Globex, Cartier release drill results for Nordeau

Executive Summary

• Globex Mining Enterprises Inc. reports additional high-grade gold intersections from Cartier Resources Inc.'s drilling on Globex's Nordeau royalty claims in Vauquelin township, Quebec.
• The drilling expanded the North Contact Zone (NCZ), specifically identifying high-grade gold zones 500 metres along the eastern strike extension of the NC1 and NC3 gold zones.
• The NCZ is confirmed to extend to surface and remain open to depth, supporting potential for shallow development and resource expansion, with a 100,000-metre drilling program forecasted to complete by Q2 2027.

Key Details

• Royalty Interest: Globex holds a 3% gross metal royalty on the Nordeau claims, including the area where Cartier is expanding its gold discovery (North Contact zone on Cartier's Cadillac property).
• NCZ East Extension Results:
  • Hole CA25-559: Intersected 54.6 g/t Au over 1.0 m, including 85.1 g/t Au over 0.5 m, in zone NC1.
  • Hole CA25-558: Intersected 4.4 g/t Au over 6.0 m, including 23.2 g/t Au over 1.0 m, in zone NC3.
  • Hole CA25-557: Intersected 7.5 g/t Au over 0.5 m in zone NC3.
• NCZ Main Zone Results:
  • Hole CA25-554: Intersected 1.5 g/t Au over 15.5 m in zone NC3.
  • Hole CA25-547: Intersected 1.2 g/t Au over 13.2 m in zone NC3.
  • Hole CA25-552: Intersected 1.0 g/t Au over 10.5 m in zone NC3.
• Geological Context:
  • The NCZ consists of three parallel high-grade gold zones (NC1, NC2, NC3) separated by approximately 50 metres.
  • Holes CA25-557, 558, and 559 discovered high-grade gold zones 500 metres along the eastern strike extension of NC1 and NC3.
  • Visible gold and sulphides are consistently observed in these results.
  • Holes CA25-547, 552, and 554 confirmed the NCZ extends to surface and remains open to depth.
• Technical Note: True thicknesses are estimated to represent approximately 50 to 75 per cent of the reported core length intervals based on observed intercept angles.
• Strategic Positioning: The NCZ features exposed bedrock, minimal overburden, and proximity to year-round access roads.
• Future Drilling Plans:
  • Expansion drilling will continue at depth in the 300- to 600-metre range.
  • Objectives include connecting the lateral footprint of the NCZ and its eastern extensions to upgrade the mineral resource estimate.
  • Cartier will test high-priority regional targets along the strike of the contact sector and the Heva fault zone using structural/geological modelling and Vrify's AI-driven targeting.
  • The total program consists of 600 holes and 100,000 metres, forecasted to be complete by the second quarter of 2027.

Notable Quotes

• "Globex is pleased by the rapid progress reported by Cartier on Globex's royalty claim testing of the NCZ. Globex is eager to see the continued results along the NCZ along strike and to depth as the program continues." — David Christie, President and COO of Globex Mining Enterprises Inc.