Globex Mining Enterprises Inc. “At Home in North America” 51,048,577 shares issued and outstanding
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
51,048,577 shares issued and outstanding
June 12, 2018
Additional Priority Gold Target on Globex
Francoeur/Arntfield Mines 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 information regarding recent work undertaken on our wholly owned
Francoeur/Arntfield Gold Mines property locate 25 km west of Rouyn‐Noranda, Quebec.
Late last fall, Globex personnel visited an area of the property approximately 450 m (± 1,500 ft) south of the gold localizing
Wasamac/Francoeur fault that is associated with numerous gold deposits including the various Francoeur Mine and
Arntfield Mine gold ore zones on our property. Historical maps showed a number of trenches, probably from the 1930’s
and a limited number of drill holes. Several significant gold values were reported both from a few of the trenches and drill
holes. During our staff’s initial visit, numerous old, collapsed and earth filled trenches were located and two grab samples
from the limited remaining rock exposure returned gold assays of 3.15 g/t Au and 5.69 g/t Au.
Last month, a team returned to the area and undertook a program of prospecting and localizing the historical trenches and
drill holes. A total of 25 grab samples were collected principally from rock exposures within the historical trenches or
nearby. Ten of the grab samples assayed over 1 gram per ton as listed below:
Samples Gold g/t Samples Gold g/t
E29119 4.49 E29127 2.33
E29120 3.50 E29128 7.06
E29121 4.15 E29129 11.55
E29124 5.55 E29130 6.27
E29125 14.16 E29142 1.47
For gold assaying, Expert Laboratory located at 750‐A Saguenay, Rouyn‐Noranda, Quebec uses a 29.16 gram sub‐sample of
the pulp (1 assay‐ton) and fuses it, following standard procedures used in a fire assay method. The gold content of all
samples is determined using atomic Absorption Spectroscopy. Samples containing greater than 1gpt gold are subjected to a
re‐assay whereby the gold content is determined using a gravimetric fire assay method.
Grab samples are selective by nature and are unlikely to be representative of average grade.
Globex now views this largely underexplored area as a priority exploration target and will submit an application to the
government to undertake a program of stripping with follow‐up mapping and channel sampling.
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 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