Exciting New Drilling Results Unveiled
ROUYN-NORANDA, Quebec — Globex Mining Enterprises Inc. (TSX: GMX, Other OTC: GLBXF) is thrilled to share positive news regarding recent drilling results from Antimony Resources Corp. at the Bald Hill Property. This prospect showcases significant new findings in high-grade antimony intersections, which holds great potential for the company's future growth.
Promising Drill Results
In the latest drilling campaign, one of the standout discoveries was Hole BH-25-05, which revealed an impressive 1.1% antimony (Sb) over 14.5 metres between depths of 108.8 m to 123.3 m. Furthermore, Hole BH-25-08 showcased remarkable results, returning 14.91% antimony (Sb) over 3.0 metres, including a section of massive stibnite with an astounding 28.76% Sb over 1.7 metres. Likewise, Hole BH-25-09 provided strong indicators of mineral richness with 9.85% antimony (Sb) over 4.3 metres.
Drilling Campaign Overview
This year’s drilling program has seen 3,150 metres completed, with assays anticipated in the upcoming weeks. The drill hole intersections are estimated to represent approximately 75% to 80% of true width, reflecting the strong potential of the identified mineralization. Based on a prior announcement, a total of 16 drill holes have already outlined mineralization extending over 400 metres, with opportunities for further exploration both along the strike and down dip.
Previous Findings Stacking Up
Previous drill results, including those from BH-25-03 and BH-25-04, showcased from 78.2 m to 81.0 m, indicating 2.76% Sb over 2.8 m, and from 106.6 m to 114.0 m, revealing 4.17% Sb over 7.40 m. Notably, holes BH-25-01 and BH-25-02 were redirected to ensure accurate targeting, giving rise to the remarkably fruitful BH-25-08 and BH-25-09, which have generated much anticipation among stakeholders awaiting assay results.
Positive Outlook for Shareholders
Globex Mining’s management expresses considerable enthusiasm regarding these drill results. As the potential for increased mineral production increases, shareholders can expect the company to be at the forefront of the antimony sector. The anticipated assays are expected to further bolster confidence not only within the company but also among its investors.
Contact Information for Investor Inquiries
If you're interested in finding out more about the activities at Globex Mining or have any inquiries, please feel free to reach out to:
Jack Stoch, P.Geo.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec, Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
Email: info@globexmining.com
Website: www.globexmining.com
Frequently Asked Questions
What recent drilling results were reported by Globex Mining?
Globex Mining reported high-grade antimony intersections from their drilling activities at the Bald Hill Property, with notable results including 1.1% Sb over 14.5 m and 14.91% Sb over 3.0 m.
How many metres have been drilled in the current campaign?
A total of 3,150 metres have been drilled in the current campaign, with assays expected in the coming weeks.
What depths did the significant antimony percentages come from?
The significant antimony percentages were recorded at various depths: BH-25-05 was from 108.8 m to 123.3 m, BH-25-08 from 88.8 m to 91.8 m, and BH-25-09 from 103.6 m to 107.9 m.
Who is the primary contact for further inquiries about the drilling results?
Jack Stoch, President & CEO, is the primary contact for investor inquiries regarding the findings, and he can be reached via the provided contact details.
What does this mean for shareholders of Globex Mining?
The promising drill results indicate potential value growth and expanded opportunities within the antimony sector, fostering optimism among shareholders for future developments.
