Globex Options Kachiwiss Uranium Area Properties
18 Aprile 2024 - 3:35PM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) is pleased to announce that it
has entered into an option agreement wherein
Victory
Battery Metals Corp. (VR-CSE, VRCFF-OTC Pink, VR6-FWB) may
earn 100% interest in four Globex claim groupings in the Sept Iles
region of Quebec.
The claims cover the Kachiwiss Uranium deposit
with a reported historical, non-Ni 43-101, possible resource of
16,598,000 tonnes grading 0.016% U3O8 within a pegmatic dyke
oriented NW45o. The zone, as currently defined, measures 975 metres
long by 610 metres to 760 metres wide and is open. Metallurgical
test work suggests recoveries of up to 92.9% can be achieved.
(Source: Quebec Government files in Sigeom)
In addition to the Kachiwiss deposit, the option
includes a large package of claims covering lake bottom sediment
sample uranium anomalies farther to the north. In total,
156 mining claims make up the package with Globex
retaining a 10-kilometre area of mutual interest surrounding the
current claim blocks. Under the agreement, Globex will
receive $400,000 in cash and 1,500,000 Victory shares over 3 years
with Victory undertaking $3,000,000 of work on the claims over a
4-year period. Globex also retains a 3% Gross Metal
Royalty on all metals, minerals, elements or compounds including
but not limited to uranium, thorium or any other marketable product
from the claims. Victory may, at anytime, purchase 1% GMR from
Globex for a single cash payment of $1,000,000.
This press release was written by Jack Stoch,
Geo., President and CEO of Globex in his capacity as a Qualified
Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
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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