Globex intersects high grade copper at Tom Lake, expands zone

Globex Mining Enterprises (TSE:GMX) announced Wednesday it intersected as high as 12.39% copper at the Tom Lake area on its wholly owned Tonnancour property in Quebec.
The Tonnancour project consists of 63 claims covering 3,568 hectares, and is located mainly over the Tonnancour and Josselin townships in southwestern Quebec, approximately 15 kilometres south of the city of Lebel-sur-Quevillon.
The results are from a second-tier drill program, which examined the down dip and lateral extensions of the Tom Lake mineralization. To date, 25 of the planned 27 holes have been drilled.
Assays from hole GT-11-15 returned 5.02% copper, 4.96% zinc, 35.7 grams per tonne (g/t) silver and 0.75 g/t gold over 4.5 metres, including 3.0 metres grading 7.3% copper, 7.27% zinc, 51.82 g/t silver and 1.11 g/t gold.
This hole tested the down dip extension of the high grade volcanogenic massive sulphide mineralization, which showed the Tom Lake area to be open at depth, the company said.
Subsequent holes, including GT-11-16 and GT-11-18, expanded the zone down dip and laterally, along the 200-metre strike length.
Hole GT-11-16 intersected 5.0 metres grading 4.11% copper, 1.92% zinc, 22.8 g/t silver, and 0.77 g/t gold, including 12.39% copper, 8.51% zinc, 87.7 g/t silver and 1.03 g/t gold over 0.95 metres.
Meanwhile, hole GT-11-18 returned 5.2 metres grading 1.87% copper, 2.17% zinc, and 10.6 g/t silver, including 3.72% copper, 0.69% zinc, and 18.3 g/t silver over 1.7 metres.
Globex, whose stock on the Toronto Stock Exchange rose 6.67% to $2.24 per share as of 11:56 am EDT, said it intends to release assay results from the last seven diamond drill holes at the property as they are received.