Globex Mining Enterprises Inc. inform shareholders of the following news. Cartier Resources Inc. reported that they have started a 25,000-metre drill program on the Cadillac Eastportion of their Large Chimo Gold Mine property. Judging from the target positions displayed in their press release dated February 1, 2024, the bulk of the drill holes will be on Globex?s 3% Gross Metal Royalty claims. At the same time, Brunswick Exploration (BRW-TSXV) has started their winter drill program on Globex?s Lac Escale claims (Mirage Project).

The drilling will test a lithium bearing dyke swarm over a 2.8 km strike length where Brunswick?s previous exploration has outlined numerous lithium bearing pegmatite dykes of considerable width and grade. At Globex?s 100% owned Wyse township, Ontario high grade silica property, and have completed mapping and channel sampling various horizons. A number of samples were sent to SGS Mineral Services for QEMSCAN analysis to identify various impurities.

As expected, mica (muscovite) was found to be the principal impurity followed by trace amounts of iron oxides and a number of other very minor impurities. Based upon these findings, Globex has engaged CTRI, the Centre technologie des residus industrial in Rouyn-Noranda to undertake initial metallurgical testing applying various methods such as flotation and magnetics to remove these impurities. The market value of silica depends upon the purity.

The greater the purity the higher the market price.