Nyrstar Increases Resource at Globex’s
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
51,053,577 shares issued and outstanding
April 25, 2018
Nyrstar Increases Resource at Globex’s
Middle Tennessee Mines Royalty Property
Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt,
Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is pleased to provide
shareholders with a short update regarding our Middle Tennessee Mines Royalty.
The Middle Tennessee Mines (MTM) is comprised of three operating mines: Gordonsville, Elmwood and Cumberland and one
project Stonewall, all operated by Nyrstar NV. Zinc mineralization occurs as what is known as Mississippi Valley type deposits. At
the current zinc price, Globex retains a 1.4% Gross Metal Royalty. Globex has received royalty payments totaling CDN$ 1,008,171
in 2017 and CDN$ 564,222 to date in 2018.
On March 22, 2018, Nyrstar issued a press release providing an update on operations, which commenced in May of 2017, and a
new resource calculation. The press release stated the following:
“The operation achieved approximately 0.76 million tonnes mill through put at an average grade of 3.12% Zn to the end of 2017.
Total Ore Reserves increased by 1.08 million tonnes and this increase is largely attributable to higher zinc prices and lower
treatment charges, together with conversion of Measured and Indicated Resources to Ore Reserves. In terms of Resources, a
total of 730 thousand tonnes of Measured and Indicated Resources was added, and this was due to discovery of extensions to
mineralization and remodeling parts of the orebody”.
The following reserve and resource figures were also published:
Name of
Operation Ownership Mining
method Commodity Proven Ore Reserves Probable Ore Reserves Total Ore Reserves
2017 2016 2017 2016 2017 2016
MTM 100% Underground (Mt) 0.28 0.06 3.18 2.32 3.46 2.38
Zn (%) 3.30 4.40 3.30 3.50 3.30 3.50
Name of
Operation Ownership Mining
method Commodity
Measured Mineral
Resources
Indicated Mineral
Resources
Measured and
Indicated Mineral
Resources
Inferred Mineral
Resources
2017 2016 2017 2016 2017 2016 2017 2016
MTM 100% Underground (Mt) 0.28 0.14 3.86 3.27 4.14 3.41 16.35 16.32
Zn (%) 3.70 4.00 3.50 3.50 3.50 3.50 3.50 3.40
“This statement is reported in accordance with the JORC Code of disclosure and based on information from a Mineral Resource
and Ore Reserve statement reviewed by Independent Competent Persons J. Morton Shannon, P.Geo. (APGO and APEGBC), for
the Mineral Resources, and Gary Methven, P.Eng. (APEGBC), for the Ore Reserves, both of AMC Mining consultants (Canada)
Limited.”
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under
NI 43-101, with reference to Nyrstar NV’s press release dated March 22, 2018.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, 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 actua l 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 trans pire 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