Globex Mining Enterprises Inc. (TSX: GMX) announced that Emperor Metals Inc. has reported additional drill results from the 2026 exploration campaign at the Duquesne West Project, which is under option from Duparquet Assets Ltd., a 50%-owned subsidiary of Globex. Key intersections include 24.1 metres grading 2.6 g/t gold and 14.3 metres grading 2.2 g/t gold at shallow vertical depths. The results reinforce the project's resource continuity and bring Emperor closer to a Preliminary Economic Assessment.

Key Points

  • Globex Mining Enterprises Inc. (TSX: GMX; OTCQX: GLBXF; Frankfurt: G1MN)
  • Emperor Metals reported two notable 2026 drill intersections at Duquesne West, including 24.1 m at 2.6 g/t Au with a higher-grade sub-interval of 7.1 m at 7.5 g/t Au
  • Assay results received for 42 of 66 drill holes; total drilling completed to date stands at 142,758 metres
  • Investors may be watching Emperor's progress toward an updated NI 43-101 resource estimate and a Preliminary Economic Assessment

Duquesne West 2026 Drill Results Signal Resource Thickening

The 2026 exploration program at Duquesne West comprised 20,479 metres of new drilling combined with approximately 7,884 metres of previously unsampled historical core, generating more than 28,000 metres of combined drilling data. Hole DQ26-52 intersected 24.1 metres grading 2.6 g/t gold from 45.2 metres, or approximately 35 metres vertical depth, including a higher-grade interval of 7.1 metres at 7.5 g/t gold. Hole DQ26-53 returned 14.3 metres at 2.2 g/t gold from 50 metres depth, including 4.0 metres at 7.4 g/t gold. These shallow intercepts are considered significant given their potential amenability to less costly extraction methods.

Geological Model Supports Conversion of Inferred Resources at Duquesne West

Emperor's systematic infill drilling is aimed at improving geological confidence across multiple mineralised lenses. Hole DQ26-52 was drilled in close proximity to previously reported holes DQ26-33, 34, and 35, with DQ26-34 having intersected 9.5 metres grading 2.7 g/t gold. The release states that DQ26-52 demonstrated increased mineralised thickness while maintaining comparable grades, supporting an interpretation of localised structural thickening. Emperor intends for this work to support the conversion of portions of the current Inferred Mineral Resource to the Indicated category in a future NI 43-101 Mineral Resource Estimate update.

Globex's Stake in Duparquet Assets Underpins Its Exposure to Duquesne West Progress

Globex holds a 50% interest in Duparquet Assets Ltd., the entity from which Emperor has optioned the Duquesne West Project. With 61% of assay results from the 2026 program now received, the release states that remaining results — including assays from historical core resampling — will be incorporated into ongoing geological interpretation and resource modelling. David Christie, P.Geo., President and COO of Globex, acted as Qualified Person under NI 43-101 for this disclosure, utilising data from Emperor Metals' September 9, 2026 press release. The immediate share price impact was not clear from available public information.