Northwire Canada EditionSaturday, October 31, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Globex Mining Enterprises Inc. Reports High-Grade Gold Intersections at Duquesne West

High-grade drill results at Duquesne West sustain exploration momentum, but pre-revenue status and dilution risk cap near-term upside.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 09:25 AUOZ · 0.2 Emperor Metals Inc.
Executive Summary
  • Globex Mining Enterprises (via its 50% stake in Duparquet Assets Ltd., which holds an option on Emperor Metals Inc.) reported high-grade gold intersections from the Duquesne West property in Quebec.
  • Drill hole DQ 26-20 returned 61.5 g/t Au over 15.0 metres, including a high-grade core of 557.5 g/t Au over 1.4 metres and 100.9 g/t Au over 1.0 metre, surrounded by a 35.8-metre halo grading 26.09 g/t Au.
  • The intercept is located within the conceptual Main Pit area, 35 metres down plunge from historical hole DQ95-21.
  • The 2026 exploration program totals over 15,000 metres of new drilling plus 8,000 metres of historical core sampling, with work remaining under budget.
  • This follows a series of progressive drill results throughout 2026, including broad bulk-tonnage intercepts in early June and visible gold discoveries in April.
Material Impact
  • The results confirm continued high-grade gold mineralization and support the conceptual open-pit and underground mining scenarios outlined in prior releases.
  • No new mineral resource estimate, preliminary economic assessment (PEA), or feasibility study was announced alongside the results.
  • The company remains pre-revenue and in the exploration phase; the news does not alter the capital structure, debt profile, or near-term cash burn trajectory.
  • Given the active drilling campaign and prior announcements of similar high-grade intercepts, the market likely already priced in the potential for these results. The release serves as validation of the geological model rather than a fundamental re-rating event.
AUOZ · Price
Company Overview
  • Globex Mining Enterprises Inc. holds a 50% interest in Duparquet Assets Ltd., which maintains an option agreement over Emperor Metals Inc.'s Duquesne West Gold Project in Quebec's Abitibi Greenstone Belt.
  • The company is focused on gold exploration and early-stage development, utilizing AI and machine learning for geological modeling and drill targeting.
  • Duquesne West holds an inferred mineral resource of 26.9 Mt at 1.69 g/t Au (1.46 Moz Au), with conceptual plans for both open-pit and underground mining.
  • The company also holds the Lac Pelletier property, which has an authorized underground extraction permit (up to 1,000 tpd) and is targeting production ramp-up in late 2027–early 2028.
Read the original news release →

More from Emperor Metals Inc.

Jun 30, 2026 · 08:01

Near-development-stage gold explorer advances Lac Pelletier permitting while expanding Duquesne West resource.

Production / Operations Jun 16, 2026 · 08:01

Emperor Metals Returns 15.0 Meters of 61.5 g/t Gold Including 2.4 Meters of 369.6 g/t Gold

Drill Results Jun 02, 2026 · 07:31

Emperor Metals Extends Duquesne West Drill Program on High-Grade Gold Hits, Cost Discipline

Drill Results Apr 27, 2026 · 08:01

Emperor Metals Drilling Update Confirms Mineralization Continuity But Assay Delays Limit Immediate Valuation Impact

Drill Results Apr 21, 2026 · 08:01

Emperor Metals Drilling Update Maintains Momentum Amid Lab Delays

Production / Operations Feb 24, 2026 · 08:01

Emperor Confirms 107.7 Meters of 0.5 Grams/Tonne Gold Intercept at Duquesne West, in an Expanding System

Drill Results