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Globex Properties

Authier - Lithium Royalty
La Motte Township, Quebec (32 D/08)

Updated January 2017

Property
The  Authier  property  is  located  in  the  Abitibi‐Témiscamingue  Region  of  the  Province  of  Quebec, approximately 45 km  northeast of  the  city of Val d’Or and 15 km north of the  town of Rivière Héva.

Ownership

Globex vended 100% interest in the property to Glen Eagle Resources Inc. ("Glen Eagle") on October 5, 2010 in exchange for a cash payment, shares and a retained a Gross Metal Royalty (GMR).  Option terms terms include 2% GMR on 12 claims and 1% GMR on 1 claim which is situated over the center of the lithium deposit.

On July 21, 2016 Glen Eagle announced the sale of the Authier property to Sayona Mining Ltd. of Australia.

Power Point Presentation prepared by Sayona Mining Ltd. as at September 2016  (new partner for Globex Mining Enterprises Inc.)

In a power point presentation dated September 2016 (see above), Sayona announced that the Authier Lithium Deposit had been defined by 123 drill holes totalling 15,000 m and 2,143 assays.  A new resource calculation of 9.12 million tonnes grading 0.96% Li20 is indicated as follows:

Authier JORC Mineral Resource - JORC Code 2012 Conformable Resource
Tonnes (Mt) Grade Li20% Resource Category
2.08 0.95 Measured
5.16 0.97 Indicated
1.88 0.93 Inferred

 

LaMotte Twp geological map Globex properties

Geology
The Authier property is located in the southeast part of the Superior Province of the Canadian shield craton, more specifically in the Southern Volcanic Zone of the Abitibi Greenstone Belt. The spodumene‐bearing pegmatites observed on the Property are genetically related to the Preissac‐Lacorne batholiths located 40 km northeast of the city of Val d’Or.

For further information regarding the Authier Lithium Property please read the Sayona Mining Ltd. Update 

 

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Press releases related to this property

September 29, 2016
Globex Royalty Property - Authier Lithium Project Update
(English)

May 26, 2016
Globex Options Two Quebec Lithium Projects to Great Thunder - Other Lithium News
(English)

February 16, 2011
Glen Eagle Announces NI 43‐101 Resource on Globex Royalty Property
(English) | (Deutsch) | (Français) |

January 10, 2011
Work Advances on Globex Royalty and Optioned Properties
(English) | (Français) | (Deutsch) |


Partner News related to this property

December 19, 2016
Sayona: Pre-Feasibility Study Progress Update
(English)

November 17, 2016
Sayona: Final Ten Diamond Drill Results Demonstrate Potential to Expand the Authier JORC Resource
(English)

December 14, 2015
Glen Eagle Authier Lithium Project Update
(English)

September 11, 2014
Glen Eagle Resources Inc.: Advancing the Authier Lithium Project
(English)

January 31, 2012
Glen Eagle Resources Inc. Releases a Robust Preliminary Economic Assessment of the Authier Lithium Project
(English)

 
 
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