Rapid Progress Reported at Golden Pike Gold-Antimony Property under Option from Globex
Globex advances Golden Pike exploration with partner-funded drilling targeting high-grade intersections across multiple zones in its passive portfolio.
The news release dated December 22, 2025, provides an operational update on the Golden Pike Gold-Antimony property (formerly Devils Pike) located in New Brunswick, Canada. The property is currently under option to Albright Metals Limited. Key developments include: - Completion of an infill and extensional diamond drilling program at the Vail Road High Grade Gold deposit. - A total of 15 holes (approximately 990 meters) were drilled; assay results are currently pending. - The drill rig is now being mobilized to the Bond Road Antimony Prospect for an initial drilling program of up to 1,200 meters. - The primary objective for Albright is to upgrade the current historical resource estimate and progress the gold deposit toward development.
This news is a positive incremental step but falls short of being a "game changer" as assay results are still pending. - Financial De-risking: As an optioned property, the exploration expenditures (drilling costs, rig mobilization) are borne by the partner, Albright Metals, not Globex. This preserves Globex’s cash while allowing for potential value appreciation of its retained interest and future royalties. - Strategic Progress: The move to the Bond Road Antimony Prospect is timely given recent geopolitical interest in antimony. However, the materiality is limited because the results of the 15 gold holes are unknown. - Validation of Business Model: This confirms the "Property Bank" model is functioning; third parties are actively advancing Globex's massive portfolio. Until assays confirm high-grade continuity or a resource upgrade is published, the impact on the share price is likely neutral to slightly positive.
Globex Mining Enterprises Inc. operates as a "Property Bank" and royalty incubator. It holds a diversified portfolio of over 200 assets, including gold, copper, zinc, silver, antimony, and rare earths. - Flagship Potential: While the company has many projects, the Ironwood Gold Zone (Quebec) is a primary focus. A June 2025 resource update upgraded 86% of the resource to the Indicated category (234,800 tonnes @ 14.38 g/t Au for ~108,000 oz). - Business Model: Globex acquires properties via staking or low-cost purchases, performs initial work, and then options or sells them for cash, shares, and a Gross Metal Royalty (GMR).