Nearby Location News
Thundermin Resources Inc. Provides Update on Pelletier Lake Gold Property, Rouyn-Noranda, Quebec 2015-09-17
TORONTO, ONTARIO--(Marketwired - Sept. 17, 2015) - Thundermin Resources Inc. ("Thundermin") (TSX VENTURE:THR) announces that the agreement with QMX Gold Corporation ("QMX") with respect to the Pelletier Lake Gold Property located near Rouyn-Noranda, Quebec ("Pelletier Lake") has been terminated and Thundermin's 100% ownership of Pelletier Lake has been re-instated.
On September 1, 2005, Thundermin granted QMX an option to acquire a 100% interest in Pelletier Lake subject to, among other things, Thundermin's right to receive a 2.5% NSR once the property was put into commercial production (the "QMX Option"). The QMX Option was the subject of an arbitration process which in May 2014 determined that QMX's right to earn a 100% interest in Pelletier Lake was subject to QMX achieving commercial production at Pelletier Lake by February 28, 2018 and making certain annual advanced royalty payments to Thundermin by August 31st in each year until commercial production was achieved. QMX did not comply with the terms and conditions established by the arbitrator and as such on August 31, 2015 all of QMX's rights with respect to Pelletier Lake were terminated.
General 2015-05-10Exploration on the Donalda property dates back to the early days of the Noranda mining camp when the Horne deposit was discovered in 1921. The first substantial diamond drilling campaign in the Donalda area, about 2 km east of the Horne deposit, was carried out in 1943. The discovery hole was drilled by Donalda Copper Mines to test a magnetic anomaly and intersected a spectacular 40 m of core grading 6 grams of gold per tonne. Follow-up work on the deposit subsequently showed that the discovery hole was actually drilled along the place of a shallow south-dipping vein. A shaft was sunk in 1946 to explore the deposit and the mine reached production in 1948. Mine production at Donalda totaled 738,787 tonnes of ore grading 5.2 grams of gold per tonne. Most of the ore was extracted from the shallowly dipping No 1 Vein between 1948 and 1955. During that period, the No 2 Vein was discovered about 300 m below the No 1 Vein. This new vein was mined in 1969-70 from the adjacent Quemont mine workings and 29,156 tonnes of ore were extracted. The Donalda No 1 Vein was mined out along a strike length of about 825 m and over a dip length of 400 m. It was known by previous operators to persist down-dip at least to the Horne Creek fault, but was thought to end at the fault. However, surface diamond drilling carried out by Minnova Inc. in September 1986 located the extension of the No 1 Vein south of the Horne Creek fault. An underground exploration program was initiated in the fall of 1987 and a new southern section of the vein measuring approximately 425 m by 300 m has been delineated by underground drifting and raising. This down-dip extension from the old workings is similar in character to the mined out No 1 Vein, the only significant difference being that the host rocks consist of magnetic basalts and diorities in the south extension in contrast to rhyolites in the mined out portion More recently, Globex completed a ground magnetometer survey in 2009 that outlines two anomalously high magnetic structure.
Chalice increases Canadian foothold 2016-10-12ASX- and TSX-listed Chalice Gold has signed a binding option and farm-in agreement with Canada’s Globex Mining Enterprises to acquire an interest in the Nordeau gold project, in Quebec. Under the terms of the agreement, Chalice will acquire Globex’s share in the project by making annual option payments totaling C$590 000 over four-years and undertaking exploration expenditure of C$2.5-million also over a four-year period.
Globex Options Feldspar Property 2016-08-22
ROUYN-NORANDA, QUEBEC--(Marketwired - Aug. 22, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that Globex has optioned our Johan Beetz Feldspar Property located in Johan Beetz and Iles de Mingan 03 Townships, Quebec directly east of the town of Johan Beetz and between Havre St-Pierre, 60 km to the west and the Innu Community of Natashquan, 80 km to the east.
Globex Options Beauchastel Township, Cadillac Break Claims 2016-08-02
ROUYN-NORANDA, QUÉBEC--(Marketwired - Aug. 2, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has optioned 100% interest in 24 claims Globex owns on the Cadillac Break in Beauchastel Township, Quebec southwest of Rouyn-Noranda to Opawica Explorations Inc. (TSX VENTURE:OPW) owner of the adjoining Bazooka Gold Property.
Sunset Cove Mining Announces Increase in Share Offering and Option of Manganese Property 2016-06-28
MONTREAL, QUEBEC--(Marketwired - June 28, 2016) - Sunset Cove Mining (TSX VENTURE:SSM) ("Sunset Cove" or the "Company") announces an increase in its private placement and a property acquisition.
Globex Acquires Significant Portion of Gold Localizing Cameron Shear 2016-04-06
ROUYN-NORANDA, QUEBEC--(Marketwired - April 6, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired 100% interest in the Cameron Gold Property located in Desjardins, Franquet and Grevet Townships, Quebec (32F/07) approximately 27 km north-northeast of the town of Lebel-sur-Quevillon.