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Globex Mining’s Kewagama Gold Royalty Continues to Demonstrate Economic Potential
ROUYN-NORANDA, Quebec, May 09, 2024 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munic
About this update from Globex Mining Enterprises Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, May 09, 2024 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) wishes to inform shareholders that Radisson Mining Resources Inc. (RDS-TSXV, RMRDF-OTCQB) has reported additional gold intersections on their O’Brien Gold Project, specifically on the Kewagama Gold Mine portion on which Globex Mining Enterprises Inc. holds a two percent (2%) Net Smelter Royalty (see Radisson’s press release here). Gold intersections include the following were high-grade intersections: Hole OB-23-286: 4.00 m grading 9.70 g/t Au Hole OB-23-289: 4.50 m grading 6.54 g/t Au Hole OB-24-306: 4.00 m grading 6.40 g/t Au Table 1: Trend 4 Drill Results summary - Radisson DRILL HOLE ZONE FROM(m) TO(m) CORE Length (m) AU (g/t) - Uncut COMMENTS OB-23-286 Trend #4 291.00 337.70 45.70 1.11 Pontiac Sediments *VG Including 291.00 295.00 4.00 9.70 Pontiac Sediments *VG Which includes 292.00 293.00 1.00 37.70 Pontiac Sediments *VG 332.10 334.50 2.40 3.32 OB-23-287 Trend #4 56.30 59.00 2.70 4.73 Piché Group OB-23-288 Trend #4 331.10 360.00 28.90 0.70 Pontiac Sediments And 628.20 632.70 4.50 3.96 Piché Group Including 628.20 629.70 1.50 9.85 Piché Group OB-23-289 Trend #4 364.50 369.00 4.50 6.54 Piché Group Including 364.50 366.70 2.20 10.02 Piché Group OB-23-305 Trend #4 135.50 139.50 4.00 6.40 Pontiac Sediments *VG Including 135.50 136.50 1.00 20.40 Pontiac Sediments *VG OB-24-306 Trend #4 67.80 117.50 49.70 0.84 Pontiac Sediments *VG Including 67.80 76.00 8.20 3.97 Pontiac Sediments *VG Which includes 67.80 71.00 3.20 7.97 Pontiac Sediments *VG VG= Visible Gold In addition to the higher-grade intersections, drilling encountered wide zones of lower grade gold mineralization to the south in the Pontiac Sediments, including: Hole OB-23-286 : 45.70 m at 1.11 g/t Au Hole OB-23-288 : 28.90 m at 0.70 g/t Au Hole OB-24-306 : 49.70 m a...