Brunswick Reports Additional Lithium Assays on Globex’s Lac Escale (Mirage) Royalty Area

In This Article:

Globex Mining Enterprises Inc.
Globex Mining Enterprises Inc.

ROUYN-NORANDA, Quebec, Oct. 08, 2024 (GLOBE NEWSWIRE) -- 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 report that Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB, 1XQ-Frankfurt) has disseminated a press release regarding the first set of 2024 drill results on Globex’s Lac Escale (Mirage) property including within the Globex one kilometer external boundary area of influence, in the James Bay area of Quebec. Globex retains a 3% Gross Metal Royalty on the Lac Escale claims and $ 100,000 per year advance royalty payments commencing at the fifth year of the agreement.

The drill campaign focused on the Central Zone, including the MR-6 and MR-3 dykes (see Brunswick June 4, 2024 press release), and has continued to intersect wide and well mineralized intervals on their extension and at depth.

Highlights include:

  • Several new lithium pegmatites were intercepted immediately surrounding MR-6 dyke located in the Central Zone. Significant dyke staking is observed to the East and North of MR-6 The mineralization in the Central Zone is now identified over across multiple holes stretching over 1,000 meters of strike length.

  • Multiple significant, near-surface intervals extending the MR-6 dyke with 1.75% Li2O over 40.4 meters in drill hole MR-24-73, 1.07% Li2O over 24 meters in drill hole MR-24-74 and 1.25% Li2O over 16 meters in drill hole MR-24-72.

  • Three new stacked dykes confirmed located 250 meters to the East of MR-6 with 1.25% Li2O over 26 meters, 1.49% Li2O over 26.2 meters and 1.93% Li2O over 22.35 meters all in drill hole MR-24-76.

  • Brunswick Exploration will start metallurgical studies in the coming weeks for the MR-6, MR-4 and MR-3 dykes.

Since the beginning of 2024, Brunswick has drilled approximately 12,000 metres to discover, delineate and expand the spodumene bearing pegmatites.

Highlights of the 2024 summer drill campaign in today’s Brunswick press release includes the following:

Highlights from 2024 Summer Drilling Program Mentioned in The Current Brunswick Press Release

 

Hole ID

Dyke

From
(m)

To (m)

Length (m)

Li2O (%)

Ta2O5
(ppm)

MR-24-72

MR-6

3.4

5.2

1.8

1.05

223

MR-24-72

21.52

37.45

15.93

1.25

255

incl.

24.4

28

3.6

2.12

310

MR-24-72

43.7

49

5.3

1.75

197

MR-24-72

55.85

57.65

1.8

2.15

281

MR-24-72

60.75

61.25

0.5

2.09

272

MR-24-72

62.45

65.85

3.4

1.71

211

MR-24-72

70.2

82

11.8

1.94

167

incl.

73

80

7

2.62

199

MR-24-72

 

114.2

131.95

17.75

1.42

110

MR-24-72

 

154.05

158.15

4.1

1.20

131

MR-24-73

MR-6

88.2

128.6

40.4

1.75

154

incl.

109

116

7

2.34

136

MR-24-73

 

165

172

7

1.40

154

MR-24-74

MR-6

111.45

135.45

24

1.07

125

MR-24-76

 

57

58.7

1.7

1.66

233

MR-24-76

 

83.7

91.9

8.2

1.38

294

MR-24-76

 

125

151

26

1.25

328

MR-24-76

 

162.65

164.25

1.6

1.53

263

MR-24-76

 

179.1

205.3

26.2

1.49

248

incl.

 

189

195.55

6.55

2.24

416

MR-24-76

 

215.6

220.65

5.05

1.12

232

MR-24-76

 

258

260.9

2.9

0.64

240

MR-24-76

 

294.65

317

22.35

1.93

492

incl.

 

295.7

306.55

10.85

3.09

663

MR-24-77

 

60.45

62.45

2

0.01

669

 

 

 

 

 

 

 

Today’s Brunswick press release can be accessed by clicking here.