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Globetech Ventures Corp.: Molybdenum and Gold on Gladys Lake Property.

Publication: Business Wire
Publication Date: 29-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
VANCOUVER, British Columbia -- Further to the news release of December 9, 2005, Globetech (OTCBB:GTVCF) company geologist John Kowalchuk, P. Geol. reports that the Gladys Lake Property contains molybdenum and gold targets. Although Globetech has recently focused on the molybdenum potential at Gladys Lake, the company will also evaluate the potential of gold mineralization peripheral to the molybdenum bearing stock. Both gold and molybdenum are trading at new levels. Molybdenum was at a low of $2.20 pound in 1992 and peaked at June 30, 2005 to $37.22 per pound. Molybdenum presently trades in a range from $23.00 to $25.00 per pound....



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