Globex Mining Enterprises is pleased to report results from two drill programs on our Eagle Mine Property and Lac à l'Eau Jaune Property.
On the Eagle Mine Property, Globex drilled two holes EM-14-01 and EM 14-02B of 595 metre and 1,011 metre lengths respectively.
Hole EM-14-01 intersected wide zones of semi massive and heavy disseminated pyrite in the mine horizon approximately 100 metres northwest of the mine with three areas of sulphide giving significant gold assays.
Hole EM-14-02B was collared approximately 120 metres southeast of hole EM-14-01 and intersected the same pyritic horizon 475 metres below and approximately 100 metres southeast of the first hole. Sulphide mineralization was heavy but not as concentrated as in the first hole. Hole EM-14-02B returned the following gold assays.
True widths are unknown as the core displayed significant flexures and folding. For planning purposes, a true width of approximately 65% is used internally.
Two drill holes LEJ-14-01 and LEJ-14-02 were drilled on the Lac à l’Eau Jaune Property to test two moderate induced polarization anomalies indicated under the south end of the lake. The drill holes are located approximately 320 metres apart in a north-south direction and were of 480m and 324m lengths respectively. Neither drill hole intersected significant gold values but hole LEJ-14-02 intersected an exhalative chert horizon with 0.49% Cu and 0.20 g/t Au. This mineralized horizon warrants additional work.
North of the area drilled, a grid covering 14 linear kilometres was blanketed by a combined magnetometer and induced polarization survey. The geology in the grid area will be mapped this summer in anticipation of a drill program next winter.
All samples were delivered to Expert Laboratories Inc., located at 127 Boulevard Industriel, Rouyn- Noranda, Quebec. The laboratory conducted all aspects of the sample preparation. Samples were dried and crushed to 90% passing a -10 mesh screen. A 300-gram subsample was taken for pulverization to a nominal 90% passing -200 mesh with the remaining crushed rejects being retained.
A 29.166-gram sub-sample of this pulp (1 assay-ton) was taken and was fused following the standard procedures used in a fire assay method. The gold content of all samples was determined using Atomic Absorption Spectroscopy (Method Code: Au FA-GEO, lower detection limit 5 ppb). Any samples found to contain greater than 1 g/t Au were subjected to a re-assay, whereby the gold content was determined using a gravimetric fire assay method.