- Deep drilling of the Normetmar trend in hole STE-21-92-W3 has intersected a high-grade copper interval of over 15% chalcopyrite (“Cpy”) mineralization over 3.7 metres. Chalcopyrite is a copper mineral (3% Cpy = 1% Cu).
- Recent Deep zone drilling results include 5.03% Zn Eq over 12.5 m in hole STE-22-092-W2, which includes 1.01% Cu.
- A new Volcanogenic Massive Sulphide (“VMS’) horizon has been discovered in the northern half of the property.
The currently reported drill intersections are on the
Deep Zone Results Normetmar, NewMetal Property
Zone | Hole No. | From (m) | To (m) | Length (m) | Zn (%) | Cu (%) | Ag (g/t) | Au (g/t) | Zn Eq (%) * |
Deep | STE-22-092-W2 | 1088.00 | 1100.50 | 12.5 | 1.27 | 1.01 | 11.41 | 0.21 | 5.03 |
Incl. | 1094.00 | 1098.50 | 4.5 | 0.39 | 1.86 | 21.18 | 0.38 | 7.29 | |
STE-21-077 | 750.70 | 756.65 | 5.95 | 1.69 | 0.19 | 6.82 | 0.06 | 2.58 | |
STE-21-082-W2 | 747.00 | 755.80 | 8.80 | 1.45 | 0.24 | 4.60 | 0.06 | 2.43 | |
Incl. | 748.60 | 752.35 | 3.75 | 2.95 | 0.50 | 7.25 | 0.11 | 4.88 | |
STE-22-087 | 712.25 | 721.35 | 9.10 | 1.71 | 0.83 | 11.38 | 0.24 | 5.00 | |
Incl. | 713.30 | 713.70 | 0.40 | 0.66 | 7.83 | 76.70 | 1.04 | 28.12 | |
Incl. | 719.00 | 719.75 | 0.75 | 7.04 | 0.29 | 6.40 | 0.22 | 8.56 | |
STE-22-087-W1 | 690.50 | 701.20 | 10.70 | 0.57 | 0.75 | 8.22 | 0.11 | 3.26 | |
Incl. | 690.50 | 691.85 | 1.35 | 0.59 | 2.29 | 27.24 | 0.42 | 9.03 | |
STE-22-088-W1 | 768.40 | 778.30 | 9.90 | 0.60 | 0.04 | 8.14 | 0.03 | 1.02 | |
Incl. | 776.00 | 778.30 | 2.30 | 1.08 | 0.01 | 22.63 | 0.08 | 1.96 | |
STE-22-092 | 1122.70 | 1126.00 | 3.30 | 1.41 | 0.05 | 3.30 | 0.02 | 1.71 | |
Incl. | 1123.40 | 1126.00 | 2.60 | 1.69 | 0.06 | 3.87 | 0.02 | 2.03 |
Intervals are reported as drill core lengths measured downhole. True width of mineralization is currently unknown.
Wedge hole STE-22-092-W2 returned 12.5 metres grading 5.03% zinc equivalent including 1.01% copper. Additional wedge hole, STE-21-92-W3, above this hole is reported to have intersected more than 15% chalcopyrite over 3.7 metres. Assays are pending on this wedge hole.
Globex retains a 2.5% Gross Metal Royalty on the
This press release was written by
We Seek Safe Harbour. | Foreign Private Issuer 12g3 – 2(b) |
CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 | |
For further information, contact: | |
President & CEO 86, 14th Street | Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com 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
Source:
2022 GlobeNewswire, Inc., source