Globex Mining Enterprises Inc. provided shareholders with information regarding a recent drill hole completed on our 100% owned Beacon claim, east of Val D’Or, Quebec based upon recent geological interpretation.
Globex undertook a drill hole to intersect the Bourlamaque granodiorite batholith near its contact with volcanic units. The 426 metre drill hole intersected 5.19 g/t Au over 2.9 m including 8.68 g/t Au over 1.5 m in a broader gold zone grading 3.72 g/t Au over 4.4 m from 394.6 m to 399.0 m in the hole. The intersection of coarse disseminated pyrite is at a vertical depth of 260 metres. The mineralized contact area is untested in all directions for a strike distance of at least 450 metres. The same granodiorite contact area hosts the Wrightbar Gold Mine (a 100% owned Globex property) and the Beacon Gold Mines to the southwest and Richmont’s Beaufor Gold Mine and the Courvan Gold Mine to the north. As only one hole has been completed to date, the true width is unknown.
Globex intends to do additional drilling on this discovery.
