Globex: Tres-Or Announces Intent to Acquire the Fontana Gold Project, Quebec
July 05 2011 - 9:41AM
Marketwired
"Tres-Or Resources Ltd. ("Tres-Or") (TSX VENTURE: TRS) and Globex
Mining Enterprises Inc. ("Globex") (TSX: GMX)(FRANKFURT:
G1M)(OTCQX: GLBXF) are pleased to announce that they have signed a
Letter of Intent for Tres-Or to acquire the interests in certain
mineral claims in Quebec of Globex, being a 75% interest in 16
claims and a 100% interest in 6 claims, collectively the Fontana
Gold Property. The Fontana property is located 16 km northeast of
Amos in Duverny Township, Quebec. The project is proximal to
Tres-Or's advanced Duvay Gold Project and is contiguous with the
Company's East Mac property.
In order to secure the property interest while a definitive
agreement is being prepared, Tres-Or has made a non-refundable
deposit of $25,000 and will endeavor to enter into a formal
agreement with Globex on or before September 15, 2011.
According to Quebec government reports describing the historic
work carried out on Fontana, gold mineralization was discovered in
veins in the Fontana Fault in the 1930's. Considerable work
consisting of stripping, test pits, bulk testing and drilling has
occurred on the Fontana Gold Project in subsequent decades of the
1940s, the 1980s, and 1990s. Gold mineralization is associated with
pyrite and chalcopyrite rich quartz veins in the principal fault
structures and associated fractures mapped on the property. Gold is
often free gold and is erratic in distribution. Tres-Or previously
sponsored detailed structural mapping as a preliminary part of its
evaluation and due diligence on the property. Separately Globex
holds a 15% Net Profits Interest on the original block of 16
claims."
This press release was written by Jack Stoch, P. Geo., President
and CEO of Globex in his capacity as a Qualified Person (Q.P.)
under NI 43-101.
"We Seek Safe Harbour." Foreign Private Issuer 12g3 - 2)
CUSIP Number 379900 10 3
Forward Looking Statements
Except for historical information, this news release may contain
certain "forward looking statements". These statements may involve
a number of known and unknown risks and uncertainties and other
factors that may cause the actual results, level of activity and
performance to be materially different from the expectations and
projections of Globex Mining Enterprises Inc. ("Globex"). No
assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Globex will derive therefrom. A more
detailed discussion of the risks is available in the "Annual
Information Form" filed by Globex on SEDAR at www.sedar.com
22,035,675 shares issued and outstanding
Contacts: Jack Stoch, P.Geo., Acc.Dir. President & CEO
Globex Mining Enterprises Inc. 819.797.5242 819.797.1470 (FAX)
info@globexmining.com www.globexmining.com
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