High Grade Copper Intersected in “Deep Zone” at Globex’s NewMetal Royalty Property
High Grade Copper Intersected in “Deep Zone” at Globex’s NewMetal Royalty
Property
ROUYN-NORANDA, Quebec, May 26, 2022 -- 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 a brief update
on the latest drill result announced by Starr Peak Mining Ltd. (TSXV:STE, OTCQX:STRPF) today on Globex’s NewMétal
property, Normetmar Zone, at Normetal, Quebec.
On May 19, 2022 Starr Peak announced assays from hole STE-22-092-W2 which intersected 5.03% zinc equivalent over
12.5 metres. In addition, they indicated that a wedge hole, STE-21-92-W3, above this hole intersected mineralization including
an estimate of 15% chalcopyrite over 3.7 metres.
Today Starr Peak announced the assays from wedge hole STE-21-92-W3 as follows:
Zone Hole No. From (m) To (m) Length (m) Zn (%) Cu (%) Ag (g/t) Au (g/t) Zn_Eq (%)
Deep STE-22-92-
W3
1040.85 1046.75 5.90 0.10 2.31 24.94 0.86 9.49
Including 1041.60 1044.65 3.05 0.10 4.17 45.20 1.61 17.17
Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.
Drilling continues on the property with two drills. Starr Peak also indicated that drilling by a third rig on Globex’s Rousseau and
Turgeon Lake gold royalty properties has been completed and results are pending as are additional assay results from the
winter drill program on the northern portion of the NewMétal property.
Globex retains a 2.5% Gross Metal Royalty on the Normetmar Zone and retains over one million Starr Peak shares.
(Note: Production royalties are only payable upon production.)
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.