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Globex sells Kiena-proximity Tarmac Gold Property to Wesdome

Jul 13, 2021

GLOBEX MINING ENTERPRISES INC. has sold its Tarmac Gold Property in Dubuisson Township, Quebec to Wesdome Gold Mines Ltd. for one million dollars ($1,000,000) and a 1% Gross Metal Royalty.

The property consists of 6 claims covering 94 hectares located entirely within Wesdome’s Kiena Mine Complex and less than 2 kilometers northeast of the Kiena underground mine, all located beneath Lac De Montigny. Previous drilling by Globex in 1996 returned numerous gold intersections such as holes TM-10 (14.22 g/t Au, 84.1 g/t Ag and 6.49% Cu over 1.2 m) and TM-24 (29.92 g/t Au and 22.4 g/t Ag over 2.24 m).

Globex has maintained the Property since the 1996 drilling program due to the evident economic potential. The Property is surrounded on all sides by Wesdome claims, thereby positioning the company to facilitate the potential exploration and advancement of these claims.

Tags: Quebec / Deals & Financial / Gold / All Articles