Latest news with #Globex
Yahoo
26-05-2025
- Business
- Yahoo
Gold Resource Increase on Globex's Parbec Royalty Property
ROUYN-NORANDA, Quebec, May 26, 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 Renforth Resources Inc. (RFR-CSE, RFHRF-OTC, 9RR-FSE) has published a new NI 43-101 Resource Estimate Technical Report as regards the Parbec Property in Malartic Township, Quebec. Globex retains a 3% Gross Metal Royalty on all mineral production from the property which is located 5 kilometres west of the large open pit Agnico Eagle Malartic Gold Mine along the gold localizing Cadillac Break. Renforth announced a 29% increase in the resource estimate with 73% of the new mineral resource now in the Measured and Indicated categories. The resource data summary by SGS Canada Inc. is reproduced below. April 2025 Parbec Gold Deposit MRE(1) Mineral Resources are reported at a cut-off grade of 0.27 g/t Au for the open-pit mining scenario and 1.40 g/t Au for the underground mining scenario(2) The cut-off grades were determined at a gold price of 2,100 US$ per ounce.(3) The mineral resources were estimated in compliance with Canadian Institute of Mining, Metallurgy and Petroleum standards. These mineral resources were reported in accordance with the NI 43-101 standards.(4) Mineral resources do not constitute mineral reserves because they have not demonstrated economic viability.(5) Inferred resources are exclusive of measured and indicated resources.(6) The effective date of these mineral resources is April 4, 2025.(7) Assumptions used are a mining recovery of 95%, a mining dilution of 5%, processing recovery of 95%, processing cost of 12.75 US$/t, general and administration of 1.50 US$/t, open-pit mining cost of 2.5 US$/t for ore, 2 US$/t for waste and underground mining cost of 66 US$/t.(8) All resources are presented in-situ and undiluted.(9) All $ values are in US$ unless specifically noted.(10) All figures are rounded to reflect the relative accuracy of the estimate. Numbers may not add due to rounding. 173 NQ drill holes totalling 46,144 metres and 28,404 assayed samples totalling 31,483 metres were incorporated into the new resource calculation, undertaken by Yann Camus, at SGS Canada Inc. and a qualified person as defined by National Instrument 43-101, in a NI 43-101 report titled Technical Report on the Mineral Resource Estimate Updated for the Parbec Gold Deposit, Abitibi-Temiscamingue Region, Québec, Canada, May 22, 2025. The NI-43-101 may be accessed on Sedar or on Globex's web site. The Renforth press release may be accessed by clicking through here. Globex is pleased with the progress by Renforth in upgrading the resource both in number of gold ounces and in the upgrading of the quality much of the resource into the Measured and Indicated categories. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, & CEOGlobex Mining Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
23-05-2025
- Business
- Business Upturn
Massive Antimony Bearing Stibnite Reported in Bald Hill Drill Holes
By GlobeNewswire Published on May 23, 2025, 19:26 IST ROUYN-NORANDA, Quebec, May 23, 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 pass onto shareholders a press release by Antimony Resources Corp. (ATMY-CSE, K8JO-FSE) regarding a site visit to Globex's Bald Hill Antimony Property in Nova Scotia. As reported in the press release, 1,600 metres of the 2,500-metre drill program has been completed and that 'sections of massive stibnite and stibnite bearing breccia filling have been intersected in approximately 80% of drill holes' and 'antimony bearing mineralization has been discovered in surface outcropping over a distance of at least 300 metres.' Details including photos of core are available in the Antimony Resources press release available here. The technical information in the Antimony Resources press release was reviewed and approved by Jim Atkinson, MSc., who is a Qualified Person as defined by National Instrument 43-101. This press release was written by Jack Stoch, President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, & CEOGlobex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242Fax: 819.797.1470 [email protected] Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
23-05-2025
- Business
- Yahoo
Massive Antimony Bearing Stibnite Reported in Bald Hill Drill Holes
ROUYN-NORANDA, Quebec, May 23, 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 pass onto shareholders a press release by Antimony Resources Corp. (ATMY-CSE, K8JO-FSE) regarding a site visit to Globex's Bald Hill Antimony Property in Nova Scotia. As reported in the press release, 1,600 metres of the 2,500-metre drill program has been completed and that 'sections of massive stibnite and stibnite bearing breccia filling have been intersected in approximately 80% of drill holes' and 'antimony bearing mineralization has been discovered in surface outcropping over a distance of at least 300 metres.' Details including photos of core are available in the Antimony Resources press release available here. The technical information in the Antimony Resources press release was reviewed and approved by Jim Atkinson, MSc., who is a Qualified Person as defined by National Instrument 43-101. This press release was written by Jack Stoch, President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, & CEOGlobex Mining Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on in to access your portfolio
The Market Online
23-05-2025
- Business
- The Market Online
Globex announces major drilling expansion at Québec gold project
