Increased Resource at Globex’s Parbec Royalty Property [Canadian Business Journal (Canada)]
SGS SA ADR (SGSOY)
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Source: Canadian Business Journal
ROUYN-NORANDA, Quebec, April 09, 2025 (GLOBE NEWSWIRE) —GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchangesand GLBXF – OTCQX International in the US)Renforth Resources Inc.reported a 29% increase in the gold resource at Globex’s 3% Gross Metal Royalty Parbec Gold Deposit propertypress release dated April 7, 202512% of the new mineral resource estimate is in the Measured category and 61% is in the Indicated categoryDetails as announced by Renforth are the following:April 2025 Parbec Gold Deposit MRE(1) Mineral Resources are reported at a cut-off grade of 0.27 g/t Au for the open-pit mining scenario and 1.40 g/t Au for the underground mining scenarioFurther details regarding the 2025 mineral resource estimate, key assumptions, parameters and methods used to estimate the mineral resources of the Parbec Deposit will be available on SEDAR
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