Proactiveinvestors USA & Canada Globex Mining https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Globex Mining RSS feed en Mon, 25 Mar 2019 21:09:34 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Globex Mining makes another move to maximize shareholder value. ]]> https://www.proactiveinvestors.com/companies/stocktube/12687/globex-mining-makes-another-move-to-maximize-shareholder-value-12687.html Thu, 21 Mar 2019 15:53:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12687/globex-mining-makes-another-move-to-maximize-shareholder-value-12687.html <![CDATA[News - Globex acquires stake in NSGold, owner of Mooseland gold mine in Nova Scotia ]]> https://www.proactiveinvestors.com/companies/news/216963/globex-acquires-stake-in-nsgold-owner-of-mooseland-gold-mine-in-nova-scotia-216963.html Globex Mining Enterprises Inc (TSX:GMX) (OTCMKTS:GLBXF) revealed it has taken an 11.1% stake in NSGold Corp (CVE:NSX) after it reached a new deal with the junior resource firm.

Prospect generator and resource property bank Globex said it has agreed with NSGold to reduce its gross metal royalty (GMR) – that's a cut taken on the metal produced – on its Mooseland Gold mine in Nova Scotia from 4% to 2%.

READ:  Globex Mining anticipates next steps as neighbor to northwest begins drilling at Crater Lake

The companies also agreed to eliminate the potential 5% share issuance upon reaching production in exchange for the immediate issuance of more than 1.74  million shares of NSGold – or an 11.1% interest.

Globex says it expects that the reduction of the royalty will advance the potential of the Mooseland Gold deposit's advancing toward production.

Mooseland is a Meguma-type gold deposit with a NI 43-101 inferred resource of 2.52 million tonnes, grading 5.6 g/t (grams per tonne) gold at a cutoff grade of 2.6 g/t for 454,000 contained ounces of gold.

Globex Mining shares in Toronto were unchanged at $0.32.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74 

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Thu, 21 Mar 2019 10:31:00 -0400 https://www.proactiveinvestors.com/companies/news/216963/globex-acquires-stake-in-nsgold-owner-of-mooseland-gold-mine-in-nova-scotia-216963.html
<![CDATA[News - Globex Mining anticipates next steps as neighbor to northwest begins drilling at Crater Lake ]]> https://www.proactiveinvestors.com/companies/news/216881/globex-mining-anticipates-next-steps-as-neighbor-to-northwest-begins-drilling-at-crater-lake-216881.html Globex Mining Enterprises Inc. (TSX:GMX) (OTCMKTS:GLBXF) informed shareholders on Wednesday that Imperial Mining Group has mobilized crews to begin drilling on its Crater Lake project, which adjoins Globex’s similarly named property.

The Crater Lake scandium property is a 6 kilometre ring structure east of Schefferville, Quebec. Imperial Mining Group owns the northwestern half of the structure and Globex owns the southeastern portion.

Scandium can be added to aluminium to make lighter, stronger alloys for use in automobiles, ships and aircraft. Worldwide supply of the metal is low, with an estimated 15 tons produced globally each year.

READ: Globex Mining Enterprises says Renforth will gain 100% of Parbec gold project in Quebec

Imperial is planning a 2,500 metre diamond drill program to better understand the scandium resource potential at Crater Lake. Globex recently acquired its land position on the property in anticipation of Imperial’s exploration campaign.

Because Crater Lake is remote and exploration is costly, Globex will wait for results of Imperial’s drilling before making any decisions to explore its property, the company said in a statement.

Imperial anticipates preliminary results to be available in early spring, according to a recent press release.

Based in Montreal, Globex has a diversified portfolio of mid-stage exploration, development and royalty properties spanning a wide variety of commodities. In addition to doing its own exploration, the junior miner options many of its projects to other companies.

Shares of Globex were unchanged on Wednesday afternoon at $0.33 in Toronto and down 2.8% to US$0.25 in the US.

Contact Angela Harmantas at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Wed, 20 Mar 2019 15:32:00 -0400 https://www.proactiveinvestors.com/companies/news/216881/globex-mining-anticipates-next-steps-as-neighbor-to-northwest-begins-drilling-at-crater-lake-216881.html
<![CDATA[News - Globex Mining Enterprises gains as Vanadium One posts drill results from Quebec project ]]> https://www.proactiveinvestors.com/companies/news/216505/globex-mining-enterprises-gains-as-vanadium-one-posts-drill-results-from-quebec-project-216505.html Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) gained Thursday as Vanadium One reported positive drill assays from its Mont Sorcier iron-ore project near Chibougamau, Quebec.

Drilling of three holes in the South Zone hit continuous mineralization throughout each hole. Globex holds a 1% guaranteed minimum royalty on the property.

Shares in Globex added 1.7% to C$0.30 in Toronto trading. They were up 5.7% to US$0.23 on the OTC Markets.

READ:Globex Mining Enterprises set to buy back up to 1 million shares

One hole returned an intersection of 243 meters of concentrate grading 65.2% iron and 0.50% vanadium pentoxide within the iron formation, based on the Davis Tube Test (DTT).

Globex noted that the work by Vanadium One continued to reveal wide widths of iron-vanadium mineralization.

Of particular interest is the low titanium dioxide content, which suggests that it will not interfere with the recovery of the vanadium.

Vanadium is in high demand for large-volume energy storage batteries, said Globex.

The firm was "particularly encouraged by the persistent wide bands of higher-grade vanadium pentoxide found inside the magnetite iron formation," Martin Walter, CEO at Vanadium One, said. 

"Again, this strengthens our opinion that the vanadium content is an important economic credit, in addition to the value of the Iron, when considering future economic studies conducted on the project," he added.

 

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Thu, 14 Mar 2019 14:17:00 -0400 https://www.proactiveinvestors.com/companies/news/216505/globex-mining-enterprises-gains-as-vanadium-one-posts-drill-results-from-quebec-project-216505.html
<![CDATA[Media files - Globex Mining has a broad portfolio covering a wide variety of metals ]]> https://www.proactiveinvestors.com/companies/stocktube/12480/globex-mining-has-a-broad-portfolio-covering-a-wide-variety-of-metals-12480.html Tue, 05 Mar 2019 23:02:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12480/globex-mining-has-a-broad-portfolio-covering-a-wide-variety-of-metals-12480.html <![CDATA[News - Globex Mining broadens footprint at Joutel mine in Quebec ]]> https://www.proactiveinvestors.com/companies/news/215450/globex-mining-broadens-footprint-at-joutel-mine-in-quebec-215450.html Globex Mining Enterprises Inc (CVE:GMX) (OTCQX:GLBXF) released promising news Wednesday that it was extending its reach, having acquired additional mineral rights in the Joutel gold and base metal mining camp of Quebec.

The Quebec-based company already owns three former mines in the Joutel mining camp; the Poirier mine, the Joutel mine – both copper/zinc – and the gold-focused Eagle Mine. All three former mines have historical resources and underground access via shafts and drifts.

Globex has amassed a portfolio of more than 160 properties, including more than 40 former mines. It has a diversified North American portfolio of mid-stage exploration, development and royalty properties.

WATCH: Globex Mining uses a unique and successful model to find and monetize new projects

The company said it acquired more than 10 km of the Eagle Mine horizon, including the entire strike length.

According to a release by the company, "the claims have seen historical exploration including drilling. The drilling defined the underlying mine horizon of interest over the entire acquired property. Numerous gold intersections are reported or indicated."

It added that while many older drill records reported prospective geology, such as quartz veins, sulphides, and alteration, little or no assaying was completed. 

The company intends to compile the historical data and seek an option partner or buyer for the prospective Joutel Mining Camp package.

Drilling at Francoeur/Arntfield gold mines property to start

The company also said drilling is expected to start on its 100%-owned Francoeur/Arntfield Gold Mines property next week. 

The company said it would be targeting the South and 450 gold zones.

Shares of Globex were up 1.7% at C$0.30 on Wednesday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 27 Feb 2019 12:00:00 -0500 https://www.proactiveinvestors.com/companies/news/215450/globex-mining-broadens-footprint-at-joutel-mine-in-quebec-215450.html
<![CDATA[Media files - Globex Mining uses an unique and successful model to find and monetize new projects. ]]> https://www.proactiveinvestors.com/companies/stocktube/11897/globex-mining-uses-an-unique-and-successful-model-to-find-and-monetize-new-projects-11897.html Sun, 20 Jan 2019 13:13:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11897/globex-mining-uses-an-unique-and-successful-model-to-find-and-monetize-new-projects-11897.html <![CDATA[Media files - Globex Mining sees more acquisitions on the horizon ]]> https://www.proactiveinvestors.com/companies/stocktube/9244/globex-mining-sees-more-acquisitions-on-the-horizon-9244.html Wed, 09 May 2018 10:24:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/9244/globex-mining-sees-more-acquisitions-on-the-horizon-9244.html <![CDATA[News - Jack Stoch steps up with $1.2 million investment to ensure Chibougamau Independent Mines lists on TSX-V ]]> https://www.proactiveinvestors.com/companies/news/92170/jack-stoch-steps-up-with-12-million-investment-to-ensure-chibougamau-independent-mines-lists-on-tsx-v-39020.html Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) and subsidiary Chibougamau Independent Mines Inc. (CIM) Wednesday said that a $1.2 million investment by Jack Stoch Geoconsultant Services Ltd. will ensure that CIM can trade on the TSX Venture Exchange.

CIM raised $1.4 million in "flow-through" units, noting that the TSX-Venture required it to have a minimum of roughly $1.2 million in working capital at listing. 

Jack Stoch Geoconsultant Services, owned by Jack Stoch, president and CEO of Globex and CIM, has subscribed for "hard cash" units of CIM in that amount. 

Jack and Dianne Stoch said in a recent release that they are “prepared to ensure their advancement and that of CIM” with their investment and that they view CIM's projects as “among the best in the Province of Quebec”. 

With its investment, Jack Stoch Geoconsultant Services will have a roughly 19-per-cent equity stake in CIM.           

Globex noted that neither the Quebec Government funds nor the Quebec union fund, set up specifically to support exploration in Quebec, participated in the CIM financing. 

“We find this perplexing especially when we were told that, at least in one case, that they were surprised by the high quality of our projects,” the company said in a statement.

Earlier this week, CIM announced it had raised about $2.6 million at the closing of its previously-announced private placement.

The company said that the current financial uncertainty both in Europe and North America and “weak performance” of the junior sector made it impossible for CIM to raise the complete $10 million amount it originally announced in October, 2012. 

“Several investment funds have expressed an interest in CIM but have requested that we re-contact them in early 2013 once their new 2013 funds are funded,” it added.

Globex said that as previously announced, the TSX-V has already conditionally approved CIM's listing application. The start of trading of CIM is expected this month, on compeltion of the placement and standard listing documents, among other items. 

All the funds from the private placement will be used for the 10, 100-per-cent-owned, advanced properties in the Chibougamau area.

CIM said it will immediately initiate several of its exploration programs, including drilling of the historical non-NI 43-101 Berrigan gold, silver, zinc zone immediately north of the town of Chibougamau, Quebec. 

The initial drill program on the Berrigan property will be focused on confirming the previously drilled shallow, historical zinc zone, where drilling from the 1940's to the 1960's largely ignored the “numerous and very significant” gold and silver values. 

Globex, a development-stage, mining exploration company, has a North American portfolio of properties with gold, copper, zinc, silver, platinum, palladium, uranium, rare earth, nickel, magnesium and talc potential.

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Wed, 02 Jan 2013 13:20:00 -0500 https://www.proactiveinvestors.com/companies/news/92170/jack-stoch-steps-up-with-12-million-investment-to-ensure-chibougamau-independent-mines-lists-on-tsx-v-39020.html
<![CDATA[News - Globex Mining announces record date for spinout of Chibougamau Independent Mines ]]> https://www.proactiveinvestors.com/companies/news/92045/globex-mining-announces-record-date-for-spinout-of-chibougamau-independent-mines-38798.html

Globex Mining (TSE:GMX) (OTCQX:GLBXF) announced late yesterday a record date for the spin out of its Chibougamau Independent Mines (CIM) subsidiary to its shareholders. 

The company is spinning out a tax free dividend to its shareholders in the form of shares in CIM, which owns a large package of former mines and non NI 43-101 deposits and targets in the Chibougamau mining camp of Quebec.

Every Globex shareholder at the close of business on Friday, December 28 will receive one share of CIM for each Globex share held. 

