Globex Mining Enterprises Reports High-Grade Gold Intersections at Duquesne West
Globex Mining Enterprises (GMX.TO) said Tuesday that Emperor Metals Inc (AUOZ.CN) has reported continued intersections of high-grade gold across significant widths on the Duquesne West gold property located in the Abitibi of Quebec under option from Duparquet Assets Ltd. 50% owned by Globex.Latest assays from hole DQ 26-20 within the conceptual Main Pit intersected 61.5 g/t Au over 15.0 meters with several occurrences of visible gold, stated the company.The intersection is primarily made up of two adjoining assays of 557.5 g/t over 1.4 meters and 100.9 g/t Au over 1.0 metre but occur within a wide 35.8 meter halo of lower but anomalous gold values which presents an overall intersection of 26.09 g/t Au over 35.8 meters, it said."Interestingly, the new high-grade intersection occurs 35 meters down plunge from a 1995 historical hole by Sante-Fe Canadian Mining which in Hole DQ95-21 intersected 20.9 g/t Au over 16.0 meters," added the company. "Of note also reported from the current drill program was hole DQ 26-36 located east of the conceptual pit which returned 7.9 g/t Au over 1.5 metres and 0.5 g/t Au over 28.0 meters."Globex's shares were last seen unchanged at $1.96 on the Toronto Stock Exchange, while Emperor Metals' shares were last seen up $0.03 or 15% at $0.23 on the Canadian Securities Exchange.
