Excellent Channel Sample Results from Globex’s
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
52,744,077 shares issued and outstanding
October 16, 2018
Excellent Channel Sample Results from Globex’s
Francoeur/Arntfield Property
Rouyn‐Noranda, Quebec, 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 report to shareholders the results of channel sampling undertaken on
the “450 Gold Zone” of our 100% owned Francoeur/Arntfield Mines property, west of Rouyn‐Noranda,
Quebec.
As reported previously in Globex press releases dated June 12, 2018 and August 20, 2018, Globex had
undertaken mapping and grab sampling of an area 450 m south of our new “South Gold Zone”. The area
now called the “450 Gold Zone” was trenched in the 1930’s. Our initial grab samples, as described in our
June 12 press release, returned gold assays of 14.16 g/t, 11.55 g/t, 7.06 g/t, 6.27 g/t, 5.55 g/t, 4.15 g/t, etc.
and were taken in areas between the channel sample results reported from the #10 stripped area reported
below. While grab samples are unlikely to be representative, these samples fit in well with the channel
sample results.
In the current exploration program on the “450 Gold Zone”, three areas of shallow overburden were
stripped, pressure washed, mapped and then channel sampled. In total, 110 channel samples were cut and
submitted for gold analysis. Upon receipt of the assays, areas of continuous gold values were combined
giving the following continuous horizontal widths and grades.
# 10 Stripped Area
Samples Numbers Gold Grade and Horizontal Width Comments
Samples 29 801 to 29 810 7.04 g/t Au over 9.50 m (31.2 ft) Open to North
Samples 29 817 to 29 822 6.68 g/t Au over 5.40 m (17.7 ft) Open to South
Samples 29 827 to 29 831 2.08 g/t Au over 4.90 m (16.1 ft) ‐‐‐
Samples 29 833 to 29 836 4.34 g/t Au over 5.05 m (16.6 ft) Open to North
The four sets of channel samples cover an east west strike length of approximately 26 m (85 ft). The
mineralization is open in all directions.
# 12 Stripped Area
(Approximately 200 m east of stripped area #10 on a separate mineralized structure)
Samples Numbers Gold Grade and Horizontal Width Comments
Samples 29 872 to 29 876 4.47 g/t Au over 3.50 m (11.5 ft) Open to North
Samples 29 884 to 29 886 3.77 g/t Au over 1.85 m (6.1 ft) ‐‐
2
In comments above, the observations “Open to North or “Open to South” indicate that the width of the
mineralized zone may continue in the direction indicated but overburden cover prevented additional
sampling.
Globex is very pleased with the results of this channel sampling and will incorporate this information in
planning our next phase of exploration which will likely include addition lines of an induced polarization
survey followed by drilling.
In other news related to the Francoeur/Arntfield Mines property, Globex has purchased a residual 2% NSR
that applied to the Arntfield Mines portion of the property as well as a large number of claims to the north.
This is in addition to the previously announced purchase of the 1.5% NSR applicable on the Francoeur Mine
Property.
Gold Assay Method: Laboratoire Expert, 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 3 g/t gold are subjected to a re‐assay whereby the gold content is determined using
a gravimetric fire assay method.
Other news
Despite the recent decline in the zinc price, which has now recovered somewhat, the September monthly
royalty payment from Nyrstar’s operations at our Mid Tennessee royalty property was CDN $ 131,000.
2018 royalty payments to date total CDN $1,833,884.
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