Globex Mining provides Turner Falls exploration update

Globex Mining Enterprises (TSE:GMX) said Tuesday that over the late summer and fall seasons, the company undertook ground work and geophysical surveys on the Turner Falls rare earths property in the Kipawa area of Quebec.
Shares were up six cents, or 3.90 percent, to trade at $1.60 today on the Toronto Stock Exchange.
The Turner Falls property consists of 16 contiguous claims totalling 942-hectares and rests mainly in the Villedieu Township, Quebec.
Globex said more than 550 new data points of detailed geological observations were recorded and 230 new rock samples – both mineralized and un-mineralized rocks – were collected.
Of the 230 samples, roughly 51 grab samples were above the upper detection limit measurable using a mass spectroscopy method.
However, the company said these samples must be re-analyzed to accurately define the high assays by using four percent nitric acid dissolution. The company noted that grab samples are selective samples, and in this case, taken for assay due to anomalous readings taken in the field.
Globex said it will release results after the re-assays have been received and compiled.
In addition, the company said it discovered 10 new outcroppings of rare earths-bearing mineralization on top of those already located.
Globex Mining is a development-stage Canadian mining exploration company with a North American portfolio of properties with gold, copper, silver, platinum, uranium, rare earth, nickel, magnesium and talc potential.