Globex Reports Drilling Progress at it's Duquesne West Gold Project
Globex’s partner drilling validates bulk-tonnage potential at Duquesne West, reinforcing the company’s hybrid mining model.
The most recent news release (February 25, 2026) reports initial drilling progress from Emperor Metals Inc. at the Duquesne West Gold Project, in which Globex holds a 50% interest. Drill hole DQ25-01 intersected a broad mineralized interval of approximately 170 meters, including 107.7 meters grading 0.5 g/t Au. These results confirm the presence of extensive low-grade bulk-tonnage zones surrounding known high-grade lenses. This is part of a massive 15,000-meter new drilling program and 8,000-meter core resampling effort for the 2025-2026 season. To date, only 7% of the new drilling assays have been received.
The impact is Material - Positive. While the grade (0.5 g/t Au) is low, the width (107.7m) is significant for a project previously viewed primarily as a high-grade underground target. This validates the "bulk-tonnage" thesis which could significantly expand the current Inferred Mineral Resource Estimate of 1.46 million ounces at 1.69 g/t Au. For Globex, this progress is achieved without capital outlay, as Emperor Metals is funding the exploration to earn into the project. This news follows a string of positive updates in early 2026, including a maiden lithium resource on royalty claims (52.2 Mt) and high-grade rare earth discoveries in Nevada, suggesting a period of rapid asset value appreciation.
Globex is a "Project Generator" with a diversified portfolio of over 260 assets, including 100+ royalties. Its flagship interests currently revolve around the Duquesne West Gold Project (Quebec), the Ironwood Gold Deposit (Quebec - 100% owned), and the Mont Sorcier Iron-Vanadium Project (Royalty). The company focuses on acquiring distressed or undervalued assets, improving them through low-cost exploration or data compilation, and then optioning them to partners for cash, shares, and a retained royalty.