Globex reports Gold assays of up to 1.88 g/t Au over 4.85 metres in the Main Antimony Zone at its Bald Hill Property
Globex reported Bald Hill antimony zone gold assays averaging 1.14 g/t over 2.56m, reaching 1.88 g/t over 4.95m.
Globex Mining Enterprises Inc., through its optionee Antimony Resources Corp., has released gold assay results from the Main Antimony Zone at the Bald Hill property in New Brunswick. Analysis of more than 45 drill holes identified an average gold grade of 1.14 g/t Au over a length of 2.56 meters, with the strongest intercept returning 1.88 g/t Au over 4.95 meters. Gold occurs in association with high antimony values as well as separately. The release also noted gold over a 600-meter strike length and pending assays from the Central Zone, where stibnite breccia has been logged in widths up to 37 meters.
Globex Mining Enterprises Inc. (GMX) released routine news regarding its Bald Hill project, where gold assays of the reported grade and width add negligible value to the asset, which is primarily an antimony play. As a royalty and option generator, the company noted that this update does not affect any resource estimate, feasibility study, or valuation metric.
The project’s antimony intercepts remain the core value driver, including:
- 13.2 m at 2.85% Sb
- 10.3 m at 5.45% Sb
Globex Mining Enterprises Inc. (GMX) is a Canadian royalty and option generator that maintains a diversified portfolio of mineral royalties, optioned properties, and equity holdings. Key assets include a 1% gross mineral royalty (GMR) on the Mont Sorcier iron project, which is scheduled to reach feasibility by the second quarter of 2026, and a 2% net smelter return (NSR) on the O’Brien gold project, which is currently at the preliminary economic assessment (PEA) stage. The company also holds a 50% interest in Duquesne West, which contains 1.46 million ounces of inferred gold, and a 2.5% GMR on the Eagle gold mine, which holds a 459,000-ounce gold resource. Additionally, the company holds numerous antimony and gold properties in New Brunswick. As of September 2025, the company’s financial portfolio was valued at approximately $35 million, with $8.9 million in cash and zero debt.