Globex Mining Enterprises Inc. (GLBXF: OTCQX International)

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Globex Mining Enterprises Inc. (GLBXF: OTCQX International) | Globex Gains Two New Partners at Wood Pandora, Additional Royalty Not Given Marketwire

Globex Gains Two New Partners at Wood Pandora, Additional Royalty Not Given

ROUYN-NORANDA, QUEBEC--(Marketwired - June 18, 2014) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) wishes to welcome Agnico Eagle Mines Ltd. and Yamana Gold Inc. as exploration partners on the Wood Pandora project in Cadillac Township, Quebec.

The Wood Pandora project covers 4 km of the gold localizing Cadillac Break and includes the historical Central Cadillac, Wood and Pandora #3 gold deposits as well as the Ironwood Gold deposit (243,200 tonnes of inferred resource grading 17.26 g/t Au, see press release dated March 3 rd , 2008 and technical report filed on SEDAR March 19 th , 2008). Globex owns 50% interest in the project and is project manager. Currently, we are initiating a new surface exploration program consisting of rock sampling of all outcrop exposures on the 751 hectare property as well as a review and update of historical drill data in order to assess the properties' potential for outlining a large tonnage, low grade gold deposit similar to the huge Malartic Gold Mine. Previous work was directed toward deep exploration looking for a gold deposit similar to the neighboring Lapa Gold Mine. Numerous high-grade gold intersections have been intersected as reported in Company press releases. Previous surface exploration resulted in the discovery of the Ironwood Gold deposit on a structure north of and separate from the Cadillac Break.

Previously Osisko Mines announced that as part of the purchase of Osisko Mines by Yamana and Agnico Eagle, the new company, Osisko Gold Royalties Ltd. would retain a two percent (2%) net smelter royalty on the Wood Pandora Property. The Joint Venture Agreement, originally signed with Queenston Mining Inc. and assumed by Osisko Mines in 2012, does not allow for the issuance of royalties to third parties. Upon further review of the agreement, it was resolved no additional royalty will be imposed.

This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
  CUSIP Number 379900 50 9

Forward Looking Statements

Except for historical information, this news release may contain certain "forward looking statements".  These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ("Globex").  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.   A more detailed discussion of the risks is available in the "Annual Information Form" filed by Globex on SEDAR at www.sedar.com

40,793,755 shares issued and outstanding

Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
819.797.1470
819.797.5242
info@globexmining.com
www.globexmining.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Euroandinos Paita Closes Consent for 2037 Notes

Updated Category News Views 122

Port Strategy and Financial Implications Terminales Portuarios Euroandinos Paita S.A., nestled in the Peruvian transport sector, has been tight-rope walking through its debt landscape. Announcing a successful consent solicitation on November 13, 2026, they've taken a significant step towards reconfiguring their long-term financing game. This puppet show of paperwork...

Continue Reading
IEHP's Wellness Center Launch Faces Delay in California

Updated Category News Views 104

Unexpected Delay for IEHP's Community Hub Straight outta Rancho Cucamonga, we've got some news that'll have folks in San Bernardino holding their breath a little longer. The Inland Empire Health Plan (or IEHP if you're part of the 1.4 million served by them) had folks pumped for their new Community Wellness Center. But guess what? They had to slam the brakes on the grand...

Continue Reading
Perpetua Reports Q3 2026 Results, Progress on Project

Updated Category News Views 81

A Steady Climb for Perpetua Resources It's like watching a boxer steadily climb the ranks, waiting for the big title fight. That's the scene with Perpetua Resources (NASDAQ:PPTA) as their Q3 2026 financial results hit the wires. No confetti cannons this time, just solid, gritty steps towards a promising future. Q3 Financial Results: A Prudent Path The financials for...

Continue Reading
Novo's CagriSema Trial Shows Promising Obesity Results

Updated Category News Views 162

Novo's Latest Weight Loss Gamble Well, look what we have here. Novo Nordisk is shaking up the obesity treatment scene with some bold numbers from their REDEFINE 9 trial. The investigational CagriSema combo of amylin analog and GLP-1 receptor agonist has churned out an eyeball-popping near 21% weight loss. For context, we're staring down the barrel of numbers far meatier...

Continue Reading
CARsgen's CAR-T Breakthrough on China's Insurance List

Updated Category News Views 120

A Game Changer for CAR-T Therapies There's a breeze of optimism blowing from Shanghai these days—a rare sensation in this market of endless skirmishes. CARsgen Therapeutics Holdings Limited, a company entrenched in the development of cutting-edge CAR T-cell therapies, just notched a victory. They've announced that their CAR T-cell therapy product, satricabtagene...

