Globex: Initial Bräunsdorf Germany Exploration Identifies
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
51,048,577 shares issued and outstanding
June 7, 2018
Globex: Initial Bräunsdorf Germany Exploration Identifies
Numerous Priority Target Areas
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 announce shareholders with an update of its on-going exploration work at the Bräunsdorf silver project,
located in the state of Saxony, Germany. The Br äunsdorf project area has a long history (+750 years) of intermittent
relatively shallow silver production (28.8 million troy ounces worth approximately US $500 million) but no modern
silver exploration either in the old mine areas nor in the largely overburden covered areas between various mining
camps. Epithermal mineralisation (low - and intermediate sulphi dation) occurs mainly in vein s, but locally is also
disseminated or in stockwork zones. The exploration undertaken to date and described below has located widely
distributed silver values at numerous locations within the 164 square kilometre exploration permit as well as
significant zinc, lead and gold values. The work to date is preliminary in nature but clearly demonstrates the high
potential of the land package.
On August 22, 2017 the Saxony Mining Office granted Globex a license (164 square km) for the exploration of mineral
resources within the Bräunsdorf project area (see Globex’s press release from Sept. 12, 2017)
Initial work focused on the location and collection of hundreds of years of dispersed historical technical and mining
data and compilation of historical exploration activities from tin , lead and nickel exploration campaigns from 1951 to
1977. A database was created, and licence wide and local geological maps were prepared based on different historic
maps, reports and field observation carried out by Globex.
Field reconnaissance and a revi ew and re -logging of remnants of historic drill core were undertaken by Globex in
October 2017, January & April 2018.
Note: Helpful conversions when reading this press release as much of it is technical in nature.
1 ppm = 1 gram/tonne
= 1 g/t
31.1 ppm = 1 troy ounce
= 1 oz t
1 kilogram = 1,000 grams
or 32.15 troy ounces
1 tonne= 1,000 kilograms
During the field investigations a total of 85 field samples had been collected. Field samples include 33 grab samples
from mine waste dumps and 52 grab, float and rock chip samples from surface. From historic drill core a total of 23
samples were taken after all available core remnants was re -logged. In addition, 15 soil samples along a geochemical
test survey line were taken in order to test the ef ficiency of soil geochemistry as a tool in ongoing exploration. Grab
and float samples are selective by nature and are unlikely to be representative of average grade.
A small fraction of historic drill core drilled for tin in one area is still available (less than 10% per hole), consequently
assay results do not reflect the true average grades but do give indications for mineralisation. It is highly likely that
drill core with high -grade silver mineralisation had been discarded completely in the past as d rilling, such as it was,
targeted tin, not silver.
Assay highlights of sampled drill core come from hole Rieg -1 that is located south of the historical Bräunsdorf mine:
The hole intersected multiple vein and stockwork zones, including historically unknown mineralisation zones. The
best assay result was returned from Sample 504 (251.6m -251.9m) with 154 ppm Ag, 7.82% Pb and 2.96% Zn. This
remaining isolated 30 cm long piece of drill core is derived from the hanging -wall part of the 7.1m wide Zweifler vein
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zone. A historically unknown 8.9 m wide stockwork vein zone was intersected between 326.4m -335.3m. Only four
core intervals of this zone are available, and two were analysed. Sample 502 (329m -330m) returned 39.1 ppm Ag ,
Sample 512 (332.2m-332.4m) returned 25.7 ppm Ag.
Ten grab samples had been collected from the old Bräunsdorf mine dump.
Highest values were as follows:
Sample 4: 68.5 ppm Ag; Sample 7: 28.1 ppm Ag, Sample 10: 30.4 ppm Ag;
Sample 11: 115 ppm Ag; Sample 12: 30.9 ppm Ag.
Three grab samples were taken from the Christbescherung mine dump (Großvoigtsberg mine camp) All three
samples returned high silver grades:
Sample 19: 707 ppm Ag & 0.257 ppm Au; Sample 20: 186 ppm Ag & 0.212 ppm Au;
Sample 21: 355 ppm Ag.
Sample 21 consists of near massive sulphide ore and represents either a separate epithermal stage (pyrite-dominated
type) or it is derived from greater depth, where mineralisation is characterised by higher Cu -Pb-Zn contents. In
addition to its high silver grade it returned 1.33% Cu, 8.76% Pb and 5.75% Zn.
Four grab samples were collected from mine dumps of the Munzig mine camp. Collected material was mainly wall-
rock with disseminated- or stockwork mineralisation:
Sample 27: 22.1 ppm Ag.
Sample 55: 17.1 ppm Ag, 0.755% Zn, 0.808% Pb;
Sample 56: 10.6 ppm Ag, 0.41% Zn, 0.49% Pb;
Sample 57 (non-selective grab sample): 117 ppm Ag, 0.629 ppm Au, 0.478% Zn, 1.15% Pb.
