Globex Reports That Emperor to Resume Drilling at the Duquesne West Gold Property

Executive Summary

• Emperor Metals Inc. announced the resumption of drilling on the Duquesne West Property, an asset in which Globex Mining Enterprises holds a 50 % option.
• The upcoming drill program is planned for 10,000–15,000 m to expand the open‑pit footprint and add incremental ounces around high‑grade lenses.
• Historical drilling totals ~120,000 m (≈15‑20 % of the depth needed to define the deposit to 1,000 m) and a conceptual model estimates 1.46 Moz Au, with both open‑pit and underground potential.

Key Details

• Property: Duquesne West Property, Duparquet Township, Quebec – under option from Globex‑owned Duparquet Assets Ltd. (50 % interest).
• Historical Drilling: ~120,000 m completed by Emperor Metals to date.
• Conceptual Resource Model: 1.46 million ounces Au; 44 % potentially open‑pit minable, 56 % underground minable.
• Planned Drill Program: 10,000–15,000 m total depth.
• Focus on expanding the open‑pit footprint.
• Target incremental ounces in host rock surrounding high‑grade lenses.
• Twin select historic holes (especially those excluded from MMRE or downgraded to Inferred due to missing core/collar data).
• Assay Work: Emperor will assay unsampled historical core from Globex’s core library within the conceptual open‑pit boundaries.
• Announcement Source: Press release authored by Jack Stoch, P.Geo., Executive Chairman & CEO of Globex (qualified person under NI 43‑101).

Notable Quotes

(No direct quotes provided in the release.)