Globex Consolidates 100% Ownership of Blackcliff Gold Zone

Core Viewpoint - Globex Mining Enterprises Inc. has acquired a 100% interest in the Blackcliff Gold Mine Property by purchasing a 50% stake from Altai Resources Inc. for $142,000, enhancing its portfolio in a strategically significant area of Quebec [1][2]. Group 1: Acquisition Details - The Blackcliff Gold Mine Property consists of six claims totaling 127.6 hectares located in Malartic Township, Quebec [1]. - The property is adjacent to the former Camflo Gold Mine, which had a reported resource of 8,862,240 tonnes grading 5.78 g/t Au, and is approximately 6 kilometers northeast of Agnico Eagle Mines Ltd.'s Canadian Malartic Mine [2]. Group 2: Historical Exploration - The Blackcliff Gold Deposit was discovered in 1944, with various shallow drilling campaigns conducted since then, including the establishment of a shaft and drifts in 1947 [3]. - In 1987-88, Essor Exploration conducted a 12-hole, 3,050-meter diamond drill program, which improved the understanding of mineralization and resource evaluation on three of the 14 known veins [4]. Group 3: Resource Estimates - Historical resource estimates indicated probable and possible resources across three veins, with grades ranging from 2.42 g/t Au to 34.29 g/t Au [5][6]. - A subsequent estimate in 1989 reinterpreted the vein structures and calculated a total probable resource of 135,406 tonnes grading 6.89 g/t Au and a possible resource of 120,566 tonnes grading 6.50 g/t Au [7]. Group 4: Exploration Potential - The geological structure of the Blackcliff property shows potential for further exploration, particularly below 300 meters, where previous drilling has been limited [9]. - Globex plans to evaluate the property in light of current strong gold prices and develop an exploration plan to assess the size potential of the Blackcliff gold zone [9].