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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (3076)	9/23/2002 11:33:28 AM
From: russet	Read Replies (1) \| Respond to of 8273

It is possible that you would have better luck with schools and government if you move your exploration a tad east. Parlez vous francais? (gggggggggg) SEPTEMBER 23, 2002 - 08:59 EDT Globex Receives Two Quebec Government Grants for Cross-Sectional and Deep Drilling ROUYN-NORANDA, QUEBEC--GLOBEX MINING ENTERPRISES INC. (GMX:TSX) is pleased to announce that it has received two grants totalling $163,437 from the "Ministere des Ressources naturelles du Quebec" to facilitate cross-sectional drilling on Globex's 100% owned Beauchastel-South gold property and deep drilling on Globex's Magusi River and Fabie Bay properties. The Beauchastel-South gold property near Rouyn-Noranda, Quebec had never been drill prior to a cross-sectional hole by Globex last year. The drill hole proved that overlying Proterozoic sedimentary rocks were less than 150 metres thick and that the previously hidden geology included the gold localizing Cadillac Break and geological units favourable to the emplacement of gold deposits. Globex proposes to drill a 1000 metre stratigraphic hole approximately 1 km to the west of the previous drill hole in order to help define the gold potential in the western half of the property. The Quebec government will provide $48,265 toward this cross-sectional drill hole. The Magusi River-Fabie Bay property encompasses two polymetallic massive sulphide deposits consisting principally of copper, zinc, gold and silver (see press release dated April 25, 2002). Globex proposes to drill a series of deep drill holes below both deposits in order to test the down dip extensions of the deposits (see cross-section at www.globexmining.com). The Quebec government has agreed to provide up to $115,172 toward drilling costs at the Magusi River-Fabie Bay property. Globex would like to thank the Quebec government for its continued support of Globex's exploration activities. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Globex Mining Enterprises Inc. Jack Stoch P. Geo, President (819) 797-5242 (819) 797-1470 (FAX) Email: info@globexmining.com Web Site: www.globexmining.com