Globex Mining confirms open pit concept at Duquesne West, Quebec
Globex Mining Enterprises Inc. [TSX: GMX; OTCQX: GLBXF] reported that Emperor Metals Inc. has announced the assay results from the first three drill holes (Holes DQ 24-01 to DQ 24-03, 1,452 metres) of their 19-hole drill program (8,166 metres) at the Duquesne West property located in Duparquet Township, Quebec, under option from Globex.
The Duquesne West Property has a historical mineral resource estimated at 727,000 oz. gold grading 5.42 g/t Au (or 853,000 oz. Au grading 6.36 g/t Au uncut).
The current drill program was initiated to “demonstrate that additional ounces are contained within the conceptual open-pit model and that low-grade bulk tonnage is indeed unaccounted for and will be added to a new mineral resource update expected in Q1 of 2025” per John Florek, President, CEO and Director of Emperor.
The currently reported results including 52.1 metres grading 0.8 g/t Au and 30.2 metres grading 0.4 g/t Au feed into Emperor’s conceptional model of a potential lower grade, bulk tonnage gold deposit and is discussed in today’s Emperor press release, in which the following reasoning is presented.
“The common theme to this low-grade bulk tonnage mineralization in this release is that it is hosted adjacent and within the previous unsampled QFP’s. There is currently a paucity of drilling to define the extent and breath of this mineralization, more drilling is needed.
In general, mineralization expands in thickness as well as continuity along strike/dip. Although this mineralization is lower grade, it is contained in the Conceptual Open-Pit Model and is expanding zones in the footwall of this deposit that will add ounces to the upcoming mineral resource estimate. Additionally new zones are being discovered for follow-up.
By concentrating on drilling near surface mineralization within an ultimate conceptual open pit, Emperor can add ounces more rapidly and mine at a significantly lower grade compared to an underground mining scenario.”
Globex is following Emperor progress attentively and looks forward to additional drill results as well as assaying from historical drill holes sampled in order to potentially expand upon the potential low grade, bulk minable deposit model.
Azimut Exploration has announced 2,000-metre maiden drill program on the Perseus nickel discovery on their Kukamas property in the James Bay area of Quebec. The Kukamas property directly adjoins and is on strike to Globex’s Tyrone project.
Globex’s Tyrone property has numerous gold and base-metal occurrences in multiple horizons. See map below showing mineralization on Globex’s property and the location of Azimut’s nearby nickel discovery. Globex has completed an aeromagnetic and VTEM survey over the property and an initial property visit.