Globex Mining Enterprises Inc. (GMX) is excited to provide an update to its shareholders regarding exploration drilling conducted by Cartier Resources Inc. (ECR-TSXV, 6CA-FSE) on Globex’s Nordeau Royalty claims located in Vauquelin Township, 45 km southeast of Val d’Or, Quebec.
Globex holds a 3% Gross Metal Royalty on the Nordeau claims, including the area where Cartier has recently identified a new gold zone named the East Nordeau Zone on its Cadillac Property. Last year, Cartier initiated an ambitious drilling program consisting of 600 drill holes and 100,000 metres of drilling on the Cadillac property.
Recent announcements from Cartier reveal additional drill intersections at the East Nordeau gold zone (ENZ), which has shown significant high-grade gold mineralization near the surface. The ENZ comprises two parallel high-grade gold zones, EN1 and EN2, separated by approximately 25 metres. Confirmed mineralization extends over a 400-metre strike length and remains open at depth. Cartier suggests that the new mineralization environment characterized by iron formations may present substantial opportunities for further gold discoveries, potentially expanding the target area in the Nordeau Sector. The ENZ is situated 800 metres south of the Contact Sector and the high-grade North Contact Zone.
The highlighted results from Cartier Resources Inc.'s press release include:
Note: Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 70-95% of the reported core length intervals.
Exhibit 1: Globex Royalty Claims Showing Mineralized Gold Zones.
Exhibit 2: Plan View, Cross and Long Sections of the Nordeau Sector
For detailed information on the drill results, please access Cartier’s latest press release here.
The successful exploration activities by Cartier on Globex’s royalty claims have generated excitement. Globex eagerly anticipates more drill results from the North Contact Zone and the East Nordeau Zone as the drilling program progresses.
This press release was authored by David Christie, P.Geo., President and COO, serving as a Qualified Person (Q.P.) under NI 43-101.
Forward-Looking Statements: This news release may contain certain “forward-looking statements” that involve known and unknown risks and uncertainties which might lead to actual results differing materially from Globex’s expectations. A detailed discussion of these risks is available in Globex's “Annual Information Form” filed on SEDARplus.ca.
Figures accompanying this announcement are available at:
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