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Globex Mining Ent ( (TSE:GMX) ) has shared an announcement.
Globex Mining Enterprises Inc. has announced additional high-grade gold assay results from its Ironwood Gold Zone located at the Wood Gold Mine/Central Cadillac Mines property in Quebec. The recent drill program, comprising 19 drill holes, aimed at defining the deposit’s boundaries and confirming its high-grade nature, yielded promising results with multiple gold zones intersected. This advancement enhances Globex’s understanding of the deposit’s shape and gold distribution, enabling the company to progress further in its strategic planning and potential operational development. Additionally, the company is poised to benefit from its stake in Electric Royalties, which holds royalties on the Battery Hill manganese project.
More about Globex Mining Ent
Globex Mining Enterprises Inc. is a mining company listed on multiple stock exchanges, including the Toronto Stock Exchange and OTCQX in the US. The company focuses primarily on exploring and developing gold mining properties, with a market focus on high-grade gold zones, as demonstrated by its operations at the Wood Gold Mine/Central Cadillac Mines property in Quebec.
YTD Price Performance: 1.28%
Average Trading Volume: 39,300
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$66.44M
For an in-depth examination of GMX stock, go to TipRanks’ Stock Analysis page.