CIM will hold a closing of its previously-announced private placement of "flow-through" units and "hard dollar" units on December 31, which is being co-led by Casimir Capital and Marquest Capital Markets. 

Globex said that as previously announced, the TSX Venture Exchange has already conditionally approved CIM's listing application. The start of trading of CIM on the exchange is conditional on the placement, and standard listing documents, among other items. 

All the funds from the private placement will be used for the 10, 100-per-cent-owned, advanced properties in the Chibougamau area.

Globex, a development-stage, mining exploration company, has a North American portfolio of properties with gold, copper, zinc, silver, platinum, palladium, uranium, rare earth, nickel, magnesium and talc potential.

On Tuesday, joint venture partners Globex and Queenston Mining (TSE:QMI)(OTCQX:QNMNF) said they intersected a wide gold zone at their Wood-Pandora property near Cadillac, Quebec.

Results from the latest program, which included nine holes for 5,601 metres, yielded notable intercepts such as 3.81 g/t gold over 41 metres in hole W12-99B, which includes 32.25 g/t gold over 4.2 metres, at around 450 metres below surface. 

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Wed, 19 Dec 2012 09:52:00 -0500 https://www.proactiveinvestors.com/companies/news/92045/globex-mining-announces-record-date-for-spinout-of-chibougamau-independent-mines-38798.html
<![CDATA[News - Globex Mining and Queenston intersect wide gold zone at Wood-Pandora joint venture ]]> https://www.proactiveinvestors.com/companies/news/92019/globex-mining-and-queenston-intersect-wide-gold-zone-at-wood-pandora-joint-venture-38746.html

Joint venture partners Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) and Queenston Mining (TSE:QMI)(OTCQX:QNMNF) said today they have intersected a wide gold zone at their Wood-Pandora property near Cadillac, Quebec.

Drilling between July and November this year was planned to follow up on encouraging results from last year, including a high grade hole that returned 28.86 grams per tonne (g/t) gold over 4.9 metres within the Cadillac Break. 

Results from the latest program, which included nine holes for 5,601 metres, yielded notable intercepts such as 3.81 g/t gold over 41 metres in hole W12-99B, which includes 32.25 g/t gold over 4.2 metres, at around 450 metres below surface. 

Other key intersections include 16.41 g/t gold over 3.4 metres in hole W12-100, 11.73 g/t gold over 1.3 metres in hole W12-95, and 22.08 g/t gold over 1.0 metre in hole W12-97. 

So far, only a small number of widely-spaced holes have been drilled below a depth of 300 metres, the partners said, adding that properties to the east and west have intersected economic mineralization to depths of 1500 metres.          

The Wood-Pandora property straddles the gold localizing Cadillac Break and is near the LaRonde and Lapa Mines operated by Agnico-Eagle Mines. 

The joint venture asset holds historic inferred mineral resources of 1.43 million tonnes grading 5.3 g/t gold in two deposits - Wood and Central Cadillac. 

In 2008, Globex and Queenston announced an NI 43-101 compliant inferred mineral resource on a new gold discovery - the Ironwood Zone - which amounted to 243,200 tonnes grading 17.3 g/t gold. 

The parties said that gold mineralization at the site occurs across the full width of the Cadillac Break, with the greatest concentrations both within the break and in the adjacent sediments to the north. 

Globex and Queenston said in a joint statement Tuesday that they view the drill results as positive, with further drilling warranted in an effort to outline a significant mineral resource below the No.3 Shaft Zone along the Cadillac Break, which historically produced around 13,000 ounces of gold in the 1930s.                 

Globex has a portfolio of mid-stage exploration and development properties in Ontario and Quebec. It is in the midst of spinning out a tax free dividend to its shareholders in the form of shares in a new company, Chibougamau Independent Mines, which owns a large package of former mines and non NI 43-101 deposits and targets in the Chibougamau mining camp of Quebec.

The company received the final court order for the approval of the spin out yesterday. 

Queenston, meanwhile, is focused on its holdings in the historic Kirkland Lake Gold camp comprising 230 square kilometres. 

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Tue, 18 Dec 2012 11:15:00 -0500 https://www.proactiveinvestors.com/companies/news/92019/globex-mining-and-queenston-intersect-wide-gold-zone-at-wood-pandora-joint-venture-38746.html
<![CDATA[News - Globex Mining gets final court order for spin out of Chibougamau Independent Mines ]]> https://www.proactiveinvestors.com/companies/news/91971/globex-mining-gets-final-court-order-for-spin-out-of-chibougamau-independent-mines-38669.html

Globex Mining (TSE:GMX) (OTCQX:GLBXF) has obtained a final order from the Quebec Superior Court to spin out shares of its Chibougamau Independent Mines (CIM) subsidiary to its shareholders. 

Completion of the spin out is conditional on CIM closing its $10 million private placement financing first announced in October, which is being co-led by Casimir Capital and Marquest Capital Markets. 

Globex said that as previously announced, the TSX Venture Exchange has already conditionally approved CIM's listing application. The start of trading of CIM on the exchange is also conditional on the placement, and standard listing documents, among other items. 

All the funds from the private placement will be used for the 10, 100-per-cent-owned, advanced properties in the Chibougamau area.

Globex, a development-stage, mining exploration company, has a North American portfolio of properties with gold, copper, zinc, silver, platinum, palladium, uranium, rare earth, nickel, magnesium and talc potential.

Earlier this month, the company started prefeasibility study drilling at its Timmins talc magnesite property in Timmins, Ontario. The campaign is made up of around 46 drill holes, or 7,000 metres. The majority of holes in the program will be infill, in order to elevate the first 20 years of potential resource to mineable reserve. 

The preliminary economic assessment report, released in March of this year, was based on an initial 20-year period of mining 500,000 tonnes of ore per year, with total projected sales of $2.6 billion and an after-tax internal rate of return of 20 per cent. 

To advance the project to prefeasibility study stage, Globex is completing infill and geotechnical drilling to upgrade the first 20-year resource to a 20-year reserve, which will be reported in a new NI 43-101 report. The company has also undertaken a series of larger scale tests to further improve recovery costs and product purity, it said. 

Globex is aiming to become a major supplier of "high quality" talc and magnesia to the North American market. The Timmins project was acquired in 2000 by Globex, who now holds a 90-per-cent stake, with the remainder held by Drinkard Metalox. 

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Mon, 17 Dec 2012 09:36:00 -0500 https://www.proactiveinvestors.com/companies/news/91971/globex-mining-gets-final-court-order-for-spin-out-of-chibougamau-independent-mines-38669.html
<![CDATA[News - Globex announces court date for final order motion to spin-out Chibougamau Independent Mines ]]> https://www.proactiveinvestors.com/companies/news/91824/globex-announces-court-date-for-final-order-motion-to-spin-out-chibougamau-independent-mines-38425.html Globex Mining (TSE:GMX) (OTCQX:GLBXF) Monday said the Quebec Superior Court will hear its motion this week for a final order regarding the spin-out of its subsidiary, Chibougamau Independent Mines (CIM).

Shares of the company rose 5.77 per cent on the news, trading at $1.10 as at about 3:15 p.m. EDT.

The motion for the final order on the spinout, initially announced in September, will be heard by the court on December 14.

The company received conditional approval last month from the TSX Venture Exchange to list CIM on the exchange as it completes the proposed spin-out.

With that approval in hand, CIM said then it would begin a $10 million private placement financing it originally announced in October. All the funds will be used for the 10, 100-per-cent-owned, advanced properties in the Chibougamau area.

Completion of the CIM spin-out is conditional upon Globex receiving the final order from the Quebec Superior Court and upon the completion of the private placement.

Globex also announced Monday that it has received an advance income tax ruling from Canada Revenue Agency confirming that the arrangement will be treated as a “tax-deferred butterfly reorganization”, with no material Canadian federal income tax payable by any of CIM or Globex shareholders who hold their shares as capital property. 

The development-stage, mining exploration company has a North American portfolio of properties with gold, copper, zinc, silver, platinum, palladium, uranium, rare earth, nickel, magnesium and talc potential.

Earlier this month, Globex started prefeasibility study drilling at its Timmins talc magnesite property in Timmins, Ontario. 

The campaign will consist of around 46 drill holes, or 7,000 metres. The majority of holes in the program will be infill, in order to elevate the first 20 years of potential resource to mineable reserve. 

The preliminary economic assessment report, released in March of this year, was based on an initial 20-year period of mining 500,000 tonnes of ore per year, with total projected sales of $2.6 billion and an after-tax internal rate of return of 20 per cent. 

To advance the project to prefeasibility study stage, Globex is completing infill and geotechnical drilling to upgrade the first 20-year resource to a 20-year reserve, which will be reported in a new NI 43-101 report. The company has also undertaken a series of larger scale tests to further improve recovery costs and product purity, it said. 

Globex is aiming to become a major supplier of "high quality" talc and magnesia to the North American market. 

The Timmins project was acquired in 2000 by Globex, who now holds a 90-per-cent stake, with the remainder held by Drinkard Metalox. 

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Mon, 10 Dec 2012 15:14:00 -0500 https://www.proactiveinvestors.com/companies/news/91824/globex-announces-court-date-for-final-order-motion-to-spin-out-chibougamau-independent-mines-38425.html
<![CDATA[News - Globex Mining starts prefeasibility drilling at Timmins talc-magnesite property ]]> https://www.proactiveinvestors.com/companies/news/91638/globex-mining-starts-prefeasibility-drilling-at-timmins-talc-magnesite-property-38085.html

Globex Mining (TSE:GMX) (OTCQX:GLBXF) says it has started prefeasibility study drilling at its Timmins talc magnesite property in Timmins, Ontario. 

The company said Monday that two drills are moving onto the site today, with the campaign to consist of around 46 drill holes, or 7,000 metres. 

The majority of holes in the program will be infill, in order to elevate the first 20 years of potential resource to mineable reserve. 

The preliminary economic assessment report, released in March of this year, was based on an initial 20-year period of mining 500,000 tonnes of ore per year, with total projected sales of $2.6 billion and an after-tax internal rate of return of 20%. 

To advance the project to prefeasibility study stage, Globex is now completing infill and geotechnical drilling to upgrade the first 20-year resource to a 20-year reserve, which will be reported in a new NI 43-101 report. 

The company has also undertaken a series of larger scale tests to further improve recovery costs and product purity, it said. 

Globex is aiming to become a major supplier of "high quality" talc and magnesia to the North American market. 

The Timmins project was acquired in 2000 by Globex, who now holds a 90% stake, with the remainder held by Drinkard Metalox. The property is situated in the south half of Deloro Township, Porcupine Mining District, 13 kilometres southeast of Timmins.              

The PEA report was based on an initial mineral resource report on the project from March 2010, which included 12.73 million indicated tonnes at a grade of 52.1 percent magnesite and 35.4 percent talc in the A Zone Core, with 18.78 million inferred tonnes at a grade of 53.1 percent magnesite and 31.7 percent talc.

The optimized open pit shell contains a mineral resource sufficient to support a 60-year mine life, with the PEA only considering the first 20 years of this period. Total operating costs were estimated at $986.5 million for the 20-year mining period or an average of $98.65 per tonne processed.

Globex Mining has a portfolio of exploration properties in Quebec and Ontario.              

Last week, the company said it received conditional approval from the TSX Venture Exchange to list its subsidiary Chibougamau Independent Mines (CIM) on the exchange as it completes the proposed spin-out.

With the approval now in hand, CIM will begin the $10 million private placement financing it announced in October. All the funds will be used for the ten, 100 per cent-owned, advanced properties in the Chibougamau area.

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Mon, 03 Dec 2012 10:05:00 -0500 https://www.proactiveinvestors.com/companies/news/91638/globex-mining-starts-prefeasibility-drilling-at-timmins-talc-magnesite-property-38085.html
<![CDATA[News - Globex Mining receives TSX-V approval to list CIM shares, financing to begin ]]> https://www.proactiveinvestors.com/companies/news/91472/globex-mining-receives-tsx-v-approval-to-list-cim-shares-financing-to-begin-37781.html

Globex Mining Enterprises (TSE:GMX)(OTCQX:GLBXF) says it has received conditional approval from the TSX Venture Exchange to list its subsidiary Chibougamau Independent Mines (CIM) on the exchange as it completes the proposed spin-out.

With the approval now in hand, CIM will begin the $10 million private placement financing it announced in October. All the funds will be used for the ten, 100 per cent-owned, advanced properties in the Chibougamau area.

