Globex: Richmont reports significant gold intercepts in the newly discovered 4 zone
09.05.2012 Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX - Toronto Stock Exchange, G1M - Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF - OTCQX International) is pleased to provide its shareholders with information on the recent drilling by Richmont Mines Inc. in the claims, which, like on the 9. May 2011, an option agreement between Globex and Richmont subject have been brought down.
Richmont reported that to date, Globex's mining rights have 5 drilled holes totaling 4.222 meters in length. In addition, Richmont announced that three holes indicate a new gold discovery at the western limit of Globex mining rights. Richmont described the new zone as follows: "7,09 g / t Au on 5,22 meters, 1,87 g / t Au on 9,24 meters and 4,07 g / t Au on 4,44 meters in the newly discovered 4 zone, which is on the edge of the Wasamac and Globex property Rights of cure lie. "
The newly discovered 4 Zone is open to the Globex claims to the east and to the depth along the dip and dip. Richmont further stated in its press release, "The 2012 drill program will cover approximately 55.000 meters, focusing primarily on the Main Zone, the extension of the 3 Zone and the Globex mining rights."
Under the terms of the agreement with Richmont, Globex received 500.000% interest in the Globex through 2012 C $ to November 2.000.000 and 500.000 C $ and 2014 Richmont shares, which signed a contract under which Richmont has the right to subscribe 100% to May 500.000. A cash payment of 100 C $. Should Richmont acquire an interest in 3%, Globex will retain a GMR royalty of 50.000% (Gross Metal Royalty) on all production of this property. Richmont will also pay a pre-paid 9 C $ per annum to Globex until commercial production commences (see 2011 May XNUMX press release).
For more details, please consult today's press release from Richmont.
Globex is pleased with the results so far and looks forward to further results from the ongoing drilling program.
No liability is assumed for the accuracy of the translation! Please note english original message!
This news release was prepared by Jack Stoch, P.Geo., President and CEO of Globex, as a Qualified Person under NI 43-101.
We strive for the safe harbor certificate.
Foreign issuer 12g3 - 2 (b)
Securities Code: 379900 10 3
For further information please contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec, Canada J9X 2J1
Tel: + 1-819-797-5242
Fax: +1-819-797-1470
ppgad@pucrs.br
www.globexmining.com
The original English message can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25041
Forward-looking statements
Apart from historical information, this press release may also contain "forward-looking statements." These statements may involve a number of known and unknown risks and uncertainties, and other factors that may cause actual results, activities, and performance to differ materially from those stated by Globex Mining Enterprises Inc. ("Globex"). expected and planned. There can be no assurance that any event reflected in any forward-looking statements, or in the event that they materialize, will cause Globex's benefits. A more detailed description of the risks is available in reports published annually under the company profile on SEDAR at www.sedar.com.
