Latest news with #JackStoch
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
Globe and Mail
22-05-2025
- Business
- Globe and Mail
More Visible Gold on Globex's Kewagama Royalty Claims
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 Exch anges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Radisson Mining Resources Inc. (RDS-TSXV) has announced that they are expanding their 22,000 metre 2025 drill program by an additional 18,000 metres. Drilling will be focused on the O'Brien Mine as well as the East O'Brien area of the New Mineral Resource to a depth of up to 2 kilometres. Globex holds a 2% Net Smelter Royalty on the Kewagama Gold Mine portion of the East O'Brien area on which previous and current drilling has intersected high-grade gold values and visible gold. Visual free gold was reported in Radisson's recent press release dated May 21, 2025 and long-section reproduced below. (Holes OB-24-363 and OB24-361). Pilot hole and wedge clusters in the O'Brien Mine and East O'Brien Areas in the west to and Trend #3 in East O'Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending. - Radisson Mining Resources Inc. Globex also holds a 1% NSR on the New Alger Gold Mine (also called Thompson Cadillac) portion of Radisson's West O'Brien project holdings. 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. CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, President & CEO Globex Mining Enterprises Inc. 86, 14 th 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
22-05-2025
- Business
- Yahoo
More Visible Gold on Globex's Kewagama Royalty Claims
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 Radisson Mining Resources Inc. (RDS-TSXV) has announced that they are expanding their 22,000 metre 2025 drill program by an additional 18,000 metres. Drilling will be focused on the O'Brien Mine as well as the East O'Brien area of the New Mineral Resource to a depth of up to 2 kilometres. Globex holds a 2% Net Smelter Royalty on the Kewagama Gold Mine portion of the East O'Brien area on which previous and current drilling has intersected high-grade gold values and visible gold. Visual free gold was reported in Radisson's recent press release dated May 21, 2025 and long-section reproduced below. (Holes OB-24-363 and OB24-361).Pilot hole and wedge clusters in the O'Brien Mine and East O'Brien Areas in the west to and Trend #3 in East O'Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending. - Radisson Mining Resources Inc. Globex also holds a 1% NSR on the New Alger Gold Mine (also called Thompson Cadillac) portion of Radisson's West O'Brien project holdings. 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 while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
