More Progress Reported by Antimony Resources of the Bald Hill Property Under Option from Globex
Globex expands its Bald Hill footprint with drilling that highlights growing antimony momentum across the project.
The most recent release (May 7, 2026) details an expansion drilling program at the Bald Hill Antimony Project in New Brunswick, held under option by Antimony Resources Corp. The company is commencing 13,000 metres of drilling on the Main Zone and 6,000 metres to define three new zones (Marcus, BH Central, and BH South). This follows a total of 25,000 metres drilled since April 2025 with over 1,500 core samples awaiting assay. The news confirms that technical and environmental studies have commenced for permitting, aligning with previous updates from April 9 and April 27 regarding the Marcus Zone discovery and resource potential. A concurrent update on May 5 highlights high-grade gold mineralization extending below 2,000m on the Kewagama Royalty Claims (Radisson Mining Resources), reinforcing the royalty portfolio's upside.
The Bald Hill drilling expansion is a continuation of an established thesis rather than a new catalyst. Previous news in April 2026 already flagged the Marcus Zone discovery and the commencement of technical studies for permitting. The May 7 update confirms execution but does not present new assay results or resource estimates that would fundamentally alter valuation models immediately. While antimony is a strategic critical mineral, the "Routine - Positive" rating reflects that this is expected operational progress consistent with the company's exploration strategy announced in late 2025 and early 2026. The Kewagama update (May 5) adds incremental royalty income potential but remains within the scope of ongoing drilling by Radisson Mining Resources, which was previously highlighted as a material positive driver. There is no evidence of unexpected financing needs or dilution in this specific release, maintaining capital structure stability.
Globex Mining Enterprises operates as a royalty and exploration company with a diversified portfolio across Canada, the US, and Mexico. The flagship project driving current valuation is the Bald Hill Antimony Project in New Brunswick (optioned to Antimony Resources Corp.), which has shown high-grade stibnite mineralization averaging 3-4% Sb over significant widths. Other key assets include: * Mont Sorcier: Iron/Vanadium royalty project with a bankable feasibility study due Q2 2026. * Virgin Mountain: Rare Earth Elements (HREE) optioned to Arizona Mountain Pass in Nevada/Arizona. * Kewagama/O'Brien: High-grade gold royalty claims held by Radisson Mining Resources.