Globex Mining Enterprises Inc. Provides Drilling Update on Parbec Gold Property
January 16, 2018 at 02:40 pm
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Globex Mining enterprises Inc. provided shareholders with an update on exploration by Renforth Resources Inc. on Globex's Parbec Gold property located in Malartic township, approximately 4 km northwest and on strike of the Canadian Malartic open pit gold mine and directly adjoining on the west, the East Amphi Gold deposit. The company has started its January 2018 drill program at Parbec. This program consists of eight planned drill holes, approximately 1,900 metres in total. The planned holes include four holes previously planned, but not drilled, in December 2017 (P1, P3, P5 and P6), as well as four additional holes (P14, P15, P16 and P17). At present, Renforth is still awaiting assay results from the December 2017, drilling. The lithologies intersected in those drill holes, along with the presence of pyrite in drill core, validated and support the geological model within the maiden resource Renforth has established for Parbec. Drill holes planned in the January 2018, program can be categorized as: West Camp zone extension -- Four drill holes, P1, P3, P5 and P6 will be completed, originally planned in December 2017. These holes will test tuff intersections anticipated within the model, as well as drill underneath surface goldbearing porphyry discovered during Renforth's trenching program. P5 is an undercut of PAR-17-68 completed in December 2017, assay results still pending. Camp zone deeper intercept -- P16 is designed to test for mineralization below a historic intercept of 3.13 grams per tonne gold (Au) over 6.71 metres in drillhole PAR8844 within the "B" horizon of the Tuff zone. This horizon should be encountered at about 150-metre depth. No. 2 zone exploration -- P14 in anticipated to intersect the tuff and porphyry horizons, P15 is targeting strike extensions of diorite and tuff mineralization in a structurally complex and poorly explored area, P17 is undercutting PAR1103 and PAR1764, intersecting the porphyry horizon seen in both holes and providing a deeper intersection of the tuff horizon seen in PAR-17-64--assays yet to be received.
Globex Mining Enterprises Inc. is a Canada-based company, which is focused exploration and development property bank which operates under the project generator business model. The Company's mineral portfolio consists of exploration, development and royalty properties which contain base metals (copper, nickel, zinc, lead), precious metals (gold, silver, platinum, palladium), specialty metals and minerals (manganese, vanadium, titanium dioxide, iron, molybdenum, lithium, cobalt, scandium, antimony, rare earths and associated elements) and Industrial Minerals (mica, silica, potassic feldspar, pyrophyllite, kaolin, dolomite as well as talc and magnesite). Its properties consist of Timmins Talc-Magnesite, Laguerre-Knutson, Courville, Beauchastel - Rouyn, Cavalier, Great Plains (Clermont), Joutel, Red Star Project, Rouyn-Merger, Ruisseau Marriott, Sheen Lake Property, Shortt Lake Mine, Smith-Zulapa-Vianor, Salt Spring property, Eldrich Gold Mine, Porcupine West Property, and others.
GLOBEX MINING ENTERPRISES INC. 
