More High-Grade Gold Assays From The Ironwood Gold Zone

ROUYN-NORANDA - Globex Mining Enterprises Inc. reported on the drill holes at the Ironwood Gold Zone on the Wood Gold Mine/Central Cadillac Mines property, 2.6 km east of the Town of Cadillac, Quebec in Abitibi.

Globex has completed 19 drill holes on the gold zone intersecting the gold zone from sub outcrop to a depth of approximately 225 metres vertical. The program was designed to delimit the boundaries of the deposit and to confirm the high-grade nature of the zone. G

Holes NIW-24-09, NIW-24-10 and NIW-24-11, intersected 3 gold zones, 3 gold zones and 4 gold zones respectively while, holes SIW-24-06 and SIW-24-07 each, intersected a zone of wide high-grade gold zone.

The Company is pleased with the gold intersections from the drill program which have added to our understanding of the deposits shape and gold distribution within the area tested. We will now recompile the intersections and put them into a three-dimensional model to help us decide what the next steps shall be in regard to this deposit.