2019 Exploration Program Gets an Early Start
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
52,078,077 shares issued and outstanding
January 16, 2019
Globex’s Francoeur/Arntfield Gold Mines
2019 Exploration Program Gets an Early Start
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 inform shareholders that line cutting has been completed on the new 450 Gold Zone which is located on
Globex’s Francoeur/Arntfield Mines property, west of Rouyn-Noranda, Quebec in Beauchastel Township (32D03). A
contract has been issued to cover the 15 km grid with a detailed induced polarization survey and a recently
completed magnetometer survey has been extended. The surveys will , in part, cover a portion of the new claims
recently acquired south of and adjoining the 450 Gold Zone. The acquisition thereof as announced in a press release
on December 18, 2018.
Shareholders will recall that on October 16, 2018, Globex announced in a press release the results of stripping and
channel sampling on the 450 Gold Zone which returned among others the following results:
7.04 g/t Au over 9.50 m (31.2 feet) Channel potential open to North
6.68 g/t Au over 5.40 m (17.7 feet) Channel potential open to South
2.08 g/t Au over 4.90 m (16.1 feet)
4.34 g/t Au over 5.05 m (16.6 feet) Channel potential open to North
A separate area approximately 200 metres to the east retained the following:
4.47 g/t Au over 3.50 m (11.5 feet) Channel potential open to North
3.77 g/t Au over 1.85 m (6.1 feet)
Depending upon the IP and Mag survey results, Globex intends to drill currently defined target areas this winter and
potentially new targets defined by the geophysical survey s, in combination with Globex’s technical data acquired
from previous Globex mapping, stripping and channel sampling.
Other news
In other news, a ground magnetometer survey has been started on our large Bräunsdorf, Saxony Germany property .
An additional drone magnetometer survey will commence shortly dependent on weather conditions and an induced
polarization survey is planned for mid-February again, dependent upon weather conditions.
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