Globex Reports First Drill Results from Rouyn-Merger
Executive Summary
- First two drill holes (RM‑25‑01 and RM‑25‑02) intersected significant gold mineralization, with core grades up to 12.60 g/t Au over multiple intervals.
- Hole RM‑25‑01 returned a 38.7 m interval averaging 3.44 g/t Au; Hole RM‑25‑02 returned a 26.4 m interval averaging 3.47 g/t Au, including an 11.67 g/t Au zone.
- The results are from the initial phase of a 1,095 m, six‑hole program; assays for the remaining four holes are pending and expected before the holidays.
Key Details
- Hole RM‑25‑01 (azimuth 122°, dip 46°) – 38.7 m @ 3.44 g/t Au from 54.3 m to 93.0 m (estimated horizontal width 32.6 m).
- 54.3–61.0 m: 6.7 m @ 12.60 g/t Au
- 66.4–72.7 m: 6.3 m @ 4.59 g/t Au
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88.0–93.0 m: 5.0 m @ 2.87 g/t Au
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Hole RM‑25‑02 (azimuth 122°, dip 65°) – 26.4 m @ 3.47 g/t Au from 75.3 m to 101.7 m (estimated horizontal width 17.1 m).
- 75.3–82.5 m: 7.2 m @ 1.95 g/t Au
- 85.6–89.0 m: 3.4 m @ 1.34 g/t Au
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95.6–101.7 m: 6.1 m @ 11.67 g/t Au
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Vertical midpoint distance between the two intersected zones is ~33 m.
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Assays performed by MSALABS (Val‑d’Or, QC).
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Program status: Six‑hole, 1,095 m drill program completed; four remaining holes awaiting assay results (expected before holidays).
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Subsequent activity: Drill rig moved to Lyndhurst Copper property to test a deep Titan‑25 electromagnetic anomaly; drilling underway on first Lyndhurst hole.
Notable Quotes
“We are encouraged by the high‑grade intervals returned from the initial two holes and look forward to confirming the continuity of mineralization with results from the remaining four holes.” – Jack Stoch, Executive Chairman & CEO (Qualified Person)