MORE LI2O INTERSECTIONS ON GLOBEX’S LAC ESCALE (MIRAGE) ROYALTY CLAIMS

Mining
Friday, May 10th, 2024 3:54 pm EDT

Globex Mining Enterprises Inc. royalty partner Brunswick Exploration Inc. has reported additional significant Li2O (lithium oxide) intersections on Globex’s Lac Escale (Mirage project) royalty claims in the Eeyou Istchee James Bay region of Quebec. Intersections of up to 1.55% Li 2 O over 93.45 m and 1.05% Li 2 O over 34.05 m were encountered. Central Zone of the Lac Escale (Mirage Project) Royalty Claims.

  
 
  Table 1: Highlights from 2024 Winter Drilling Program Reported in Brunswick Press Release.
 Hole ID   Zone   Dyke From (m) To (m) Length (m) Li 2 O% Ta 2 O 5  (ppm)
MR-24-43   North  MR-8   9.85   28.45     18.6     1.27         81       
      and               83.95    86.7     2.75     0.99         101      
MR-24-44B                14.4     31      16.6     0.95         81       
MR-24-46                 35.4     52      16.6     0.87         97       
MR-24-48                  43     61.5     18.5     0.80         93       
MR-24-53                 225    227.2     2.2      0.55         143      
      and                251     274       23      0.33         95       
MR-24-54   North  MR-8  66.55   71.35     4.8      1.10         198      
MR-24-55                 67.6    79.1     11.5     1.42         166      
MR-24-56                49.05     59      9.95     0.32         44       
MR-24-62  Central MR-6   6.35    99.8    93.45     1.55         160      
MR-24-64                55.45    78.3    22.85      N/A         223      
MR-24-65                 44.4   78.45    34.05     1.05         125      


  

Surface Map of the Lac Escale (Mirage Project) and Drill Holes Completed to Date

QA/QC

As per Brunswick, all drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d’Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on one-fourth core splits, blanks and certified reference materials for lithium were inserted every 20 samples. Samples were bagged and groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the ALS laboratory in Val-d’Or. All sample preparation and analytical work was performed by ALS by ICP-AES according to the ALS method ME-MS89L. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cut-off grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

Qualified Person

The scientific and technical information contained in Brunswick’s press release was reviewed and approved by Mr. Simon T. Hebert, VP Development for Brunswick Exploration. Mr. Hebert is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

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 Harbor.