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Orford Mining provides up-to-date information on the optional Globex Joutel property, Canadian Business Journal

ROUYN-NORANDA, Quebec, April 6, 2022 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISE SINC. (GMX-Tronto Stock Exchange, G1MN-Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Dusseldorf, Quotrix Dusseldorf Stock ExchangeAnju And GLBXF – OTCQX International, USA) To our shareholders, here is a partial press release of the Orford Mining Corp (ORM-TSXV) dated April 6, 2022. Juter Eagle Gold Project From options Globex Mining Enterprises Inc. (See Globex press release Dated November 30, 2021 ).

David Christie, President and CEO of Orford, commented: “”Orford believes that the South Gold Zone of Joutel Eagle, which is currently being drilled, has great potential.……………. “

Juter Eagle Gold Project

Orford is currently in the middle of its first drilling program at the Joutel Eagle project in the Joutel district of Abitibi, Quebec. On November 30, 2021, Orford announced that it has entered an option to acquire 100% of the 50 sq km Joutel Eagle project from Globex Mining Enterprises Inc. (TSX: GMX) (OTCQX International: GLBXF) (Frankfurt: G1MM). Did. The drilling program follows a digital edit of the historic work completed in the project. The focus of the current 1,500-meter drill program is the “South Gold Zone,” which contains steeply sloping gold veins of grades up to 6.4 g / t, over 2.7.[1] A historic excavation meter that is open at depth. The diamond drilling program was scheduled to begin at the end of February, but was delayed by a few weeks until mid-March due to the availability of drilling. Two holes have been drilled so far, and we are currently drilling the third hole in the 6-7 hole plan... The first two drill holes intersected with different mineralizing sections containing different amounts of quartz veins and sulfides. Within shear from lapilli to ash lapilli comparable to their mineralization intervals described by historic drilling. The historical technical information presented in this release in connection with Joutel-Eagle was taken from past work reports submitted to the Ministry of Energy and Natural Resources of Quebec and is defined in NI 43-101. Not independently verified by qualified personnel.

The “South Gold Zone” has a strike length of approximately 700 meters and has been partially tested to a depth of 500 meters from the surface. The South Gold Zone consists of two mineralization zones. Grades over 2.7 meters are steep vein zones up to 6.4 g / t (hole 89-A-02).[2]And the low-grade zone associated with the Harikana Fault in the area that appears to be plunging to the southeast. The highest grade intersections in the vein zone were also deepest, and high grade mineralization remained open deep. The long section in Figure 2 shows how wide the drilling intervals are at both shallow and deep levels. In addition, Figure 2 shows an edited hole (quartz veins, silica flooding with up to 70% pyrite) that intersects mineralization and alteration similar to the high-grade zone of nearby holes, but the analysis results show that Drill the log by the operating company at that point when reporting to the public database. The current drilling program aims to review past results, depict the full extent of mineralization and determine if resources can be defined in the South Gold Zone. The first two drill holes intersected with much more sulfide mineralization and quartz veins than expected. Based on past information, as a result, the hole continued beyond the planned depth. 2022 Below is an overview of the drill holes for these two holes (analysis pending).

Drill hole 22-JE-001 was planned to confirm the historical results of crossing at drill hole 82-01, which reported a 6.0 g / t gradient of 6.2 meters (including a 6.5 g / t gradient of 2.7 meters). rice field. [3] (Figure 2). 22-JE-001 crossed varying amounts of silica and altered pyroclastic material with altered and quartz veins, consistent with the historic 82-01, which ended at 180 m. Various pyrites and pyrrhotite were observed throughout the hole as a band of diffused into semi-massive sulfides. At 33.9 meters from 213.1 meters to 247 meters, up to 35% quartz and 15% Po-Py were reported locally over 40 centimeters, with an average of 5% sulfide over a nearly 34 meter interval. It diffused and became a band. Measurements collected via portable X-ray fluorescence (pXRF) suggest that some of the sulfides contain gold, but due to the nature of the pXRF readings, they consist of representative ones. I can not do it... The core is prepared for laboratory analysis. Observations made at 22-JE-001 are also in line with historic 82-01. Hole 22-JE-001 continued beyond the originally planned depth of 82-01 and encountered mineralization up to the end of the hole 246 meters after 180 meters containing sulfide...

