Exciting Discoveries in Gold Mining at Ironwood Zone
New High-Grade Gold Assay Results Announced
Globex Mining Enterprises Inc. (TSX: GMX) is thrilled to share assay results from two crucial drill holes in its 100% owned Ironwood gold zone. Situated merely 2.6 kilometers east of Cadillac, Quebec, the Ironwood project has been the focus of significant investment and exploration efforts.
Exceptional Drill Hole Performances
The results from hole SIW-24-04 are particularly impressive. This hole intersected the center of the mineralized zone at a vertical depth of 173 meters. It showcased an exceptional true width of 23.22 meters, yielding an impressive grade of 23.82 grams of gold per tonne (g/t Au). Meanwhile, hole SIW-24-05, located near the eastern edge of the mineralized zone at a vertical depth of 224 meters, returned a true width of 6.65 meters with a grade of 5.69 g/t Au.
Understanding the Mineralization at Ironwood
Both drill holes penetrated a silicified zone, predominantly consisting of pyrite, with traces of pyrrhotite and arsenopyrite. This mineral structure is believed to be a sulfide replacement of a fold structure within an oxide iron horizon. Such geological features often indicate valuable ore deposits, showcasing the economic potential of the Ironwood project.
Drilling Program Overview
So far, Globex has completed 19 drill holes aimed at defining the shape and economic feasibility of the deposit, enhancing knowledge regarding potential grading and mining methodologies applicable to the zones identified. Each drilling campaign provides insights into the underlying geology, helping to refine exploration strategies.
Sample Analysis Procedures
The analysis of the sampled material was meticulously conducted by MSALABS. The sample preparation involved crushing the material to a size where 70% passes through a two-millimeter sieve. From this preparation, a 500-gram portion was extracted for gold analysis using gamma ray (photon assay) methods. To ensure accuracy, certified reference materials and blanks were included in the sequence of analysis, following tightly controlled laboratory protocols.
Exciting Future Prospects
As the company continues to advance its efforts at the Ironwood project, expectations are high for the potential findings. The exploration team, under the guidance of experienced professionals, is working diligently to maximize outcomes from each phase of the drilling program.
Globex Mining Enterprises, led by President and CEO Jack Stoch, aims not only to push the frontiers in mining but also to ensure sustainable and responsible practices throughout its operations. With the current assay results setting the stage for a promising future, Globex remains optimistic about the unfolding narrative at Ironwood.
Contact Information
For further inquiries, Jack Stoch, P.Geo., the President and CEO of Globex Mining is available for contact:
Phone: 819.797.5242
Email: info@globexmining.com
Website: www.globexmining.com
Frequently Asked Questions
What is the significance of the assay results from Ironwood?
The assay results reveal high-grade gold mineralization that indicates a promising economic potential for the project.
How many drill holes have been completed at Ironwood?
Globex has completed a total of 19 drill holes aimed at assessing the mineralization and its economic viability.
What methods are used for gold analysis in the samples?
The samples undergo a photon assay method, which utilizes gamma ray techniques for accurate gold measurement.
Who is overseeing the Ironwood project?
Jack Stoch, the President and CEO of Globex Mining Enterprises, oversees the project along with a skilled team of geologists and mining professionals.
What are the next steps for Globex at Ironwood?
Globex plans to continue its drilling program and further analyze the geological data acquired to enhance its understanding of the mineral potential.
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