From the Reichenbach mine dump two grab samples were collected:
Sample 42: 8.63 ppm Ag; Sample 43: 52.9 ppm Ag, 0.392 ppm Au.
From the Grauer Wolf mine workings four samples were collected:
Sample 37: 4.28 ppm Ag, 0.262 ppm Au; Sample 38: no anomalous Ag or Au;
Sample 39: 28.31 ppm Ag; Sample 40: 28.04 ppm Ag, 0.097 ppm Au.
Two grab samples were taken from the Emanuel mine & one sample from a nearby unnamed mine dump (no historic
data for these mines):
Sample 69: 14.8 ppm Ag; Sample 70: 312 ppm Ag, 1.251 ppm Au; Sample 73: 4.35 ppm Ag, 1.373 ppm Au.
No vein quartz is present in the waste dump of the unnamed mine. Three up to 35 cm large brecciated rock pieces
had been collected (sample 73). Apparently mineralisation , occurring at the contact gabbro to gneiss, is related to
fine grained pyrite (and limonite) filling partly narrow open fractures.
Exploration targets have been generated by compilation and interpretation of historic data and past exploration
campaigns and by recent field reconnaissance (Globex, October 2017, January & April 2018) and corresponding assay
results of field, mine dump and historic core samples. The “Deep Targets” can already be considered as drill targets
for possible down-dip extensions of historically mined high-grade ore shoots.
High priority target zones with potential for near-surface mineralisation in epithermal veins (concealed under shallow
or deeper overburden) are the following:
• A 7 km long SW -NE trending zone, herein called the Fortuna Target , between the Bräunsdorf and
Großvoigtsberg mine camps, no historic mining took place here. Discovery of epithermal quartz vein float and
assay results of collected samples outlined three sub -targets. Highly anomalous values of Ag (up to 14.86
ppm), Au (up to 0.109 ppm), As, Sb and Bi have been found.
• The Reichenbach Target area with float-indicated SW-NE trending epithermal veining over a length of at least
330 m. Three collected quartz vein float samples returned sub -ore grade with 89 g/t Ag , 1.3 g/t Au ; 89 g/t
Ag, 3.0 g/t Au and 81.6 g/t Ag, 0.15 g/t Au. All th ree with highly anomalous values of As and Sb. This
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recently, during field reconnaissance (January 2018) discovered site represents the first target at
Bräunsdorf with significant gold values.
• At the Munzig Target area there are several shallow mine workings not more than 30 m to 60 m deep. Three
mine dump samples returned high Pb -Zn grades (0.48% - 1.15% Pb & 0.4% – 0.75% Zn) and silver (11 g/t, 17
g/t & 22 g/t ). Another sample returned 117 g/t silver and 0.63 g/t Au. Collected material was mainly wall-
rock with disseminated or stockwork mineralisation, not from historically mined vein material. Mineralisation
could therefore be of considerable width. At Munzig exists excellent potential for the definition of shallow
Pb-Zn-Ag-(Au) resources as depth continuations of known vein systems and for the discovery of veins
concealed under overburden where no previous exploration was undertaken . Noteworthy is the discovery of
quartz vein material in hillside scree 1.2 km west of the Munzig mine camp. The strike direction of the
corresponding veins could not been determined. It is however indicated that these veins represent the
western continuation of the Munzig vein system. Sample 66 assayed 53.14 ppm Ag and 0.221 ppm Au.
• At the Emanuel Target occur numerous NNE and NE striking quartz-chalcedony veins. Several veins had been
mined in the past (mine dump assay results see above), others crop out or are indicated by quartz vein float.
At one location was discovered an outcropping vein, attached to a rhyolite dike. A chip channel sample taken
over 50 cm width (entire width not known) returned 11.3 ppm Ag and 2.265 ppm Au. The Emanuel target is
highly prospective for Au and Ag mine ralisation hosted by quartz veins and by (almost) quartz -free
stockwork/disseminated mineralisation at the SW-NE trending contact gabbro/gneiss.
• The Steinberg Target represents a 1.1 km x 0.6 km area with silicified schist/phyllite, epithermal quartz
stockwork and disseminated oxidised sulphides (pyrite, arsenopyrite?). Four collected samples returned
anomalous Ag (0.87 ppm to 12.77 ppm), As and Pb. It has potential for discovery of low -grade open-pitable
silver mineralisation and/or high-grade vein-hosted silver mineralisation.
Moderate priority target zones with potential for near- surface mineralisation in epithermal veins (concealed under
shallow or deeper overburden) are the following:
• The Zellwald Target centred on the Zellwald forest area with numerous, not fully traced epithermal veins,
indicated by abundant vein quartz boulders and by vein quartz intersected in past exploration nickel
exploration drilling. So far anomalous high silver and pathfinder elements in quartz vein float have been
discovered only in the southern area . Highest silver values ranged between 5.5 ppm and 16.2 ppm in
combination with strongly anomalous antimony and locally gold (0.139 ppm).
