Globex Stakes Lithium-Gold Property in Nova Scotia
ROUYN-NORANDA, QUEBEC--(Marketwired - Apr 27, 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 by staking 40 claims covering a strike length of 10 km in Guysborough County, Nova Scotia approximately 200 km northeast of Halifax.
Lithium
In 1999, Nova Scotia Department of Natural Resources personnel discovered a beryl rich pegmatite on the property which returned anomalous amounts of beryllium, caesium, lithium, tantalum and rubidium.
In 2010, stripping exposed a 16 m wide pegmatite in trench #3 which assayed up to 5,360 ppm (0.53%) Li and 1,160 ppm (0.11%) Be among many anomalous assays.
The property was never explored for lithium, as there was no demand at that point in time.
Gold
The Caledonia property was previously explored for gold and rare earths. Historically, gold values of up to 0.24 oz/t Au, 0.91 oz/t Au, 0.60 oz/t Au and 0.28 oz/t Au over lengths of 6 to 18 metres in chip sampling were reported in a property report on Hemany Mines Limited in 1953 by E.P. McDonough BSc., P.Eng.. Globex has not independently confirmed these historical gold assay results.
This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
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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
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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