ROUYN-NORANDA, Quebec, May 26, 2022 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide a brief update on the latest drill result announced by Starr Peak Mining Ltd. (TSXV:STE, OTCQX:STRPF) today on Globex’s NewMétal property, Normetmar Zone, at Normetal, Quebe
Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV: STE) (OTCQX: STRPF) is pleased to announce additional drill results from its ongoing drill program on its 100% owned NewMétal property ("NewMétal" or "the Property"), located in the Abitibi Greenstone Belt of Québec near the town of Normétal. See below Table 1 and Figure 1 showing assay results to date and Zinc Equivalent (Zn_Eq) calculations for mineralized intervals.
Starr Peak Mining Ltd. ("Starr Peak" or the "Company") (TSXV: STE) (OTCQX: STRPF) is pleased to announce the exercise of all remaining warrants with an expiration of May 22, 2022 for a total exercise of 1,425,335 warrants at a strike price of $0.75 adding a total of $1,069,001.25 to the treasury. The warrants were offered in connection with a $555,100.50 financing which closed on May 25, 2020. The company has a total of 43,563,438 shares issued and outstanding.