Cheticamp - Zinc, Lead, Copper Royalty
Inverness County, Nova Scotia (NTS 11K10B)
In addition to the Mooseland property, a package of early-stage gold and base-metal exploration properties was also optioned to NSGold in the same transaction:
Cheticamp Project, Inverness County, Nova Scotia
The first one is a former small scale gold-producing property, characterized by Meguma-type gold occurrences, while the latter is a base metal exploration property.
On September 1st, 2009 Globex optioned the Mooseland Gold mine, Leipsigate Gold District, French Village and Cheticamp properties to NSGold Corporation.
750,000,$ in cash (received)
4% Gross Metal Royalty (GMR)
5% interest in the issue, and outstanding share capital of NS Gold upon commercial production.
The NI 43-101 resource reported above was published on Sedar.com by NSGold on June 15, 2011. Although Globex is a partner in the project, because Globex’s name is not on the cover page of the report and because the report was commissioned by NSGold not Globex, we are not permitted to report the results as NI 43-101 conformable while NSGold may do so. Therefore, we are required to make the following disclaimer: (The resource results as reported by NSGold and subsequently reported above by Globex are to be treated as historical resources and should not be relied upon. They have not been verified by Globex and are presented for information purposes only).
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