| December 7, 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 shareholders with a brief update regarding the Eagle Gold Mine property “Eagle” optioned by Globex to Maple Gold Mines Ltd. (MG-TSXV, MGMIF-OTCQB and M3G-FSE) (“Maple Gold”).
Update:
Maple Gold has completed its second drill program at Eagle. Hole EM-22-009 intersected 11.39 g/t Au over 3 metres including 24.4 g/t Au over 1 metre (“m”) in a mineralized horizon that is parallel to the main Eagle-Telbel mine horizon (click to Maple Gold press release August 15, 2022).
Three (3) drill rigs are currently turning at Eagle, where Maple Gold’s previously announced 5,000m Phase III drill program is expected to be completed by year-end.
Maple Gold has also completed an airborne Mag-EM Survey utilizing the Geotech Ltd. VTEMTM Plus Time Domain EM system with a horizontal magnetic gradiometer configuration. The survey outlined a number of priority anomalies both north and south of the past-producing Eagle mine (click to Maple Gold Press release July 19, 2022).
The work by Maple Gold confirming significant gold values in the horizon adjoining and parallel to the main Eagle-Telbel mine horizon and the geophysical survey which indicated anomalous areas both north and south of the Eagle mine augur well for the potential of ongoing exploration on the property.
Cross section (100 m total width) highlighting EM-22-009 intercept and historical intercepts in the hanging wall microgabbro north of the main Eagle mine horizon (Source: Maple Gold news release of August 15, 2022 – Click here to see map).
|
Maple Gold Mines Ltd. Advances Exploration on Eagle Gold Mine Property Optioned from Globex
