Globex Options Magusi Mine Project

The Magusi project consists of 153 claims and one mining concession totaling 5,663 ha (13,993 acres) in Duparquet, Hebecourt and Montbray townships, Quebec, north of Rouyn-Noranda and south of the village of Duparquet covering an area of approximately 15 km by 5 km. The property is underlain by a series of acid to intermediate volcanic rocks which strike east-west across the length of the property and host the previously mined Fabie Bay Deposit and unmined Magusi Deposit. The Magusi Deposit is a lens of massive and stringer sulphides having a length of approximately 500 m and extending to a depth of greater than 400 m. Massive and stringer sulphide thicknesses range up to 35 m but average 15 m. Mineralization consists principally of chalcopyrite (Cu), sphalerite (Zn), pyrite and pyrrhotite with gold and silver. There are numerous targets for additional exploration in the immediate areas around the Magusi and Fabie Bay deposits as well as along the 15 km length of the entire property package. Sulphide intersections are reported in historical drill holes in a number of areas along the length of the property. Read More