Globex drills 26.4 m of 3.47 g/t Au at Rouyn-Merger
Globex reported wide gold intercepts at its Rouyn-Merger project, validating exploration potential on the 100%-owned asset.
On December 9, 2025, Globex Mining Enterprises Inc. reported the first drill results from its recently completed six-hole, 1,095-metre diamond drill program at its 100%-owned Rouyn-Merger gold property in Quebec.
Key intercepts include: - Hole RM-25-01: 3.44 g/t gold over 38.7 metres (estimated horizontal width of 32.6 m). - Hole RM-25-02: 3.47 g/t gold over 26.4 metres (estimated horizontal width of 17.1 m).
Assay results for the remaining four drill holes are pending. Following the completion of this program, the drill rig was moved to the Lyndhurst Copper property for another planned exploration program.
The initial drill results from the Rouyn-Merger property are materially positive. The news confirms the execution of the drill program outlined in the September 11, 2025 update, which projected a 1,000-metre program in late 2025. The results themselves are significant for a first-pass program. While the grades of ~3.4 g/t Au are not exceptionally high, the mineralized widths of 38.7 metres and 26.4 metres are substantial and suggest the potential for a large, bulk-tonnage style gold deposit.
This is particularly important as Rouyn-Merger is a 100%-owned Globex asset, meaning the company retains all the exploration upside. The property is strategically located on the prolific Cadillac Break, a major gold-localizing fault structure in the Abitibi region. These initial results validate Globex's exploration model for the property and provide a strong basis for follow-up drilling.
Historically, Globex has successfully advanced its 100%-owned Ironwood project with consistent drilling, culminating in an upgraded indicated resource in June 2025. These results from Rouyn-Merger suggest a similar path of value creation may be starting on another core asset. The market has been rewarding Globex for progress across its portfolio, and this successful execution of a self-funded drill program on a key property adds another tangible data point to the company's value proposition. While not a "game-changer" yet, it is a significant de-risking event for the project and a strong positive for the company's exploration pipeline.
Globex Mining Enterprises Inc. is a Canadian-based exploration, royalty, and project generator company with a diversified portfolio. Its business model focuses on acquiring projects, adding value through initial exploration, and then optioning them to partners in exchange for cash, shares, and retained royalties. This strategy minimizes shareholder dilution while providing exposure to exploration success across numerous projects.
The company does not have a single "flagship" project but rather a flagship portfolio of over 260 properties, 110 royalties, and a substantial investment portfolio of cash, bonds, and equities in other mining companies. Key assets currently being advanced either internally or by partners include: - Ironwood Gold Deposit (100% owned): Recently upgraded indicated resource. - Rouyn-Merger Gold Property (100% owned): Subject of the latest news. - Duquesne West Gold Property (50% owned): Under option to Emperor Metals, which recently doubled the inferred resource. - Numerous Royalty Properties: Including assets with partners like Radisson Mining, Brunswick Exploration, and Cerrado Gold, which provide consistent positive news flow.