IRW-Press: Globex Acquires Property Covering Potential Extension Of Monster Property Gold Structure



Published on 09 December 2013

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by Press Office

(IRW-PRESS and WireNews+Co)

Vienna, Austria


Globex Mining Enterprises Inc. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF – OTCQX International) wishes to inform shareholders that it has acquired a continuous block of 26 cells covering a linear north south length of over 9.2 kilometers beginning at the northeastern boundary of the TomaGold Corporation property where Iamgold Corporation recently announced a buy in and work option to earn 50% interest in TomaGold’s property for a combined investment of $17.75 million (see TomaGold and Iamgold press release dated November 12, 2013).

The TomaGold, Monster Property, encloses a roughly northeast trending quartz vein system which has been outlined by more than two hundred drill holes over a strike length of at least 4.5 kilometers.

Gold within the quartz vein system has produced, in some cases, bonanza gold grades such as recent drill hole M-12-60 which returned 237.6 g/t Au over a 5.7m core length (Source: TomaGold Website).

Globex acquired an initial claim block tying directly onto the northeastern boundary of the TomaGold claim group in the fall of 2012. Last winter, Globex undertook magnetometer and induced polarization surveys and over the summer, geological mapping along what is thought to be the strike extension of the TomaGold mineralized structure. The surveys indicated several well-located anomalies which Globex intends to drill this winter. Globex also expects to complete geophysical surveys over many of the newly, added claims this winter and will undertake mapping and prospecting next summer.

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

For further information, contact:

Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn‐Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
www.globexmining.com

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

  •  
  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
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Posted 2013-12-09 19:10:00