Globex Mining Enterprises Inc.: High Grade Gold Intersection at Wood-Pandora Joint Venture.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 Globex An electronic trading platform used for derivative, futures, and commodity contracts. Globex runs continuously, so it is not restricted by borders or time zones. Notes: Globex was introduced in 1992 by Reuters. 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) is pleased to announce an important gold bearing drill intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 25.35 g/t Au (0.74 oz/T Au) over 6 m (19.68 ft) or 18.71 g/t Au (0.55 oz/T Au) over 8.25 m (27 ft) on their 50-50 Wood-Pandora Joint Venture project with QUEENSTON MINING INC. (QMI-Toronto, Stuttgart) in Cadillac Cadillac expensive automobile and status symbol. [Trademarks: Crowley Trade, 83] See : Luxury Township township: see town. , Quebec. In the recently completed four hole drill program, three shallow 110 m holes and one deeper 267 m hole were drilled to follow-up a previous gold intersection in hole W05-05 which assayed 2.95 g/t Au (0.08 oz/T Au) over 6.14 m (20.1 ft) at a vertical depth of 175 m in what is interpreted as the D Zone. To date, assays are available from only 2 of the 4 drill holes. Shallow hole W05-08 intersected the D Zone 130 m above the intersection in hole W05-05 at a vertical depth of 45 m returning 4.85 g/t Au (0.14 oz/T Au) over 1.74 m (5.7 ft). Further down the same hole, a second gold interval assayed 8.6 g/t Au (0.25 oz/T Au) over 2 m (6.5 ft). Hole W05-09, the only deep hole of the drill campaign was completed 50 m (164 ft) west of hole W05-05 and intersected three gold bearing horizons termed the Upper D, Middle D and Lower D respectively. The Upper D intersection centered at a vertical depth of 172 m (564 ft), returned 25.35 g/t Au over a core length of 6 m or 18.71 g/t Au over a core length of 8.25 m as stated above, the best assays (uncut) being as follows; ------------------------------------------------------------------ DEPTH (m) Hole W05-09 LENGTH (m) Au (g/t) LENGTH (ft) Au oz/T ------------------------------------------------------------------ 201.50 - 203.00 1.50 5.01 4.92 0.15 ------------------------------------------------------------------ 203.00 - 204.15 1.15 19.94 3.77 0.58 ------------------------------------------------------------------ 204.15 - 204.65 0.50 136.07 1.64 3.97 ------------------------------------------------------------------ 204.65 - 206.00 1.35 24.35 4.43 0.71 ------------------------------------------------------------------ 206.00 - 207.50 1.50 13.84 7.92 0.40 ------------------------------------------------------------------ Free gold is visible in part of the core. The Middle D intersection returned the following core length and weighted average gold grade: ------------------------------------------------------------------ DEPTH (m) Hole W05-09 LENGTH (m) Au (g/t) LENGTH (ft) Au oz/T ------------------------------------------------------------------ 217.1 - 222.00 4.9 5.27 16.07 0.15 ------------------------------------------------------------------ The Lower D intersection returned the following core length and weighted average gold grade: ----------------------------------------------------------------- DEPTH (m) Hole W05-09 LENGTH (m) Au (g/t) LENGTH (ft) Au oz/T ----------------------------------------------------------------- 225.00 - 229.50 4.5 2.07 14.76 0.06 ----------------------------------------------------------------- The host unit is highly contorted talc-chlorite schist which appears to thicken with depth and is interpreted as being the same structure, the Cadillac Break, that hosts the developing 1.7 million ounce Lapa gold deposit to the east. Further up hole W05-09, numerous erratic gold values were intersected including the following: ----------------------------------------------------------------- DEPTH (m) LENGTH (m) Au (g/t) LENGTH (ft) Au oz/T ----------------------------------------------------------------- 21.44 - 22.15 0.71 6.99 2.33 0.20 ----------------------------------------------------------------- 52.00 - 53.50 1.50 5.62 4.92 0.16 ----------------------------------------------------------------- 146.59 - 149.25 2.66 3.95 8.73 0.11 ----------------------------------------------------------------- Core from 2 additional shallow drill holes W05-10 and W05-11 collared 50 m west and 50 m east respectively of W05-05 are currently being logged and split for assaying. The deepest intersections, in holes W05-05 and new hole W05-09, indicate that the host rock unit is widening at depth as are the gold intersections, which are open in all directions. Considering the excellent gold values intersected in the deepest hole W05-09, another drill program will be initiated, timing being dependent upon drill availability, to test the D Zone at depth. The drill program was managed by Globex Mining Enterprises Inc. under the direction of Globex's qualified person, chief geologist, 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. The drill core was logged and split and half-core samples were analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by standard fire assay with atomic absorption or 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. finish at Expert Laboratory Inc. of Rouyn-Noranda, Quebec. Geochemical assays greater than 1 g/t were subjected to a gravimetric fire assay. GLOBEX MINING ENTERPRISES INC. holds a diversified diversified (di·verˑ·s portfolio of over 70 mineral properties both in Canada and the U.S., including numerous gold prospects, more than 20 of which are deposits or advanced exploration projects, a number of base metal properties including drill defined sulphide sulphide: see sulfide. copper, zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. , gold and silver deposits; three diamond projects; one molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. deposit; one magnesium-talc deposit; one six property uranium-gold project; one uranium-fluorite deposit and two uranium uranium (y  rā`nēəm), radioactive metallic chemical element; symbol U; at. no. 92; at. wt. 238.0289; m.p. 1,132°C;; b.p. 3,818°C;; sp. gr. 19. showings. Globex explores for its own account but also derives
revenue and advances exploration or development through the optioning
of its properties while retaining royalties on possible future
production. In addition to those already under option, management is
currently in discussion with several parties interested in optioning
various Globex properties. The terms of such ventures and the results
of ongoing work programs will be announced as the information becomes
available.
"We Seek Safe Harbour" Foreign Private Issuer 12g3 - 2(b) CUSIP Number 379900 10 3 A map is available at the following address: http://www.ccnmatthews.com/docs/globex.jpg GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (PINK SHEETS:GLBXF) (FRANKFURT:G1M) |
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