Globex Mining says drilling to start at Turner Falls shortly
Globex Mining Enterprises (TSE:GMX)(OTCQX:GLBXF)
said Friday that drilling is scheduled to start within the next week on
eight priority targets at its Turner Falls rare earths property in
Quebec.
The miner said that extensive surface sampling,
geological mapping and geophysical surveys have outlined a number of
areas of mineralization, with high, heavy and light rare earth values.
The
Quebec-based company completed a mapping, geophysics, and limited
stripping and sampling program on the property in the summer and fall
seasons last year.
The program, which was intended to sample a
historical rare earth showing indicated from government geological
files, involved the testing of 331 rock samples and 139 boulder samples.
The highest grade returned from a single sample found 9.29 per cent total rare earth oxide (TREO).
Meanwhile, another single sample returned 1.32 per cent heavy rare earth oxide (HREO). HREOs are rarer and more valuable than light REOs.
The Turner Falls property consists of 16 contiguous claims totaling 942-hectares and rests mainly in the Villedieu Township, Quebec.