The private placement will consist of up to 10.46 million "Quebec flow-through" units at a price of 65 cents per unit, and 6.4 million "hard dollar" units at a price of 50 cents each. 

Every flow through unit is made up of one flow through share and one half of a share purchase warrant, while each hard dollar unit consists of one common share and one half of one share purchase warrant. 

Each whole warrant allows the holder to buy another common share at a price of 80 cents for a period of one year from closing. 

The closing of the offering is conditional on Globex completing the spin out of CIM shares to its shareholders.       

Last week, Globex Mining said it held the second close of its private placement financing announced last month, for an additional $934,550 in funds. It will use the new funds for exploration on its properties in Quebec and Ontario, as well as for working capital. 

The company said it can issue a maximum of $5.26 million in flow through shares, and a max of $637,500 in common shares - for total proceeds of around $5.9 million. Earlier this month, Globex held the first close of the private placement financing, raising an increased total of around $3.3 million. 

Also in November, Globex Mining acquired a 100 per cent stake in the former Joutel copper mine in Joutel township, northwestern Quebec. The mine produced 1.32 million tonnes grading 2.16% copper and 378,000 tons grading 8.88% zinc, to a depth of 365 metres, where it was believed that the ore body terminated against the shallowly dipping "upper contact of a batholith", Globex said. 

The addition of the Joutel copper mine property to Globex's land holdings in the area, which include the 100% owned Eagle Gold and Poirier Mines and a large package of prospective claims, gives the company "a dominant position with excellent exploration potential" in the Joutel mining camp.               

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Mon, 26 Nov 2012 13:20:00 -0500 https://www.proactiveinvestors.com/companies/news/91472/globex-mining-receives-tsx-v-approval-to-list-cim-shares-financing-to-begin-37781.html
<![CDATA[News - Globex Mining holds second close of private placement financing, raises another $0.9 mln ]]> https://www.proactiveinvestors.com/companies/news/91375/globex-mining-holds-second-close-of-private-placement-financing-raises-another-09-mln-37602.html

Globex Mining (TSE:GMX) (OTCQX:GLBXF) says it has held the second close of its private placement financing announced last month, for an additional $934,550 in funds. 

The company issued 663,500 flow through shares at a price of $1.30 each, for proceeds of $862,550, and 72,000 common share at a price of $1.05 each for total proceeds of $75,600. 

Globex issued the shares to "accredited investors" in Ontario and Quebec, it said. 

It will use the new funds for exploration on its properties in Quebec and Ontario, as well as for working capital. 

Casimir Capital and Marquest Asset Management are acting as co-lead agents for the private placement, with additional closings of the financing possible until December 6. The company said it could issue a maximum of $5.26 million in flow through shares, and a max of $637,500 in common shares - for total proceeds of around $5.9 million. 

The maximum amount was previously $4.25 million. 

Earlier this month, Globex Mining held the first close of the private placement financing, raising an increased total of around $3.3 million. 

Also in November, Globex Mining acquired a 100 per cent stake in the former Joutel copper mine in Joutel township, northwestern Quebec. The mine produced 1.32 million tonnes grading 2.16% copper and 378,000 tons grading 8.88% zinc, to a depth of 365 metres, where it was believed that the ore body terminated against the shallowly dipping "upper contact of a batholith", Globex said. 

The addition of the Joutel copper mine property to Globex's land holdings in the area, which include the 100% owned Eagle Gold and Poirier Mines and a large package of prospective claims, gives the company "a dominant position with excellent exploration potential" in the Joutel mining camp.

Globex is also in the midst of its proposed spin out of its subisidary Chibougamau Independent Mines (CIM) to its shareholders. The company's shareholders approved the arrangement at a special meeting on October 19, with an affirmative vote of 99.95 per cent. 

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Wed, 21 Nov 2012 11:18:00 -0500 https://www.proactiveinvestors.com/companies/news/91375/globex-mining-holds-second-close-of-private-placement-financing-raises-another-09-mln-37602.html
<![CDATA[News - Globex Mining holds first close of private placement financing, raises $3.3 mln ]]> https://www.proactiveinvestors.com/companies/news/91133/globex-mining-holds-first-close-of-private-placement-financing-raises-33-mln-37200.html

Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) says it has held the first close of its private placement financing announced last month, raising an increased total of around $3.3 million. 

The company issued 2.55 million flow through shares, at a price of $1.30 each, and 20,000 common shares at $1.05 each. 

Globex said it issued the shares to accredited investors in Ontario, Quebec and British Columbia. 

The miner will use the new funds for exploration on its properties in Quebec and Ontario, as well as for working capital. 

Casimir Capital and Marquest Asset Management acted as co-lead agents for the placement, with additional closings to be held until December 6. 

The company said it will issue a maximum of $5.26 million in flow through shares, and $637,500 in common shares, for up to around $5.9 million in total proceeds. 

The maximum amount was previously $4.25 million. 

Earlier this month, Globex Mining acquired a 100 per cent stake in the former Joutel copper mine in Joutel township, northwestern Quebec. The mine produced 1.32 million tonnes grading 2.16% copper and 378,000 tons grading 8.88% zinc, to a depth of 365 metres, where it was believed that the ore body terminated against the shallowly dipping "upper contact of a batholith", Globex said. 

The addition of the Joutel copper mine property to Globex's land holdings in the area, which include the 100% owned Eagle Gold and Poirier Mines and a large package of prospective claims, gives the company "a dominant position with excellent exploration potential" in the Joutel mining camp.

Globex is also in the midst of its proposed spin out of its subisidary Chibougamau Independent Mines (CIM) to its shareholders. The company's shareholders approved the arrangement at a special meeting on October 19, with an affirmative vote of 99.95 per cent. 

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Mon, 12 Nov 2012 13:16:00 -0500 https://www.proactiveinvestors.com/companies/news/91133/globex-mining-holds-first-close-of-private-placement-financing-raises-33-mln-37200.html
<![CDATA[News - Globex Mining acquires historic Joutel copper mine property in Quebec ]]> https://www.proactiveinvestors.com/companies/news/90966/globex-mining-acquires-historic-joutel-copper-mine-property-in-quebec-36931.html

Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) says it has acquired a 100 per cent stake in the former Joutel copper mine in Joutel township, northwestern Quebec. 

The mine produced 1.32 million tonnes grading 2.16% copper and 378,000 tons grading 8.88% zinc, to a depth of 365 metres, where it was believed that the ore body terminated against the shallowly dipping "upper contact of a batholith", Globex said. 

"This being the prevailing geological theory, no effort was made to explore to additional depth as the perceived intersection of a batholith eliminated any potential to depth," it added. 

The company has reviewed the existing geological and structural data, including 3D models done by the Quebec Ministry of Natural Resources.            

Globex said it has concluded that rather than abutting against a batholith, "the Joutel ore body has been cut by a late, cross cutting, shallowly dipping dyke of undetermined thickness.

"If this is the case, there is a possibility, that the dyke bisected the ore body leaving mineralization and good exploration targets below the dyke."

The company is planning to test the potential of this target area, it said. 

The addition of the Joutel copper mine property to Globex's land holdings in the area, which include the 100% owned Eagle Gold and Poirier Mines and a large package of prospective claims, gives the company "a dominant position with excellent exploration potential" in the Joutel mining camp.

Globex is in the midst of its proposed spin out of its subisidary Chibougamau Independent Mines (CIM) to its shareholders. The company's shareholders approved the arrangement at a special meeting on October 19, with an affirmative vote of 99.95 per cent. 

Following this, Globex's motion for a final order in connection with the transaction was continued to a future date by the Quebec Superior Court. 

The company said it will issue a release announcing the hearing date for the final order when it is decided - with the date expected to be in mid-November. A delay to the spin out is not anticipated. 

Globex will transfer its interest in 10 mineral resource properties - known as the Chibougamau Mining Camp - which are subject to a three-per-cent gross metal royalty - together with cash and certain securities to CIM. 

Globex's shareholders will receive one common share of CIM for each share of Globex held on the effective date of the arrangement. 

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Mon, 05 Nov 2012 11:40:00 -0500 https://www.proactiveinvestors.com/companies/news/90966/globex-mining-acquires-historic-joutel-copper-mine-property-in-quebec-36931.html
<![CDATA[News - Globex Mining updates on Chibougamau Independent Mines spin out ]]> https://www.proactiveinvestors.com/companies/news/90859/globex-mining-updates-on-chibougamau-independent-mines-spin-out-36733.html

Globex Mining Enterprises (TSE:GMX)(OTCQX:GLBXF) provided Wednesday an update on its proposed spin out of its subisidary Chibougamau Independent Mines (CIM) to its shareholders. 

The company's shareholders approved the arrangement at a special meeting on October 19, with an affirmative vote of 99.95 per cent. 

Following this, Globex's motion for a final order in connection with the transaction was continued to a future date by the Quebec Superior Court. 

The company said the motion will be heard after it obtains an advance income tax ruling from the CRA confirming its arrangement will be treated as a tax-deferred "butterfly" reorganization, as well as conditional approval for the listing of its subsidiary's shares on the TSX Venture Exchange. 

The hearing of the motion is also contigent on other items. Globex noted that it expects to receive the income tax ruling and conditional listing approval shortly. 

The company said it will issue a release announcing the hearing date for the final order when it is decided - with the date expected to be in mid-November. A delay to the spin out is not anticipated. 

Globex will transfer its interest in 10 mineral resource properties - known as the Chibougamau Mining Camp - which are subject to a three-per-cent gross metal royalty - together with cash and certain securities to CIM. 

Globex's shareholders will receive one common share of CIM for each share of Globex held on the effective date of the arrangement. 

Last week, Globex Mining announced two private placement agreements, one for itself and one for its subsidiary, Chibougamau Independent Mines.

The total amount raised from Globex's offering will be $4.25 million, which will be used for exploration on its properties in Quebec and Ontario, as well as for potential land acquisitions and working capital. 

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Wed, 31 Oct 2012 11:47:00 -0400 https://www.proactiveinvestors.com/companies/news/90859/globex-mining-updates-on-chibougamau-independent-mines-spin-out-36733.html
<![CDATA[News - Globex Mining announces $4.25 mln private placement, and $10 mln financing for Chibougamau Independent Mines subsidiary ]]> https://www.proactiveinvestors.com/companies/news/90711/globex-mining-announces-425-mln-private-placement-and-10-mln-financing-for-chibougamau-independent-mines-subsidiary-36492.html

Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) announced Thursday two private placement agreements, one for itself and one for its subsidiary, Chibougamau Independent Mines.

Under the first agreement, Globex has signed an engagement letter with Marquest Asset Management, as a co-lead agent with Casimir Capital, for a private placement of up to 2.78 million flow through shares at a price of $1.30 each, for maximum gross  proceeds of $3.6 million. 

This placement also includes up to 607,142 common shares at a price of $1.05 per share, for maximum gross proceeds of $637,500. 

The total amount raised from the offering will be $4.25 million, which will be used for exploration on its properties in Quebec and Ontario, as well as for potential land acquisitions and working capital. 

The company noted that purchasers of the so-called "flow-through" shares will be entitled to claim a 100 per cent deduction of the amount of their subscription for Canadian federal and Quebec provincial tax purposes for the 2012 taxation year. 

This offering is expected to close in early November.                 

In addition, Globex's Chibougamau subsidiary has signed an engagement letter with the same agents for a private placement of up to 10.5 million flow through units at a price of 65 cents each, and up to 6.4 million "hard dollar" units at a price of 50 cents each, for total maximum gross proceeds of $10 million. 

Each of the "flow-through" units and "hard-dollar" units will be comprised of one common share of the subsidiary, and one-half of a share purchase warrant. Every full warrant will allow the holder to buy one additional share at a price of 80 cents each for a period of one year. 

These proceeds will be used for exploration on Chibougamau's properties in Quebec, and for working capital. This offering is expected to close in mid-December. 

Both deals are subject to regulatory approvals, and standard closing conditions. 

Chibougamau's placement is conditional on Globex completing the spin out of the subsidiary, as announced last month, as well as Chibougamau obtaining a listing for its shares on the TSX Venture Exchange. 

In September, Globex said it snagged an interim order from the Quebec Superior Court for the spin-out of its subsidiary Chibougamau Independent Mines to its shareholders.

Globex said its board of directors believes that the deal will “enhance shareholder value” by allowing each company to focus on exploring and developing its own mineral projects. 

