EXPLORATION ROUNDUP — Globex explores Mooseland gold deposit

Junior Globex Mining Enterprises (GMX-T) will explore its newly acquired Mooseland gold deposit, 70 km northeast of Halifax, Nova Scotia.

The property hosts an uncut, drill-indicated reserve of 2.02 million tons grading 0.39 oz. gold per ton over an average mining width of 5 ft. and to an average depth of 1,000 ft.

The West zone hosts a probable and possible reserve of 675,000 tons grading 0.244 oz. gold. The East zone has received only limited drilling to date.

All the known mineralized zones are open, either along strike or to depth, or both.

Globex says there is potential for the discovery of additional mineralization in several areas adjacent to the drilled area.