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Globex Mining Enterprises completes aeromag survey at Francoeur, Arntfield, Lac Fortune Gold Mines in Quebec

Globex said that it had decided to carry out airborne surveys of a "significant number of other Globex properties" over the next several months

Globex Mining Enterprises Inc. -
The airborne survey will allow Globex to trace gold bearing horizons and structures

Globex Mining Enterprises Inc (TSE:GMX) (OTCQX:GLBXF), the mineral property bank, said it had completed the 2,000-kilometer airborne survey at its Francoeur, Arntfield, Lac Fortune Gold Mines property in Beauchastel and Dasserat townships in Quebec, and was so pleased with the data that it flew over other properties.

"The initial mag maps are of excellent quality and more than meet our expectations that the detail provided by the survey will allow Globex to trace gold bearing horizons and structures in areas of overburden cover and predict displacement caused by faulting," the firm said in a brief statement.

READ: Globex Mining Enterprises to start airborne survey at Francoeur/Arntfield/Lac Fortune gold mines property in Quebec

"We recently completed a similar survey on our Laguerre-Knutson gold mine property near Larder Lake, Ontario, the Napping Dwarf gold property tying onto the west side of Sleeping Giant Gold Mine and the Blackcliff Gold Mine property, east of Malartic (in conjunction with Altai Resources Inc(ATI-TSXV))," the firm added.

Globex also told investors that it had decided to carry out airborne surveys of a "significant number of other Globex properties" over the next several months.

Following on from the airborne survey, a crew is currently on the Francoeur/Arntfield/Lac Fortune Gold Mines property, mapping, sampling, and prospecting in part on selected targets, added Globex.

Contact the author at giles@proactiveinvestors.com

Quick facts: Globex Mining Enterprises Inc.

Price: 0.76 CAD

TSX:GMX
Market: TSX
Market Cap: $41.52 m
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