Once the terms of the arrangement are decided, Globex will transfer its interest in 10 mineral resource properties - known as the Chibougamau Mining Camp - which are subject to a three-per-cent gross metal royalty - together with cash and certain securities to CIM. 

Globex's shareholders will receive one common share of CIM for each share of Globex held on the effective date of the arrangement. 

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Thu, 25 Oct 2012 11:24:00 -0400 https://www.proactiveinvestors.com/companies/news/90711/globex-mining-announces-425-mln-private-placement-and-10-mln-financing-for-chibougamau-independent-mines-subsidiary-36492.html
<![CDATA[News - Globex gets interim order for spin-out of Chibougamau Independent Mines ]]> https://www.proactiveinvestors.com/companies/news/89706/globex-gets-interim-order-for-spin-out-of-chibougamau-independent-mines--34897.html  

Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) Wednesday said it has snagged an interim order from the Quebec Superior Court for the spin-out of its subsidiary Chibougamau Independent Mines Inc. (CIM) to its shareholders.

Globex said its board of directors believes that the deal will “enhance shareholder value” by allowing each company to focus on exploring and developing its own mineral projects. 

Shares of Globex were halted immediately prior to the announcement earlier this morning, and recently resumed trading. Its stock was down over 9 per cent as of 11am ET today.

A special meeting of shareholders will be held in Toronto on October 19, where Globex shareholders will be asked to consider approval of the transaction.  

Once the terms of the arrangement are decided, Globex will transfer its interest in 10 mineral resource properties - known as the Chibougamau Mining Camp - which are subject to a three-per-cent gross metal royalty - together with cash and certain securities to CIM. 

The company said its shareholders will receive one common share of CIM for each share of Globex held on the effective date of the arrangement. 

Globex noted that registered shareholders holding fewer than 100 shares will receive a cash payment instead of CIM shares, the amount of which will be based on the volume-weighted average trading price of CIM's shares on their first day of trading. 

The company said it will continue to hold its several other mineral resource properties as well as most of its cash and securities.

The properties comprising the Chibougamau Mining Camp are located within the Abitibi - Chibougamau Mining District in Lemoine, McKenzie, Obalski and Roy Townships, Quebec. 

The Camp is comprised of 159 mining claims and 116 cells covering about 6,554 hectares or about 65.54 square kilometres.

Globex said CIM is currently organizing a financing, the proceeds of which will be used to carry out its recommended exploration program.

Both CIM and Globex will announce the details of the proposed financing when they are established, they said.

Globex Mining Enterprises is a development-stage Canadian mining exploration company with a North American portfolio of mid-stage exploration and development properties containing a range of precious metals, base metals, specialty metals, and industrial minerals and compounds.

 

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Wed, 19 Sep 2012 10:56:00 -0400 https://www.proactiveinvestors.com/companies/news/89706/globex-gets-interim-order-for-spin-out-of-chibougamau-independent-mines--34897.html
<![CDATA[News - Globex Mining and Queenston Mining start 5,200 metre drill program at Wood Pandora property ]]> https://www.proactiveinvestors.com/companies/news/87771/globex-mining-and-queenston-mining-start-5200-metre-drill-program-at-wood-pandora-property-31748.html Globex Mining Enterprises (TSE:GMX)(OTCQX:GLBXF) and Queenston Mining (TSE:QMI) (OTCQX:QNMNF) said Tuesday that they are starting an eight-hole, 5,200 metre diamond drill program on the Wood Pandora joint venture property near Cadillac, Quebec.

The 50/50 split Wood Pandora property straddles the gold localizing Cadillac Break and is near the LaRonde Mine property operated by Agnico-Eagle Mines Inc (TSE:AEM) (NYSE:AEM).

The project hosts historic inferred mineral resources of 1.43 million tonnes grading 5.3 grams per tonne (g/t) gold in two deposits, Wood and Central Cadillac.

In 2008, the joint venture announced an NI 43-101 inferred mineral resource on a new gold discovery, called the Ironwood Zone, amounting to 243,200 tonnes grading 17.3 g/t gold.

Globex and Queenston also announced the results of a four-hole drill program in the fall of last year, near the no.3 shaft on the Pandora portion of the property.
     
All holes encountered significant gold mineralization, the companies said, with the deepest hole, W-11-92, intersecting 4.9 metres grading 28.86 g/t gold within the Cadillac Break at around 350 metres below surface.            

A follow up drill program was recommended to target the Cadillac Break in the vicinity of the W-11-92 hole, where the mineralization remains open both east and west along strike and to depth.

"It is important to note that the Lapa Gold deposit currently being mined by Agnico-Eagle occurs on the Cadillac Break 3 km to the east and the Lapa deposit begins at a vertical depth similar to the depth of the mineralization encountered in JV hole W-11-92," Globex and Queenston said in a statement.

Last week, Globex announced the second closing of its previously announced private placement, raising $453,000 in gross proceeds.
               
Globex said it will put the proceeds toward exploration on some of its properties in Quebec and Ontario. As last Wednesday, the company had raised an approximate total of $1.75 million in the private placement financing.

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Tue, 10 Jul 2012 14:48:00 -0400 https://www.proactiveinvestors.com/companies/news/87771/globex-mining-and-queenston-mining-start-5200-metre-drill-program-at-wood-pandora-property-31748.html
<![CDATA[News - Globex Mining Enterprises announces second close of private placement financing ]]> https://www.proactiveinvestors.com/companies/news/87575/globex-mining-enterprises-announces-second-close-of-private-placement-financing-31445.html Globex Mining Enterprises (TSE:GMX)(OTCQX:GLBXF) announced Wednesday the second closing of its previously announced private placement, raising $453,000 in gross proceeds.

The miner issued 348,599 “flow-through” shares at a cost of $1.30 each to accredited investors in Quebec and Ontario.

Globex said it will put the proceeds toward exploration on some of its properties in those provinces. As of now, the company has raised an approximate total of $1.75 million in the private placement financing.

Industrial Alliance Securities is lead agent for the placement, which is in a maximum amount of $3.15 million, the company said.

The Quebec-based company reported last Friday that drilling is scheduled to start within the next week on eight priority targets at its Turner Falls rare earths property in Quebec.

Globex said that extensive surface sampling, geological mapping and geophysical surveys have outlined a number of areas of mineralization, with high, heavy and light rare earth values.

The company completed a mapping, geophysics, and limited stripping and sampling program on the property in the summer and fall seasons of last year.

The program, which was intended to sample a historical rare earth showing indicated from government geological files, involved the testing of 331 rock samples and 139 boulder samples.

The highest grade returned from a single sample found 9.29 per cent total rare earth oxide (TREO). Meanwhile, another single sample returned 1.32 per cent heavy rare earth oxide (HREO). HREOs are rarer and more valuable than light REOs.

The Turner Falls property consists of 16 contiguous claims totaling 942-hectares and rests mainly in the Villedieu Township, Quebec.

Globex has a North American portfolio of mid-stage exploration and development properties containing a range of precious metals, base metals, specialty metals, and industrial minerals and compounds.

Shares of Globex traded at $1.17 Wednesday morning.

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Wed, 04 Jul 2012 10:51:00 -0400 https://www.proactiveinvestors.com/companies/news/87575/globex-mining-enterprises-announces-second-close-of-private-placement-financing-31445.html
<![CDATA[News - Globex Mining says drilling to start at Turner Falls shortly ]]> https://www.proactiveinvestors.com/companies/news/87500/globex-mining-says-drilling-to-start-at-turner-falls-shortly-31269.html Globex Mining Enterprises (TSE:GMX)(OTCQX:GLBXF) said Friday that drilling is scheduled to start within the next week on eight priority targets at its Turner Falls rare earths property in Quebec.

The miner said that extensive surface sampling, geological mapping and geophysical surveys have outlined a number of areas of mineralization, with high, heavy and light rare earth values.

The Quebec-based company completed a mapping, geophysics, and limited stripping and sampling program on the property in the summer and fall seasons last year.

The program, which was intended to sample a historical rare earth showing indicated from government geological files, involved the testing of 331 rock samples and 139 boulder samples.

The highest grade returned from a single sample found 9.29 per cent total rare earth oxide (TREO).

Meanwhile, another single sample returned 1.32 per cent heavy rare earth oxide (HREO). HREOs are rarer and more valuable than light REOs.

The Turner Falls property consists of 16 contiguous claims totaling 942-hectares and rests mainly in the Villedieu Township, Quebec.

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Fri, 29 Jun 2012 12:05:00 -0400 https://www.proactiveinvestors.com/companies/news/87500/globex-mining-says-drilling-to-start-at-turner-falls-shortly-31269.html
<![CDATA[News - Globex Mining announces first close of private placement, raises $1.3 mln ]]> https://www.proactiveinvestors.com/companies/news/86926/globex-mining-announces-first-close-of-private-placement-raises-13-mln-30312.html Globex Mining Enterprises (TSE:GMX) announced late Friday a first closing of its previously announced private placement, raising $1.3 million in gross proceeds.

The miner issued 998,538 “flow-through” shares priced at $1.30 per share to accredited investors in both Quebec and Ontario.

Globex plans to use the new funds to finance exploration on some of its properties in Quebec.

Industrial Alliance Securities is acting as lead agent for the up to $3.3 million financing. Additional closings for the private placement may be held until June 26, the company said.

The issued shares are subject to a four-month hold period, which expires on October 9.

Last month, Quebec-focused Globex announced a drill update on its claims being optioned by Richmont Mines (TSE:RIC).

The claims, optioned by Richmont from Globex, rest next to Richmont's Wasamac acreage, 15 kilometres west of Rouyn-Noranda, Quebec, in the heart of the Abitibi gold mining district.

Richmont said at the time that 4,222 metres of drilling had been completed in five holes on Globex claims. The miner also said that three drill holes indicated a new gold discovery at the western boundary of the Globex-optioned claims.

Richmont hit 7.09 grams per tonne (g/t) gold over 5.22 metres. This included 1.87 g/t gold over 9.24 metres and 4.07 g/t gold over 4.44 metres in the newly discovered zone 4, “which is located on the boundary of the Wasamac property and Globex option.”

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Mon, 11 Jun 2012 12:02:00 -0400 https://www.proactiveinvestors.com/companies/news/86926/globex-mining-announces-first-close-of-private-placement-raises-13-mln-30312.html
<![CDATA[News - Globex moving "dilligently forward" on assets, issues update ]]> https://www.proactiveinvestors.com/companies/news/86616/globex-moving-dilligently-forward-on-assets-issues-update-29835.html Globex Mining (TSE:GMX) Wednesday issued a comprehensive update on its corporate activities for its shareholders.

The Quebec-based company seeks to create shareholder value by acquiring mineral properties, enhancing them and either exploring, optioning or joint venturing them, developing them to production, or in some cases selling projects outright.

The company said that it had cash, negotiable securities and shares in other companies valued in total at $3.4 million.

In addition, as announced on May 23, the company agreed to raise an additional $3.2 million principally at $1.30 per share, in order to explore a number of projects in Quebec and Ontario.

"The state of the junior exploration sector is in disarray. Shareholders and investors are deeply concerned about their investments, the markets, metal prices, the economy, the banking system - pretty much everything," Globex Mining's president and CEO Jack Stoch said, commenting on the current market environment.

At its Timmins, Ontario talc/magnesite project, Globex said it will do infill drilling in order to raise the resource classification to reserve as required for completion of the prefeasibility study.

Detailed analyses, both chemical and mineralogical, will be carried out to better define the mineral zonation of the ore to allow for more directed mining.

In March, the company unveiled a preliminary economic assessment for the project, which showed the project will generate
$2.58 billion in gross revenue over the initial 20-year period with an after-tax internal rate of return of approximately 20 percent and a net present value of $258 million at an 8 percent discount rate.

Capital costs for the talc/magnesite project are estimated at $335 million over six years.

Permitting continues at the mine site of the potential open pit with the various testing, permit applications and other negotiations ongoing.

As part of moving the talc/magnesite project forward, Globex has hired David Hall as project manager. Hall is a mineral process engineer who has over 27 years experience in mineral process engineering as well as a broad exposure to base metals, precious metals and industrial minerals.

At the company's Turner Falls Rare Earth Property in Quebec, Globex has completed mapping, geophysics, sampling and analysis of samples from the property which has led to the identification of at least 6 large areas of high-grade rare earth mineralization as well as yttrium, zirconium, hafnium and niobium.

Globex has defined an initial drill program of 8 strategically located drill holes in order to confirm the width, depth, dip and mineralogy of the zones. The program will be helicopter-supported in order to eliminate the need to cut an access road at this point in time.

