Globex Mining Enterprises Inc./Blackcliff Property: Up to 5.89 g/t Au Over 7.4 M: Financial News

Globex Mining Enterprises Inc./Blackcliff Property: Up to 5.89 g/t Au Over 7.4 M
Wednesday March 19, 2008 12:40 pm ET

ROUYN-NORANDA, QUEBEC, CANADA--(MARKET WIRE)--Mar 19, 2008 -- GLOBEX MINING ENTERPRISES INC. (Toronto:GMX.TO - News)(FRANKFURT, STUTTGART, BERLIN, MUNICH, XETRA:G1M)(OTCQX: GLBXF) is pleased to report drill results from our 50% owned Blackcliff gold property under option to C2C Gold Corporation Inc. and Corporation miniere Animiki inc.

C2C and Animiki report that a drill program of 4,055 meters was targeted at the near surface extension of the #2 gold vein zone where a historical non NI 43-101 compliant resource of 222,433 tonnes grading 7.06 g/t Au was reported in 1988.

According to C2C and Animiki, numerous shallow mineralized intersections of significant grade and/or thickness were encountered including the following:

 

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HOLE      FROM (M)   TO (M)   WIDTH (M)     GRADE (G/T
                                                    AU)
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BK-07-07     74.5     80.4         5.9            3.46
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BK-07-09     70.8     78.2         7.4            5.89
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BK-07-11     70.2     72.8         2.6           10.84
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BK-07-32     56.7     63.0         6.3            5.03
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The new drill data will be incorporated into the previous data base and the entire Blackcliff property and its potential resources will be reevaluated in compliance with National Instrument 43-101 and will be used to plan dictate the next exploration program.

For further details, please see C2C's press release of today's date and Globex's press release dated November 16, 2007 in which the underlying option agreement was announced.

 

We Seek Safe Harbour.                  Foreign Private Issuer 12g3 - 2(b)
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