Globex Mining's Latest Drill Results Show Promising Gold Grades

Exciting Developments in Globex Mining's Drilling Program

Globex Mining Enterprises Inc. (TSX: GMX) is thrilled to share the results from its recent drilling program at the Ironwood gold deposit, showcasing promising findings that highlight the potential of this site. The Ironwood project, situated east of Cadillac, has demonstrated an Inferred Resource of 243,200 tonnes with an excellent grade of 17.26 g/t Au based on prior wide-spaced drilling.

Overview of the Drill Program

Under the current drill program, Globex aims to enhance its understanding of the deposit by executing at least 17 infill drill holes. This strategy not only aims to refine the known boundaries of the gold zone but also to facilitate a better assessment of the overall mining potential. While the size of the deposit is modest, there's substantial excitement regarding its future mining possibilities.

First Four Drill Holes' Results

The first four holes of this drilling initiative have yielded valuable data. Each hole was strategically designed to either intersect the gold zone or define its limits. The results below depict each hole's coordinates and findings:

Drill Results Summary

Here's a brief summary of the first four drill holes:

Hole Number: NIW-24-01
From: 9.1 m, To: 11 m, Core Length: 1.9 m, True Widths: 1.3 m, Grade: 13.56 g/t Au
Remarks: Designed to intersect the zone near sub outcrop at a vertical depth of ~8 m.

Hole Number: SIW-24-01
From: 178.6 m, To: 182 m, Core Length: 3.4 m, True Widths: 2.62 m, Grade: 21.78 g/t Au
Remarks: Targeted eastern limit at a vertical depth of ~142 m.

Hole Number: SIW-24-02
From: 163 m, To: 166 m, Core Length: 3.0 m, True Widths: 2.15 m, Grade: 3.14 g/t Au
Remarks: Aimed to determine western limit at a vertical depth of ~123 m.

Hole Number: SIW-24-03
From: 204.7 m, To: 219.8 m, Core Length: 15.1 m, True Widths: 11.08 m, Grade: 16.63 g/t Au
Remarks: Focused on approaching the western limit at a vertical depth of ~165 m.

Lab Procedures and Quality Assurance

Ensuring the integrity of assay results is paramount. For this purpose, Globex implements rigorous lab processes. Samples are first processed to 70% passing through a two-millimeter sieve, after which a 500-gram portion is selected for gold analysis. It's crucial to note that the lab incorporates both blank samples and certified reference materials to maintain quality throughout the analysis. Additionally, MSALABS, the laboratory partner employed, holds ISO-17025 certification for numerous metal determination methods, underlining the reliability of the results.

Future Exploration and Opportunities

Globex remains optimistic about its comprehensive drilling program. With 14 holes completed and the Ironwood Gold Zone intersected in every hole so far, the potential for positive outcomes is high. The ongoing exploration efforts not only bring the possibility of mineral extraction closer but also bolster the interest in Globex Mining Enterprises Inc. within the investment community.

Frequently Asked Questions

What is Globex Mining Enterprises Inc. known for?

Globex Mining is recognized for its diverse mineral properties and projects along with its commitment to exploring and developing these assets, particularly in gold and other valuable minerals.

What recent drilling results were highlighted by Globex?

The latest results indicate promising grades across several drill holes, with one showing up to 21.78 g/t Au in the Ironwood deposit, suggesting strong potential for profitable mining.

How many holes have been drilled in the current campaign?

As of now, 14 drill holes have been completed in the current program, significantly contributing to the understanding of the Ironwood gold deposit.

What laboratory procedures are employed to ensure assay accuracy?

Globex employs strict laboratory procedures that include using calibration standards and duplicates. The samples are processed according to industry best practices, ensuring the accuracy of gold analyses.

Who can be contacted for more information regarding Globex Mining?

For further inquiries, Jack Stoch, the President and CEO of Globex Mining, can be contacted. He can provide detailed insights and updates regarding the company’s activities.

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