Gold Intersections up to 5.37 gpt Au over 14 m at Maude Lake Property

ROUYN-NORANDA, QUEBEC–(Marketwired – Feb. 7, 2017) – GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1MN)(STUTTGART:G1MN)(BERLIN:G1MN)(MUNICH:G1MN)(XETRA:G1MN)(OTCQX:GLBXF) is pleased to inform shareholders that RJK Explorations Ltd. (TSX VENTURE:RJX.A)(OTC:RJKAF) has received assays from four holes (578 m) of its 5,000 m drill program at Globex’s Maude Lake Gold Property, northeast of Matheson, Ontario. The Maude Lake property is under option to RJK for annual cash payments of $250,000 per year adjusted for inflation and a 2.5% Gross Metal Royalty (GMR), 1% of which may be purchased for $2,000,000. Once production is achieved, the GMR may not be less than $250,000 per annum.

To view the full article and to see the results from drill holes at the “5 Zone” please click here.