Drill Hole 22-JE-002 confirms the results encountered with the historic diamond drill hole 82-02, which was reported to return a 1.6 g / t gradient of 14.4 meters (including a 5.3 g / t gradient of 2.6 meters). The purpose is that. [4] (Figure 2). 22-JE-002 encountered a similar altered pyroclastic unit with varying deformations and varying amounts of pyrite and pyrrhotite throughout. It ended with a huge graphite unit of 82-02206m. Hole 22-JE-002 encountered a similar unit at about 200m containing sulfide nodules. Hole 22-JE-002 follows a dacite-quality quartz feldspar porphyrite unit. 200 meters and 213 meters, containing up to 35% quartz veins with moderate potassium alteration, 1% diffused cubic pyrite of very fine to medium particles.. The rest of the hole alternates between pyroclastic flow schist and graphite schist with local quartz alteration. Several places where semi-mass to lump sulfides are observed. Measurements collected via portable X-ray fluorescence (pXRF) suggest that some of the sulfides contain gold, but are considered representative due to the nature of pXRF readings. not. The core is prepared for laboratory analysis. Observations made at 22-JE-002 are consistent with historic 82-02, and in addition, hole 22-JE-002 continues beyond the originally planned depth 82-02, With the horizon of the first giant graphite marker Encountered new sulfides and previously unknown sulfides Mineralization and veins after 206m.

Table 1: Juter Eagle: South Gold Zone Frist Two Drill Hole Coordinates

Azimuth Immersion East Nothing Length (m) Target depth Purpose Hall ID
30 -65 684280 5490444 247 74-75m, 111-114m, 128-141m, 156-165m, 174-178m Twin Hall 82-01 22-JE-ORM-001
30 -70 684213 5490488 246 144-148m, 154-195m Twin Hall 82-02 22-JE-ORM-002
30 -50 684262 5490480 Plans in progress: 150 96-99m, 51-55m, 88-94m, 118-124m Twin Hall 80-19 22-JE-ORM-003
Total excavated to date (m) 643

Figure 2: A long section of the South Gold Zone showing past compilation results and drill target areas (holes where the assay is not available because they were edited from the reported drill log are shown as “N / A”).
https://www.globenewswire.com/NewsRoom/AttachmentNg/337cb4fa-af76-4f80-a027-43d8b08ed18e

The historical techniques shown in this image are derived from a historical work report submitted to the Quebec Ministry of Energy and Natural Resources and have been independently validated by qualified personnel as defined in NI 43-101. not. All excavation intervals are the length of the downhole. With the information available, it is not possible to estimate the true thickness. “

Globex is very pleased with Orlando’s rapid work program and the positive visuals from the core reported by Orlando.

This press release is by Jack Stoch, Geo, President and CEO of Globex. Wrote as a Qualified Person (QP) under NI 43-101.

We are looking for a safe port. Foreign private issuer 12g3–2 (b)
CUSIP number 379900509
LEI 529900XYUKGG3LF9PY95
For more information, please contact:
Jack Stoch, P. Geo. , Acc.Dir.
President and CEO Phone: 819.797.5242
Globex Mining Enterprises Inc. Fax: 819.797.1470
86, 14thCity info@globexmining.com
Luine Nolanda, Quebec Canada J9X 2J1 www.globexmining.com

Forward-looking statement: Except for historical information, this news release may contain certain “forward-looking statements.” These statements include actual results, levels of activity, and performance from Globex Mining Enterprises Inc. It may contain many known and unknown risks and uncertainties and other factors that can cause significant differences from expectations and expectations (“Globex”). There is no guarantee that Globex will benefit from any of the events that are expected to occur or occur due to forward-looking information, or any of them. For more information on risks, please refer to the “Annual Information Form” submitted by Globex to SEDAR. www.sedar.com..

[1] 1 Système d’information géo minière from the Ministry of Energy and Natural Resources, Quebec. April 20, 2020 DV93-01
[2] 1 Système d’information géo minière from the Ministry of Energy and Natural Resources, Quebec. April 20, 2020 DV93-01
[3] Système d’information géo minière from Quebec’s “SIGEOM”, Ministry of Energy and Natural Resources, Quebec. GM 39763: JOURNAL DE SONDAGES, PROJET VALRENNES A, 1982
[4] Système d’information géo minière from Quebec’s “SIGEOM”, Ministry of Energy and Natural Resources, Quebec. GM 39763: JOURNAL DE SONDAGES, PROJET VALRENNES A, 1982


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Orford Mining provides up-to-date information on the optional Globex Joutel property, Canadian Business Journal

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