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.
General 2015-05-10The Poirier Mine was discovered by airborne geophysics by Rio Algom in 1959. Following three and a half years of follow up work, including ground based geophysical and geochemical surveys and an extensive diamond drilling program, a 1860 foot three compartment shaft was sunk and two levels (1000 and 1150) were developed to carry out detailed work on an ore zone indicated by surface diamond drilling. In 1964, a decision was made to construct a mining and milling plant to process 1500 tons per day of copper and zinc ore from the Poirier property. In 1965, an agreement was reached with Joutel Copper Mines to expand the Poirier concentrator to handle up to 700 tons per day of their ore on a custom milling basis. Commercial production started in January 1966. Over a period of nine years 4,670,000 tons of copper ore grading 2.22% copper and 748,000 tons of zinc ore grading 5.58% zinc were mined and milled to produce 94,580 tons of copper, 29,300 tons of zinc and 285,000 ounces of silver from the Poirier mine. The shaft was extended to a depth of 2849 feet in 1968 and by the closure of the mine in July 1975 some 63,000 feet of drifting on 18 levels had been completed. Cut and fill, shrinkage and blast hole stoping methods were used to extract the reserves with an estimated 60% of the production coming from cut and fill stopes. Official reserves reported to the government at closure were 763,000 tons of copper ore at 2.20% copper and 716,500 tons of zinc ore at 10.44% zinc. This historical resource calculation is non 43-101 compliant, has not been confirmed by Globex geologists and should not be relied upon. The infrastructure was dismantled and sold in late 1976. Mine archives are reported to have been burnt except for those filed with the Quebec Ministry of Natural Resources and Wildlife. Globex has managed to locate much of the mine data through various sources. Bonanza Metals Inc. (Forbex, Fieldex) acquired the property in 1986 and undertook a program of compilation and shallow drilling. Bharti Engineering Associates Inc. was hired in 1989 to prepare a pre-feasibility study which was delivered in May 1990. Globex Mining Enterprises Inc. acquired the property in December 1998 after $20 million was spent in order to do an environmental surface clean up of the mine site.
Nearby Location News
Galway Metals Files Estrades NI 43-101 Resource Update; Clarence Stream Drilling Begins 2016-10-03
TORONTO, ONTARIO--(Marketwired - Oct. 3, 2016) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company" or "Galway") is pleased to announce that it has filed on SEDAR an updated NI 43-101 resource update, prepared by Roscoe Postle Associates (RPA), on its wholly-owned 14,854 hectare Estrades property in the Abitibi region of western Quebec. As reported when Galway announced its acquisition of the former producing, high grade Estrades mine, and as seen in Table 1 below, the resource contains Indicated Resources of 1,300,000 tonnes grading 3.9 g/t Au, 137.9 g/t Ag, 8.0% Zn, 1.1% Cu, and 0.65% Pb, plus Inferred Resources of 1,219,000 tonnes grading 1.5 g/t Au, 68.6 g/t Ag, 4.3% Zn, 1.5% Cu, and 0.26% Pb (refer to the August 18, 2016 press release and presentation for details).
Galway Metals Consolidates the Estrades Mining District, Provides an Updated NI 43-101 Estrades Resource Estimate and Consolidates 31 km of Strike Along the Adjacent Casa Berardi Break 2016-08-18
TORONTO, ONTARIO--(Marketwired - Aug. 18, 2016) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company" or "Galway") is pleased to announce that it has acquired an undivided 100% ownership interest in the former producing, high grade Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims in western Quebec, Canada, located approximately 95 km north of the town of La Sarre. The claims are largely contiguous and comprise 14,854 hectares, or 36,689 acres. Galway recently commissioned Roscoe Postle Associates (RPA) to provide an updated NI 43-101 compliant Estrades resource estimate, which included Indicated Resources of 1,300,000 tonnes grading 8.0% Zn, 3.9 g/t Au, 1.1% Cu, 137.9 g/t Ag, and 0.65% Pb, plus Inferred Resources of 1,219,000 tonnes grading 4.3% Zn, 1.5 g/t Au, 1.5% Cu, 68.6 g/t Ag, and 0.26% Pb. Please see Figure 1 and Galway's Estrades presentation for more details.
Xmet Completes Initial Diamond Drill Program on Grasset Project 2015-04-09
TORONTO, ONTARIO--(Marketwired - April 9, 2015) - Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to report that it has completed the initial phase of the diamond drilling program on its wholly-owned Grasset Property, located along the eastern extension of the Detour-Sunday Lake deformation zone in the highly prolific Abitibi Mining District of Quebec.
Xmet Provides Grasset Drilling Update, Expands Program 2015-03-16
TORONTO, ONTARIO--(Marketwired - March 16, 2015) - Xmet Inc. ("Xmet" or the "Company") (TSX VENTURE:XME) is pleased to announce that it thus far completed drilling eight holes on its Grasset Project out of the ten holes originally planned. Three of these holes encompassing approximately 460 metres have been cut and sent to the lab for assays. The remaining completed holes are being cut and processed and will be sent for assays in the near future.