ROUYN-NORANDA, Quebec, Dec. 03, 2024 (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 provide an update regards drilling by Cartier Resources Inc. (ECR-TSXV, 6CA-FSE) on Globex's Nordeau West claims directly east of the Chimo Gold Mine. New assays have been reported from the VG10 and VG10 South structures on the Nordeau West Royalty claims on which Globex retains a 3% Gross Metal Royalty.
Drill results include the following:
| Holes | Drill Intersections |
| VG10 Zone | 173.6 g/t Au over 0.5 m |
| 12.8 g/t Au over 0.5 m | |
| 9.7 g/t Au over 0.5 m | |
| VG10 South | 20.7 g/t Au over 1.0 m |
| 5.7 g/t Au over 1.0 m |
For detailed information on the drill program, please click here to access Cartier's December 3, 2024 and August 27, 2024 press releases.
Globex retains a 3% Gross Metal Royalty on the Nordeau East, Nordeau West and east Bateman claims.
East Cadillac Property - Cartier Resources
Longitudinal Section VG9 and VG10 Gold Zones - Cartier Resources
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, 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 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 SEDARplus.ca.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/23f9f1ad-74e3-485b-bc69-2ddaf7c0193b
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dd2eff1-2c58-46f1-9eae-057b97a61d25