Globex has also been actively acquiring properties.

Amongst its latest acquisitions in Quebec, Globex staked the Guyenne gold and base metal property; the Tiblemont gold claims
including the Blair gold showing; the Fecteau Lake gold and base metal property; the Dollier gold property south of Chibougamau
and the Lake Jaune gold property beside and on strike with TomaGold Corporation’s Monster Lake gold property.

"Globex, like most junior exploration companies, has seen downward pressure on our stock price, both from the flow-through funds continuously selling into the market due to redemptions, and from the overall atmosphere of fear dominating the market.

"In this atmosphere we have a choice: Batten down the hatches and weather the storm or forge ahead despite the obstacles.

"We view inaction as negative for our shareholders. Delays for our talc/magnesite project would mean loss of important personnel already engaged for the project and eventually delayed production. Priority exploration targets would not be explored."

"All in all we have been very busy and expect the current pace to continue. We hope shareholders will agree that moving diligently forward is the correct path to follow."

The company has a diversified portfolio of mid-stage exploration and development properties containing precious metals, base metals, specialty metals and industrial minerals and compounds.

A full update on all of Globex's properties can be found at http://www.globexmining.com.

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Wed, 30 May 2012 13:15:00 -0400 https://www.proactiveinvestors.com/companies/news/86616/globex-moving-dilligently-forward-on-assets-issues-update-29835.html
<![CDATA[News - Globex to raise $3.15 mln through private placement financing ]]> https://www.proactiveinvestors.com/companies/news/86454/globex-to-raise-315-mln-through-private-placement-financing-29553.html Globex Mining Enterprises (TSE:GMX) said Thursday that it plans to raise $3.15 million through a private placement and use funds to advance exploration on its properties.

The explorer plans to sell 2.3 million flow-through shares priced at $1.30 apiece and also plans to sell an extra 139,535 common shares.

Proceeds from the offering will be used for exploration on its properties in Quebec and Ontario as well as for land acquisition and working capital purposes.

Industrial Alliance Securities Inc. will act as lead agent for the private placement, the company said in a statement.

The securities issued will have a four-month hold period. The placement, which is subject to regulatory approval, is expected to close on June 4.

Earlier this month, Globex announced a drilling update on its claims being optioned by Richmont Mines (TSE:RIC).

The claims optioned by Richmont from Globex rest next to Richmont's Wasamac acreage, 15 kilometres west of Rouyn-Noranda, Quebec, in the heart of the Abitibi gold mining district.

Richmont said that to date, 4,222 metres of drilling has been completed in five holes on Globex claims.

The miner also said that three drill holes indicated a new gold discovery at the western boundary of the Globex-optioned claims.

Richmont hit 7.09 grams per tonne (g/t) gold over 5.22 metres. This includes 1.87 g/t gold over 9.24 metres and 4.07 g/t gold over 4.44 metres in the newly discovered zone 4, “which is located on the boundary of the Wasamac property and Globex option.”

Globex Mining’s stock was flat at $1.06 apiece on the Toronto Stock Exchange.

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Thu, 24 May 2012 11:47:00 -0400 https://www.proactiveinvestors.com/companies/news/86454/globex-to-raise-315-mln-through-private-placement-financing-29553.html
<![CDATA[News - Globex Mining says optionee Richmont reports significant gold intercepts in new zone ]]> https://www.proactiveinvestors.com/companies/news/85989/globex-mining-says-optionee-richmont-reports-significant-gold-intercepts-in-new-zone-28799.html Globex Mining (TSE:GMX)(OTCQX:GLBXF) announced Tuesday a drilling update on its claims being optioned by Richmont Mines (TSE:RIC) as per an agreement signed in May of last year.

The claims being optioned by Richmont from Globex are located adjacent to Richmont's Wasmac property, 15 kilometres west of Richmont's headquarters in Rouyn-Noranda, Quebec, in the heart of the Abitibi gold mining district.

As of December 31, 2011, the Wasamac property had estimated measured and indicated resources of 6.7 million tonnes grading 2.56 g/t gold for 556,385 ounces of gold, and inferred resources of 25.6 million tonnes grading 2.58 g/t gold for 2.13 million ounces of gold.

Richmont said today that to date, 4,222 metres of drilling has been completed in 5 holes on the Globex claims.

The miner also said that three drill holes indicated a new gold discovery at the western boundary of the Globex-optioned claims.

Richmont said it hit 7.09 grams per tonne (g/t) gold over 5.22 metres, 1.87 g/t gold over 9.24 metres and 4.07 g/t gold over 4.44 metres in the newly discovered Zone 4, "which is located on the boundary of the Wasamac property and Globex option".
               
The newly discovered Zone 4 is open to the east and depth down dip and plunge on the Globex claims, Richmont said.

Richmont further stated in its statement that the company's 2012 drilling program will include approximately 55,000 metres, and will now focus "primarily on the Main Zone, Zone 3 extension and the optioned Globex claims."
               
Richmont also said Tuesday that it drilled 6.40 g/t gold over 52.8 metres on the Main Zone at Wasamac, as well as 2.83 g/t gold over 71.76 metres and 4.61 g/t gold over 34.94 metres.

Under the deal with Richmont, Globex received a $500,000 cash payment upon signing. Richmont has the right to make additional payments of $500,000 by November 2012, and $2.0 million plus 500,000 Richmont shares by May 2014, in order to secure a 100 percent interest in the Globex claims.

Should Richmont acquire the full stake, Globex will maintain a three percent Gross Metal Royalty (GMR) on all production from the property.

Richmont will also pay Globex an annual advance royalty of $50,000 per year until commercial production.

Globex said Tuesday it is "pleased" with the results obtained to date and "looks forward to further results from the continuing drill program."

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Tue, 08 May 2012 12:00:00 -0400 https://www.proactiveinvestors.com/companies/news/85989/globex-mining-says-optionee-richmont-reports-significant-gold-intercepts-in-new-zone-28799.html
<![CDATA[News - Globex Mining unveils 2011 results from Mooseland, updated resource expected ]]> https://www.proactiveinvestors.com/companies/news/84475/globex-mining-unveils-2011-results-from-mooseland-updated-resource-expected-26188.html Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) unveiled Tuesday the most recent drill results from NSGold Corp's (CVE:NSX) 2011 drill program on Globex's Mooseland royalty property in Nova Scotia.

Yesterday, NSGold separately announced the results of the final six drill holes, with notable assays including 22.9 grams per tonne (g/t) of gold over 1.0 metre in hole NSG-36-11.

Other signficant results from the same hole included 15.4 g/t gold over 1.0 metre and 16.7 g/t gold over 0.8 metres, as well as 10.8 g/t gold over 0.6 metres in hole NSG-41-11.

In addition, hole NSG-38-11 hit 1.0 metre at 7.4 g/t gold and 8.84 g/t gold over 0.5 metres.

Globex said the results are typical of the distribution of erratic free gold in Meguma quartz vein systems.

The 2011 drill program results will be included into a new resource estimate, to be completed by MineTech International.

In June 2011, MineTech estimated an inferred gold resource of 2.5 million tonnes grading 4.9 g/t gold for 390,000 troy ounces of gold.

Globex maintains a four percent gross metal royalty on all production from the Mooseland gold property and has the right to receive five percent of NSGold shares once production has started.

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Tue, 13 Mar 2012 11:35:00 -0400 https://www.proactiveinvestors.com/companies/news/84475/globex-mining-unveils-2011-results-from-mooseland-updated-resource-expected-26188.html
<![CDATA[News - Globex Mining agrees to option 100% of Duparquet assets to Xmet ]]> https://www.proactiveinvestors.com/companies/news/84247/globex-mining-agrees-to-option-100-of-duparquet-assets-to-xmet-25807.html Globex Mining Enterprises (TSE:GMX) said Monday that it, along with its joint venture partner, Geoconseils Jack Stoch Ltée, have agreed to option their full interest in Duparquet Assets to Xmet (CVE:CME), in a deal valued at about $9.0 million.

Duparquet Assets, a 50-50 joint venture (JV) between Globex and Geoconseils, owns the Duquesne West and Ottoman Fault properties in the Abitibi region of Quebec.

The original option agreement saw the JV relinquish just 75 percent of the assets. However, under the terms of the new option agreement, the companies will sell off 100 percent of Duparquet Assets in exchange for one of two cash payment scenarios.

Globex and Geoconseils will receive either a single cash payment of $9.0 million within six months of signing the new agreement, subject to a sliding scale gross metal royalty (GMR) of up to three percent; or a single cash payment of $6.5 million within six months of signing the new agreement, plus one of four payment options.

Those options will see the JV receive either $2.5 million in cash within one year of the agreement, $2.6 million in cash within two years of the agreement, $2.7 million in cash within three years of the agreement, or $2.8 million in cash within four years of the agreement.

Under the second payment scenario, should Xmet choose not to make one of the four cash payment options, Globex and Geoconseils will retain a 25 percent carried interest in the company, plus the three percent royalty. If the option is carried out, Globex and Geoconseils will commence pro rata contributions toward production, following the delivery of a bankable feasibility study by Xmet.

The new agreement eliminates Xmet's obligation to carry out another $6 million in work obligations over the next four years, as well as its annual five percent of carrying costs.

In October 2011, Xmet reported an NI 43-101 compliant inferred resource of 4.17 million tonnes at an average grade of 5.2 g/t gold at the property, hosting 727,000 ounces of gold. The report was prepared by Watts, Griffis, McOuat Ltd.

Xmet said it has completed 9,000 metres of its fully funded 13,000-metre phase two diamond drilling program on Duquesne-Ottoman, which aims to expand the resource beyond the current compliant amount.

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Mon, 05 Mar 2012 15:26:00 -0500 https://www.proactiveinvestors.com/companies/news/84247/globex-mining-agrees-to-option-100-of-duparquet-assets-to-xmet-25807.html
<![CDATA[News - Globex Mining unveils PEA for Timmins talc-magnesite project, 20% after-tax IRR ]]> https://www.proactiveinvestors.com/companies/news/84187/globex-mining-unveils-pea-for-timmins-talc-magnesite-project-20-after-tax-irr-25715.html Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) unveiled Friday the "positive" results of a preliminary economic assessment (PEA) on its large Timmins talc-magnesite project, located 13 kilometres south of Timmins, Ontario.

The company said the results of the PEA support completing a feasibility study, including a program of infill drilling to upgrade the known resource to reserve status.

Technical studies to permit production at the mine site have been underway for over a year, Globex added.
The economic study, completed by Jacobs Minerals Canada and Micon International, estimated a net present value of $258.0 million, after tax and at a discount rate of eight percent, with a 20 percent internal rate of return and a payback period of 5.8 years.

The model assumes the first 20 years of mining, and a process feed rate of 500, 000 tonnes per year, with strip ratios averaging 2.4 to produce high-brightness talc and magnesium oxide.

The study was constructed around a conceptual open pit mining model assuming contract mining, crushing and haulage to a nearby processing plant.

The average grade for the first 10 years was calculated at 34.6 percent talc and 52.4 percent magnesite, Globex said.
Total operating costs were estimated at $986.5 million for the 20-year mining period or an average of $98.65 per tonne processed.

Total pre-production capital expenditures are seen at $268.4 million over a two year period, excluding working capital. Total sustaining capital was estimated at $64.9 million.

In addition, working capital of $16.0 million, the equivalent of four months of operating costs, has been set to be maintained throughout the production period.

The company said total gross sales over the first 20 years, of a total mine of 60 plus years, were projected at $2.58 billion from talc production of 2.47 million tonnes and magnesia output of 2.38 million tonnes.

These calculations assume a $500 per tonne talc sales price, and a $570 per tonne magnesia sales price.

The cash operating margin averages 61 percent over the initial 20-year period, Globex said.

The PEA report was based on an initial mineral resource report on the project from March 2010, which included 12.73 million indicated tonnes at a grade of 52.1 percent magnesite and 35.4 percent talc in the A Zone Core, with 18.78 million inferred tonnes at a grade of 53.1 percent magnesite and 31.7 percent talc.

In addition, the A Zone Fridge holds another 5.0 million tonnes of inferred resources, grading 34.2 percent magnesite and 33.4 percent talc.

The optimized open pit shell contains a mineral resource sufficient to support a 60-year mine life, with the PEA only considering the first 20 years of this period, Globex said.

Globex also noted that the mangesia leach and decomposition process has not yet been demonstrated at the scale of the proposed commercial production plant.

