Northwire Canada EditionThursday, July 16, 2026
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CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Drill Results Routine +

Renforth Advancing Work on Globex's Parbec Gold Royalty Property

By The Northwire Desk — AI Analysis Feb 27, 2026 · 09:00 GMX · 2.51 Globex Mining Enterprises Inc.
GMX · Price

Executive Summary

  • Globex Mining Enterprises provides an operational update on the Parbec gold royalty property, highlighting ongoing stripping activities by Renforth Resources to expose the Cadillac Break deposit.
  • The NI 43‑101 Technical Report (dated May 22 2025) confirms a Measured & Indicated resource of 9.61 Mt @ 0.86 g/t Au (≈265,800 oz) and an Inferred resource of 2.55 Mt @ 1.18 g/t Au (≈97,000 oz).
  • Stripping of a ~325 m × 120 m area is slated to begin in April 2026, generating new structural/geological data to support Renforth’s 2026 drill program and bulk‑sample planning.

Key Details

  • Royalty Position: Globex retains a 3% gross metal royalty on all production from the Parbec property.
  • Resource Estimate (NI 43‑101):
  • Measured & Indicated: 9.61 Mt grading 0.86 g/t Au → ~265,800 oz Au.
  • Inferred: 2.55 Mt grading 1.18 g/t Au → ~97,000 oz Au.
  • Location: Property straddles the Cadillac Break, ≈6 km NW of the Malartic open‑pit mine; includes existing underground access via a ramp to the mineralized zone.
  • Current Work: Renforth is stripping an area approximately 325 m × 120 m to expose the Cadillac Break deposit.
  • Upcoming Activities: Outcrop cleaning and channel sampling are expected to start in April 2026 (or when snow permits).
  • Purpose of Stripping: Generate significant new structural and geological data to underpin Renforth’s 2026 drill program and define a bulk‑sample target area.
  • Infrastructure Advantages: Proximity to the Town of Malartic provides ready access to infrastructure, skilled labour, and supplies.

Notable Quotes

  • “Globex is pleased with the steady advancement of the project which in addition to open‑pit potential already has underground access via a ramp up to the mineralized zone.” – Jack Stoch, Executive Chairman & CEO (Qualified Person under NI 43‑101)
Read the original news release →

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