva Indicated Resources
Inferred Resources 1,266,000 Tons @ 0.06 oz/ton Au (1.866 g/t Au)
2,787,000 Tons @ 0.08 oz/ton Au (2.488 g/t Au)
Hosco Indicated Resources
Inferred Resources 29,287,000 Tons @ 0.04 oz/ton Au (1.244 g/t Au)
17,726,000 Tons @ 0.04 oz/ton Au (1.244 g/t Au)
(Source : Hecla Mining Web site, ‘’as at December 30, 2020 ‘’)
To the northwest and adjoining to the Rouyn Merger property, an
additional large block of claims held by Falco Resources Ltd. is also
subject to the 2% royalty, covering, in part, the Horne Creek Fault.
The 2% royalty also applies to a very large block of claims northwest of
Rouyn-Noranda covering the gold hosting Flavrian tonalite pluton and
basic and felsic volcanic rocks along the western boundary of the
pluton, all currently held by Falco Resources Ltd.
This royalty area includes numerous showings and drill indicated areas
of gold and base-metal mineralization both in the pluton and within the
volcanic rocks.
Globex is pleased to have acquired the royalty which was paid for by the
issuance of 150,000 Globex shares.
Both Falco and Hecla have been notified of Globex’s royalty purchase.
Please see the adjoining map which shows the RN Mining Camp Royalty
purchase area outlined in black and other royalties and properties held
in the immediate area by Globex.
This press release was written by Jack Stoch, 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 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.: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
http://www.globexmining.com
Forward Looking Statements: Except for historical information, ----A
more detailed discussion of the risks is available in the “Annual
Information Form” filed by Globex on SEDAR at www.sedar.com.
A map accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/85bf5c78-5567-48a6-95d0-9fedb47eb487
Globex, Rouyn Noranda Area, Quebec, Royalty and Property Holdings
Have a great day!
Jack Stoch
Find out more about Globex here.
Entreprises minières Globex Mining Enterprises Inc.
86, 14e Rue
Rouyn-Noranda, Québec J9X2J1
Canada
http://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.
Do your Due Diligence, of course.
Prospectors, Explorationists & Developers
Expand your Reach
through our Multiple Media Campaigns
utilizing Media Partners
with huge, engaged audiences.
Join our ~1,450 clients in their success.
David W. O'Brien
604 987 6657 * 236 987 6657
Hundreds of testimonials... ask me!
International Mining Research CENTRE
DOBrien@InternationalMiningResearch.com
(604) 987 6657 (236) 987 6657 *cell
Click on the link below to read past Articles:
http://www.TheProspectorNEWS.com
& Magazine
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Recent HL News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 04:00:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:05:39 AM
- Hecla Reports First Quarter 2024 Results • Business Wire • 05/08/2024 09:15:00 PM
- Hecla First Quarter 2024 Results Conference Call/Webcast and Virtual Investor Event • Business Wire • 04/25/2024 08:15:00 PM
- Hecla Announces First Quarter Production • Business Wire • 04/08/2024 09:25:00 PM
- Hecla to Participate in Gold Forum Europe 2024 • Business Wire • 04/04/2024 08:15:00 PM
- Hecla Appoints Director • Business Wire • 02/26/2024 09:15:00 PM
- Hecla to Participate at Upcoming Conferences • Business Wire • 02/20/2024 09:15:00 PM
- Hecla Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 02/14/2024 11:00:00 PM
- Hecla Reports Exploration Results and Reserves • Business Wire • 02/13/2024 10:30:00 PM
- Hecla 2023 Results Conference Call/Webcast and Virtual Investor Event • Business Wire • 02/01/2024 09:15:00 PM
- Hecla Announces 2023 Production • Business Wire • 01/10/2024 09:30:00 PM
- Hecla to Participate at Upcoming Conferences • Business Wire • 01/08/2024 09:15:00 PM
- HECLA ANNONCE SES RÉSULTATS DU TROISIÈME TRIMESTRE 2023 • Business Wire • 11/28/2023 12:00:00 PM
- Hecla Reports Third Quarter 2023 Results • Business Wire • 11/06/2023 11:19:00 PM
- Hecla Third Quarter 2023 Results Conference Call/Webcast and Virtual Investor Event • Business Wire • 10/24/2023 08:15:00 PM
- Hecla Announces Third Quarter Production • Business Wire • 10/12/2023 10:00:00 AM
- Hecla to Participate in John Tumazos Very Independent Research Virtual Conference • Business Wire • 10/09/2023 10:00:00 AM
- Hecla Announces Lucky Friday Update • Business Wire • 09/18/2023 10:00:00 AM
- Hecla to Participate in H.C. Wainwright Global Investment Conference and Gold Forum Americas • Business Wire • 09/11/2023 10:30:00 AM
- HECLA ANNONCE SES RÉSULTATS DU DEUXIÈME TRIMESTRE 2023 • Business Wire • 08/31/2023 01:17:00 AM
- Hecla Announces Lucky Friday Update • Business Wire • 08/21/2023 10:00:00 AM
- Hecla Reports Second Quarter 2023 Results • Business Wire • 08/09/2023 03:06:00 AM
- Hecla Second Quarter 2023 Results Conference Call/Webcast and Virtual Investor Event • Business Wire • 07/24/2023 08:15:00 PM
- HECLA ANNONCE SES RÉSULTATS DU PREMIER TRIMESTRE 2023 • Business Wire • 07/14/2023 12:47:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM