Globex Royalty Claims Yield High-Grade Gold Drill Results in Quebec's East Nordeau Zone
Globex Mining Enterprises Inc., a company listed on multiple stock exchanges including the Toronto Stock Exchange and OTCQX International, has provided an update to shareholders regarding exploration drilling activities conducted by Cartier Resources Inc. on Globex's Nordeau Royalty claims. These claims are situated in Vauquelin Township, approximately 45 kilometers southeast of Val d'Or, Quebec. Globex holds a 3% Gross Metal Royalty on these claims, which encompass the area where Cartier has identified a new gold zone known as the East Nordeau Zone, located on Cartier's Cadillac Property.
Aggressive Drilling Program Unveils New Gold Zones
In late last year, Cartier Resources embarked on an ambitious drilling program, involving 600 drill holes and covering 100,000 meters on its Cadillac property. Recent announcements from Cartier reveal additional drill intersections in the East Nordeau gold zone, which have intersected significant high-grade gold mineralization near the surface. The East Nordeau Zone comprises two parallel high-grade gold zones, designated as EN1 and EN2, separated by about 25 meters. This mineralization has been confirmed over a strike length of 400 meters and remains open to depth, indicating potential for further discoveries.
According to Cartier, the new mineralization environment, characterized by iron formations, suggests a strong opportunity for additional gold discoveries, potentially expanding the target area within the Nordeau Sector. The East Nordeau Zone is positioned 800 meters south of the Contact Sector and the high-grade North Contact Zone, with detailed plan maps, cross-sections, and longitudinal sections available in exhibits from the press release.
Highlight Drill Results Showcase High-Grade Gold
The key results from Cartier Resources' press release include several notable drill intersections:
- In the East Nordeau Zone, drill hole CA25-565 intersected 23.2 grams per tonne of gold over 1.0 meter in the EN1 Zone.
- Drill hole CA25-570 intersected 11.9 grams per tonne of gold over 1.0 meter in the EN1 Zone and 14.1 grams per tonne of gold over 1.0 meter in the EN2 Zone.
- Drill hole CA25-572 intersected 7.3 grams per tonne of gold over 1.0 meter in the EN1 Zone.
It is important to note that, based on observed intercept angles within the drill core, the true thicknesses of these mineralized zones are estimated to represent approximately 70-95% of the reported core length intervals. These results confirm the newly recognized high-grade gold zone near the surface, with Cartier planning further drilling to refine the geological model and verify mineralization continuity.
Future Exploration Plans and Regional Targets
Cartier Resources intends to conduct additional exploration drilling to test several new high-priority regional targets along the strike of the Nordeau Sector and the Cadillac Fault Zone. This ongoing effort aims to enhance understanding of the mineralization and potentially uncover more gold deposits in the area. For more detailed information on the drill results, interested parties can refer to Cartier's latest press release, which includes comprehensive data and exhibits.
This update underscores the promising potential of the Nordeau Royalty claims in Quebec, contributing to the broader mining and exploration landscape in the region.
