Globex/Osisko Drilling on Wood-Pandora Property
ROUYN-NORANDA, QUEBEC--(Marketwired - Sep 16, 2013) - Globex Mining Enterprises Inc. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to provide initial results from the current drill campaign on the Wood-Pandora property located in Cadillac Township, Quebec in joint venture with Osisko Mining Corp..
At August 31, 2013, a program comprising of twelve (12) drill holes was completed. These first twelve holes of the drill program are widely spaced and designed to explore the stratigraphy at depth over the entire 3.5 km strike length of the Cadillac Break across the Property in zones previously untested. One of the holes was drilled in the Amm Shaft area.
Complete assay results are available from the first 3 holes of the drill campaign.
Hole W-13-101 returned two significant gold intersections as follows:
| From (m)-To (m) | Width (m) | Au g/t |
| 356.0-357.1 | 1.1 | 5.3 |
| 390.2-394.5 | 4.5 | 6.4 |
Hole W-13-102 did not intersect significant gold mineralization.
Hole W-13-103 intersected a high grade zone as follows:
| From (m)-To (m) | Width (m) | Au g/t |
| 610.1-612 | 1.9 | 29.1 |
True widths are approximately 75 % of intersected core lengths.
Results from the remaining 9 holes will be reported on when the full assay data set is available.
Globex core sampling and quality assurance/quality control procedures and assay methods are available on Globex's website at www.globexmining.com under Media, Technical Information.
27,896,018 shares issued and outstanding
This news release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person and operator of the Wood Pandora joint venture.
| We Seek Safe Harbour. | Foreign Private Issuer 12g3 - 2(b) |
| CUSIP Number 379900 50 9 |
Forward Looking Statements
Except for historical information, this news release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ("Globex"). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the "Annual Information Form" filed by Globex on SEDAR at www.sedar.com
Contact
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
819.797.5242
819.797.1470
info@globexmining.com
www.globexmining.com