Core Viewpoint - Globex Mining Enterprises Inc. provides updates on its Tyrone property and Kewagama Gold Royalty, highlighting significant mineral discoveries and ongoing drilling activities that may enhance the company's asset value [1][10]. Group 1: Tyrone Property - The Tyrone property is located in the Eeyou Istchee James Bay region of Quebec, consisting of 41 claims adjacent to Azimut Exploration Inc.'s Kukamas property, which is in a joint venture with KGHM International Ltd. [2] - Recent drill results from Azimut indicate significant mineralization, including 8.42% Ni, 0.55% Cu, and 7.25 g/t PGE over 1.9 meters, suggesting that mineralized formations may extend into Globex's Tyrone claims [3][4]. Group 2: Kewagama Gold Royalty - Radisson Mining Resources Inc. plans to conduct 22,000 meters of drilling on the O'Brien Gold Mine property, which includes targeting gold zones on the Kewagama Gold Mine, where Globex holds a 2% Net Smelter Royalty [7]. - Previous drilling on the Kewagama Gold Mine has shown high-grade gold mineralization, with results such as 7.97 g/t Au over 3.20 meters and 9.70 g/t Au over 4.00 meters, including a notable intersection of 37.7 g/t Au over 1 meter [8][9].
Globex Provides Update on Tyrone and Kewagama Royalty Properties
Globenewswire·2025-01-29 15:20