Drilling Resumes on Globex's Berrigan Zinc, Gold, Silver Royalty Property NW of Chibougamau, Quebec

Executive Summary

• Globex Mining Enterprises reports that TomaGold Corporation has initiated a Phase 2 drill program at the Berrigan Mine project to extend five recent drill holes and test a newly discovered zinc/gold/silver zone beneath the previously known Berrigan mineralized zone.
• The new drilling aims to intersect the horizon identified in hole TOM-25-015, which previously returned 98.50 meters at 5.08% Zn Eq (1.19 g/t Au Eq), including a high-grade interval of 4.90 meters at 23.20% Zn Eq (5.44 g/t Au Eq).
• The release includes a comprehensive summary of Phase 1 drilling results from holes TOM-25-009 through TOM-25-015, detailing significant intercepts for zinc, gold, silver, and copper, with specific metallurgical recovery factors and metal price assumptions provided.

Key Details

• Drilling Program Scope: TomaGold is conducting a 1,500-meter Phase 2 drilling program focused on testing the "Berrigan Deep Zone" by extending five specific holes.
• Target Intersection: The extensions target the horizon where hole TOM-25-015 intersected 98.50 meters at 5.08% Zn Eq (1.19 g/t Au Eq), including 4.90 meters at 23.20% Zn Eq (5.44 g/t Au Eq).
• Property Interest: The Berrigan property is under option by TomaGold from Chibougamau Independent Mines Inc., with Globex retaining a 2% Gross Metal Royalty.
• Phase 1 Drilling Results Summary:
  • TOM-25-009: 48.05m at 5.82% Zn Eq (1.36 g/t Au Eq), including 2.90m at 33.97% Zn Eq (7.96 g/t Au Eq) and 5.05m at 3.42% Zn Eq (0.80 g/t Au Eq). Additional intercepts include 6.45m at 1.23% Zn Eq and 15.20m at 4.87% Zn Eq.
  • TOM-25-010: 3.00m at 2.18% Zn Eq; 4.35m at 8.03% Zn Eq (1.87 g/t Au Eq); 48.30m at 2.38% Zn Eq (0.56 g/t Au Eq), including 6.25m at 11.43% Zn Eq.
  • TOM-25-011: 18.50m at 1.81% Zn Eq (0.42 g/t Au Eq), including 2.00m at 16.12% Zn Eq (3.77 g/t Au Eq).
  • TOM-25-012: 1.15m at 5.51% Zn Eq (1.31 g/t Au Eq).
  • TOM-25-013: No significant values reported.
  • TOM-25-014: Multiple intercepts including 2.10m at 24.85% Zn Eq (5.83 g/t Au Eq); 1.15m at 20.86% Zn Eq; 1.40m at 36.34% Zn Eq (8.51 g/t Au Eq); 1.40m at 13.68% Zn Eq; 3.00m at 2.15% Zn Eq; and 6.00m at 1.22% Zn Eq.
  • TOM-25-015: 8.45m at 3.73% Zn Eq; 2.00m at 28.08% Zn Eq (6.56 g/t Au Eq); 20.10m at 2.20% Zn Eq; and the major intercept of 98.50m at 5.08% Zn Eq (1.19 g/t Au Eq), including 4.90m at 23.20% Zn Eq (5.44 g/t Au Eq) and 49.35m at 6.46% Zn Eq (1.51 g/t Au Eq).
• Metallurgical and Economic Assumptions:
  • AuEq Calculation: Based on US$4,150/oz Au, $51.34/oz Ag, US$5.023/lb Cu, and $1.392/lb Zn.
  • Recovery Factors: 95% for zinc, 85% for gold and silver, and 90% for copper.
  • ZnEq Calculation: Based on US$4,047/oz Au, $50.22/oz Ag, US$4.796/lb Cu, and $1.390/lb Zn.
  • Widths: Reported widths are core lengths; true width is estimated at 80-85% of core length.
• Qualified Person: Jack Stoch, P. Geo., Executive Chairman and CEO of Globex Mining Enterprises Inc., approved the scientific and technical content.