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Globex Mining Enterprises Inc. (GMX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.6800+0.0300 (+4.62%)
As of 11:59AM EST. Market open.
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Previous Close0.6500
Open0.6600
Bid0.6600 x 0
Ask0.6600 x 0
Day's Range0.6600 - 0.6800
52 Week Range0.2600 - 0.8100
Volume15,500
Avg. Volume40,039
Market Cap37.412M
Beta (5Y Monthly)1.26
PE Ratio (TTM)6.02
EPS (TTM)0.1130
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Laguerre/Knutson Drill Summary
    GlobeNewswire

    Laguerre/Knutson Drill Summary

    ROUYN-NORANDA, Quebec, Dec. 01, 2020 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International in the US) has now received all the assays from our recent drilling on our Laguerre/Knutson gold project near Larder Lake, Ontario. Seven hundred and fifty-nine metres (759 m) were drilled in three holes on the Knutson portion of the property where historical trenching returned 0.42 oz/t Au over an average width of 5.3 feet for a length of 160 feet on Vein 1 and 0.25 oz/t Au over an average width of 5.9 feet for a length of 90 feet (see Globex press release dated September 17, 2020.The three holes each intersected three zones of intense alteration, shearing and mineralization principally disseminated pyrite corresponding to the downward projection of the mineralized zones. Despite the obvious visual indicators in the core, the assays did not match those from surface sampling and are listed below:HOLE ZONE NAMEGOLD (g/t Au)TRUE WIDTH (m) LK-20-01Knutson 20.66 g/t2.83 m   Incl.: 1.28 g/t1.16 m LK-20-01Knutson East1.10 g/t5.66 m   Incl.: 6.96 g/t0.46 m LK-20-2Knutson 20.56 g/t8.25 m   Incl.: 1.53 g/t1.54 m LK-20-3Knutson 20.64 g/t11.05 m   Incl.: 1.74 g/t1.87 m While the three drill holes did not return assays comparable to those reported on surface and encountered in grab sampling by Globex, the fact that the zones do project to depth as displayed by the intense alteration, shearing and sulphide mineralization is a positive outcome which suggests more work is warranted.Two drill holes LK-20-04 and LK-20-05, totaling 422.7 metres were targeted as potential extensions to the north of the Laguerre gold Zone. Neither drill holes intersected a projection of the hosting rock unit. Several areas of weak sulphide mineralization were observed in the drill holes but did not return significant gold assays. The drill holes will be added to the data base to see if the added geological information can give us a clue as to other target areas for the projection of the host unit.The Raven River gold zone east of the Laguerre/Knutson gold zones was not tested nor were two new target areas defined by a detailed aeromagnetic survey undertaken earlier this year by Globex.Delivery and sample preparation:All samples were delivered to Expert Laboratories Inc., located at 750-A rue Saguenay, Rouyn-Noranda, Quebec. The laboratory conducted all aspects of the sample preparation. Samples were dried and crushed to 90% passing a -10 mesh screen. A 300-gram subsample was taken for pulverization to a nominal 90% passing -200 mesh with the remaining crushed rejects being retained.Gold AssayingA 29.166-gram sub-sample of this pulp (1 assay-ton) was taken and was fused following the standard procedures used in a fire assay method. The gold content of all samples was determined using Atomic Absorption Spectroscopy (Method Code: Au FA-GEO, lower detection limit 5 ppb). Any samples found to contain greater than 1 g/t Au were subjected to a re-assay, whereby the gold content was determined using a gravimetric fire assay method.This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.We Seek Safe Harbour.Foreign Private Issuer 12g3 – 2(b)  CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com Forward Looking Statements: Except for historical information, this news 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 the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, 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

  • Declining Stock and Solid Fundamentals: Is The Market Wrong About Globex Mining Enterprises Inc. (TSE:GMX)?
    Simply Wall St.

    Declining Stock and Solid Fundamentals: Is The Market Wrong About Globex Mining Enterprises Inc. (TSE:GMX)?

    It is hard to get excited after looking at Globex Mining Enterprises' (TSE:GMX) recent performance, when its stock has...

  • GlobeNewswire

    Globex Receives Option Renewal Payments From Excellon

    ROUYN-NORANDA, Quebec, Sept. 22, 2020 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has received the year two option payment from Excellon Resources Inc. (EXN-T) required under the agreement between Excellon and Globex, concerning the Bräunsdorf Silver project in Saxony, Germany, now called the Silver City Project. The second-year option payment consists of $100,000 in cash and $325,000 in Excellon stock (see Globex’s press release dated September 24, 2019 for agreement details). Excellon has recently consolidated its stock on a 5 for 1 bases in order to facilitate listing on the New York Stock Exchange.Excellon is currently drilling on a variety of target areas both for proof of concept in certain areas and to test for mineralization in areas of historical production. The current program consists of 15 drill holes with an additional 12 holes follow-up should drilling intersect anticipated veining and mineralization. Excellon is currently undertaking planning of the year two phase of exploration on the Silver City Project.Globex is looking forward to the first series of drill results from both the proof of concept holes and the holes exploring in areas of historical mining.The Silver City project area has a 750-year history of pick and shovel mining. Globex and now Excellon, are the first to do modern exploration in the area which covers some 164 square kilometres and numerous areas of historical mining and mineralization. Visit Excellon’s website www.excellonresources.com for more in depth understanding of the project and its potential.This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.We Seek Safe Harbour.  Foreign Private Issuer 12g3 – 2(b)  CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com www.globexmining.com Forward Looking Statements: Except for historical information, this news 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 the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (“Globex”).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, 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