Globex Mining adds mineral rights at Joutel mining camp

Feb 27, 2019

2019-02-27 11:04 ET – News Release

Mr. Jack Stoch reports

GLOBEX ADDS MORE CLAIMS AT JOUTEL AND DRILLING TO START AT FRANCOEUR/ARNTFIELD GOLD PROPERTY

Globex Mining Enterprises Inc. has acquired additional mineral rights in the Joutel gold and base metal mining camp of Quebec.

Globex already owns three former mines in the Joutel mining camp: the Poirier mine (copper/zinc), the Joutel mine (copper/zinc) and the Eagle mine (gold). All three former mines have historical resources and underground access through shafts and drifts.

Recently, over 10 kilometres of the Eagle mine horizon became available and Globex was able to acquire the entire strike length. The claims have seen historical exploration, including drilling. The drilling defined the underlying mine horizon of interest over the entire acquired property. Numerous gold intersections are reported or indicated. Many of the older drill records report prospective geology (quartz veins, sulphides, alteration) but, often, little or no assaying.

Globex intends to compile the historical data and seek an option partner or buyer for the prospective Joutel mining camp package.

Globex also wishes to inform shareholders that drilling is expected to start next week on its 100-per-cent-owned Francoeur/Arntfield gold mines property. The South gold zone and 450 gold zone will be targeted, as previously stated in the company’s press release dated Feb. 12, 2019.

This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.

We seek Safe Harbor.

https://globexmining.com/news.php