Globex Drills 5.23% Cu and 13.12% Zn Over 4.5 Metres at Tonnancour
August 08 2011 - 9:53AM
Marketwired
GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX:
GLBXF) is pleased to provide assay data from a series of drill
holes completed on our 100% owned Tonnancour property located
approximately 15 km south of Lebel-sur-Quevillon, Quebec. A series
of 22 holes have been completed to date, 16 holes were drilled to
test the Tom Lake showing and six holes tested various other
targets. Twenty holes have been logged to date, two remain to be
logged and five additional targets remain to be tested.
The first hole of the drill program testing the
northeast-southwest trending Tom Lake showing area returned 5.23%
Cu, 13.12% Zn, 41.0 g/t Ag and 0.718 g/t Au in a typical, Abitibi
style, zoned 4.5 metre wide massive sulphide intersection (true
width 90-95% intersection width).
A series of subsequent holes were drilled in order to test the
sulphide zone laterally to the NE and SW with the following
results.
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From To Length Cu Zn Ag Au
Hole # (m) (m) (m) % % (g/t) (g/t)
----------------------------------------------------------------------------
GT11-01 22.30 26.85 4.55 5.23 13.12 41.00 0.718
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including 0.55 4.60 13.06 34.50 0.56
--------------------------------------------------
and 1.45 9.45 8.55 68.90 1.15
----------------------------------------------------------------------------
GT11-02-38 m NE of hole #1 29.50 32.10 2.60 3.07 1.17 20.80 0.26
--------------------------------------------------
including 0.25 15.90 4.29 22.93 0.15
----------------------------------------------------------------------------
GT11-03-62m NE of hole #1 31.50 33.00 1.50 2.20
----------------------------------------------------------------------------
GT11-04-100m NE of hole #1 34.50 41.20 6.70 1.90 1.10 13.50 0.32
--------------------------------------------------
including 0.70 6.90 6.24 35.00 0.34
----------------------------------------------------------------------------
GT11-05-145m NE of hole #1 50.70 62.50 11.80 0.20 0.38
--------------------------------------------------
including 1.50 0.45 0.59
----------------------------------------------------------------------------
GT11-06-300m NE of hole #1 Up to 4,550 ppm Zn
----------------------------------------------------------------------------
GT11-07-430m NE of hole #1 Up to 1,100 Cu and 7,200 ppm Zn
----------------------------------------------------------------------------
GT11-13-75m SW of hole #1 No mineralization
----------------------------------------------------------------------------
GT11-14-45m SW of hole #1 No significant values
----------------------------------------------------------------------------
A second tier of holes was drilled beneath holes GT11-01 to
GT11-05, several of which intersected sulphide mineralization.
Assays are pending.
The drill has been moved from the Tom Lake showing area and is
presently drilling a series of isolated electromagnetic anomalies
identified in an airborne survey undertaken for Globex.
We are pleased with the drill results to date, especially the
massive sulphide intersection encountered in drill hole number
GT11-01 which intersected mineralization unlike any previously
reported in the area and indicated that the geological environment
may be appropriate for the emplacement of typical Abitibi style
massive sulphide copper-zinc mineralization. We hope the core
logging and assays from the second tier of holes will allow us to
define a plunge for the zone enabling us to plan additional
drilling.
Laboratory and Assay Methods
Globex's NQ drill core sampling including the quality
assurance/quality control program is performed internally by Globex
personnel under the immediate supervision of Globex's project
geologist. Cut half core samples prepared at Globex's core sampling
facility in Rouyn-Noranda, are tagged and sealed in plastic bags
and are delivered directly by Globex personnel to Expert
Laboratories Inc, located at 127 Boulevard Industriel,
Rouyn-Noranda. The laboratory conducts all aspects of the sample
preparation including drying and crushing to a minus 100 mesh
screen size and the processing of a 300 gram sub sample for
pulverization to a nominal minus 200 mesh size with the remaining
crushed reject material being retained for storage. For gold
assaying, a 29.16 gram sub-sample of the pulp (1 assay-ton) is
taken, fused following the standard procedures used in a fire assay
method. The gold content of all samples is determined using atomic
Absorption Spectroscopy. Samples containing greater than 1gpt gold
are subjected to a re-assay whereby the gold content is determined
using a gravimetric fire assay method. For base metal assaying
(copper, zinc including silver) a 0.5g sample is initially treated
by aqua regia digestion with nitric and hydrochloric acid and
subsequently analyzed by a spectrometer of atomic absorption
finish. The limit of detection is 0.01% for all metals except for
silver which is 3 ppm.
Analytical accuracy and precision are monitored by the routine
insertion of blanks, duplicates and reference accredited low/high
grade standards at 20 sample intervals in Globex's sample
stream.This is in addition to the routine blanks, duplicates (gold,
silver, copper and zinc) and accredited standards insertion by
Expert Laboratories during the course of the assaying process.
22,035,675 shares issued and outstanding
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 10 3
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 SEDAR at www.sedar.com
Contacts: Jack Stoch, P.Geo., Acc.Dir. President & CEO
Globex Mining Enterprises Inc. 819.797.5242 819.797.1470 (FAX)
info@globexmining.com www.globexmining.com
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