GLOBEX MINING ENTERPRISES INC. (GMX) and Brunswick Exploration Inc. (BRW-TSXV) have delivered promising lithium grades from their latest drilling campaign at the Mirage (Lac Escale) property, located in the James Bay area of Quebec.

Lithium Grades Overview

Brunswick’s drilling on the Central Zone within the large royalty claim package shows significant results:
– 1.59% Li2O over 58.1 meters in Hole MR-23-49
– 1.71% Li2O over 31.6 meters in Hole MR-23-60
– 1.03% Li2O over 18.6 meters also in Hole MR-23-60
– 0.93% Li2O over 12.0 meters also in Hole MR-23-60

Drilling Campaign Progress

The campaign completed thirty-five drill holes, focusing on near-surface lithium mineralization, with results for an additional thirty-two holes anticipated.

Royalty and Agreement Details

Globex enjoys a 3% Gross Metal Royalty on the project. Brunswick has the option to buy 1% for $1,000,000. Starting the fifth year post-agreement, Brunswick will pay Globex an annual $100,000 advance royalty.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News