Emperor Resumes Drilling on Globex’s Optioned Claims
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,204,836 shares issued and outstanding
May 21, 2024
Emperor Resumes Drilling on Globex’s Optioned Claims
Rouyn-Noranda, Qu ebec, Canada. 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 inform
shareholders that Emperor Metals Inc. (AUOZ -CSE, EMAUF -OTCQB, 9NH -FSE) has mobilized a drill rig to
commence its 2024 exploration program on the Duquesne West Gold Property under option from Globex.
The drill program will total 8,000 metres.
The Duquesne West Gold property straddles the gold localizing Po rcupine-Destor Break in Duparquet
Township, Quebec and is located approximately 10 km east of the town of Duparquet. A historical resource
of 727,000 ounces of gold (cut) at a grade of 5.42 g/t Au was calculated by Watts, Griffis and McOuat
Consulting Geologists and Engineers, October 20, 2011 (click to access) in a report titled “Technical Report
and Mineral Resource Estimate Update for the Duquesne-Ottoman property, Quebec, Canada for XMet Inc.”
Emperor has taken a binary approach to exploration on the property seeking to outl ine an open -pittable,
lower grade, large tonnage gold deposit in addition to the more conventional high-grade underground mine
as was previously sought on the property . Current efforts by Emperor toward outlining these types of gold
deposits consists among other things of new drilling and relogging , resampling, and assaying previous drill
holes which Globex has maintained in Globex’s core library. As a matter of course, Globex stores most drill
core from drill holes undertaken on our properties for just such occasions.
For access to Emperors press release, click here.
For access to Globex’s October 12, 2022 press release announcing the option to Emperor Metals, click here.
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 SEDAR at www.sedar.com.