Globex to Drill New Gold Zones at Francoeur/Arntfield Property
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
51,814,077 shares issued and outstanding
February 12, 2019
Globex to Drill New Gold Zones at
Francoeur/Arntfield 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 update shareholders on our recent work undertaken on the new 450
Gold Zone on our Francoeur/Arntfield Gold Mines property located approximately 18 km west of Rouyn -
Noranda, Quebec in Beauchastel Township (32D03).
On October 16, 2018, Globex announced the results of c hannel sampling undertaken on a new
underexplored area of the property, the 450 Gold Zone.
# 10 Stripped Area
Samples Gold Grade and Horizontal Width Comments
29 801 to 29 810 7.04 g/t Au over 9.50 m (31.2 ft) Open to North
29 817 to 29 822 6.68 g/t Au over 5.40 m (17.7 ft) Open to South
29 827 to 29 831 2.08 g/t Au over 4.90 m (16.1 ft) ---
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 Gold Grade and Horizontal Width Comments
29 872 to 29 876 4.47 g/t Au over 3.50 m (11.5 ft) Open to North
29 884 to 29 886 3.77 g/t Au over 1.85 m (6.1 ft) --
Following the receipt of these channel sample assays, Globex decided to undertake a 13.4 km IP Survey
over a strike length of 1.2 km centered upon the newly unearthed 450 Gold Zone mineralization.
Of particular note from the survey results are several merging anomalies that coincide with the 450 Gold
Zone. Several other anomalies were also delineated including one lengthy one at the northern limit of the
grid which coincides with the South Shear Gold Zone (see press release dated December 6, 2017).
2
Globex has decided to undertake a drill program on the 450 Gold Zone and the corresponding IP anomal ies.
In addition, several holes will be drilled beneath the M ain and South Shear Gold Zones in which previous
shallow drilling and stripping outlined gold over the 350 metre strike length tested. The drilling permit has
been received and a number of companies have been asked to bid on the work.
Other news:
Renforth Resources Inc. is currently drilling on Globex’s Parbec Gold property west of the large Canadian
Malartic open pit gold mine. Globex has received, as a final option payment, $200,000 and a certificate for
250,000 Renforth shares. This is in addition to a 2,500,000 s hare payment and a 1% NSR in the New Alger
Gold Mine Property, received as part of an extension afforded Renforth to complete option exploration
expenditures at Parbec. Renforth’s drilling at Parbec continues to intersect significant gold values close to
surface. Their latest press release s (January 29 and February 7, 2019) reported up to 11.56 g/t Au over 1.1
m and 24.62 g/t Au over 0.9 m respectively.
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 a ctivity 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