“At Home in North America” 55,653,836 shares issued and outstanding
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,653,836 shares issued and outstanding
January 9, 2023
More Good Intercepts by Maple on Eagle Gold Mine Property
Under Option from Globex Mining Enterprises
Rouyn-Noranda, Québec, 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
shareholders with an update on drilling by Maple Gold Mines Ltd. (MGM -TSXV) on the Eagle Mine property
under option from Globex (See Globex Press release dated July 19, 2021).
Maple has announced final results “from (5) follow -up holes for which partial results were previously
reported (see Maple news release of December 13, 2022 ) targeting northwest extensions of the main mine
horizon and along multiple sub-parallel gold horizons (see Figure 1 and Figure 2).”
Figure 1: Plan view showing all 2022 drill holes (28) at Eagle with lines of section for Figures 2 and 3.
2
Figure 2: NW-looking cross section (85 m total width) highlighting new assay results (gold boxes) and
previously reported/historical intercepts (white boxes) along well-defined sub-parallel horizons.
3
Figure 3: NE-looking long section (55 m total width) highlighting the location of the EM-22-015 intercept
(10.3 g/t Au over 7.8 m) relative to pre-existing grade contouring in the North Mine Horizon. Note the open
area extending down-plunge from hole E-19 (19.6 g/t Au over 7.9m).
“The company’s latest drilling in the northern splay of the main mine horizon (the “North Mine Horizon”)
has returned the best intercept to-date.”
Highlights: (per Maple press release)
• Drill hole EM-22-015 intersected 10.3 g/t gold ("Au") over 7.8 metres ("m"), including 41.1 g/t Au
over 1.0 m in the North Mine Horizon.
• Further up -hole, EM -22-015 intersected 4.3 g/t Au over 3.9 m, including 6.6 g/t Au over 2.0 m ,
demonstrating the potential for the North Mine Horizon to be wider than what was previously
interpreted (see Figure 2).
4
• The EM-22-015 intercepts are located down -plunge from historical high -grade, near -surface drill
results from a geologically similar hole (E-19: 19.6 g/t Au over 7.9 m, as well as 17.5 g/t Au over 5.6
m further up-hole) in an area with limited drilling that remains open further down-plunge (see Figure
3).
• EM-22-015 has now returned seven (7) separate intercepts over a 120 m interval starting from 142.5
m downhole.
• Assays are still pending for roughly 20% of the Company's 2022 drilling at Eagle.
"Drill results continue to support the Company's view that multiple sub -parallel gold horizons exist beyond
what was historically mined at Eagle and have expanded our target areas along a broader mineralized corridor
over a stratigraphic thickness that now exceeds 100 metres in width," stated Matthew Hornor, CEO of Maple
Gold. "There is an apparent concentration of >10 g/t gold starting near surface and extending down -plunge
to the EM-22-015 intercepts along the North Mine Horizon in an area with limited drilling that remains open
further down-plunge. This represents just one of several compelling follow-up targets that we are excited to
pursue in 2023."
Globex is pleased with the progress by Maple to date on the optioned Eagle Mine Property.
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 unkno wn risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be mater ially
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.