Assessing Open Pit Mining Potential at Duquesne West Property
Update on Duquesne West Property Exploration
Globex Mining Enterprises Inc. (NASDAQ: GMX) has announced exciting developments regarding the Duquesne West Property in Quebec. This project, managed by their partners at Emperor Metals Inc., has achieved significant progress, particularly through extensive drilling and assaying efforts in recent times.
Drilling and Assay Results
In a recent release, the company highlighted that they successfully completed drilling and assaying for a total of 19 holes across a distance of 8,166 meters in 2024. Additionally, they have started analyzing approximately 8,000 meters of historical core samples that were previously stored. So far, they have reported all assays from the latest drilling and are currently evaluating 55% of the historical assay results.
Key Intercepts Indicate Promising Outcomes
John Florek, President of Emperor Metals, provided insights into the findings. He stated, "With intercepts like 43.9 meters at 0.74 g/t Au in previously unsampled historical core and 2.5 meters of 8.62 g/t Au, we are becoming increasingly confident in expanding the known resources. Our aim is to identify new zones that show potential for both high-grade and lower-grade open-pit mining, while also extending the area we believe to have substantial potential for future developments." This results-driven mindset underlines the commitment to realizing an open-pit mining vision.
Strategic Expansion of Mining Operations
The exploration results are not just encouraging—they are paving the way for broader mining operations. The ongoing assessments of the site showcase both the expansion at depth and the discovery of margins that can be integral to the open-pit mining strategy. This dedication to mapping out potential mining zones creates avenues for enhancing the project's overall viability.
Corporate Contact Information
The press release emphasizing these advancements was crafted by Jack Stoch, P. Geo., who serves as President and CEO of Globex Mining Enterprises Inc. Allowing shareholders and interested parties to connect with the company directly, he can be reached at:
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
Future Prospects and Shareholder Engagement
With each drill result, confidence grows in the Duquesne West Property's capability to support open-pit mining processes. Ongoing communication with shareholders is a priority for Globex, showcasing their commitment not only to transparent operations but also to actively fostering investor relations through updates like the recent findings.
Frequently Asked Questions
What is the significance of the assay results at Duquesne West?
The assay results reveal promising gold grades, indicating potential for both high-grade and lower-grade open-pit mining, which is vital for resource expansion.
Who is executing the exploration at Duquesne West Property?
The exploration is being carried out by Emperor Metals Inc. under an option agreement from Globex Mining Enterprises Inc.
How many holes have been drilled at the Ducquesne West Property?
A total of 19 drill holes have been completed, covering a distance of 8,166 meters in the current exploration phase.
What is the future strategy for mining at Duquesne West?
The strategy includes identifying new mineralized zones and realizing an open-pit mining vision based on current and historical core sample analyses.
How can shareholders get more information?
Shareholders can contact Jack Stoch, the President & CEO of Globex Mining, for further information and updates regarding the company's operations.
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