Globex updates on Getty Royalty property

Globex Mining Enterprises Inc. provides shareholders with an update regarding drilling at Globex’s Getty Zinc-Lead Royalty Property held by Acadian Mining Corporation in Nova Scotia.

Acadian Mining Corporation announces assay results for 25 additional drill holes, bringing the total released to date to 54 of the 100 hole diamond drilling program on its Getty zinc-lead deposit. Results to date support potential for a bulk tonnage – open pit deposit 1,700 metres from the mill at Scotia Mine. Highlights include drill hole S1037 which intersected 9.50 metres of 5.41% zinc plus lead, including 3.45 metres of 11.23% zinc plus lead, hole S1031 which intersected 7.25 metres of 5.13 zinc plus lead, hole S1043 which intersected 3.90 metres of 10.48% zinc plus lead and hole S1048 which intersected 12 m of 4.2 zinc plus lead. The shape of the zinc-lead mineralized carbonate bank structure at Getty is not as yet fully defined and, as such, true widths cannot be calculated with complete confidence.

Holes S1036, S1038, S1039, S1040, S1041 intersected low-grade lead-zinc mineralization near the periphery of the deposit.

The Getty deposit occurs within a west extension of the carbonate bank complex that also hosts the adjacent Scotia Mine deposit, located 1,700 metres to the east. Acadian’s current diamond drilling program is designed to support a new resource estimate for the Getty deposit that is anticipated to include definition of measured and indicated resources.

Drilling on the Getty property to date has focused on the deposit area previously outlined, however future drilling will include several drill holes to test for possible extensions of the deposit to the west, and also test an interpreted basement high paleo-topographic feature to the northwest, which has the potential to be the site of another carbonate reef complex.