Globex Sells 91 Claims South of the Troilus Gold Mine and Other Updates
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
54,631,852 shares issued and outstanding
July 21, 2020
Globex Sells 91 Claims South of the Troilus Gold Mine
and Other Updates
Rouyn-Noranda, Qu ebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock
Exchanges and GLBXF – OTCQX International in the US ) is pleased to inform shareholders that is has
sold 91 claims totaling 4,960 hectares comprising of the Rosario, Lac Testard Ouest, Pyrox, Lac De Maurès
Est, Claudette Zone, Boulder Lake, Boulder Gold, and Lac Chix properties located approximately 80 km north
of Chibougamau, Quebec to Troilus Gold Corp. . The claims cover a number of copper and gold showings,
geophysical anomalies and structures and horizons worthy of more detailed work.
In exchange for 100% interest in the claims, Troilus Gold Corp. (TLG -TSX) has paid Globex 350,000 Troilus
common shares and granted Globex a 2% Gross Metal Royalty, 1% of which may be purchased at any time
for $1,000,0000.
Troilus Gold has been consolidating a large land package south and southeast of the Troilus Mine. Globex’s
claims fill gaps within their large land package.
Shareholders should note that the addition of these 8 royalties to Globex’s royalty portfolio brings the royalty
total up to 62 ranging from the producing Mid-Tennessee zinc mines, advanced Fayolle (Au), Rocmec1 (Au),
Bell Mountain (Au, Ag) and Authier (Li) royalties and numerous others in various stages of exploration. 54 of
Globex’s 190 projects have historical or Ni 43 -101 resources and 40 have had historical mining undertaken
on them. Our assets are f ocused in eastern Canada, with 3 assets in the US and one in Saxony Germany
currently being drilled by Excellon Resources.
In other news:
The price of zinc has rebounded above the $0.90/lb US D cut-off and is currently $1.00/lb USD. This means
that the royalty payments to Globex from Mid-Tennessee Mines will restart.
Globex has also sold for cash three minor claim holdings to three other companies, “Casa South”, “Windfall
East”, and “Belleterre Area claim fractions” for $40,500. Globex kept a 2% NSR on the Windfall East claims.
O3 Mining (OIII-TSXV) have been drilling on and in the area of Nordeau East and West gold zones optioned
from Globex. On July 7, 2020, O3 reported a drill hole on the Nordeau East property grading 46.4 g/t Au over
1.3m. The drill intersection is located approximately 250 m north of the Nordeau East gold zone and is open
in all directions and to depth.
2
Excellon Resources Inc. (EXN-TSX, EXLLF-OTC, E4X1-FRA) has started an initial 15-hole drill program on the
Silver City project in Saxony, Germany optioned from Globex. Twelve (12) additional drill holes have been
permitted for immediate follow -up should current drilling intersect anticipated veining and silver
mineralization (see Excellon press release dated July 9 th, 2020 and Globex option press release dated
September 24, 2019).
Globex has received a payment of $80,000 from Eros Resource Corp. representing advance royalties due to
date in regards to the Bell Mountain gold silver mine pro ject in Nevada. Restriction that had been placed
upon the property have been lifted and work has been allowed to proceed.
Nippon Dragon Resources Inc. (NIP -TSXV) reported on July 9 th, 2020 that drift development on the 50 Level
of the Rocmec 1 (Russian Kid) gold deposit is advancing rapidly. The drift will access a 100-metre-long by 30-
metre-high block of mineralized rock that will be extracted by thermal fragmentation. Globex holds a 3%
GMR on the property at the current gold price.
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