Globex Mining Enterprises (TSX:GMX) said that Radisson Mining Resources Inc. (TSXV:RDS) is significantly expanding its 2025 exploration efforts at the historic O'Brien Gold Project in Québec Radisson has announced an increase to its ongoing 22,000-metre drill program, adding an additional 18,000 metres of drilling that the expanded program will target both the O'Brien Mine and the East O'Brien area, with drilling planned to reach depths of up to two kilometres Globex Mining Enterprises stock (TSX:GMX) last traded at C$1.42 Globex Mining Enterprises (TSX:GMX) has informed shareholders that Radisson Mining Resources Inc. (TSXV:RDS) is significantly expanding its 2025 exploration efforts at the historic O'Brien Gold Project in Québec. Radisson has announced an increase to its ongoing 22,000-metre drill program, adding an additional 18,000 metres of drilling, bringing the total to 40,000 metres for the year. The team explained via a news release that the expanded program will target both the O'Brien Mine and the East O'Brien area, with drilling planned to reach depths of up to two kilometres. This intensified exploration effort follows promising results, including the recent observation of visible free gold, reported by Radisson on May 21, 2025. Globex holds a 2 per cent Net Smelter Royalty (NSR) on the Kewagama Gold Mine portion of the East O'Brien area, where both historical and current drilling have intersected high-grade gold mineralization. The presence of visible gold in recent core samples underscores the potential for further resource growth in this zone. In addition, Globex retains a 1 per cent NSR on the New Alger Gold Mine, also known as the Thompson-Cadillac property, which forms part of Radisson's West O'Brien holdings. These royalties could position Globex to benefit directly from any future production stemming from these high-potential assets. The O'Brien project, located along the prolific Larder Lake-Cadillac Break, is one of Québec's most historically significant gold mining areas. Radisson's aggressive exploration strategy aims to build on this legacy with modern techniques and deeper targeting. Globex Mining Enterprises Inc. is a focused exploration and development property bank. Globex Mining Enterprises stock (TSX:GMX) last traded at C$1.42 and has risen 39.22 per cent since this time last year. Join the discussion: Find out what everybody's saying about this diversified mining stock on the Globex Mining Enterprises Inc. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
22-05-2025
- Business
- Yahoo
Globex Options Devils Pike (Golden Pike) New Brunswick Gold/Antimony property
ROUYN-NORANDA, Quebec, May 22, 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 signed an option agreement on its Golden Pike (Devils Pike) gold property in New Brunswick with Australian company Bryah Resources Limited (BYH-ASX). The Golden Pike has a historical NI 43-101 capped Inferred Resource of 214,800 t at 9.6 g/t Au containing 66,300 oz gold.1 Under the agreement, which is a four-year option, Bryah may pay Globex as follows to earn a 100% interest in the property. Failure to complete all payment terms results in earning no property interest. $20,000 for 2-month due diligence period (received); Year 1, $80,000 and $ 200,000 in Bryah shares and undertake $500,000 (FIRM) in expenditures; Year 2, $100,000 and $200,000 in Bryah shares and undertake $500,000 in expenditures; Year 3, $200,000 and $200,000 in Bryah shares and undertake $1,000,000 in expenditures; Year 4, $300,000 and $500,000 in Bryah shares and undertake $1,000,000 in expenditures; Total: $700,000 cash, $1,100,000 in Bryah shares and $3,000,000 in property expenditures. Should Bryah achieve production, Globex will retain a 2% Gross Metal Royalty (GMR) on the first 20,000 oz. Au produced and a 3% Gross Metal Royalty on all subsequent production. Bryah shall have the right to purchase 1% of the 3% GMR only prior to reaching 20,000 oz. of gold recovery. In addition, at the sixth anniversary, Globex shall begin to receive an annual $60,000 advance royalty payment adjusted for inflation and recoverable by Bryah from first production of gold and other metals or minerals from the property. The property has a pre-existing royalty that may be due to a third party for which Globex will remain responsible. In addition to the property's gold potential, several occurrences of antimony are recorded with grab samples on surface of up to 53% Sb. (Note: grab samples are selective in nature and do not represent an average grade.) Extensive geological, geochemical, geophysical surveys have been undertaken on the property in addition to exploration drilling and definition drilling on the Golden (Devil's) Pike gold zone. 1 Technical Report on the Golden Pike Project, Canada NI 43-101 Report. Qualified Persons: Paul Chamois, (Applied), Tudorel Ciuculescu, David A. Ross, Roscoe Postle Associates Inc., August 19, 2011. Golden (Devil's) Pike South Gold Deposit (Longitudinal Section) – Bryah Resources Bryah Resources Press Release May 21, 2025 True Widths - Extract from NI43-101 The mineralizing system trends northerly, dips steeply to the west, and has a true width varying from one metre to five metres. Wider mineralized intervals may be a result of en echelon veining or splaying of veins. The veining is structurally controlled along a brittle fracture and is oblique to the regional northeast structural trend. The veining consists mainly of quartz and carbonate with or without sulphides. Many of the veins appear to be composite, consisting of more than one generation of quartz and/or carbonate. Individual intersections range as high as 26.47 g/t Au across 4.10 m in hole FR-95-09 to 8.08 g/t Au across 7.72 m in hole DP-08-15. COMPETENT PERSONS STATEMENT - EXPLORATION RESULTS The information in this announcement that relates to exploration results is based on the information obtained from the NI43 101, public, and supplied data (from Globex) which has been reviewed by Mr. Ashley Jones, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and is a director of Bryah Resources. Mr. Jones has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Jones consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Where the Company refers to Exploration Results in this announcement (referencing previous releases made to the ASX), the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, & CEOGlobex Mining Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
