Exciting Gold Exploration Data Uncovered at Duquesne West

Exciting New Discoveries from the Duquesne West Property

ROUYN-NORANDA, Quebec – Globex Mining Enterprises Inc. (NASDAQ: GMX) is thrilled to announce that Emperor Metals Inc. has provided significant updates on its recent drilling activities. Their ambitious drill program for 2024 involved a remarkable 8,166 metres of drilling over 19 new drill holes, supplemented by approximately 8,000 metres of historical core assays. With 70% of the new drilling assays already reported, we eagerly await the balance, scheduled for completion by mid-February.

Significant Findings from Drilling

The Duquesne West property, located within the gold-rich Porcupine-Destor Break, has yielded promising results that could reshape future mining efforts. Recent reports highlight impressive gold intersections:

Notable Drill Results

In particular, the findings from Hole DQ-24-12 stand out:

• 4.1 g/t Au over 38.3 m with an even richer segment of 7.2 g/t Au over 21.7 m.
• Moreover, 0.6 g/t Au over 68.3 m also includes 1.2 g/t Au over 23.5 m.

Another notable mention is Hole DQ24-11, which garnered attention with 0.5 g/t Au over 56.1 m featuring 1.8 g/t Au over 24.8 m. This data illustrates the potential of wide-spread multi-gram gold mineralization across the site.

Optimizing Mining Potential

John Florek, President of Emperor, expressed the significance of these discoveries, stating: "The intersection of broad zones of multi-gram gold (Au) mineralization with visible gold within the open-pit model is highly encouraging. These results pinpoint immense opportunities in areas previously poorly drilled, boosting our confidence in potentially expanding the mining boundaries at this deposit. The high-grade mineralization will undoubtedly play a pivotal role in our forthcoming Mineral Resource Estimate (MRE), expected in the near future."

Future Steps for Growth

Emperor also made notable strides earlier this year by pre-paying a $500,000 cash portion of their option payment for 2025, with share transfers anticipated shortly. These actions underline their commitment to advancing the project and maximizing shareholder value.

Globex remains optimistic about the progress being made by Emperor on the Duquesne West property, which is co-owned at 50% through Duparquet Assets Ltd.

Stay Updated

For ongoing updates and detailed reports, shareholders can obtain the latest information and data shared officially by Emperor Metals. It’s crucial to keep abreast of this unfolding story as it not only impacts Emperor but also the wider sphere of gold exploration and extraction.

Frequently Asked Questions

What significant results have been reported from the Duquesne West property?

Recent drilling reported notable gold intersections, with up to 4.1 g/t Au over significant lengths, showcasing the strong mineral potential of the site.

How much drilling was conducted in the 2024 program?

A total of 8,166 metres of drilling was carried out, along with a substantial amount of historical core analysis.

What opportunities exist for future mining at Duquesne West?

The drilling results indicate a high potential for optimizing and expanding mining operations within the current conceptual open-pit model.

What actions has Emperor Metals taken to support the project?

Emperor has pre-paid a significant cash portion of the 2025 option payment, reflecting their commitment to advancing the project.

Who can I contact for more information about Globex Mining?

For further inquiries, reach out to Jack Stoch, President & CEO of Globex Mining Enterprises Inc. at 819.797.5242 or via email at info@globexmining.com.

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