Mining
Monday, January 22nd, 2024 7:38 pm EDT
Key Points
- Drilling Campaign Commencement: Brunswick Exploration Inc., a royalty partner of Globex Mining Enterprises Inc., has initiated a phase II drilling campaign at the Mirage (Lac Escale) project in the Eeyou-Istchee James Bay region of Quebec. The winter drill program aims to explore extensions of known pegmatite dikes (MR-1 to MR-6) and new prospective outcrops that have not been drill-tested.
- Target and Previous Results: The drill holes are strategically distributed over the 2.8-kilometer known strike length to investigate the entire spodumene-bearing pegmatite dike swarm. Previous drilling efforts have yielded high-grade lithium oxide (Li2O) assays over substantial widths, providing a basis for continued exploration in the Mirage project.
- Globex’s Royalty Interest: Globex Mining Enterprises Inc. retains a 3% gross metal royalty on the Lac Escale claims, including a one-kilometer-wide boundary area surrounding the Lac Escale lithium discovery claims. The press release emphasizes the significance of the ongoing drilling activities and refers to Brunswick’s recent press releases for detailed drill results.
Globex Mining Enterprises Inc. royalty partner Brunswick Exploration Inc. has started a phase II drilling campaign at the Mirage (Lac Escale) project, located in the Eeyou-Istchee James Bay region of Quebec. The winter drill program is targeting extensions of known pegmatite dikes (MR-1 to MR-6) and new prospective outcrops that have yet to be drill tested.”
The planned drill holes are distributed over the 2.8-kilometre known strike length to test the entire spodumene-bearing pegmatite dike swarm. Previous drilling intersected high-grade Li2O (lithium oxide) assays over wide widths.
For drill result details, refer to Brunswick press releases dated Jan. 22, 2024, Jan. 18, 2024, Dec. 19, 2023, and Dec. 4, 2023. Globex currently retains a 3-per-cent gross metal royalty on the Lac Escale claims and a one-kilometre-wide boundary area surrounding the Lac Escale lithium discovery claims.
This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.
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