Globex receives $100K anniversary payment from Orford

Dec 2, 2022

2022-12-02 11:42 ET – News Release

Mr. Jack Stoch reports

GLOBEX OPTION PARTNER ORFORD ADVANCES JOUTEL EXPLORATION

Globex Mining Enterprises Inc. has received the first-year anniversary option payment from Orford Mining Corp. consisting of $100,000 cash and, upon approval of the TSX Venture Exchange, Orford intends to issue 1,428,571 Orford Mining shares to Globex in regard to Orford’s option of Globex’s Eagle Northwest, Gagne and Valrennes claim packages totalling 191 claims (approximately 50 square kilometres) in the Joutel mining camp (see Globex’s Nov. 30, 2021, press release for option details).

Orford reports that it has completed a 718 line km time-domain electromagnetic (TDEM) and magnetic survey over the entire property as well as a three-hole initial drill program on the South Gold zone. Orford has indicated that in January, 2023, it will start a 2,000-metre, 10-hole drill program on the South Gold zone and several regional targets.

Globex is very pleased with the pace and progress made by Orford and looks forward to the January drill program.

Globex has acquired a block of 18 claims, the Mistaouac NE property, tying onto the on-strike extension of the Eagle Northwest claim block where Globex has identified several prospective drill targets.

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

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