Globex holds a 5% Gross Metal Royalty on the first 25,000 oz of precious metals produced and 3% Gross Metal Royalty on all subsequent production.
Labyrinth has reported that they have commenced a 5,000 m underground drill program with an aim of converting the existing non-JORC-compliant NI 43-101 resource of 2.1 million tonnes at 7.1 g/t Au for 479,000 oz Au, including 570,000 tonnes at 6.25 g/t Au for 120,000 oz Au in the indicated category, to JORC status (refer to Globex website globexmining.com , Media Center, Technical Reports, Technical Report Update, Rocmec1 Mineral Deposit, Abitibi West,
Drilling will follow up on high-grade historical intersections of the significantly prospective Boucher lodes, which includes results such as: 2.39 m of 26.9 g/t Au, 1.45 m of 32.9 g/t Au and 2.40 m of 114.6 g/t Au.
For further details, please consult the
Contact:
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Email: info@globexmining.com
Web: www.globexmining.com
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
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