Globex – Nordeau West Resource Report Filed

Mar 26, 2019

Globex – Nordeau West Resource Report Filed

March 25, 2019 – Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchangesand GLBXF – OTCQX International) is pleased toreport to shareholders that Chalice Gold Mines Ltd. (CXN-TSX) have posted on Sedar  an amended NI 43-101 Technical Report on the East Cadillac Gold property which includes Globex’s Nordeau West and East gold zones, and Bateman gold area and other claims. The report does not include recent work.

In the NI 43-101 Report on pages 83 and 85, the following resource calculations are provided for the Nordeau West gold zone:

  Tonnage Grade g/t Au Oz Au
Indicated Resource at Cut-off of 1 g/t Au

or

Indicated Resource at Cut-off of 2.75 g/t Au

1,152,522

 

225,342

2.12

 

4.17

78,556

 

30,212

Inferred Resource at a cut-off of 1 g/t Au

or

Inferred Resource at a cut-off of 2.75 g/t Au

3,736,249

 

1,112,321

2.41

 

4.09

289,532

 

146,315

The report, among other things, recommends ‘’work programs should include diamond drilling focused on further delineating the resource at Nordeau West…’’.

Globex has not reviewed the Technical Report and therefore advises that it should not be relied upon.

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.

Data Source:

Technical Report and Mineral Resource Estimate:  East Cadillac Gold Project, Val-d’Or, Quebec, prepared for Chalice Gold Mines Limited by John Langton, M.Sc., P. Geo., and Abderrazak Ladidi, P.Geo., dated February 12, 2017 (amended March 12, 2019), MRB and Associates of Val-d’Or, Quebec.  Available on Globex’s website under Properties, Nordeau Property.

Globex Mining Enterprises Inc.
86, 14e Rue, Rouyn-Noranda QC J9X 2J1 CANADA
Tel.: 819.797.5242, Fax: 819.797.1470
www.globexmining.com
Globex – GMX Toronto Stock Exchange . GLBXF OTCQX International . G1M Frankfurt Stock Exchange

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

 

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