Globex Transaction Partners Deliver Successful Exploration Results

Gold is back in the headlines for the financial media, setting one new all-time high after another so far this year. Many other commodities are also attracting attention. This in turn supports the ambitions of hundreds of active junior explorers that envision defining attractive resources to participate in the bullish market conditions. As a result, the steady flow of news releases and project updates of direct interest to Globex Mining Enterprises Inc. (CA: GMX – $1.27 & US: GLBXF – $0.92 & GER: G1MN – €0.82) shareholders continues.

Encouraging Assay Results Contribute to Further Resource Expansion

Manganese X Energy Corp. [MN-V] has been diligently advancing work at its Battery Hill project in New Brunswick since acquiring the property from Globex in 2016 and on which Globex holds a royalty. Several exploration programs were completed, comprising a total of 93 drill holes. Notable intervals of manganese mineralization were achieved, establishing the project as a legitimate candidate for mine development.

A winter exploration program was recently completed by the company, including another 12 drill holes amounting to nearly 1,400m of total drilling. This work was focused towards expansion of the previously encountered deposit areas and also infill drilling to enable upgrading some of the resources to Measured & Indicated classification. Mineralized sections of up to 72.6m were encountered, highlighted by grades of up to 15.7% MnO. Some of the drill holes extended through multiple zones of alteration. These results will be incorporated into a Pre-Feasibility study that is underway by Mercator Geosciences.

Manganese X Energy aspires to become the first public trading manganese mining company in Canada. This objective would position the company well as a future domestic supplier of critical minerals in demand for the manufacture of lithium-ion batteries.

Meanwhile, Brunswick Exploration Inc. [BRW-V] reported yet another batch of assay results from the Mirage Lithium project. The company recently completed its winter drilling program which included a total of 24 drill holes. New target areas continue to be investigated as Brunswick was able to identify several additional dykes based on previous work, with the potential to expand the impressive deposit area that has already been outlined. Once again, wide intervals of lithium alteration were encountered with encouraging grades. The highlights of this work included an interval extending 36m bearing 1.51% LiO2. Another drill hole yielded 1.32% LiO2 within a section of core spanning 28m. Globex retains a 3% GSR on the Mirage project.

Emperor Metals Commences Process to Calculate Maiden Resource Estimate

Emperor Metals Inc. [AUOZ-C] announced that it had retained APEX Geoscience Ltd, a privately owned, independent consulting firm, to prepare the Maiden Mineral Resource Estimate [MMRE] for its Duquesne West Gold Project. APEX was selected because of the proven expertise in working with large mine sites and exploration databases. This makes it an ideal fit for the expansive Duquesne West property, comprising a growing deposit area of gold mineralization. Emperor has achieved multiple new discoveries since acquiring the project, building on the historic resources that had been outlined by previous operators.

Emperor has been committed to the successful outcome of its strategic plan for the project since acquiring the property holdings from 50% Globex owned Duparquet Asset Management. The strategy involves aggressive exploration to outline an open pittable larger tonnage of lower grade gold mineralization that had been overlooked by previous operators. The discovery of wider intervals and often high gold grades within historic deposit areas seems to validate that initiative. This has served to expand the resources of the established deposit while also achieving new gold discovery at other targets further along strike. As a result, Emperor expects to present a much larger compliant gold resource to establish its MMRE for the project.

The completion of a resource estimate represents an important milestone in the process of establishing a prospect for development into a new mine. The company is targeting the definition of a multi-million-ounce gold resource. Mine development would also be good news for Globex shareholders, as the Company owns 50% of Duparquet and therefore retains royalty leverage on any gold production from the project. Emperor expects to announce the completion of the resource estimate during Q2 2025.

Globex Purchases Outstanding Royalties for Several Mineral Property Holdings in Quebec

Globex itself announced that it had paid a total of US$349,999.65 to purchase three gold royalties from IAMGOLD Corporation. Each royalty is a one percent (1%) Net Smelter Royalty (NSR) applicable to the Porcupine West Gold, Eldrich Gold Mine and Rouyn-Merger Gold Mine properties, located in Quebec and all owned 100% by Globex.

Each of these properties feature historical gold resources presented by previous operators and they are located within established gold mining districts. As such they represent attractive exploration assets that may become future transaction targets or perhaps the focus of proprietary exploration work by Globex.

The Porcupine West property covers 14 kilometers strike of the gold localizing Porcupine Destor fault structure starting at the Ontario border. Numerous attractive drill intersections have been reported by previous operators leading to the calculation of a non-compliant historical gold resource. Meanwhile a 3D model of over 3000 drill holes has been established within the aptly named Eldrich Gold Mine property. This project also features a non-compliant historical gold resource that would represent a head start for future exploration activity.

Similarly, the Rouyn-Merger Gold Mine property located on the gold localizing Cadillac fault features a past-producing gold mine, a historical non-compliant resource and numerous documented gold showings and targets that would be of interest for future exploration work. Globex controls 100% ownership for each of these attractive property holdings.

Globex has expressed the opinion that these properties are highly prospective for future gold discovery. Therefore, the relatively modest fee to remove the existing royalty leverage held against these properties improves the value proposition for any subsequent resource discovery. If Globex chooses to vend these assets to a partner company it may also opt to create and retain royalty leverage under the terms of any potential transaction.

Conclusion

The most recent updates provided by Globex continue to validate the strategy to assemble high quality exploration assets and partner with competent companies to advance these properties. Successful drilling activity reported by Brunswick and Manganese X Energy has contributed to expanding the resources of their projects and also build the intrinsic value proposition of the royalty leverage retained by Globex on these properties.

The ambitions to develop a substantial new mine at the Duquesne West Gold project, as expressed by Emperor, also creates the potential for a recurring revenue stream payable to Globex if the partner company is successful.

Meanwhile, cleaning up the royalty structure for three high-quality projects currently held by Globex enhances the appeal for these properties. This in turn opens the potential for new transaction partners to emerge and begin the next cycle of mineral resource discovery to create additional shareholder value. Smallcaps Recommendation: BUY.

For important disclosures, please read our disclaimer.