| May 26, 2022 – 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 provide a brief update on the latest drill result announced by Starr Peak Mining Ltd. (TSXV:STE, OTCQX:TRRPF) today on Globex’s NewMétal property , Normetmar Zone, at Normetal, Quebec.
On May 19, 2022 Starr Peak announced assays from hole STE-22-092-W2 which intersected 5.03% zinc equivalent over 12.5 metres. In addition, they indicated that a wedge hole, STE-21-92-W3, above this hole intersected mineralization including an estimate of 15% chalcopyrite over 3.7 metres.
Today Starr Peak announced the assays from wedge hole STE-21-92-W3 as follows:
| Zone |
Hole No. |
From (m) |
To (m) |
Length (m) |
Zn
(%) |
Cu
(%) |
Ag
(g/t) |
Au
(g/t) |
Zn_Eq (%) |
| Deep |
STE-22-92-W3 |
1040.85 |
1046.75 |
5.90 |
0.10 |
2.31 |
24.94 |
0.86 |
9.49 |
|
Including |
1041.60 |
1044.65 |
3.05 |
0.10 |
4.17 |
45.20 |
1.61 |
17.17 |
Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.
Drilling continues on the property with two drills. Starr Peak also indicated that drilling by a third rig on Globex’s Rousseau and Turgeon Lake gold royalty properties has been completed and results are pending as are additional assay results from the winter drill program on the northern portion of the NewMétal property.
Globex retains a 2.5% Gross Metal Royalty on the Normetmar Zone and retains over one million Starr Peak shares. (Note: Production royalties are only payable upon production.)
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. |
High Grade Copper Intersected in “Deep Zone” at Globex’s NewMetal Royalty Property
