Cartier will update its resources on Nordeau royalty from Globex

ROUYN-NORANDA, Quebec, June 03, 2022 (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 Exchangeangels and GLBXF – OTCQX International in the United States) is pleased to inform shareholders that Ressources Cartier inc. (ECR-TSXV) announced that InnovExplo inc. was given the mandate to estimate the gold resources of the Nordeau Ouest deposit located 450 meters east of the Chimo de Cartier mine.

Philippe Cloutier, President and CEO of Cartier Resources said: “This new resource estimate will allow the NI 43-101 resources of the Nordeau Ouest deposit to be incorporated into resource estimation parameters that take into account the lateral proximity of existing and planned mining sites. infrastructure of the Chimo Mine property”.

Globex retains a 3% gross royalty on the Nordeau West deposit as well as a large number of other claims to the east along the Cadillac Break corridor.

(Note: Production royalties are only payable upon production.)

This press release was prepared by Jack Stoch, P. Geo., President and Chief Executive Officer of Globex in his capacity as a Qualified Person (QP) under NI 43-101.

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For more information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President and CEO
Globex Mining Enterprises Inc.
86, 14e Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Such. : 819.797.5242
Fax: 819.797.1470
[email protected]
www.globexmining.com

Forward-looking statements: Except for historical information, this press 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 actual results, level of activity and performance to differ materially from Globex Mining’s expectations and projections. Enterprises Inc. (“Globex”). No assurance can be given that the events anticipated by the forward-looking information will or will occur, or if any of them occur, 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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