Published: April 7, 2016 |

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Globex Mining Enterprises Inc. has acquired 100 percent interest in the Cameron Gold Property located in Desjardins, Franquet and Grevet Townships, Quebec.

The property consists of 30 cells totaling 1,242 hectares and covers 6.4 km of the Cameron Shear Zone, host to the Discovery gold deposit, located 12 km west-northwest of the Globex claim group. The Discovery gold deposit has reported historic measured resources of 3,109 tonnes grading 8.95 gpt Au for 895 oz, indicated resources of 1,278,973 tonnes grading 5.74 gpt Au for 236,180 oz and inferred resources 1,545,500 tonnes grading 5.93 gpt Au for 294,473 oz Au.

Globex’s Cameron Gold Property has been subject to a number of exploration programs culminating in 119 drill holes, 57 of which are in the area of the principal gold zone, surface mapping and sampling as well as several ground geophysical surveys. Gold was intersected in numerous drill holes and in several stripped outcrops.

Much of the previous drilling was within 300 meters of surface, intersecting wide zones of low grade gold with occasional spikes into the multi ounce range over narrow widths. SIGEOM, the Quebec government geological information internet site contains reports describing gold values as high as 21.8 gpt Au over 1.5 m, 8.23 gpt Au over 1.3 m, 8.13 gpt Au over 1 m, 7.41 gpt Au over 1.1 m, 28 gpt Au over 0.37 m, 16.1 gpt Au over 0.68 m, 7.72 gpt Au over 1.44 m, 17.8 gpt Au over 1.05 m and other narrow high grade intersections within broad low grade gold mineralized zones related to the Cameron Shear structure.

Globex will recompile and study all the technical data from the property and that of adjacent gold deposits to define target areas for new exploration along the prolific gold localizing Cameron Shear. Included in the acquisition is $740,000 of assessment credits.

About Globex
Globex is a Toronto Stock Exchange, Frankfurt and OTCQX-listed corporation with a diversified North American portfolio of mid-stage exploration, development and royalty properties containing: precious metals (gold, silver, platinum, palladium), base metals (copper, zinc, lead, nickel), specialty metals and minerals (manganese, titanium oxide,iron, molybdenum, uranium, lithium, rare earths) and industrial minerals and compounds (mica, silica, apatite, talc, magnesite).

To stop by Globex’s website, CLICK HERE

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