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Globex Acquires 100% Interest in Standard Gold Property.

M2 EQUITYBITES-July 26, 2019-Globex Acquires 100% Interest in Standard Gold Property


26 July 2019 - Canada-based Globex Mining Enterprises Inc. (GMX Toronto Stock Exchange: GLBXF) (OTCQX: GLBXF) has acquired 100% interest in the Quebec, Canada-based Standard Gold Property for 160,000 Globex common shares, the company said.

Terms of the transaction were not disclosed.

The Standard Gold property has been explored by various drill programmes particularly in the area of the 389 metre (1,275 ft) deep shaft from which a number of small bulk samples have been mined.

Mineralisation consists of native gold associated with pyrite, chalcopyrite and sphalerite disseminated in quartz veins within a linear body of diorite within volcanic rocks. Much of the gold localising linear diorite body is under explored.

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Publication:M2 EquityBites (EQB)
Date:Jul 26, 2019
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