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Globe and Mail
a day ago
- Business
- Globe and Mail
High Grade Ni/PGE Adjoining Globex's Tyrone Property
ROUYN-NORANDA, Quebec, June 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 Exch anges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Azimut Exploration Inc. has announced additional positive assays from the Perseus Nickel Zone discovered in 2024 adjoining to the southeast of Globex's Tyrone Property located in the Eeyou Istchee (James Bay) region of Quebec. The previously reported drill results on the Perseus discovery includes the following as reported by Azimut: 2.98% Ni, 0.32% Cu, 2.25 g/t PGE over 8.0 m, incl. 3.74% Ni, 0.41% Cu, 2.82 g/t PGE over 6.0 m (channel) 1.10% Ni, 0.15% Cu, 1.02 g/t PGE over 9.0 m, incl. 1.42% Ni, 0.19% Cu, 1.36 g/t PGE over 6.0 m (channel) 1.64% Ni, 0.11% Cu, 1.12 g/t PGE over 8.5 m incl. 3.55% Ni, 0.19% Cu, 2.19 g/t PGE over 2.5 m; and 0.90% Ni, 0.32 g/t PGE over 9.05 m (Hole KUK24-001) 8.42% Ni, 0.55% Cu, 7.25 g/t PGE over 1.9 m (Hole KUK24-002) 0.81% Ni, 0.52 g/t PGE over 24.2 m, incl. 1.63% Ni, 0.14% Cu, 1.61 g/t PGE over 1.25 m; and 3.46% Ni, 0.21% Cu, 2.44 g/t PGE over 0.75 m (Hole KUK24-003) 6.06% Ni, 0.38% Cu, 3.34 g/t PGE over 2.6 m incl. 19.6% Ni, 0.81% Cu, 9.43 g/t PGE over 0.75 m; and 3.18% Ni, 0.15% Cu, 1.17 g/t PGE over 1.7 m (Hole KUK24-007) In a press release dated May 29, 2025, (click here to access), Azimut announced the assay results of 'Thirty (30) selected high-grade nickel samples from the Perseus Nickel Zone, all with grades higher than 3.0% Ni ranging from 3.46% to 19.60% Ni, were analysed for the complete suite of PGE (Platinum Group Elements), including platinum (Pt), palladium (Pd), and the rarest PGEs, rhodium (Rh), iridium (lr), ruthenium (Ru) and osmium (Os). These nickel samples are commonly associated with high palladium grades ranging from 1.16 g/t Pd to 12.15 g/t Pd, and high platinum grades up to 3.65 g/t Pt. These samples also returned significant grades for the rarest PGEs, with up to 1.16 g/t Rh, 0.43 g/t Ir, 2.75 g/t Ru and 0.45 g/t Os, adding significant potential value to the Perseus Zone. For indicative purposes only, the current market prices for some of the PGE's are: rhodium: US$5,325/oz.; iridium: US$4,150/oz., platinum: US$1,088/oz., palladium: US$998/oz. and ruthenium: US$615/oz. (prices as of May 27, 2025; source Johnson Matthey (https:/ Gold and tellurium contents are also anomalous, with grades up to 1.13 g/t Au and 32.1 g/t Te respectively. The additional assay data indicates greater economic potential than previously thought. The high-grade mineralization intersected in previously reported drill holes and the new high-grade nickel and Platinum Group Elements (PGE) mineralized system associated with komatiitic volcanics bears similarities to Archean Kambalda-type komatiitic nickel deposits as found in the Kambalda district of Western Australia. The high-grade mineralization is associated with a magnetic anomaly which can be followed onto Globex's Tyrone property into an area not previously extensively explored. This is highly prospective as Azimut reports that the zone 'remains open in all directions'. Other parts of the Tyrone property show numerous high-grade copper, gold and silver occurrences in trenches and grab samples of up to 47.2 g/t Au, 71 g/t Ag and 7.4% Cu. 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, 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
CTV News
4 days ago
- General
- CTV News
First Nations, researchers probe James Bay climate impacts
Northern Ontario Watch Mushkegowuk Tribal Council partners with Laurentian University to study climate change impacts on James Bay and Hudson Bay coasts, with Grand Chief Leo Friday highlighting shifts in temperature, wildlife, coastlines, and effects on First Nations communities. Tony Ryma sits down with the Grand Chief to discuss.
CTV News
5 days ago
- General
- CTV News
Northern Ontario police execute drug warrants in Timmins, James Bay Coast
Northern Ontario Watch Three northern Ontario police services executed warrants in Timmins and along the James Bay Coast communities today as part of a drug trafficking operation.