The company plans to continue to work together with provincial and municipal authorities, and the First Nations and the Métis Nation of Ontario for the project. 

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Fri, 02 Mar 2012 11:00:00 -0500 https://www.proactiveinvestors.com/companies/news/84187/globex-mining-unveils-pea-for-timmins-talc-magnesite-project-20-after-tax-irr-25715.html
<![CDATA[News - Globex drills 128.38 g/t gold over 1 metre at North Star property ]]> https://www.proactiveinvestors.com/companies/news/83393/globex-drills-12838-gt-gold-over-1-metre-at-north-star-property-24431.html Globex Mining Enterprises (TSE:GMX) said Thursday it intersected over 128 grams per tonne (g/t) gold over one metre on its wholly owned North Star gold property, located in Isaac's Harbour, Nova Scotia.

The drill result is from one of three diamond drill holes completed at the property, which cover a combined 811 metres.

Drilled to a depth of 536 metres, hole GNS-11-2 intersected one metre grading 128.38 g/t gold, and also intersected one metre grading 24.53 g/t gold.

Meanwhile, hole GNS-11-1, which was drilled to a depth of 139 metres, encountered two occurrences of visible gold, but returned only low-grade assays of 0.7 g/t gold over 1.05 metres, and 0.68 g/t gold over one metre, the company said.

These two holes were intended to test historical results completed in 1999 by Indocan Resources.

Hole GNS-11-3, however, was intended to test a magnetic anomaly encountered on the property by Globex in 2010. Drilled to a depth of 136 metres, the hole intersected no gold values, Globex said.

The Isaac's Harbour region of Nova Scotia is known to host numerous gold-bearing quartz veins, including three that run through Globex claims. The area had seen production during the late 1800s and early 1900s.

In January, Globex announced high-grade results from its wholly-owned Turner Falls rare earths project in Quebec.

Many of those samples returned high grades. The highest grade returned from a single sample found 9.29 percent total rare earth oxide (TREO).

Meanwhile, another single sample returned 1.32 percent heavy rare earth oxide (HREO) HREOs are rarer and more valuable than light REOs.

Rouyn-Noranda, Quebec-based Globex Mining is a development-stage Canadian mining exploration company with a North American portfolio of properties with gold, copper, silver, platinum, uranium, rare earth, nickel, magnesium and talc potential.

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Thu, 02 Feb 2012 15:49:00 -0500 https://www.proactiveinvestors.com/companies/news/83393/globex-drills-12838-gt-gold-over-1-metre-at-north-star-property-24431.html
<![CDATA[News - Globex reports up to 9.29% TREO in grab samples at Turner Falls in Quebec ]]> https://www.proactiveinvestors.com/companies/news/82874/globex-reports-up-to-929-treo-in-grab-samples-at-turner-falls-in-quebec-23597.html Globex Mining Enterprises (TSE:GMX) reported Tuesday best results from its grab sampling program at its wholly-owned Turner Falls rare earths project in Quebec.

The Quebec-based company completed a mapping, geophysics, and limited stripping and sampling program on the property in the summer and fall seasons last year.

The program, which was intended to sample a historical rare earth showing indicated from government geological files, involved the assaying of 331 rock samples and 139 boulder samples.

Many of the samples returned high grades. The highest grade returned from a single sample found 9.29 percent total rare earth oxide (TREO).

Meanwhile, another single sample returned 1.32 percent heavy rare earth oxide (HREO) HREOs are rarer and more valuable than light REOs.

The Turner Falls property consists of 16 contiguous claims totaling 942-hectares and rests mainly in the Villedieu Township, Quebec.

"We are very pleased with the progress achieved to date and are now considering various alternative approaches to continuing the project including but not limited to a diamond drill campaign, stripping and trenching the mineralized trends, or joint venturing or optioning the project," Globex said in a statement.

Globex Mining is a development-stage Canadian mining exploration company with a North American portfolio of properties with gold, copper, silver, platinum, uranium, rare earth, nickel, magnesium and talc potential.

In Toronto, Globex shares rose 15.2 percent to $1.44, as of 2:04 pm EDT.

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Tue, 17 Jan 2012 15:08:00 -0500 https://www.proactiveinvestors.com/companies/news/82874/globex-reports-up-to-929-treo-in-grab-samples-at-turner-falls-in-quebec-23597.html
<![CDATA[News - Globex Mining provides Turner Falls exploration update ]]> https://www.proactiveinvestors.com/companies/news/81992/globex-mining-provides-turner-falls-exploration-update-22137.html Globex Mining Enterprises (TSE:GMX) said Tuesday that over the late summer and fall seasons, the company undertook ground work and geophysical surveys on the Turner Falls rare earths property in the Kipawa area of Quebec.

Shares were up six cents, or 3.90 percent, to trade at $1.60 today on the Toronto Stock Exchange.

The Turner Falls property consists of 16 contiguous claims totalling 942-hectares and rests mainly in the Villedieu Township, Quebec.

Globex said more than 550 new data points of detailed geological observations were recorded and 230 new rock samples – both mineralized and un-mineralized rocks – were collected.

Of the 230 samples, roughly 51 grab samples were above the upper detection limit measurable using a mass spectroscopy method.

However, the company said these samples must be re-analyzed to accurately define the high assays by using four percent nitric acid dissolution. The company noted that grab samples are selective samples, and in this case, taken for assay due to anomalous readings taken in the field.

Globex said it will release results after the re-assays have been received and compiled.

In addition, the company said it discovered 10 new outcroppings of rare earths-bearing mineralization on top of those already located.

Globex Mining is a development-stage Canadian mining exploration company with a North American portfolio of properties with gold, copper, silver, platinum, uranium, rare earth, nickel, magnesium and talc potential.

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Tue, 06 Dec 2011 14:53:00 -0500 https://www.proactiveinvestors.com/companies/news/81992/globex-mining-provides-turner-falls-exploration-update-22137.html
<![CDATA[News - Globex strikes deal to option-off Fontana gold project in Quebec ]]> https://www.proactiveinvestors.com/companies/news/81457/globex-strikes-deal-to-option-off-fontana-gold-project-in-quebec-21117.html Globex Mining (TSE:GMX) says it has reached a definitive agreement to option its Fontana gold project in Quebec to Tres-Or Resources (CVE:TRS) in a deal worth $1.6 million.

The Rouyn-Noranda, Quebec-based company gained 6 cents, or 3.68 percent, to reach $1.69 per share Tuesday afternoon on the Toronto Stock Exchange.

Under the deal, Tre-Or will pay Globex $400,000 and will buy back a production royalty for $1.2 million over seven years. Tre-Or has already paid Globex a $25,000 non-refundable deposit.

In return, Tre-Or would acquire a 75 percent stake in 16 claims plus a 100 percent interest in a further six claims, collectively known as the Fontana gold project.

The Fontana property is northeast of Amos in Duverny Township in northwestern Quebec, and is near Tres-Or's advanced Duvay gold project, also under option from Globex.

Globex Mining is a development-stage Canadian mining exploration company with a North American portfolio of properties with gold, copper, silver, platinum, uranium, rare earth, nickel, magnesium and talc potential.

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Tue, 15 Nov 2011 14:19:00 -0500 https://www.proactiveinvestors.com/companies/news/81457/globex-strikes-deal-to-option-off-fontana-gold-project-in-quebec-21117.html
<![CDATA[News - Globex Mining closes $530,000 private placement ]]> https://www.proactiveinvestors.com/companies/news/80712/globex-mining-closes-530000-private-placement-19898.html Globex Mining Enterprises (TSE:GMX) announced Wednesday that it has completed a private placement raising $530,000, and plans to use the funds for exploration on its projects in Canada.

The miner sold 200,000 flow-through shares for a cost of $2.65 a share to three accredited investors residing in Ontario, the company said in a statement.

Globex paid no commission, and did not issue any warrants or broker warrants tied to the financing. However, the securities issued have a hold period that expires on February 19, 2012.

Proceeds will be used for exploration on its projects in Quebec, Ontario, Nova Scotia as well as New Brunswick.

In other news, Globex said that with regards to its royalty interest in the Getty lead-zinc deposit in Nova Scotia – which is owned by Selwyn Resources (CVE:SWN) – it expects to see delay in development and potential royalty payments, as Selwyn announced earlier this week it terminated a proposed $30 million senior bond financing.

Globex Mining is a development-stage Canadian mining exploration company with a North American portfolio of properties with gold, copper, zinc, silver, platinum, uranium, rare earth, nickel, magnesium and talc potential.

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Wed, 19 Oct 2011 16:09:00 -0400 https://www.proactiveinvestors.com/companies/news/80712/globex-mining-closes-530000-private-placement-19898.html
<![CDATA[News - Globex provides updates, several projects advance ]]> https://www.proactiveinvestors.com/companies/news/80559/globex-provides-updates-several-projects-advance-19642.html Globex Mining Enterprises (TSE:GMX) provided updates to several of its properties and assets on Thursday, including the recently released results of its Woodstock mine in New Brunswick.

At its wholly owned Timmins Talc-Magnesite project, located 13 kilometres southeast of Timmins, Ontario, Globex is continuing with its prefeasibility study (PFS). Primary costing and process design have been received. The company said it has decided to undertake large scale testing of this process technology, as well as two other process technologies identified that could results in cost savings.  A nine tonne bulk sample has been taken and sent for crushing and grinding. Once adequately prepared, test work will begin, with $300,000 having been budgeted for this work.

Globex also provided an update in matters regarding the potential spin-off of its Chibougamau land package. In January, it commissioned an NI 43-101 compliant technical report for the property, which it received in May. After pulling out of an acquisition deal due to market disruption, Globex said it planned to spin-off the property asset as a new company called Chibougamau Independent Mines, at which time other companies expressed interest in the asset.

Since then, Globex has decided to review all options, including those from outside parties. In the mean time, it is purchasing additional claims, enlarging the size of its Berrigan and Grandroy Mine properties, and staking additional mineralization to the south of Chibougamau.

Globex also said it has completed test work for other companies, through its Eco Refractory Solutions Inc technology asset. Test work for those companies has been successful, with gold recoveries as high as 98%. However, Globex said it has not been successful in carrying the work forward. It said it is continuing to try to acquire both refractory gold deposits and tailings assets so as to better utilize and showcase this asset.

In other news, the company said it has added several gold and base metals assets to its portfolio, including the Pandora‐Wood, Farquharson, Beacon, Tonnancour and Donalda properties, where it has undertaken drill programs. At Tonnancour, Globex intersected up to 5.2% copper, 13.1% zinc, 0.7 grams per tonne (g/t) gold and 41.0 g/t silver over 4.55 metres.

The Pandora-Wood property returned significant gold values, including 28.86 g/t gold over 4.9 metres in the Cadillac Fault. Meanwhile, at the Beacon property, Globex said it found a new gold discovery, with a core length of 2.9 metres grading 5.19 g/t gold.

At its manganese-iron property near Woodstock, New Brunswick, Globex identified four wide zones of mineralization, totaling 116.54 metres of manganese and iron.

In hole GNB11-2, intercepts included 19.24 metres of 10.18% manganese and 15.48% iron in horizon A; 19.92 metres of 11.17% manganese and 16.75% iron in horizon B; 20.72 metres of 10.45% manganese and 12.51% iron in horizon C; and 48.3 metres of 9.8% manganese and 13.9% iron in horizon B+C, which includes lower grade material between the B and C Horizons.

Activity is also booming at several of Globex's properties that have been optioned to partners, including the work done on Duquesne West in Quebec by Xmet (CVE:XME), who announced on September 8 an upgraded NI 43-101 compliant inferred mineral of 4,171,000 tonnes grading 5.42 g/t Au hosting 727,000 cut ounces of gold.

Earlier this month, Globex announced a $1.3 million dollar financing at well above the current market price. The company said funds will be spent on projects in Quebec, Ontario, Nova Scotia and New Brunswick.

In Toronto, Globex shares closed flat at $1.60.

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Thu, 13 Oct 2011 16:25:00 -0400 https://www.proactiveinvestors.com/companies/news/80559/globex-provides-updates-several-projects-advance-19642.html
<![CDATA[News - Globex Mining intersects wide zones of manganese, iron at Woodstock ]]> https://www.proactiveinvestors.com/companies/news/80504/globex-mining-intersects-wide-zones-of-manganese-iron-at-woodstock-19562.html Quebec-based Globex Mining Enterprises (TSE:GMX) announced Wednesday the results of two drill holes from its manganese-iron property near Woodstock, New Brunswick, identifying four wide zones of mineralization.

