October 2, 2024 – Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to report drill results announced by Consolidated Lithium Metals Inc. (CLM-TSXV) on Globex’s Fiedmont (East Vallée) royalty claims located along strike to the southeast of Sayona’s North American Lithium Mine near Barraute, Quebec. Globex retains a 2% NSR on the claims.
The drill program consisted of 12 holes testing the southeast extension of the Core Pegmatite, which has previously been defined over a 4.25 km strike length. Ten (10) of the drill holes were drilled on the Globex royalty claims (holes EV 24-001 to EV 24-009 inclusive and hole EV 24-012).
Intersections include:
Table 1 – Lithium Intersections from the 2024 East Vallée Drill Program
Hole |
From (m) |
To. (m) |
Length (m)* |
Li2O (%) |
EV-24-002 |
99.25 |
108.50 |
9.25 |
0.754 |
|
101.00 |
105.00 |
4.00 |
1.184 |
EV-24-007 |
181.85 |
182.90 |
1.05 |
0.308 |
EV-24-008 |
176.30 |
177.45 |
1.15 |
0.310 |
EV-24-008 |
179.00 |
179.60 |
0.60 |
0.347 |
EV-24-009 |
102.95 |
103.60 |
0.65 |
0.293 |
* True widths of the mineralization reported cannot be determined at this time. Cut-off grades for compositing was 0.25% Li2O |
Full details of the drill program are available in the Consolidated Lithium Metals Inc. press release available here.
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. |