Wednesday, 23rd July 2008 (412 views)

Globex Mining has announced a hole at its Ironwood gold deposit has reported 7.55 g/t of gold across 9.59 metres.

Included within this intersection is a grading of 11.73 g/t of gold across 5.69 metres.

In addition, there are grades of 19.22 g/t of gold across 1.95 metres and 13.55 across 1.94 metres.

Below this hole is another which produced an assay result of 22.6 g/t of gold across 11.63 metres.

Another six holes have been drilled for geotechnical purposes at the Ironwood gold deposit and the company is waiting for assay results.

Globex Mining owns half of the property which is situated in Cadillac Township, Quebec.

Last month, Globex Mining reported it had discovered gold at its Hunters Point property.

Surface samples at the site suggested a grading of 7.94 g/t of gold.

In total, Globex Mining has 53 properties or projects in the Abitibi Greenstone belt in Quebec and Ontario.

 

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