Two holes were drilled back to back, due to the physical characteristics of the topography and access issues, the company said.

The first hole GNB11-2 was drilled for a length of 320 metres, while the second hole, GNB11-3, was collared approximately 2 metres behind GNB11-2 and drilled in the opposite direction for a length of 57 metres.

The assays show four wide zones totalling 116.54 metres of manganese and iron mineralization. In hole GNB11-2, intercepts included 19.24 metres of 10.18% manganese and 15.48% iron in horizon A; 19.92 metres of 11.17% manganese and 16.75% iron in horizon B; 20.72 metres of 10.45% manganese and 12.51% iron in horizon C; and 48.3 metres of 9.8% manganese and 13.9% iron in horizon B+C, which includes lower grade material between the B and C Horizons.

Hole GNB11-3 returned 49.0 metres of 8.7% manganese and 11.76% iron in horizon D.  The company said this hole ended in mineralization grading 10.38% manganese and 12.88% iron and was stopped too early.

"We are very pleased with these initial drill results as they confirm and expand upon the historical information available in government files which indicate that a sizable iron-manganese zone has been defined by surface work and limited shallow drilling," the company said in a statement.

"These holes were not drilled where historical information indicated the widest width but rather where access was readily available, to confirm the presence of the iron-manganese zone, and to provide geological data."

Globex also undertook some initial hydrometallurgical work on surface samples from the property. The company plans to complete additional work on the project, including extending hole GNB11-3 to completely traverse the D Horizon, and do additional cross sectional drilling to delineate some of the strike length of the zones.

Magnetometer and gravity surveys will also be undertaken in order to map out the iron manganese horizons, Globex said.

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Wed, 12 Oct 2011 13:36:00 -0400 https://www.proactiveinvestors.com/companies/news/80504/globex-mining-intersects-wide-zones-of-manganese-iron-at-woodstock-19562.html
<![CDATA[News - Globex, Queenston intersect 28.86 g/t gold over 4.9 metres at Wood Pandora ]]> https://www.proactiveinvestors.com/companies/news/80464/globex-queenston-intersect-2886-gt-gold-over-49-metres-at-wood-pandora-19496.html Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF) and Queenston Mining (TSE:QMI) reported Tuesday positive results from a five hole, 2,405 metre drilling program at their 50/50 split Wood Pandora joint venture property near Cadillac, Quebec.

Four of the holes were completed to follow up on drilling results from 12 previous holes announced earlier this year. The drilling targeted the Cadillac Break in the area of the No. 3 Shaft Zone
that historically produced, from 1939 to 1942, approximately 13,000 ounces of gold from 178,231 tonnes grading 4.7 grams per tonne.

New holes W‐11‐89 to ‐92 all intersected gold values within or adjacent to the Cadillac Break, the partners said, with one the deepest holes of the program, W‐11‐92, intersecting a 4.9 metre interval assaying 28.86 grams per tonne (g/t) gold, including 121.70 g/t gold over 1.1 metre at approximately 350 metres below surface.

"The joint venture partners view the new exploration results as a positive step in a program to outline a significant mineral resource in the area of the No. 3 Shaft Zone," Globex and Queenston said in a statement.

The fifth hole of the latest program, W-11-88, targeted an interpreted structural feature near the Amm Shaft on the southern portion of the joint venture property, the companies said, but returned no significant mineralization.

Gold mineralization occurs across the full width of the Cadillac Break, with the greatest concentrations both within the break and in the adjacent Cadillac sediments to the north.

Previous operator, Camflo Mines, began a surface drilling program in 1979 outlining a drill indicated mineral resource to a depth of 200 metres at the No. 3 Shaft Zone. Subsequent underground exploration was inconclusive, however, in defining a shallow mineable deposit at the prevailing gold price at the time, Globex said.

The two companies plan to review the historic, shallow exploration in the area before starting the next phase of deeper drilling.

The Wood-Pandora property is next to the Lapa Mine operated by Agnico-Eagle Mines, which is a 1.5 million ounce gold deposit discovered in 1999, and produces 125,000 ounces of gold per year.

Wood Pandora hosts an historic mineral resource of 1.43 million tonnes grading 5.3 g/t gold in two deposits, Wood and Central Cadillac. In 2008, the joint venture announced an NI 43-101 compliant inferred mineral resource on a new gold discovery, the Ironwood Zone, amounting to 243,200 tonnes grading 17.3 g/t Au.

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Tue, 11 Oct 2011 13:03:00 -0400 https://www.proactiveinvestors.com/companies/news/80464/globex-queenston-intersect-2886-gt-gold-over-49-metres-at-wood-pandora-19496.html
<![CDATA[News - Globex Mining intersects 8.68 g/t gold on Beacon claim in Quebec ]]> https://www.proactiveinvestors.com/companies/news/80322/globex-mining-intersects-868-gt-gold-on-beacon-claim-in-quebec-19253.html Globex Mining Enterprises (TSE:GMX) announced Tuesday it intersected up to 8.68 grams per tonne (g/t) gold in an unnamed drill hole completed on its wholly owned Beacon claim, located east of the city of Val D'Or, Quebec.

The hole was intended to intersect the Boulamaque granodiorite batholith - a type of volcanic rock. Drilled to a depth of 260 metres, the 426-metre drill hole intersected 3.72 g/t gold over 4.4 metres, including 2.9 metres grading 5.19 g/t gold, which also included 1.5 metres at 8.68 g/t gold.

Globex said the mineralized area is untested in all directions, and has a strike distance of at least 450 metres.

This same granodiorite mineralization hosts Globex's wholly owned Wrightbar gold mine. Beacon Gold Mines has a property to the southwest of this hole, while to the north are Richmont Mines' Beaufor gold mine and a property owned by Courvan Mining.

The true width of the mineralization is unknown as only one hole has been completed to date, Globex said. However, it intends to do additional drilling on this discovery.

Globex shares started the day high before leveling off, trading at $1.70 as of 10.04 am EDT.

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Tue, 04 Oct 2011 15:24:00 -0400 https://www.proactiveinvestors.com/companies/news/80322/globex-mining-intersects-868-gt-gold-on-beacon-claim-in-quebec-19253.html
<![CDATA[News - Globex Mining closes $1.3 million private placement ]]> https://www.proactiveinvestors.com/companies/news/80275/globex-mining-closes-13-million-private-placement-19172.html Globex Mining Enterprises (TSE:GMX), a Canada-based development stage mineral explorer, said on Monday that it has closed a private placement financing worth $1.3 million.

The Quebec-based miner sold 490,566 flow-through common shares for $2.65 each to five accredited investors, it said.

Globex also said it plans to use the proceeds from the financing for exploration on its projects in Quebec, Ontario, Nova Scotia and New Brunswick.

A $24,000 commission fee was paid to cover legal and administration costs. Globex did not issue any warrants or broker warrants in connection to the placement.

Globex has more than 100 properties in North America, covering precious metal, base metal, industrial minerals and specialty minerals.

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Mon, 03 Oct 2011 14:37:00 -0400 https://www.proactiveinvestors.com/companies/news/80275/globex-mining-closes-13-million-private-placement-19172.html
<![CDATA[News - Globex Mining releases series of positive news developments at royalty properties ]]> https://www.proactiveinvestors.com/companies/news/79493/globex-mining-releases-series-of-positive-news-developments-at-royalty-properties-17789.html Globex Mining Enterprises (TSE:GMX) (OTC:GLBXF) reported Wednesday a number of positive developments at properties in which it holds royalties.

The first is Selwyn Resources' (CVE:SWN) ScoZinc Mine in Nova Scotia, where Globex maintains a 1% gross metal royalty on of the deposits.

Selwyn released yesterday a preliminary economic assessment for the mine, which indicated potential for a seven-plus year operation beginning in the second quarter of 2012.

According to the PEA, the project, under a 2,500 tonnes per day processing plan using standard flotation methods, is forecast to produce an average just shy of 30,000 tonnes of zinc metal in concentrate and 13,500 tonnes of lead in concentrates in each of the first three years.

Production will hail from three conventional pits to be mined sequentially - Main, Northeast and Getty - the latter being the deposit in which Globex holds its royalty. In March, Getty was estimated to have a measured and indicated resource of 4.36 million tonnes grading 1.87% zinc and 1.44% lead, and an inferred resource of 960,000 tonnes grading 1.73% zinc and 1.59% lead, at a cutoff of 2% zinc equivalent.

"Globex is pleased with the progress made by Selwyn to date and looks forward to the realization of a revenue stream from mining and processing of the Getty Deposit," said the company in a statement on Wednesday.

In other news, Globex praised "good drill results" from Richmont Mines' (TSE:RIC) Wasamac property, which directly adjoins the five claims that Richmont optioned from Globex in Beauchastel Township, Quebec. 

Richmont further announced that it is "also drilling on the adjacent Globex land package" and "will release results from the exploration drilling once they have been obtained".

Meanwhile, Typhoon Exploration (CVE:TYP) announced additional drill results on the Fayolle property near Rouyn-Noranda, Quebec, where Globex holds a 2% net smelter royalty.  Assays of up to 14.9 grams per tonne (g/t) of gold over 30 metres were reported.

Finally, Plato Gold (CVE:PGC) just said today that it has completed an additional 17 hole, 8,754 metre drill program at its Nordeau East property, which was optioned by Globex to Plato. The drilling outlined 5 discontinuous gold-bearing iron formations, with values of up to 12.28 g/t gold over 6.5 metres.

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Wed, 31 Aug 2011 14:22:00 -0400 https://www.proactiveinvestors.com/companies/news/79493/globex-mining-releases-series-of-positive-news-developments-at-royalty-properties-17789.html
<![CDATA[News - Globex intersects high grade copper at Tom Lake, expands zone ]]> https://www.proactiveinvestors.com/companies/news/79081/globex-intersects-high-grade-copper-at-tom-lake-expands-zone-17108.html Globex Mining Enterprises (TSE:GMX) announced Wednesday it intersected as high as 12.39% copper at the Tom Lake area on its wholly owned Tonnancour property in Quebec.

The Tonnancour project consists of 63 claims covering 3,568 hectares, and is located mainly over the Tonnancour and Josselin townships in southwestern Quebec, approximately 15 kilometres south of the city of Lebel-sur-Quevillon.

The results are from a second-tier drill program, which examined the down dip and lateral extensions of the Tom Lake mineralization. To date, 25 of the planned 27 holes have been drilled.

Assays from hole GT-11-15 returned 5.02% copper, 4.96% zinc, 35.7 grams per tonne (g/t) silver and 0.75 g/t gold over 4.5 metres, including 3.0 metres grading 7.3% copper, 7.27% zinc, 51.82 g/t silver and 1.11 g/t gold.

This hole tested the down dip extension of the high grade volcanogenic massive sulphide mineralization, which showed the Tom Lake area to be open at depth, the company said.

Subsequent holes, including GT-11-16 and GT-11-18, expanded the zone down dip and laterally, along the 200-metre strike length.

Hole GT-11-16 intersected 5.0 metres grading 4.11% copper, 1.92% zinc, 22.8 g/t silver, and 0.77 g/t gold, including 12.39% copper, 8.51% zinc, 87.7 g/t silver and 1.03 g/t gold over 0.95 metres.

Meanwhile, hole GT-11-18 returned 5.2 metres grading 1.87% copper, 2.17% zinc, and 10.6 g/t silver, including 3.72% copper, 0.69% zinc, and 18.3 g/t silver over 1.7 metres.

Globex, whose stock on the Toronto Stock Exchange rose 6.67% to $2.24 per share as of 11:56 am EDT, said it intends to release assay results from the last seven diamond drill holes at the property as they are received.

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Wed, 10 Aug 2011 14:56:00 -0400 https://www.proactiveinvestors.com/companies/news/79081/globex-intersects-high-grade-copper-at-tom-lake-expands-zone-17108.html
<![CDATA[News - Globex Mining turns a profit in Q2 ]]> https://www.proactiveinvestors.com/companies/news/79044/globex-mining-turns-a-profit-in-q2-17042.html Globex Mining Enterprises (TSE:GMX) (OTC:GLBXF) announced Tuesday that it swung to a profit in the second quarter, as the company benefited from higher option income.

The Quebec-based company, which owns and options a portfolio of properties throughout North America, reported net income of $0.69 million for the three months ending June 30, or $0.03 per share, compared to a loss of $0.13 million, or $0.01 per share, a year earlier.

