Business
Globex Consolidates 100% Ownership of Blackcliff Gold Zone
ROUYN-NORANDA, Quebec, Sept. 02, 2025 (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) is pleased to inform shareholders that it has purchased 50% interest in the Blackcliff Gold Mine Property from Altai Resources Inc. for a cash consideration of one hundred and forty-two thousan
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[{"type":"image","alt":"Globex Mining Enterprises Inc.","displaySize":"","headline":null,"caption":"Globex Mining Enterprises Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":144,"height":150,"url":"https://media.zenfs.com/en/globenewswire.com/019e5defbf0920beae8b3332f588f6f2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5VJ5_4OLNaCLnxNoXF6_tw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTIxOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/019e5defbf0920beae8b3332f588f6f2","width":144,"height":150}},"lazy":false},{"type":"text","content":"ROUYN-NORANDA, Quebec, Sept. 02, 2025 (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) is pleased to inform shareholders that it has purchased 50% interest in the Blackcliff Gold Mine Property from Altai Resources Inc. for a cash consideration of one hundred and forty-two thousand dollars ($142,000). Globex now owns 100% interest in the property which consists of six claims totalling 127.6 hectares located in Malartic Township, Quebec.","length":663,"tagName":"p"},{"type":"text","content":"The property is within the same geological units and adjoins to the west of the former Camflo Gold Mine property which had a reported resource of 8,862,240 tonnes grading 5.78 g/t Au (Source Sigeom). The property is also about 6 kms northeast of Agnico Eagle Mines Ltd.’s Canadian Malartic Mine. By 1986, 6 years before closure, Camflo had produced 46 tonnes of gold. From a strategic point of view, the property is only 22 kilometres (13.6 miles) east of Globex’s 100% owned Central Cadillac – Wood- Ironwood Gold Mines property.","length":530,"tagName":"p"},{"type":"text","content":"The Blackcliff Gold Deposit was discovered in 1944 and since then a number of mostly relatively shallow drill campaigns have been undertaken on the property in addition to stripping and in 1947, a 84 m (275 ft) shaft and two levels at 38 m (124 ft) and 76m (149 ft) with a 50 m (164 ft) drift on the first level and a 51 m (167 ft) drift on the second level.","length":358,"tagName":"p"},{"type":"text","content":"In 1987-88 Essor Exploration reopened the underground workings and mapped and sampled the drifts. T...