Globex Mining Enterprises is pleased to inform shareholders that it has acquired three lithium projects located in LaCorne and Figuery Townships, Quebec between the towns of Amos and Val D'Or.
The projects called the Chubb, Bouvier and McNeely properties all have recorded spodumene (lithium mineral) occurrences in surface showings, trenches and drill holes.
In all properties, multiple spodumene bearing pegmatite dykes are reported with spodumene content of up to 20% reported in some dykes.
Globex acquired 100% interest in the properties in exchange for undertaking the renewal of certain claims and reserving a one percent (1%) Net Smelter Royalty (NSR) for the vendor which may be purchased by Globex at any time for $200,000.
Chubb Property, LaCorne Township
Spodumene bearing pegmatite dykes varying from 1.6 to 6 m width.
Spodumene content varying up to 15% and tested to a depth of 100 m and length of 300m.
Most recent drill holes 1.68 Li02 wt % over 3.72 m and 1.25 Li02 wt % over 2.38m.
Bouvier Property, Figuery Township
Spodumene bearing pegmatite dykes varying from 5 to 14 m width.
Spodumene content varying up to 25% and tested along a strike length of 183 m by drilling and trenching.
McNeely Property, LaCorne & Landrienne Townships
Spodumene bearing pegmatite dykes.
Drill holes up to 1.0% Li over 2.44m.
Geological similarity to the Quebec lithium mine.