Revenues rocketed to $2.56 million, from $0.33 million in the second quarter of 2010. Net option income rose to $2.4 million, up from $0.3 million a year ago, reflecting sales and mining option agreements negotiated this year.

Metal royalty income jumped to $156,917 from $33,600 in the year prior period, representing the ramp up in zinc production at Nyrstar's Middle Tennessee mine.

Exploration expenditures for the latest quarter totalled $785,649. The company said it anticipates spending $1.25 million in the remainder of the year to meet its current flow-through commitments, as it has planned a number of drilling and geophysical activities.

Expenses have been focused on advancing the Talc-Magnesite project near Timmins, Ontario, where it expects to produce an NI 43-101 compliant prefeasibility study by the end of the third quarter.

Just yesterday, the company announced it intersected high grades of copper and zinc, along with additional gold and silver mineralization, at its wholly owned Tonnancour property in Quebec, Canada.

Notable results included 5.23% copper, 13.12% zinc, 41.0 grams per tonne (g/t) silver and 0.718 g/t gold over 4.55 metres, including 0.55 metres grading 4.6% copper, 13.06% zinc, 34.5 g/t silver and 0.56 g/t gold, from hole GT11-01.

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Tue, 09 Aug 2011 11:43:00 -0400 https://www.proactiveinvestors.com/companies/news/79044/globex-mining-turns-a-profit-in-q2-17042.html
<![CDATA[News - Globex drills 5.2% copper, 13.1% zinc over 4.5m at Tonnancour ]]> https://www.proactiveinvestors.com/companies/news/79027/globex-drills-52-copper-131-zinc-over-45m-at-tonnancour-17011.html Globex Mining Enterprises (TSE:GMX) announced Monday it intersected high grades of copper and zinc, along with additional gold and silver mineralization, at its wholly owned Tonnancour property in Quebec, Canada.

The Tonnancour project consists of 63 claims covering 3,568 hectares, and is located mainly over the Tonnancour and Josselin townships in southwestern Quebec, approximately 15 kilometres south of the city of Lebel-sur-Quevillon.

To date, 22 holes have been drilled on the property, and results from 20 of those holes have been logged.

Notable results included 5.23% copper, 13.12% zinc, 41.0 grams per tonne (g/t) silver and 0.718 g/t gold over 4.55 metres, including 0.55 metres grading 4.6% copper, 13.06% zinc, 34.5 g/t silver and 0.56 g/t gold, from hole GT11-01.

This first hole, which tested the northeast-southwest trending Tom Lake deposit, also returned 1.45 metres grading 9.45% copper, 8.55% zinc, 68.9 g/t silver and 1.15 g/t gold.

The remaining 21 holes were drilled to test the sulphide zone laterally to the northeast and southwest of the Tom Lake trend.

Other highlights included 2.6 metres grading 3.07% copper, 1.17% zinc, 20.8 g/t silver and 0.26 g/t gold in hole GT11-02, including 15.9% copper, 4.29% zinc, 22.93 g/t silver and 0.15 g/t gold over 0.25 metres.

Based in Rouyn-Noranda, Quebec, Globex said a second tier of holes was drilled under the first five holes of the program. Several of these holes, for which assays are pending, intersected sulphide mineralization, it added.

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Mon, 08 Aug 2011 15:17:00 -0400 https://www.proactiveinvestors.com/companies/news/79027/globex-drills-52-copper-131-zinc-over-45m-at-tonnancour-17011.html
<![CDATA[News - Globex Mining to option Labrador Trough Iron project ]]> https://www.proactiveinvestors.com/companies/news/78812/globex-mining-to-option-labrador-trough-iron-project-16607.html Globex Mining Enterprises  (TSE:GMX) said that it has signed an options deal with private mineral explorer Titan Iron Ore Corp., under which Titan can earn 100% of Globex’s Labrador Trough iron project, situated in Northern Quebec.

The property consists of 200 claims totalling 9,160 hectares, and covers a 19.9 mile-long magnetic anomaly coinciding with known showings of magnetite, a common iron oxide mineral.

The deal has a 90 day due diligence provision, which Titan has obtained for a non refundable cash payment of $40,000, Globex said in a statement.

The total transaction, if exercised and documented with an asset purchase agreement, requires a cash payment of $4 million over five and a half years, as well as six million Titan shares to Globex by January 12, 2012.

Globex will retain a 3% gross metal royalty, and beginning in the sixth year will receive annual advance royalty payments of $100,000.

Globex has more than 100 properties in North America, covering precious metal, base metal, industrial minerals and specialty minerals.

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Mon, 25 Jul 2011 12:32:00 -0400 https://www.proactiveinvestors.com/companies/news/78812/globex-mining-to-option-labrador-trough-iron-project-16607.html
<![CDATA[News - Globex stakes two phlogopite properties in Quebec ]]> https://www.proactiveinvestors.com/companies/news/78744/globex-stakes-two-phlogopite-properties-in-quebec-16500.html Globex Mining Enterprises (TSE:GMX) (OTCQX:GLBXF)  said Wednesday it has acquired a 100% interest in two suzorite deposits in Quebec through staking.

The two deposits, called the Lamy and Siscoe Zones, have as their principal component, phlogopite, used in polymers where extra rigidity is required beyong what can be provided by talc. It is also used as an insulating material, and for fireproofing.

The acquisition of these properties is an extension to the company's planned penetration into markets served by talc, which it plans to produce from its huge Timmins, Ontario deposit, Globex said.

Globex is in the final stages of preparing a pre-feasibility study on its Timmins talc-magnesite project, which is scheduled to be delivered by the end of September.

The larger Lamy deposit is next to a railway line and siding, which will allow direct transport of pre-processed material to the company's proposed talc milling facility at Timmins, significantly reducing capital and operating costs.

The Lamy deposit is reported to have good quality phlogopite, with a magnesium to iron ratio of 2.78, and no fibrous material.  The zone is said to measure at least 725 metres long and averages 23 metres wide, with potential to be increased in size by drilling.

According to Globex, the area staked by the company could contain as much as 5 to 6 million tonnes of high grade micaceous material.  The Lamy deposit is exposed on surface, and has only been explored to a shallow depth, with it remaining open along strike.

Globex has also acquired the Siscoe deposit, approximately 18.5 kilometres to the east in Suzor Township, where R.A. Marleau reported a suzorite deposit with historical resources of 1.3 million tonnes, grading 60% phlogopite.

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Wed, 20 Jul 2011 14:45:00 -0400 https://www.proactiveinvestors.com/companies/news/78744/globex-stakes-two-phlogopite-properties-in-quebec-16500.html
<![CDATA[News - Globex to start widespread drilling in Quebec; pre-feas for Timmins project on track ]]> https://www.proactiveinvestors.com/companies/news/78515/globex-to-start-widespread-drilling-in-quebec-pre-feas-for-timmins-project-on-track-16121.html Globex Mining Enterprises (TSE:GMX) (OTC:GLBXF) is pegged to start a series of drill programs on a number of its mineral properties in Quebec, the company said Thursday in an update to shareholders.

At Tonnancour, south of Quevillon, Quebec, nine holes have been completed, targeting a copper, zinc, gold and silver showing, while another series of holes will target isolated electromagnetic anomalies identified both in airborne and ground geophysical surveys.

The company’s Donalda gold mine property, located at Rouyn-Noranda, Quebec, has seen four historical shallow drill holes return up to 10.6 grams per tonne (g/t) of gold over 2.56 metres, in an area that has not been drilled since.  A drill program of 5 holes is planned as a first phase for this project.

Meanwhile, drilling permits have been requested for seven holes to be drilled on Globex’s 50% owned Wood–Pandora property in Cadillac Township, under a joint venture with Queenston Mining (TSE:QMI).  The drilling will follow up on previous encouraging results released in May, as well as on targets found in a new structural study of the project.

Drilling is also planned at a number of the company’s assets in Val D’Or, Quebec, it said.

In addition, prospectors and line cutters have been mobilized to the Turner Falls rare earth property, located in the Kipawa area of the province, as significant light and heavy rare earth values were found in both outcrop and boulders during last summer’s program of mapping, prospecting and geophysics. Globex plans to complete prospecting, and to blast and sample areas of high rare earth concentrations, possibly followed by a drilling campaign in the fall, if warranted.

In other news, Globex has staked additional claims in the Chibougamau area of Quebec, including claims adjacent to the Grandroy and Berrigan Mine properties, and east of the Portage Mine, adjoining the east end of its large claim package to the south of the mine. 

In New Brunswick, an initial small drill program will start shortly on the company’s two manganese properties.  One hole will test the Iron Hill Manganese Zone and another, a separate property to the south, where a large magnetic anomaly may indicate a buried magnetite-manganese body, Globex said.

In a further update, the company expects to complete the prefeasibility study for its Timmins Talc-Magnesite project in Ontario by the end of September.

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Thu, 07 Jul 2011 17:41:00 -0400 https://www.proactiveinvestors.com/companies/news/78515/globex-to-start-widespread-drilling-in-quebec-pre-feas-for-timmins-project-on-track-16121.html
<![CDATA[News - Globex Mining to sell Quebec gold property to Tres-Or Resources ]]> https://www.proactiveinvestors.com/companies/news/78457/globex-mining-to-sell-quebec-gold-property-to-tres-or-resources-16036.html Globex Mining Enterprises (TSE:GMX) announced Tuesday Tres-Or Resources (CVE:TRS) will purchase more than 20 claims that make up Globex's Fontana Gold property in Duverny Township, Quebec.

The deal, for which the total transaction price was undisclosed, will see Tres-Or acquire Globex's 75% interest in 16 claims and 100% interest in six claims throughout the property, which lies 16 kilometres northeast of Amos in Quebec, Canada.

The Fontana project is nearby Tres-Or's advanced Duvay Gold project and is contiguous with its East Mac property.

Tres-Or offered a non-refundable, $25,000 deposit to Globex to secure the property while a definitive agreement is being drawn up. The Vancouver, British Columbia-based company said it hopes to enter a formal agreement with Globex by September 15.

Gold mineralization was discovered on the Fontana property in the 1930s, with considerable drilling and testing being carried out through to the 1990s. Gold is often free gold and is erratic in distribution, the companies said.

Globex shares jumped 5.41% on the news to trade at $1.95 each on the Toronto Stock Exchange on Tuesday afternoon.

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Tue, 05 Jul 2011 14:45:00 -0400 https://www.proactiveinvestors.com/companies/news/78457/globex-mining-to-sell-quebec-gold-property-to-tres-or-resources-16036.html
<![CDATA[News - Globex receives 41% stake in Mag Copper as partial payment for Magusi-Fabie ]]> https://www.proactiveinvestors.com/companies/news/78345/globex-receives-41-stake-in-mag-copper-as-partial-payment-for-magusi-fabie-15842.html Globex Mining Enterprises (TSE:GMX) reported on Tuesday that it has received 13.5 million shares of Mag Copper as partial payment for its Magusi-Fabie polymetallic mine property situated north of Rouyn-Noranda, Quebec.

The Magusi River and Fabie Bay  massive sulphide deposits are part of a large optioned block totalling 1,952 hectares covering the Hebecourt Township, north of Rouyn-Noranda in Dufresnoy Township, in Quebec.

The shares issued to Globex have a cash value of $4.72 million as of yesterday’s closing price. The 13.5 million shares, which reflect a 41% stake, were issued by Mag for $0.125 a share, taking into account the one-for-five share consolidation, Globex said.

The Canadian-based company said it could further invest in Mag Copper, depending on price, availability and general market conditions.

Under the terms of the agreement between the two companies, Mag Copper can earn a 100% interest in the Magusi-Fabie mine property by issuing 13.5 million of its shares and by making cash payments totalling $1.75 million over a three-year period, under the terms of its agreement.

In addition, Mag must incur $10.25 million in expenditures on the property within four years, and reserve a 3% gross metal royalty on production for Globex, of which 1% may be purchased for $5 million.

Globex is a development-stage Canadian mining exploration company with a North American portfolio of gold, copper, zinc, silver, platinum, and rare earths properties. The company is currently exploring its Cote copper-nickel property and Colnet Lake properties, located west of Rouyn-Noranda.

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Tue, 28 Jun 2011 16:04:00 -0400 https://www.proactiveinvestors.com/companies/news/78345/globex-receives-41-stake-in-mag-copper-as-partial-payment-for-magusi-fabie-15842.html