Globex Mining Enterprises Inc. is pleased to announce that it has acquired, by staking (certificates pending), the Calumet Uranium Deposit situated in Grand Calumet Township, Quebec, approximately 90 km west northwest of Ottawa and Hull, and two uranium showings in Joliette County, Quebec.

The Grand Calumet property is made up of 5 claims which cover an area of 216.98 hectares.

Uranium, thorium and fluorite were discovered on the property in 1953 by Calumet Uranium Mines Limited. An intense program of stripping, trenching, geology and approximately 40,000 feet of diamond drilling was completed between 1953 and 1957 resulting in the delineation of a body of fluorite, yellow mica, uraniferous thorianite, uranothorite, chondrodite and monazite within a calcareous marble.

The skarn type deposit was reported by Albarmont Inc. in their 1983 annual report to consist of a possible resource of 1 million tons grading 0.08% U₃O₈ and 0.29% ThO₂ and from 10 to 15% fluorite. This historical resource figure does not meet modern National Instrument 43-101 standards and much of the previous work will have to be reproduced in order to define a reserve.

The two uranium showings are the Lake Fourcet and Lake Huillier properties in Joliette County, Gatineau 062 Township, which cover pegmatite dykes containing uraninite. Assays of up to 0.11% U₃O₈ are reported. – Press Release