Rouyn-Noranda-based Globex Mining Enterprises is now listed for trading on the Toronto Stock Exchange.
As a result of the listing, $2.2 million provided by five precious metals mutual funds (but put in escrow pending a Toronto listing) has been freed up.
Meanwhile, Globex has been informed by partner Santa Fe Canadian Mining (a wholly owned subsidiary of New York-listed Santa Fe Pacific Gold) that it plans to undertake 25,000 ft. of diamond drilling on the Duquesne West gold property in northwestern Quebec. The property, which has a preliminary geological resource of 514,000 tons grading 0.38 oz. gold per ton, is half-owned by Globex, while Santa Fe holds an option to earn half of Globex’s interest.
Santa Fe has acquired land positions on strike with the Duquesne property, to the west and east.
Meanwhile, Globex has started work on its Subercase and Victoria properties in Quebec.
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