Continue Reading
WeaveGrid Powers EVConnectNC: Charging Incentives Launched

Updated Category News Views 106

Transforming Utilities with EVConnectNC In a fresh move by WeaveGrid, North Carolina's Electric Cooperatives have teamed up to roll out EVConnectNC. This innovative program aims to manage the burgeoning demand for electric vehicle (EV) charging in rural and suburban areas under North Carolina's cooperative umbrella. Think of it as a smart way to handle new loads without...

Continue Reading
ManuTech Center Set to Revolutionize Manufacturing Hub

Updated Category News Views 138

Jackson's Next Manufacturing Frontier Well, the folks down in Jackson, Michigan, are prepping to cut the red ribbon on something that's got me leaning forward in my seat. The Advanced Manufacturing Training Center (AMTC) is pulling out all the stops with their new ManuTech Prototyping Center. Yup, this center is about to become the playground for startups, manufacturers,...

Continue Reading
Greenberg Traurig's Brad Kaufman: A Mentor of Resolute Impact

Updated Category News Views 244

A Milestone for Mentorship at Greenberg Traurig In the often cutthroat jungle of law, finding someone who actually gives a damn about you is as rare as finding a unicorn. Yet, there it is—Brad Kaufman, at the helm of Greenberg Traurig's professional development, proving that mentorship can be more than just a checkbox on a quarterly review. Award for Exceptional...

Continue Reading
WeFetch AI: A New Era in Barcode Precision

Updated Category News Views 201

WeFetch AI: What's in a Name? Forget about GreenCore Solutions Corp. We're talking about WeFetch AI Corp. now. They've just changed their name, fulfilling a bureaucratic tick as of November 13, 2026. But it ain't just a name change; it's a whole new ballgame in AI-driven commerce. AI Shopping Without the Guesswork We've all been there. You think you've ordered that...

Continue Reading
Webull Faces Class Action: Key Details for Investors

Updated Category News Views 95

What's Really Going on With Webull? When you hear there's a class-action lawsuit brewing, you know something's gone real sideways. Webull Corporation (NASDAQ: BULL) finds itself neck-deep in a securities fraud class action alleging some dicey dealings with China. If you've got skin in the game—and if you bought Webull stock between April 26, 2025, and October 6,...

Continue Reading

Top 5 Most Recently Viewed Articles

Collaboration of Pharmacy Leaders to Tackle Opioid Crisis

Updated Category News Views 56

Collaboration to Tackle Opioid Misuse Advanced Rx, a leading provider of pharmacy services, has announced an important partnership with Sure Med Compliance, an innovative digital healthcare company dedicated to ensuring regulatory compliance in pain management. This alliance is focused on addressing the alarming issue of opioid misuse and its devastating effects....

Continue Reading
VOX Solutions Earns Tier 1 Status in SMS Monetization Ranking

Updated Category News Views 158

VOX Solutions Achieves Tier 1 Vendor Status VOX Solutions proudly announces its recognition as a Tier 1 vendor, reflecting its significant impact in the telecommunications industry. This acknowledgment comes through ROCCO's detailed SMS Monetization Market Impact Report, which is compiled based on insights from over 278 Mobile Network Operators (MNOs). These operators...

Continue Reading
LambdaTest Revolutionizes Web Testing with Accessibility Integration

Updated Category News Views 151

LambdaTest Launches Accessibility Testing Feature LambdaTest, a prominent cloud-based testing platform, has unveiled a significant new feature designed to enhance accessibility compliance for web applications. This feature, known as Accessibility Playwright Integration, is set to transform how businesses approach accessibility testing in the digital landscape. Enhancing...

Continue Reading
Innovative Tool Transforms Glass Cleaning for Curved Surfaces

Updated Category News Views 162

Revolutionary Cleaning Tool Designed for Curved Windows Imagine a cleaning tool crafted specifically for those hard-to-reach curved windows found in mobile homes, fire trucks, and various types of trailers. An inventive mind from Ontario envisioned this need and created the ULTIMATE WINDOW CLEANER, aimed at making window maintenance simpler and safer. Why the ULTIMATE...

Continue Reading
Nufarm Collaborates with ChrysaLabs for Carbon Measurement in Aviation Fuels

Updated Category News Views 257

Nufarm Forms Strategic Alliance with ChrysaLabs Nufarm is thrilled to unveil its latest partnership with ChrysaLabs, a forerunner in soil data analytics and carbon measurement. This collaboration aims to quantify the benefits of soil carbon sequestration linked to Nufarm’s expansion of Carinata production in South America. Carinata plays a crucial role in Nufarm’s...

Continue Reading