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Globex and Queenston Intersect Wide Gold Zone at Wood-Pandora

Globex Mining Enterprises Inc (GMX.TO) and Queenston Mining Inc (QMI.TO) are pleased to update shareholders on the results of a nine hole 5,601 meter drill program completed on the 50%-50% Wood Pandora joint venture property, located near Cadillac, Quebec.

The drilling was targeting the Cadillac Break beneath the No. 3 Shaft Zone that historically produced from 1939-42 approximately 13,000 oz. of gold from 85,745 t grading 4.7 g/t Au. In 1979 Camflo Mines commenced surface drilling and defined a drill indicated historic resource to a depth of 200 m at the No. 3 Shaft Zone.

The most significant result in the present program is in hole W12-99B which intersected a 41.0 m interval assaying 3.81 g/t Au that includes 32.25 g/t Au over 4.2 m in the Cadillac Group at approximately 450 m below surface. Other key intersections include 16.41 g/t Au over 3.4 m in hole W12-100, 11.73 g/t Au over 1.3.m in hole W12-95, 22.08 g/t Au over 1.0 m in hole W12-97 and 2.81 g/t au over 9.7 m in W12-96. To date only a small number of widely spaced holes have been drilled below a depth of 300 m and over a limited strike length. Properties to the east and west have intersected economic mineralization to depths of 1500 m.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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