Drilling Resumes on Globex's Berrigan Zinc, Gold, Silver Royalty Property NW of Chibougamau, Quebec
Globex holds a diversified mineral property bank comprising over 260 assets and 100 royalties.
The most recent news (April 1, 2026) confirms that Globex’s subsidiary, TomaGold, has commenced a Phase 2 drill program (~1,500m) at the Berrigan Zinc-Gold-Silver property. This follows a highly successful Phase 1 program which identified a new "Berrigan Deep Zone." Notable Phase 1 results included 5.08% ZnEq over 98.5m and high-grade sub-intervals of 23.20% ZnEq over 4.9m. Phase 2 aims to extend five specific holes to delineate the depth and continuity of this new discovery. Globex holds a 2% Gross Metal Royalty (GMR) on the property.
The impact is Routine - Positive. While the drill results from Phase 1 were technically impressive and the discovery of a "Deep Zone" is a value-add, this news is a follow-up to previously disclosed results (Dec 2025/Jan 2026). - Financial Impact: There is no immediate cash flow from this news, but it increases the long-term value of Globex’s 2% GMR. - Operational Impact: The drilling is funded by the partner (TomaGold), allowing Globex to benefit from exploration upside without capital outlay or share dilution. - Strategic Impact: It validates Globex’s "Property Bank" model—acquiring assets and letting partners fund the expensive "de-risking" phase of drilling.
Globex is a "Project Generator" and "Royalty Collector." It owns a massive portfolio of 260+ mineral cells and 100+ royalties. - Flagship Potential: While diversified, the Duquesne West Gold Project (50% interest, 1.46 Moz Au Inferred) and the Mont Sorcier Iron Project (1% GMR) are currently the most advanced value drivers. - Model: Acquire distressed or overlooked assets, perform basic exploration, and option them to juniors for cash, shares, and a retained GMR.