logo-loader
Globex Mining

Globex Mining Enterprises reports more copper, gold grades from Quebec property

The promising C-3 property is part of Independent Mines' wholly owned Bateman Bay property in Quebec

Globex Mining - Globex Mining Enterprises reports more copper, gold grades from Quebec property
The C-3 zone is open to the northwest and southeast at depth as well as to the southeast towards the surface

Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) and Chibougamau Independent Mines Inc (CVE:CBG) updated Wednesday on drilling at the Bateman Bay, C-3 copper/gold property in Quebec, where it has found more copper and gold grades.

The C-3 copper and gold property is part of Chibougamau's wholly owned Bateman Bay property, and the results along with drilling to date show the zone is open in various directions.

READ: Globex Mining adds highly prospective gold property in Quebec to its portfolio

Globex, an exploration, royalty and property bank, holds a 3% gross metal royalty (GMR) on the Bateman Bay and Grandroy Mine properties.

One hole hit 3.06% copper, 2.96 grams per ton (g/t) gold, 13.04 g/t silver and 0.023% cobalt over a core length of 15.68 metres, including a 4.38 metre intercept at 4.01% copper, 4.90 g/t gold, 16.17 g/t silver and 0.029% cobalt.

Another hit 3.02% copper, 0.48 g/t gold, 20.20 g/t silver and 0.025% cobalt over a core length of 45.40 metres.

"Drilling to date indicates that the zone is open to the northwest and southeast at depth as well as to the southeast towards the surface," said Chibougamau Independent Mines in a statement.

So far, seven new holes have been completed totaling 3,441 metres.

A number of holes had to be abandoned and restarted due to excessive deviation, the firm also noted.

Contact the author at [email protected]

Quick facts: Globex Mining

Price: £0.00

Market: TSX
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Globex Mining named herein, including the promotion by the Company of Globex Mining in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Globex Mining stake in Gold Project in Bateman Bay looks promising after...

Globex Mining (CVE:CBG) President and CEO Jack Stoch joined Steve Darling from Proactive Investors Vancouver to talk about their 3 percent stake in a company called Chibougamau Independent Mines Inc.  This company was granted permits to continue drilling, this time on the C-3 Copper/Gold...

on 20/6/19

2 min read