CTV News
5 days ago
- General
- CTV News
Joint police investigation targets drug trafficking in Timmins, James Bay coast
The Nishnawbe Aski Nation Police Service detachment is seen in Fort Severn, Ontario's most northerly community, on Friday, April 27, 2018. (The Canadian Press/Colin Perkel) A multi-force police operation executed warrants in Timmins and communities along the James Bay Coast on Thursday as part of an ongoing drug trafficking investigation. The Nishnawbe Aski Police Service, Timmins Police Service, and Ontario Provincial Police conducted the coordinated enforcement action on May 29. Timmins police Two Timmins police badges are shown in this undated image. (File photo/CTV News Northern Ontario) Authorities confirmed in a news release that there is 'no ongoing threat to public safety' in connection with the investigations. Police said a detailed media release with further information is expected 'in the coming days.' No further details were immediately released.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Carney and Ford show two different paths for ‘unleashing' Canada's economy
The governments of Ontario and Canada are both moving to fast-track development in the Ring of Fire region – but they are going about it in very different ways. According to a May 23 letter from Canada's Privy Council Office obtained by The Globe and Mail, Canada has invited Mushkegowuk Council Grand Chief Leo Friday to Ottawa to 'consult and cooperate' on proposed legislation around projects identified to be in the national interest. It says new legislation is coming in early June that would facilitate regulations and development by creating a new Major Projects Office. And in the letter, Canada promises to uphold the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and the duty to consult: 'Now more than ever, the future of Canada's economy depends on a collaborative and coordinated approach among federal, provincial, territorial and Indigenous governments.' Ottawa gave the Mushkegowuk Council, which represents First Nations communities along the western side of James Bay, seven days to meet or submit their thoughts. That is a compressed timeline, to be sure – but an effort to consult is better than nothing at all. Changes to Bill 5 possible amid warnings of Indigenous protests, Ontario ministers say Ontario Premier Doug Ford has offered nothing to First Nations concerning the passage of the ham-fisted Bill 5, the Protect Ontario by Unleashing Our Economy Act, which has ignored any input from 133 Ontario First Nations and would breach their Constitutional rights under Section 35. That bill, which is being rammed through the committee process, proposes creating 'special economic zones' where mining companies can develop as they like while ignoring certain regulations or the requirement for Indigenous consultations – in other words, effectively creating lawless areas. Bill 5 also guts the province's Endangered Species Act, a move that threatens the livelihoods of wolverines, caribou, migratory birds, bears, and whales, among others. The Toronto Zoo even warned the bill could undo decades of conservation efforts and drive species to extinction. Ottawa's overtures indicate that Prime Minister Mark Carney's government at least knows what UNDRIP says and what consultation means. It goes without saying, meanwhile, that Mr. Ford is ignoring UNDRIP. Ontario, a signatory to Treaty 9, has decided to set the stage for confrontation. 'We have to keep fighting,' Grand Chief Friday told me after he passionately testified in the Ininimowin language on Monday at a Queen's Park committee hearing. 'This will not work for us. It is the same procedure as in 1905. They just come in and say they want signatures.' What our ancestors understood in 1905 – when Treaty 9, which encompasses most of northern Ontario from the Manitoba border to James Bay, was signed – was that all the land and resources would be shared in an honourable way, not stolen. 'Our people were expecting so much wealth to come up for them and for good communities as well. They were told they were going to be given what they required for communities, and that never happened,' he told me. Instead, being boxed in on reserves and kept out of Canadian society happened. Indian Residential Schools happened. Genocide happened. And now, U.S. President Donald Trump and the world are hungry for the resources underneath the territories we have walked on for thousands of years. It feels as though Ottawa and Ontario are playing good cop, bad cop concerning critical mineral extraction. But what Canada and the provinces must understand is that First Nations will not be sidelined from building Canada; after all, this country was created from the treaties our ancestors signed. First Nations leaders warn of confrontation over Ontario's 'special economic zones' in omnibus bill On Monday, Indigenous leadership warned Ontario that Bill 5 must be scrapped, or they risk blocked or stalled projects, court interventions and further escalation of conflict. 'Ontario is trying to legislate us out of the conversation. That won't work,' Anishinabek Nation Grand Chief Linda DeBassige said. 'Withdraw Bill 5. There is no path forward with this legislation in its current form. Repeal it. Start again. Work with us … so that we can create something that will allow us to ensure not only that our economies survive, but that our environment, our lands, our waters, our animals, are here for our great-great-great-grandchildren, those who we will never meet but who we are responsible for." As an Anishinaabe woman, she continued, 'it is not lost on me that it is our women who historically gave direction and sent out our warriors to what is necessary. I know they are listening today.' She added: 'If this bill proceeds in its current form, we will be idle no more.' Once again, Canadian governments are looking to Indigenous Peoples and their lands to save them. But they are coming to First Nations communities who have nothing left to lose – and everything to defend.
