Globex – Rocmec 1 (Russian Kid) Gold Mine Update
October 7, 2020. For your information, a press release was issued this morning by Nippon Dragon Resources which are underground on the Globex Rocmec 1 royalty property. Globex’s royalty is two fold, 5% of the first 25,000 oz Au produced and 3% thereafter. Click here for the PDF copy of the press release.
Also for your information, about Rocmec 1, a report dated May 25, 2010 by SGS Canada Inc. Geostat of Blainville, Quebec, titled Technical Report, Resource update, Rocmec 1 Mineral Deposit, Abitibi West, Quebec, Canada for Rocmec Mining Inc. (now Nippon Dragon) reported the following:
| Classified Global Resources at 3 g/t Au Cut‐off | ||||||
| Classification | Tonnage | Au (gpt) |
Oz (31.103 g) |
Average Thickness (m) |
Volume (m3) |
Surface (m2) |
| Measured | 124 800 | 6.95 | 27 900 | 0.77 | 46 200 | 60 300 |
| Indicated | 445 400 | 6.40 | 91 600 | 0.65 | 165 000 | 255 000 |
| Total | 570 300 | 6.52 | 119 500 | 0.67 | 211 200 | 315 300 |
| Inferred | 1 512 400 | 7.40 | 359 600 | 0.75 | 560 100 | 749 900 |
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