ROUYN-NORANDA, QUEBEC, CANADA--(Marketwire - Jan. 6, 2011) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired the following properties in the Chibougamau mining district in Quebec by staking:
Globex has accumulated a significant data bank on this property and has engaged a senior geologist to write a NI 43-101 report on the property. We are awaiting registration of our claims and receipt of the final licences.
Globex has now gathered a land package in the heart of the Chibougamau mining district consisting of five (5) former producers with significant exploration potential, two unmined deposits - one of gold, silver and zinc and another consisting of multiple gold-copper zones, and a large package of prime exploration claims with numerous intersections in drill holes of gold and copper. In addition, the land package now includes the extension of such deposits as the Jaculet and Bateman Bay copper-gold deposits as well as the Copper Cliff Mine (copper-gold) and the possible depth extensions of mines such as the large Henderson 1 and 2.
Most of Globex's mine properties have been mined to only 300 meters while other mines in the immediate area have been mined to depths of as much as 1,500 meters, the Copper Rand Mine for example.
Globex is extremely pleased to have amassed such a large and prospective mine package in one of Quebec's premier mining camps and must now decide how to advance the assets in light of historically high copper and gold prices while best creating short and long term value for Globex's shareholders.
This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. | Foreign Private Issuer 12g3 – 2(b) |
CUSIP Number 379900 10 3 |
Forward Looking Statements
Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available in the "Annual Information Form" filed by the Company on SEDAR at www.sedar.com
21,018,008 shares issued and outstanding
Contact Information: Globex Mining Enterprises Inc.
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819-797-5242
819-797-1470 (FAX)
info@globexmining.com
www.globexmining.com