Globex Mining drills 7.34 m of 4.04 g/t Au at Francoeur
GLOBEX MINING Enterprises Inc. has provided the results from a 10-drill-hole program of short holes on its 100per-centowned Francoeur/ Arntfield gold property located approximately 18 kilometres west of Rouyn-Noranda, Que.
The drill program was designed so as to follow up upon the gold bearing shear south of the main shear (the Francoeur-Wasa shear). The shear termed the south shear was exposed by stripping. Channel sampling returned up to 9.52 grams per tonne Au over a width of 7.1 m including 15.4 g/t Au over 4.1 m (see press release dated Sept. 25, 2017) and 4.25 m g/t Au over 3.75 m.
Subsequent stripping to the east exposed an additional 15 metres of rock which revealed numerous gold values in channel samples including 4.31 g/t Au over 1.65 m before passing below overburden.
Several holes were also positioned so as to also intersect the main shear which roughly parallels the south shear.
Channel sampling in an area stripped by Globex above hole FS 17-45 returned 8.07 g/t Au over two m before going under thick overburden. An area stripped by Globex halfway between holes FS-17-45 and FS-17-42 (114 m apart) returned 5.36 g/t Au over 4.2 m in channel samples and a nearby old trench returned grab sample assays of 9.53 g/t Au, 10.18 g/t Au, 10.15 g/t Au and 6.79 g/t Au.
The drilling and stripping provided mixed results and suggest that the geology may be more complex than previously thought with abrupt changes in dip and pinching and swelling. The south shear zone was intersected in all but three holes with variable widths and gold grades. The gold values seem at first glance to be directly associated with the pyrite content. More pyrite, more gold. The main shear in the area drilled and stripped is the surface expression of the Francoeur No. 1 zone, little of which has been mined.
Globex is merging the new drill and surface sampling data with historical data in order to better understand the strike, dip and plunge of the various higher grade gold zones.
The current exploration program only focused on a very small portion of the property and a particular target. Much more work must be undertaken on these targets to define them to depth and along strike. The company continues to compile the voluminous historical data on multiple gold zones and mineralized areas.
We seek Safe Harbor.
Erika Flores condensed this news release (email@example.com).
Ian Atkinson, Chris Bryan, Dianne Theresa Stoch, Jack Stoch, Johannes Henricus Cornelis van Hoof, Anthony Viele
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