Globex: New Gold Discovery 22.6 g/t Gold '0.66 Oz/T Gold' Over 22.9 M '75.1 Ft' True Width at Wood-Pandora Property.ROUYN-NORANDA, Quebec Rouyn-Noranda (2006 population 39,924) is a city on Osisko Lake in northwestern Quebec, Canada. The city of Rouyn appeared after copper was discovered in 1917. Noranda (a contraction of "North Canada") was created later around the Horne mine and foundry. -- GLOBEX MINING ENTERPRISES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GMX GMX Global Message Exchange ) (PINK SHEETS:GLBXF) (Frankfurt:G1M) and QUEENSTON MINING INC. (QMI-Toronto, Stuttgart) are pleased to announceassay results from a wildcat wildcat, common name of two Old World cats, the European wildcat, Felis sylvestris, of Europe and W Asia, and the African wildcat, or kaffir cat, F. lybica, of Africa and Asia. drill hole and three follow-up holes, drilled in order to test a weak airborne electromagnetic anomaly located during a recent survey flown over the Wood-Pandora Joint Venture property in Cadillac township, Quebec. Three short 45 degrees dip N.Q. holes were drilled at roughly 25 m centers.The middle of the three holes (W06-17) intersected a zone of disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. and arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. over a true width of 7.3 m which graded 2.22 g/t gold and included a 1.63 m section of heavier sulphides which graded 5.45 g/t gold. The eastern of the three short holes (W06-24) intersected approximately 4 metres of disseminated pyrrhotite which assayed 7.10 g/t au over a true width of 0.60 m and a second section that assayed 10.40 g/t Au over a true width of 2.98 m or 7.53 g/t Au over a true width of 4.33 m. Based upon the geology and gold assays intersected in hole W06-17, it was decided to drill a second hole (W06-22) from the same set up as W06-17 but at an angle of 65 degrees.This drill hole W06-22 intersected a core length of 45.80 m (150.3 ft) of disseminated and to a large degree semi-massive sulphides composed of varying concentrations of pyrrhotite, arsenopyrite and minor pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. . Fine free gold was evident in the upper part of the mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zone. Due to the nature of the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , the core was analyzed using the metallic sieve method with a gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. fire assay finish. The work was undertaken by Laboratoires Expert in Rouyn-Noranda, Quebec under the direction of Joe Landers. Analysis indicated the following gold value over the indicated core length and true width:
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DDH W06-22 Metric Imperial
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Core Length 45.8 m 150.3 ft
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True Width 22.9 m 75.1 ft
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Gold Assay 22.6 g/t 0.66oz/T
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The mineralized intersection in hole W06-22 returned the following
assays.
From (m) To (m) Core Length (m) True Width (m) Gold Assays (g/t)
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126.15 126.88 0.73 0.36 12.88
126.88 126.94 0.06 0.03 Ground and
Lost Core
126.94 127.44 0.50 0.25 20.67
127.44 128.50 1.06 0.53 67.95
128.50 129.43 0.93 0.47 46.92
129.43 130.30 0.87 0.44 61.94
130.30 131.20 0.90 0.45 45.65
131.20 132.10 0.90 0.45 22.23
132.10 132.60 0.50 0.25 24.73
132.60 133.60 1.00 0.50 10.65
133.60 135.00 1.40 0.70 3.09
135.00 136.50 1.50 0.75 0.64
136.50 138.00 1.50 0.75 31.64
138.00 139.50 1.50 0.75 5.05
139.50 141.05 1.55 0.78 25.97
141.05 142.50 1.45 0.72 31.78
142.50 144.00 1.50 0.75 9.76
144.00 145.50 1.50 0.75 20.00
145.50 147.00 1.50 0.75 32.23
147.00 148.50 1.50 0.75 10.49
148.50 150.00 1.50 0.75 17.07
150.00 151.50 1.50 0.75 16.29
151.50 152.97 1.47 0.73 23.50
152.97 154.50 1.53 0.77 17.85
154.50 156.00 1.50 0.75 53.45
156.00 157.10 1.10 0.55 52.07
157.10 158.20 1.10 0.55 29.73
158.20 158.65 0.45 0.23 9.75
158.65 160.00 1.35 0.67 12.72
160.00 161.00 1.00 0.50 0.03
161.00 162.15 1.15 0.58 0.54
162.15 163.33 1.18 0.59 0.67
163.33 164.50 1.17 0.58 35.99
164.50 165.50 1.00 0.50 17.38
165.50 166.25 0.75 0.38 34.96
166.25 167.25 1.00 0.50 17.10
167.25 168.25 1.00 0.50 7.32
168.25 169.50 1.25 0.63 6.75
169.50 170.70 1.20 0.60 50.28
170.70 171.95 1.25 0.63 18.48
Of particular note in these assays is the even distribution and high grade nature of the gold values.The intersection in hole W06-22 is located + 100 m below the zone intersected in hole W06-17 and is the only deep hole in the area although at a vertical depth of 135 metres , the intersection is not deep. Diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral has been stopped in order to allow us to undertake studies (ground geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. , etc.) which will help us to better understand the geological parameters which control this quite spectacular gold intersection. The Wood-Pandora drilling program was supervised by Globex's Exploration Manager and qualified person Ray V. Zalnieriunas, P. Geo. employing a QA/QC QA/QC Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. This press release was written by Jack Stoch in his capacity as a Qualified Person (Q.P.). We Seek Safe Harbour. GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (PINK SHEETS:GLBXF) (FRANKFURT:G1M) |
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