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Globex Mining Enterprises Inc. informed shareholders that it has started a series of diamond drill programs on various properties.
To date, 9 holes have been completed on our 100% owned Tonnancour Property south of Quevillon, Quebec. The holes are targeting a copper, zinc, gold and silver showing with several historical drill hole intersections while another series of holes will target a number of isolated electromagnetic anomalies outlined both in airborne and ground geophysical surveys undertaken by Globex. On our 100% owned Donalda Gold Mine Property located adjacent to the Horne, Quemont and Delbridge deposits at Rouyn‐Noranda, Quebec, Globex has identified four historical shallow drill holes which have returned up to 10.6 g/t Au over 2.56 meters (0.31 oz/T Au over 8.4 feet) in an area that has not reported follow‐up drilling. In addition, a zone of intense alterations followed from the adjacent Delbridge property onto the Donalda property will be explored where it plunges onto our property. A drill program consisting of 5 holes is planned as a first phase. Drilling permits have been requested for 7 holes to be drilled on our 50% owned and managed Wood– Pandora Property in joint venture with Queenston Mining Inc. The drilling will follow up on positive drill results released in the press release dated May 5th, 2011 and upon targets identified in a new structural study of the property. Drilling is also planned upon the Farquharson Property located between the Sigma Gold Mine property and the Sullivan Mine property (polymetallic massive sulphides), our isolated Beacon East claims, the Smith shaft area, part of our Smith‐Zulapa Property and the Wrightbar Mine Property all located east of Val D’or, Quebec. In addition to the above drill program, a team of geologists, prospectors and line cutters have been mobilized to the Turner Falls Rare Earth Property. Press releases dated February 1st, 2010, August 19 and 26, 2010 and January 17, 2011, reflect significant light and heavy rare earth values found both in outcrop and boulders during last summer’s program of mapping, prospecting and geophysics. Globex intends to complete mapping and prospecting of the property, blast and sample areas of high rare earth concentrations and if warranted, drill the zones delineated by this summer’s field work in the fall. |
