Globex Mining Enterprises Inc. Announces Significant Gold Intersections at Radisson Mining’s O’Brien Gold Project
On February 26, 2025, Globex Mining Enterprises Inc. (GMX) released a press release to shareholders, announcing new drill results from Radisson Mining Resources Inc. (RDS) on the O’Brien Gold project. The project, located in the Abitibi Greenstone Belt in Quebec, Canada, is significant for Globex as the company retains a two percent (2%) Net Smelter Royalty on the Kewagama Gold Mine portion of the project.
Significant Gold Intersections Reported
The latest drill results include several gold intersections on Globex’s royalty claims. One of the most notable intersections was reported in Hole OB-24-358, which intersected 8.36 grams per tonne gold over 15.0 metres. This gold-bearing interval was part of a larger, mineralized zone that contained multiple veins. Two of these veins, in particular, stood out with high-grade gold assays: 56.0 g/t Au over 1.0 m and 41.1 g/t Au over 1.0 m.
Impact on Globex Mining Enterprises
These impressive gold intersections are a positive development for Globex Mining Enterprises. The company’s two percent (2%) Net Smelter Royalty on the Kewagama Gold Mine means that it will receive a percentage of the revenue generated from the gold produced on these claims. The high-grade gold intersections reported by Radisson Mining Resources suggest that the mine could be a significant source of gold, potentially leading to increased revenue for Globex.
Impact on the World
Beyond the impact on Globex, these gold intersections are also significant for the global gold market. The O’Brien Gold project is part of the larger Abitibi Greenstone Belt, which is known for its rich gold deposits. The discovery of high-grade gold intersections could lead to increased exploration and development activity in the region. This, in turn, could contribute to the global gold supply and potentially influence gold prices.
Conclusion
Globex Mining Enterprises’ two percent (2%) Net Smelter Royalty on the Kewagama Gold Mine portion of the O’Brien Gold project is set to benefit from the latest drill results reported by Radisson Mining Resources. The high-grade gold intersections suggest that the mine could be a significant source of gold, potentially leading to increased revenue for Globex. Furthermore, the discovery could contribute to increased exploration and development activity in the Abitibi Greenstone Belt, potentially influencing the global gold market.
- Globex Mining Enterprises retains a two percent (2%) Net Smelter Royalty on the Kewagama Gold Mine portion of the O’Brien Gold project.
- Radisson Mining Resources reported significant gold intersections in Hole OB-24-358, including 8.36 g/t Au over 15.0 m, 56.0 g/t Au over 1.0 m, and 41.1 g/t Au over 1.0 m.
- These gold intersections are a positive development for Globex, potentially leading to increased revenue from the royalty.
- The discovery could contribute to increased exploration and development activity in the Abitibi Greenstone Belt, potentially influencing the global gold market.
