Exciting Drilling Results from Globex Mining's Royalties
Exciting Updates from the Drilling Program
Globex Mining Enterprises Inc. (NASDAQ: GLBXF) is thrilled to share promising drilling results from Consolidated Lithium Metals Inc. regarding the valuable royalty claims at East Vallée. These claims are strategically located near a significant lithium mine, further enhancing the potential of the area.
Drill Program Overview
The comprehensive drill program aimed to explore the southeast extension of the Core Pegmatite, extending over 4.25 kilometers. Conducting 12 drilling holes, a major focus was on the Globex royalty claims, specifically targeting holes EV 24-001 through EV 24-009 and EV 24-012.
The results from these drill holes have sparked great interest in the lithium market, giving insight into the geological potential of the region.
Impressive Lithium Intersections
The findings reveal some noteworthy intersections, underscoring the potential for lithium extraction. Among the highlights:
Significant Lithium Results
- **Hole EV-24-002:** Recorded lithium concentrations showing 0.754% Li2O over 9.25 meters, with an additional interval of 1.184% Li2O over 4.00 meters.
- **Hole EV-24-007:** Showed a lithium concentration of 0.308% Li2O over a length of 1.05 meters.
- **Hole EV-24-008:** Displayed consistent results, with 0.310% Li2O over 1.15 meters.
- **Additional results from EV-24-009** also indicated 0.293% Li2O over 0.65 meters, affirming the resource richness of the property.
Future Prospects and Opportunities
Globex Mining understands the importance of these findings not just for current operations but also for future initiatives aimed at resource development and expansion. The detailed analysis and interpretation of these results will influence future drilling programs and strategic planning.
Contact Information
For further inquiries, you can 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
info@globexmining.com
www.globexmining.com
Frequently Asked Questions
What are the main findings of the drilling program?
The drilling program produced lithium concentrations ranging from 0.293% to 1.184% Li2O across several holes, indicating a promising potential for lithium resource extraction.
Where are the Globex royalty claims located?
The claims are situated in proximity to Sayona's North American Lithium Mine, which adds strategic value and mineral potential to the area.
How many holes were drilled in the program?
A total of 12 holes were drilled, with 10 specifically targeting the Globex royalty claims.
Who can I contact for more information on this project?
For detailed inquiries, you can contact Jack Stoch, the President & CEO of Globex Mining Enterprises Inc.
How does this news impact Globex Mining?
This announcement is favorable, as it highlights the potential for further resource development within the company's property and could lead to increased interest from investors.
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