Latest news with #GlobexMiningEnterprisesInc
Yahoo
06-05-2025
- Business
- Yahoo
Drilling Update on Globex's Bald Hill Antimony Property Under Option to Antimony Resources Corp.
Globex Mining Enterprises Inc. ROUYN-NORANDA, Quebec, May 06, 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 provide an update on drilling by Antimony Resources Corp. (ATMY-CSE, K8J0-FSE) on the Bald Hill antimony property in New Brunswick under option from Globex. Under the option, Antimony Resources Corp. (formerly called Big Red Mining Corp.) must pay Globex $2,000,000 in cash and 1.1 million shares and undertake a minimum of $5,000,000 in work over 4 years to gain 100% interest in the property, subject to a 3.5% Gross Metal Royalty, 1% of which may be purchased for $1,000,000 adjusted for inflation (see Globex press release dated January 22, 2025 for details). Antimony Resources Corp. has reported that the 2,500 metres, 20 drill hole program started on April 15, 2025 and that antimony mineralization with thicknesses of up to 20 metres core length (approximate 12 metre true width) have been intersected in 5 of 6 holes which total 1,030 metres completed to date. Assaying is expected to be completed within 4 weeks. Globex shareholders can access the Antimony Resources Corp. press release here. 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 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 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
Yahoo
30-01-2025
- Business
- Yahoo
Emperor Reports Additional Drill Results on Duquesne West
ROUYN-NORANDA, Quebec, Jan. 30, 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 provide additional information as reported by Emperor Metals Inc. regarding work on the 50% Globex owned Duquesne West property in Duparquet Township, Quebec, 32 km northwest of the city of Rouyn-Noranda. Emperor completed 8,166 metres of drilling in 19 new holes, and approximately 8,000 metres of historic core resampling in 2024. To date, 88% of the new drill assays have been reported but only 52% of the combined new and historical core resampling. 'Emperor is targeting a multi-million-ounce resource, utilizing a combination of conceptual open-pit and underground mining scenarios.' An updated mineral resource estimate is expected in Q1 or early Q2, 2025. New drill results within the conceptual open pit and outside it, includes the following: Hole DQ24-15 14.2 m grading 1.2 g/t Au and 20.4 m grading 0.6 g/t Au Hole DQ24-12 16.3 m grading 0.8 g/t Au Hole DQ24-13 8.1 m grading 1.0 g/t Au and 30.5 m grading 0.5 g/t Au Hole DQ24-16 7.1 m grading 1.3 g/t Au CEO John Florek of Emperor commented: 'It's clear that we continue to observe widespread gold mineralization both within and outside the current open-pit concept. This highlights the significant exploration potential to add valuable ounces to the project, supporting the upcoming 2025 Mineral Resource Estimate (MRE) expected in Q1 or early Q2.' Shareholders can access the detailed Emperor press release Duquesne West property is under option from Duparquet Assets Ltd. which 50% is owned by Globex, as announced in a press release date October 12, 2022. 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 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 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 to access your portfolio
