Globex Reports More High-Grade Gold Assays from Ironwood
Globex Reports More High-Grade Gold Assays from Ironwood
ROUYN-NORANDA, Quebec, Jan. 07, 2025 -- 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 report additional
assay results from drill holes at Globex’s Ironwood Gold Zone on the 100% owned Wood Gold Mine/Central Cadillac Mines
property, 2.6 km east of the Town of Cadillac, Quebec in Abitibi.
Globex has completed 19 drill holes on the gold zone intersecting the gold zone from sub outcrop to a depth of approximately
225 metres vertical. The program was designed to delimit the boundaries of the deposit and to confirm the high-grade nature of
the zone. Globex previously reported drill intersections in press releases dated December 4 th, 2024 , December 11, 2024 ,
December 18, 2024 and December 23, 2024.
Globex is pleased to provide shareholders with assay results from five additional drill holes :
Holes NIW-24-09, NIW-24-10 and NIW-24-11, intersected 3 gold zones, 3 gold zones and 4 gold zones respectively while,
holes SIW-24-06 and SIW-24-07 each, intersected a zone of wide high-grade gold zone.
Intersections are as follows:
Hole Number From (m) To (m) Au (g/t) True
Width (m)
True
Width (ft)
Vertical
Depth (m)
Position
in Deposit
NIW-24-09 83.8 85 29.30 0.74 2.42 63 Centre
NIW-24-09 94.0 99.5 10.49 3.4 11.15 72 “
Including 97.0 99.5 16.75 1.54 5.05 73.2 “
NIW-24-09 131.7 133.4 8.39 1.06 3.47 98 “
NIW-24-10 78.3 82.6 7.79 2.57 8.43 62 East
NIW-24-10 107.5 110.4 3.34 1.75 5.74 83.5 “
NIW-24-10 118.3 119.8 10.66 0.91 2.98 91 “
NIW-24-11 122.4 123.7 6.68 0.42 1.37 113 East
NIW-24-11
Including
172.4 184.3 7.00 4.94 16.20 164 “
172.4 174.8 8.33 0.99 3.25 159.3 “
And including 181.6 184.3 20.12 1.13 3.70 167.7 “
NIW-24-11 253.6 255.9 6.61 1.01 3.31 233 “
SIW-24-06 295.4 303.3 21.70 5.85 19.19 214.6 Centre
SIW-24-07 290.0 298.2 8.43 5.49 18.01 227 West
Globex is very pleased with the gold intersections from the drill program which have added to our understanding of the deposits
shape and gold distribution within the area tested. We will now recompile the intersections and put them into a three-
dimensional model to help us decide what the next steps shall be in regard to this deposit.
Other news:
Manganese X Energy Corp. has announced that Eric Sprott has agreed to subscribe for $2 million worth of shares
subject to TSXV and disinterested shareholders approvals. Funds will be used primarily to advance the Battery Hill
manganese project including the pre-feasibility study currently underway. Globex holds 11,000,000 shares of
Electric Royalties which in turn holds a 2% Gross Metal Royalty on the project and an additional a 1% Gross Metal
Royalty which Globex holds directly. Globex also receives a $20,000 annual advance royalty payment.
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 with technical input from Pierre Riopel, P.Geo.
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 SEDARplus.ca