Northwire Canada EditionSunday, November 8, 2026
Northwire
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Another High-Grade Antimony Intersection

Executive Summary
  • Date: April 27, 2026
  • Headline: Another High-Grade Antimony Intersection
  • Summary: Antimony Resources Corp (optionee) released assay results from the final hole of its current drilling program at the Bald Hill Antimony property. Drill hole BH-25-34 returned high-grade intercepts including 9.76% Sb over 3.15 metres, extending the Main Zone to the north and depth.
  • Key Highlights:
    • Specific high-grade sub-interval: 0.45m @ 48.30% Sb.
    • Program Status: Current program projected to terminate end of April with 12,500 metres completed (total on Main Zone to date is 25,000 metres).
    • Future Plans: A new 11,000-metre drill program scheduled for mid-May targeting Marcus, Central, and South Zones.
  • Context: This follows the April 9th update where 6,500m of a planned 10,000m was completed. The discovery of the massive stibnite "Marcus Zone" was announced in February 2026.
Material Impact
  • Expectation vs. Reality: The news confirms high-grade mineralization consistent with previous announcements from February and April regarding the Bald Hill property. The market is already aware of the ongoing drilling campaign and the potential for a maiden resource estimate.
  • Price Sensitivity: While the 48.30% Sb sub-interval is exceptionally high, it represents a narrow intercept (0.45m). The broader average grade (9.76% over 3.15m) supports the economic thesis but does not fundamentally alter the resource model beyond what was implied by the February discovery of massive stibnite.
  • Catalyst Status: The announcement of a new 11,000-metre program is expected maintenance of exploration momentum rather than a surprise capital event or feasibility study completion (which is scheduled for Mont Sorcier in Q2).
  • Conclusion: This is incremental positive news that validates the asset quality without exceeding market expectations set by earlier updates. It falls under Routine - Positive as it follows through on previously announced exploration plans.
GMX · Price
Company Overview
  • Overview: Globex Mining Enterprises Inc. operates primarily as a royalty and option company, holding interests in multiple mining projects across Canada and the US. They generate value through partner-funded exploration and potential future royalties.
  • Flagship Projects:
    • Bald Hill Antimony (New Brunswick): Currently under active drilling by Antimony Resources Corp. Focus is on defining a maiden resource for high-grade stibnite.
    • Mont Sorcier Iron (Quebec): 1% Gross Metal Royalty held. Partner Cerrado Gold is advancing towards a Bankable Feasibility Study in Q2 2026.
    • Duquesne West Gold (Quebec): 50% interest optioned to Emperor Metals. Recent resource estimate of 1.46 Moz Au.
  • Development Stage: Mixed portfolio ranging from exploration (Bald Hill, Virgin Mountain) to feasibility/pre-production (Mont Sorcier).
Read the original news release →

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