Maple Provides Drilling Update on Optioned Globex’s Eagle
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,412,917 shares issued and outstanding
April 21, 2022
Maple Provides Drilling Update on Optioned Globex’s Eagle
Mine Gold Property
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 provide
the following update by Maple Gold released today on exploration drilling undertaken on the Eagle Gold Mine
property under option from Globex and announced on July 19, 2021 (click to access Globex option press
release). Phase one of eight drill holes has been completed and a phase 2 drilling program is being
permitted. Assays are pending. Below is a direct extract from Maple’s press release.
“The Company completed 3D modelling, targeting and permitting and subsequently commenced a 4,200 m
Phase I drill campaign (see news from January 17, 2022). The Phase I campaign (now complete) included
eight (8) drillholes designed to test a possible secondary shoot of mineralization adjacent to the main shoot
that was historically mined at Eagle starting in the 1970's during a significantly lower gold price environment.
An additional deeper hole (up to 960 m) is now being drilled and three additional deep er sites (up to 1,350
m) are currently being permitted (see Figure 1)
Initial drill core observations are encouraging, with multiple drillholes intersecting semi -massive-pyrite
iron-carbonate (see Plate 1) as well as other styles of mineralization known t o carry gold. The Company is
sending Eagle samples to a new lab to expedite turnaround times.
Initial assay results from the Phase I program at Eagle are expected to be released in Q2/2022 and the
Company is in the process of permitting sites corresponding to an additional ~4,000 m Phase II program that
will include deeper drillholes (up to 1,400 m) to test the main mine trend at depth below the historical
mine workings (see Figure 1).”
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Figure 1:
Oblique view of modeled mine trend at Eagle showing pierce points corresponding to
completed drill holes from the Phase I program as well as target pierce points for Phase II.
Plate 1:
Semi-massive pyrite with iron-carbonate veinlets at 346.5 m downhole in drill hole EM-22-005
(#5 pierce po int shown on Figure 1); mineralization extends from 346 to 363.5 m downhole.
Assays are pending; NQ core (47.6mm diameter)
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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.
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 activit y 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.