Globex Mining Enterprises Closes Two More Property Deals
ROUYN-NORANDA, Quebec, Aug. 25, 2020 -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchangesand GLBXF – OTCQX International in the US) is pleased to inform shareholders of two additional property deals.
In the first case, Globex sold 100% interest in all 16 cell fractions of the Sigma East Property, located east of the Sigma Mine and 1 cell fraction, the Sigma 2 property, to Eldorado Gold Quebec Inc., a subsidiary of Eldorado Gold Corporation (ELD-TSX), for a single cash payment of CAD $1,606,000.00. Historical drilling intersected erratic gold mineralization on several of the cells.
In the second case, Globex sold six (6) cells in the Windfall mining camp to Osisko Mining Inc. (OSK-TSX). One of the Windfall area cells is on strike and to the east of Osisko’s Windfall gold deposit, three are further southeast and off the main structure and two are near, to southwest and on strike of the Black Dog gold deposit. In exchange for the cells, Osisko has paid Globex one hundred thousand dollars ($100,000.00) in cash. Globex has retained a two percent (2%) Gross Metal Royalty.
- Published: 25 August 2020
- Written by Editor