Globex Mining Enterprises, President & CEO Jack Stoch

Stockhouse

The Market Online speaks with Globex Mining Enterprises, President & CEO Jack Stoch, as Ironwood Drilling Upgrades Gold Resource to Indicated from Inferred.

Transcript

00:00Welcome to The Watchlist, where we sit with a wide scope of executives to break through

00:10the noise and get to the core of their company news and projects. I'm Lindsay Melchick and today

00:15we are learning about Globex Mining Enterprises, where their ironwood gold deposit drilling

00:20results have upgraded their gold resources from inferred to indicated. Here with us is

00:25President and CEO of Globex Mining, Jack Stock. Welcome, Jack. It's nice to see you.

00:31Thank you. Pleasure to be here.

00:33Now, you've just completed an NI43-101 technical report on your 100% owned ironwood gold deposit.

00:40Why don't you give us just some of the details on that work that was done and really what the

00:44highlights are? Okay, sure. Well, the project is an offshoot of the Cadillac break near Cadillac,

00:53Quebec. There's been 105 drill holes completed on the property for over 31,000 meters. And the zone

01:01has now been followed from sub outcrop down to about 225 meters. So it's relatively shallow.

01:09We just completed in 2024, 19 drill holes, because what we're trying to do is establish the outside

01:16boundaries of the deposit. It looks like it may continue to depth, but we're just dealing now

01:22with the first 225 meters. We've done the metallurgical test work. Recovery is well over

01:2790%. We've done 3D modeling, geology, geophysics, everything. And we've outlined in the first 225

01:37meters about 117,000 ounces, of which, if you're tonnage-wise, is 234,800 tons at an average

01:47grade of 14.38 grams gold. Yeah, I mean, that already is phenomenal news. So, you know, Jack,

01:55what's next? What's the next project or, you know, progress for the project moving forward

02:01that's going to create that value for investors? Yeah, well, we're trying to decide how we want to

02:07go forward. We are on that particular piece of ground. We want either we can look at and mining it

02:14ourselves. We could look at doing a joint venture. We could look at an optioning the property. We could

02:20even look at selling it, but I don't think that's what we're doing. But everything is open. But at the

02:26same time, that property has two other former producers on the property, the wood gold mine and

02:32the central Cadillac gold mine. And we've done modeling. We're going to be doing 3D modeling now.

02:39And we've seen areas where it's open. We can add to the existing historical resources on the property.

02:46And we'll probably be doing a drill hole program on that. So it becomes a question, do we do something

02:51on ironwood separately? Or do we combine it with the results of the work on the, if we get good

02:58results, fingers crossed, on the wood mine and the central Cadillac mine too? Well, there is a lot

03:04going on and all of it sounds exciting. So do come back and give us an update soon.

03:09Be my pleasure. Thank you for your time. Absolutely. Again, that was Jack Stock,

03:14president and CEO of Globex Mining Enterprises. Now their website is globexmining.com to learn more

03:21and be sure to stay right here on stockhouse.com for all of your market news. I'm Lindsay Melchick.

03:26We'll see you next time.

03:34We'll see you next time.

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