Globex Mining Enterprises' partner Chibougamau extends depth of C-3 copper-gold discovery with latest drilling
Globex Mining Enterprises Inc (TSE:GMX) (OTCMKTS:GLBXF) partner Chibougamau Independent Mines Inc (CVE:CBG) posted the results of the deepest drill hole so far at the C-3 copper/gold discovery on the Bateman Bay property in Quebec, which hit precious metals.
Globex, an exploration, royalty and property bank, holds a 3% gross metal royalty on the Bateman Bay and Grandroy mine properties.
READ: Globex Mining Enterprises’ partner Chibougamau ends current drill program at Bateman Bay
The hole hit the C-3 copper-gold zone 65 metres below a previous hole at a vertical depth of 515 metres (m), Chibougamau told investors in a statement.
That previous hole hit 7.7% copper, 3.6 grams per ton (g/t) gold, 33.3 g/t silver and 0.03% cobalt over a core length of 9.2 metres, while the latest hole intercepted two zones of copper-gold mineralization.
Highlight assays included 9.3 m at 2.5% copper, 4.2 g/t gold , 11.1 g/t silver and 0.014% cobalt from a depth of 582.2 metres and 4.1% copper and 0.6 g/t gold from a 5.6 m length from a depth of 597 m.
“Recent drilling in conjunction with 3D modeling has led us to the conclusion that the C-3 zone strikes close to north-south rather than northwest–southeast as all the other orebodies within the main Chibougamau Mining Camp,” added Chibougamau.
More drilling
The firm said it is currently drilling another hole to probe for the northern edge of the C-3 zone at a depth of around 400 metres, 75 m north of a hole, which hit 15.7 metres grading 3.1% copper, 3 g/t gold, 13 g/t silver and 0.023% cobalt.
After that, the drill rig will test an induced polarization (IP) anomaly on land northeast of the C-3 zone.
Contact the author at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/913992/globex-mining-enterprises--partner-chibougamau-extends-depth-of-c-3-copper-gold-discovery-with-latest-drilling-913992.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).