Starr Peak Announces Zinc and Copper Intersections on Globex’s “NewMetal” Royalty Property
May 18 2022 - 9:00AM
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 inform shareholders
that today Starr Peak Mining Ltd. (STE-TSXV, STRPF-OTCQX) issued an
extensive press release in which it reported the following:
-
Deep drilling of the Normetmar trend in hole STE-21-92-W3 has
intersected a high-grade copper interval of over 15%
chalcopyrite (“Cpy”) mineralization over 3.7 metres.
Chalcopyrite is a copper mineral (3% Cpy = 1% Cu).
-
Recent Deep zone drilling results include 5.03% Zn Eq over
12.5 m in hole STE-22-092-W2, which includes 1.01%
Cu.
-
A new Volcanogenic Massive Sulphide (“VMS’) horizon has
been discovered in the northern half of the property.
The currently reported drill intersections are
on the Deep Zone of the Normetmar orebody and are presented by
Starr Peak as follows:
Deep Zone Results Normetmar, NewMetal
Property
Zone |
Hole No. |
From(m) |
To(m) |
Length(m) |
Zn(%) |
Cu(%) |
Ag(g/t) |
Au(g/t) |
Zn Eq(%) * |
Deep |
STE-22-092-W2 |
1088.00 |
1100.50 |
12.5 |
1.27 |
1.01 |
11.41 |
0.21 |
5.03 |
|
Incl. |
1094.00 |
1098.50 |
4.5 |
0.39 |
1.86 |
21.18 |
0.38 |
7.29 |
|
STE-21-077 |
750.70 |
756.65 |
5.95 |
1.69 |
0.19 |
6.82 |
0.06 |
2.58 |
|
STE-21-082-W2 |
747.00 |
755.80 |
8.80 |
1.45 |
0.24 |
4.60 |
0.06 |
2.43 |
|
Incl. |
748.60 |
752.35 |
3.75 |
2.95 |
0.50 |
7.25 |
0.11 |
4.88 |
|
STE-22-087 |
712.25 |
721.35 |
9.10 |
1.71 |
0.83 |
11.38 |
0.24 |
5.00 |
|
Incl. |
713.30 |
713.70 |
0.40 |
0.66 |
7.83 |
76.70 |
1.04 |
28.12 |
|
Incl. |
719.00 |
719.75 |
0.75 |
7.04 |
0.29 |
6.40 |
0.22 |
8.56 |
|
STE-22-087-W1 |
690.50 |
701.20 |
10.70 |
0.57 |
0.75 |
8.22 |
0.11 |
3.26 |
|
Incl. |
690.50 |
691.85 |
1.35 |
0.59 |
2.29 |
27.24 |
0.42 |
9.03 |
|
STE-22-088-W1 |
768.40 |
778.30 |
9.90 |
0.60 |
0.04 |
8.14 |
0.03 |
1.02 |
|
Incl. |
776.00 |
778.30 |
2.30 |
1.08 |
0.01 |
22.63 |
0.08 |
1.96 |
|
STE-22-092 |
1122.70 |
1126.00 |
3.30 |
1.41 |
0.05 |
3.30 |
0.02 |
1.71 |
|
Incl. |
1123.40 |
1126.00 |
2.60 |
1.69 |
0.06 |
3.87 |
0.02 |
2.03 |
Intervals are reported as drill core lengths
measured downhole. True width of mineralization is currently
unknown.
Wedge hole STE-22-092-W2 returned 12.5
metres grading 5.03% zinc equivalent including 1.01%
copper. Additional wedge hole, STE-21-92-W3,
above this hole is reported to have intersected more than
15% chalcopyrite over 3.7 metres.
Assays are pending on this wedge hole.
Globex retains a 2.5% Gross Metal
Royalty on the Normetmar Zone and retains over one million Starr
Peak shares. (Note: Production royalties only pay upon
production).
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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