• The Hartha Target centred 2.5 km SW of the Bräunsdorf mine. No hist oric mining was undertaken here. The
area is dominated by agricultural land with shallow to moderately deep overburden. Near the contact with
mica schist, strongly argillic -limonitic altered pieces of reddish gneiss can be found. One sample returned
anomalous high values of pathfinder elements including Ag (1.22 ppm), As (269 ppm) and Sb (37.2 ppm).
Good potential exists for the discovery of blind epithermal veins as the southern continuation of the
Bräunsdorf vein system.
High priority “Deep Drill Targets ” are recommended to test possible down -dip extensions of historically mined ore
shoots:
• Targets “Bräunsdorf North” and “Bräunsdorf South ”: The Bräunsdorf mines extracted at least 112.5 t of
silver between the years 1673-1862. Ore came from two ore shoots, the northern ore body was about 500 m
long and the southern ore body about 300 m long, both were mined to a vertical depth of up to 250 m-300
m. Vein widths varied between 0.1 m and over 4 m. Silver grades (hand selected or concentrated ore) varied
between 0.9 kg/t and over 4 kg/t . Highest assay results of grab samples collected by Globex from one still
preserved mine dump returned 69 g/t and 115 g/t silver.
• Peter Vein Target: This target is situated in the southern part of the Großvoigtsberg mine camp. The
Christbescherung mine between the years 1714 -1909 produced at least 31.5 t of silver. The southernmost
500 m of the Peter vein is a prime drill target. The Peter vein was reported to be o f lower grade and mined
only to depth of between 150 m and 300 m. Widths approached between 0.5 m and 4 m, locally up to 12 m.
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Between 1889 until 1906 the silver grade of extracted ore is reported to have averaged about 3 kg/t . Two
grab samples collected by Globex from the Christbescherung mine dump returned 186 g/t and 707 g/t silver.
Another grab sample yielded 355 g/t silver, 1.33% Cu, 0.88% Pb and 0.58% Zn.
• Wittig Target : This target is cent red on the principal high -grade ore shoot of the NW -SE trendin g and NE
dipping Ludwig Spat vein of the Halsbrücke mine camp. Total silver production of the Halsbrücke mine camp
amounts to at least 319.6 t silver between the years 1602 -1969. The steeply west plunging ore shoot varies
between 70 m – 200 m long and was mined at least down to a depth of about 600 m. The vein width varied in
this ore shoot between 1.5 m and 5 m.
Shallow to deep targets are recommended for follow -up exploration and/or drilling on veins within smaller historical
mining camps:
• Burkhard Vein Target: The Burkhard vein was historically mined only locally and to shallow depth (<100 m).
The vein represents the northern continuation of the silver -rich Peter vein that was mined in the
Kleinvoigtsberg and Großvoigtsberg mining camps. No historic information on ore grades is available.
However, a historic drill hole (Oba 1/77) intersected this vein at a vertical depth of 188 m over a core length
of 1.3 m. Although this core interval had been discarded in the past, sampling by Globex of remaining core in
the foot and hanging wall revealed a weakly mineralised, several meter wide, alteration/stockwork zone
(with up to 5.5 g/t Ag and up to 0.349 g/t Au ), indicating that this vein could carry economic silver
mineralisation. The over 1 km long Burkhard vein represents an attractive exploration target for the
discovery of resources at shallow depth.
The Bräunsdorf project has provided Globex with a multitude of exploration targets from our initial work of data
research, mapping, prospecting, surface sam pling and sampling remnants of historical core. We are currently
planning the next phase of exploration including among other things, soil sampling and geophysics.
Analytical Method
Samples were prepared for analysis by Bureau Veritas Polska in Krakow, Poland and pulps subsequently shipped for
geochemical analysis to their Vancouver, Canada laboratory. All samples underwent ICP -MS analysis of a 0.5 g sub -
sample after modified aqua regia digestion (1:1:1 HNO3:HCl:H2O) for 53 elements including silver and gold. Over limit
assays of silver (> 100 ppm) and gold (> 1ppm) were re -analysed using standard 30 g fire assay with gravimetric finish
(detection limit 20 ppm for Ag and 0.9 ppm for Au). Over -limit assays of base metals (Pb, Zn, Cu) used ICP -ES analysis
of a 2 g sub-sample after modified aqua regia digestion.
This press release was written by Matthias Jurgeit, Eurogeologist under the supervision of 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 uncerta inties 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 anticipa ted 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
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Defined Exploration Targets of the Bräunsdorf Exploration License